Aurelia Metals Limited · ASX:AMI
Aurelia Metals — H1 FY25 Earnings Presentation
23 slides from Aurelia Metals's earnings presentation, Feb 26, 2025
Slide 1: Half Year FY25 Financial Results
HALF YEAR FY25 FINANCIAL RESULTS ASX Code: AMI 26 FEBRUARY 2025
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation has been prepared by Aurelia Metals Limited (‘AMI’ or the ‘Company’). It should By its very nature, production and exploration for gold and base metals is a high risk business and is not not be considered as an offer or invitation to subscribe for or purc
Slide 3: H1 FY25 Highlights
H1 FY25 HIGHLIGHTS 5.68 $49.7M $15.6M $96.7M 1 TRIFR Underlying EBITDA Underlying NPAT Cash balance with down 34% up 53% up $17.4M no drawn debt Strong Operational Performance First Federation concentrate produced Cash flow from operations continues to fund growth 1. Group Total Recordable Injury Fr
Slide 4: Executing Our Strategy
EXECUTING OUR STRATEGY ✓✓ Operate with discipline ✓ Right people, right mindset ✓ Focused growth ✓ Sustainability delivering value HALF YEAR FY25 FINANCIAL RESULTS | 26 FEBRUARY 2025 | PAGE 4
Slide 5: H1 FY25 Financial Results
H1 FY25 FINANCIAL RESULTS Martin Cummings – Chief Financial Officer Photo: Front end Loader and haul truck at our Federation ROM pad
Slide 6: Group Operational Summary
GROUP OPERATIONAL SUMMARY On track to meet production and cost guidance Key metric Units H1 FY25 H1 FY24 FY25 Guidance 4 Production volume 1 Gold koz 21.5 31.7 40 - 50 Copper kt 2.0 0.9 2.5 - 3.5 Zinc kt 6.2 7.5 14 - 20 Lead kt 7.3 8.0 13 - 19 2,3 Group Operating Costs $M 102.5 116.7 185 - 220 3 All
Slide 7: Group Financial Performance
GROUP FINANCIAL PERFORMANCE Significant improvement in profitability and margins Key metric Units H1 FY25 H1 FY24 % change EBITDA – statutory $M 51.9 31.0 67 EBITDA – underlying $M 49.7 32.5 53 EBITDA margin – underlying % 30.6% 22.1% 36 Net Profit/(Loss) After Tax – statutory $M 18.0 (2.0) 984 Net
Slide 8: Profitability and Margins Improved
PROFITABILITY AND MARGINS IMPROVED Opportunity to increase H2 FY25 from planned higher production and potential spot price upside Underlying EBITDA ($M) Underlying Net Profit After Tax ($M) 15.6 49.7 32.5 (1.8) H1 FY24 H1 FY25 H1 FY24 H1 FY25 Cash Flow from Operating Activities ($M) Group AISC Margi
Slide 9: Group Profit
GROUP PROFIT Strong performance from Peak, with benefit of high margin Federation ore to come H1 FY25 NPAT ($’M) 6.3 Average prices achieved A$ 49.7 Gold $3,693 /oz 47.6 (3.9) (0.4) Silver $47.3 /oz Copper $13,584 /t Zinc $4,495 /t (17.2) Lead $3,141 /t (3.7) 22.9 (5.8) 2.4 18.0 15.6 (7.3) Peak Darg
Slide 10: Balance Sheet in Great Shape
BALANCE SHEET IN GREAT SHAPE Operational performance continues to fund growth investments 1 Group cash A$M 45.1 ~135 116.5 (41.4) (10.7) 96.7 (12.8) Jun-24 Operating Less: Growth Less: Corp, Financing Dec-24 Total cash bal. cash flow capital & Interest, tax cash cash bal. Liquidity exploration & Oth
Slide 11: Delivery of Focused Growth
DELIVERY OF FOCUSED GROWTH Bryan Quinn – Managing Director and CEO Photo: Federation mine site
Slide 12: Federation – Delivering High Value Base Metals
FEDERATION – DELIVERING HIGH VALUE BASE METALS New high-grade base metal mine being developed within approved budget First Power Ore haulage Surface works Ventilation fan concentrate upgrade modification complete commissioned produced complete submitted Focus now on ramping up mining rates Mine deve
Slide 13: Great Cobar and Peak Plant Optimisation
GREAT COBAR AND PEAK PLANT OPTIMISATION Great Cobar Project • Copper Mineral Resource: 8.6Mt @ 2.1% Cu, 0.6g/t Au 1 • 0.5Mtpa+ of mined ore accessed from existing underground infrastructure in the North mine • Significant upside potential in Mineral Resource • Final Investment Decision due H2 FY25 P
Slide 14: Regional Exploration
REGIONAL EXPLORATION Unlocking our potential Base Metals business in the Cobar Region • Programs finalised at Kairos, Hercules, New Cobar and Jubilee North, all achieving significant copper intercepts1 • Surface drilling recommenced at Federation West (North Offset) to assess the potential for exten
Slide 15: Key Focus Areas
KEY FOCUS AREAS Focused on sustainably expanding margins, cash flow and developing copper growth options Continued focus on safety and sustainability Drive Peak productivity improvements Maximise cash generation via productivity and costs Ramp up Federation to commercial production Progress Peak opt
Slide 16: Our Purpose, Values and Strategy
OUR PURPOSE, VALUES AND STRATEGY Developer and operator of choice for base metals that power the future OUR VALUES OUR STRATEGY RIGHT ONE OPERATE WITH FOCUSED SUSTAINABILITY PEOPLE, CARE CURIOSITY NIMBLE TEAM DISCIPLINE DELIVERING RIGHT GROWTH VALUE MINDSET HALF YEAR FY25 FINANCIAL RESULTS | 26 FEBR
Slide 17: Contact
CONTACT T: +61 7 3180 5000 E: office@aureliametals.com.au Level 17, 144 Edward Street BRISBANE QLD 4000 GPO Box 7 BRISBANE QLD 4001 aureliametals.com Photo: Peak headframe and stacker
Slide 18: Appendix 1 | FY25 Guidance Detail
APPENDIX 1 | FY25 GUIDANCE DETAIL Measure Units FY25 Group gold production koz 40 – 50 Peak gold production * koz 37.5 – 45.0 Dargues gold production koz 2.5 – 5.0 Copper produced * kt 2.5 – 3.5 Zinc produced * kt 14 – 20 Lead produced * kt 13 – 19 Group Operating Costs $M 185 – 220 Peak $M 160 – 18
Slide 19: Appendix 2 | Mineral Resources
APPENDIX 2 | MINERAL RESOURCES Group Mineral Resource Estimate as at 30 June 2024 Category Tonnes (kt) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) Measured 2,400 1.2 2.2 0.8 0.6 9 Indicated 14,000 1.4 1.0 2.6 1.6 8 Inferred 9,700 1.7 0.4 1.7 0.9 13 Total 26,000 1.5 0.9 2.1 1.3 10 Note: Refer to ASX annou
Slide 20: Appendix 3 | Group Mineral Resources Estimate
APPENDIX 3 | GROUP MINERAL RESOURCES ESTIMATE Group Mineral Resource Estimate as at 30 June 2024 Project Category Tonnes (kt) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) Peak Mine copper Measured 1,700 1.4 1.9 0.1 0.1 6 Indicated 7,900 1.8 1.0 0.0 0.0 5 Inferred 6,300 2.0 0.5 0.1 0.0 7 Total 16,000 1.8 0
Slide 21: Appendix 3A | Peak Mine Copper Mineral Resources Estimate
APPENDIX 3A | PEAK MINE COPPER MINERAL RESOURCES ESTIMATE Peak Mine Copper Mineral Resources Estimate (MRE) as at 30 June 2024 Tonnes Cu Au Zn Pb Ag Class (kt) (%) (g/t) (%) (%) (g/t) Measured 1,700 1.4 1.9 0.1 0.1 6 Indicated 7,900 1.8 1.0 0.0 0.0 5 Inferred 6,300 2.0 0.5 0.1 0.0 7 Total 16,000 1.8
Slide 22: Appendix 3B | Peak Mine Zinc-Lead Mineral Resources Estimate
APPENDIX 3B | PEAK MINE ZINC-LEAD MINERAL RESOURCES ESTIMATE Peak Mine Zinc-Lead Mineral Resources Estimate as at 30 June 2024 Class Tonnes Zn Pb Cu Au Ag (kt) (%) (%) (%) (g/t) (g/t) Measured 700 2.6 2.0 0.5 3.0 16 Indicated 1,000 3.8 3.2 0.8 1.7 20 Inferred 830 5.1 2.6 1.0 0.4 25 Total 2,500 3.9 2
Slide 23: Appendix 3C | Great Cobar Mineral Resources Estimates
APPENDIX 3C | GREAT COBAR MINERAL RESOURCES ESTIMATES Great Cobar Copper MRE reported by classification as at 30 June 2024 Tonnes Cu Au Zn Pb Ag Class (kt) (%) (g/t) (%) (%) (g/t) Indicated 4,700 2.1 0.7 0.0 0.0 4 Inferred 3,900 2.1 0.5 0.1 0.0 6 Great Cobar Copper Total 8,600 2.1 0.6 0.0 0.0 5 Note