Aeris Resources Limited · ASX:AIS
Aeris Resources — Q3 FY2022 Earnings Presentation
31 slides from Aeris Resources's earnings presentation, Apr 22, 2022
Slide 1: March Quarter Activities Report Presentation
March Quarter Activities Report Presentation 22 April 2022 Presented by Andre Labuschagne
Slide 2: Important notice and disclaimer
Aeris – Q3 FY2022 Activities Report Presentation Important notice and disclaimer This presentation may contain certain statements and projections provided by or on behalf of Aeris Resources Limited (Aeris) with respect to the anticipated future undertakings. These forward- looking statements reflect
Slide 3: Highlights of Q3 FY2022
Aeris – Q3 FY2022 Activities Report Presentation Highlights of Q3 FY2022 Cracow Tritton Corporate 11,643oz @ AISC of A$1,867/oz 4,040t Cu @ AISC of A$5.94/lb Closing cash and receivables A$73.8m Revised guidance impacted by lower grade Cu production targets for FY23 to FY25 Gold hedging
Slide 4: ESG
We are Aeris y = sek ae S P ; = Aeris Resources
Slide 5: ESG
Aeris – Q3 FY2022 Activities Report Presentation ESG Safety • 1 LTI recorded at Tritton: - Operator received a laceration in his foot from mesh which became infected Environment • No reportable environmental incidents Covid-19 • New wave of close contacts or infections recorded at both operations •
Slide 6: Workplace of respect campaign launched across business
Aeris – Q3 FY2022 Activities Report Presentation Workplace of respect campaign launched across business Break the bias Invested in simulator for training Nyngan Paramedics joining forces 6
Slide 7: Tritton and Cracow Highlights
Aeris – Q3 FY2022 Activities Report Presentation TRITTON SUMMARY Highlights JUN SEP DEC MAR UNIT 2021 2021 2021 2022 QTR QTR QTR QTR ORE MILLED TONNES 393,511 369,000 406,045 351,777 Tritton: MILLED GRADE Cu (%) 1.55% 1.29% 1.26% 1.21% • The new plan for lower tonnes at better grades started to deli
Slide 8: Tritton Copper Operations - focus on growth
Aeris Resources Tritton Copper Operations - focus on growth 8
Slide 9: Tritton has 8+ year mine life on known deposits
Aeris – Q3 FY2022 Activities Report Presentation Tritton has 8+ year mine life on known deposits1 • Pathway to +30kt per annum copper production in FY25: ― FY22 18.5kt – 19.5kt Tritton production profile (kt Cu) 30-33 ― FY23 20kt – 22kt ― FY24 21kt – 23kt 25 ― FY25 30kt – 33kt 23 20-22 21-23 • FY23
Slide 10: 8+ years mine life from known deposits with extension potential from exploration
Aeris – Q3 FY2022 Activities Report Presentation 8+ years mine life from known deposits with extension potential from exploration Project Producing Developing / Constructing Feasibility / Exploration Tritton Murrawombie Budgerygar1 Avoca Tank Murrawombie Open Pit Constellation Budgery Kurrajong Sout
Slide 11: There's more copper to be found
Aeris – Q3 FY2022 Activities Report Presentation There’s more copper to be found Over 750kt1 of copper has been found to date on the Tritton tenement package – mostly in the southern half Kurrajong • 8 hole drill program underway to support a maiden Mineral Resource2 • The first drill hole (TKJD025)
Slide 12: Constellation exploration
Aeris – Q3 FY2022 Activities Report Presentation Constellation exploration • Maiden Mineral Resource1 for the initial 200 metres of 3.3Mt at 1.4% Cu including: − Indicated Mineral Resource1 for high-grade Supergene mineralisation of 0.5Mt at 3.4% Cu • An Exploration Target2 has been defined below th
Slide 13: Tritton has 8+ year mine life on known deposits
Aeris – Q3 FY2022 Activities Report Presentation Tritton has 8+ year mine life on known deposits1 FY22 Life of Mine Exploration FY22 Cu production guidance 8+ year mine life from known deposits Avoca Tank - depth extension maintained: 18.5kt - 19.5kt potential confirmed from recent Copper Pr
Slide 14: Resources
Aeris Resources 14
Slide 15: Overview of Cracow Gold Operations
Aeris – Q3 FY2022 Activities Report Presentation Overview of Cracow Gold Operations Location 500km NW of Brisbane, Queensland Ownership 100% Tenement Package 18 MLs + 3 EPMs covering 903km2 Orebody Low-sulphidation epithermal Operating Structure Owner / operator Mining Method Underground – open stop
Slide 16: Mining and exploration pipeline delivering 4+ years with exploration upside
Aeris – Q3 FY2022 Activities Report Presentation Mining and exploration pipeline delivering 4+ years with exploration upside Project Producing Development Ready Exploring Western Field U/G Deposit Roses Pride Golden Plateau Klondyke-Royal (near surface) Eastern Field Surface Targets Crown Deeps Roya
Slide 17: Cracow Gold Operations
Aeris – Q3 FY2022 Activities Report Presentation Cracow Gold Operations Tenement Package – Exploration plan coming together • More Exploration targets now than at acquisition • Planning to spend A$13m in FY22 Southern Vein Field • Directly south of current underground workings • MT Survey identified
Slide 18: Cracow Gold Operations
Aeris – Q3 FY2022 Activities Report Presentation Cracow Gold Operations Golden Plateau RC drilling • Encouraging drill results at Golden Plateau with high- grade intersections across a majority of the deposit • Assay results returned for 22 holes (35 holes completed) with gold mineralisation interse
Slide 19: Corporate
Aeris Resources Corporate 19
Slide 20: Corporate
Aeris – Q3 FY2022 Activities Report Presentation Corporate Cash and Receivables (A$ Million) DEC MAR JUN SEP DEC MAR JUN 2021 2022 2022 2022 2022 2023 2023 QTR QTR Unit QTR QTR QTR QTR QTR Gold Hedging: Useable Cash 68.9 58.7 Gold Hedge Ozs 10,500 10,500 10,500 4,500 4,500 Hedge price A$/oz 2,595 2,
Slide 21: M&A remains a focus
Aeris – Q3 FY2022 Activities Report Presentation M&A remains a focus Growth Strategy Copper/base metals Commodities Gold Deliver on organic growth Australia Location M&A focused on shareholder returns Offshore – risk reward Producing operation /established Enlarge asset portfolio infrastru
Slide 22: Summary
Aeris Resources Summary 22
Slide 23: Summary
Aeris – Q3 FY2022 Activities Report Presentation Summary FY22 to date Future Challenges at both operations Tritton guidance: 18.5kt – 19.5kt @ AISC between A$4.60/lb – A$4.85/lb ‐ Grade has underperformed at both operations Continuing to invest in life extension projects and exploration ‐ Covid
Slide 24: Thank you
Aeris Resources Thank you 24
Slide 25: Appendix A: Mineral Resource and Ore Reserve statements
Aeris Resources Appendix A: Mineral Resource and Ore Reserve statements 25
Slide 26: Tritton – Mineral Resource
Aeris – Q3 FY2022 Activities Report Presentation Tritton – Mineral Resource June 2021 Tritton Tenement Package Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tritton Underground Avoca Tank Measured 3,500 1.3 45 0.1 11 3.6
Slide 27: Tritton – Mineral Resource
Aeris – Q3 FY2022 Activities Report Presentation Tritton – Mineral Resource December 2021 Budgerygar Deposit Au metal Resource Category Tonnage (kt) Cu (%) Cu metal (kt) Au (g/t) Ag (g/t) Ag metal (koz) (koz) Measured - - - - - - - Indicated 720 1.7 12 0.4 10 10.3 240 Inferred 1,900 1.4 27 0.1 6 5.3
Slide 28: Tritton – Mineral Resource
Aeris – Q3 FY2022 Activities Report Presentation Tritton – Mineral Resource December 2021 Constellation Deposit Cut-off Cu Au Ag Mineralisation Resource Tonnage Cu Au Ag grade metal metal metal type category (kt) (%) (g/t) (g/t) (Cu%) (kt) (koz) (koz) Measured - - - - - - - Oxide Indicated 0.2 1,400
Slide 29: Tritton – Ore Reserve
Aeris – Q3 FY2022 Activities Report Presentation Tritton – Ore Reserve 2021 Tritton Tenement Package June 2021 Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tritton Underground Proved 1,800 1.2 21 0.1 4 3.0 170 Probable 0 0.0 0 0.0 0 0.0 0 TOTAL 1,800 1.2 21 0.1 4 3.0 170 Murrawombi
Slide 30: Cracow – Mineral Resource and Ore Reserve
Aeris – Q3 FY2022 Activities Report Presentation Cracow – Mineral Resource and Ore Reserve 2021 Mineral Resource Cracow Tenement Package 2021 Ore Reserve Cracow Tenement Package June 2021 June 2021 Tonnes (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tonnes (kt) Au (g/t) Au (koz) Cracow CRACOW Measured 2
Slide 31: Competent Persons statement
Aeris – Q3 FY2022 Activities Report Presentation Competent Persons statement Competent Person’s Statement – Exploration Targets, Exploration Results or Mineral Resource The information in this report that relates to Exploration Targets, Exploration Results or Mineral Resources is based on informatio