Aeon Metals — Shareholder Meeting (November 2020)
26 slides from Aeon Metals's shareholder meeting presentation, Nov 18, 2020
Slide 1: Aeon Metals Ltd 2020 Annual General Meeting
AEON METALS LTD 2020 Annual General Meeting 18 November 2020
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT The Scoping Study referred to in this presentation was released on 21 October 2019 and was undertaken for the purpose of initial evaluation of a potential development of the Walford Creek polymetallic deposits. The Company confirms that all the material assumptions underpinning
Slide 3: Corporate Overview
3 CORPORATE OVERVIEW BOARD AND MANAGEMENT CAPITAL STRUCTURE 28 years’ experience in financial markets and resources Cash A$4.2M2 Paul Harris investment banking. Previously MD, Head of Metals and Chairman Share price A$0.141 Mining at Citi. Shares outstanding 692M Hamish Collins 29 years’ experience
Slide 4: Focussed Qld Tenement Package
4 FOCUSSED QLD TENEMENT PACKAGE North-West Qld ▪ Walford Creek Project (100%): ▪ Acquired in 2014 - +80,000m over past 5 years. ▪ Large Measured & Indicated Resource underpins development ▪ Now a leading Australian copper development ▪ The highest-grade significant cobalt deposit in Australia ▪ Sign
Slide 5: Walford Creek Project
5 WALFORD CREEK PROJECT 5
Slide 6: Resources – Vardy/Marley Copper
6 RESOURCES – VARDY/MARLEY COPPER 3.6km Vardy/Marley Copper Mineral Resource(1) Vardy/Marley Copper Contained Resource(2) Category Mt Cu % Pb % Zn % Ag g/t Co % CuEq % Category Cu Kt Pb Kt Zn Kt Ag Mozs Co Kt Measured 6.2 1.15 0.89 0.86 26.5 0.15 2.62 Measured 70.6 55.1 53.2 5.2 9.1 Indicated 11.3 1
Slide 7: Resources – Vardy/Marley Cobalt
7 RESOURCES – VARDY/MARLEY COBALT 3.6km Vardy/Marley Cobalt Mineral Resource(1) Vardy/Marley Cobalt Contained Resource(2) Category Mt Cu % Pb % Zn % Ag g/t Co % CuEq % Category Cu Kt Pb Kt Zn Kt Ag Mozs Co Kt Measured 5.9 0.24 0.75 1.14 18.90 0.10 1.44 Measured 14.3 44.3 66.9 3.6 5.9 Indicated 10.9
Slide 8: Resources – Amy
8 RESOURCES – AMY Amy Copper Mineral Resource(1) Amy Copper Contained Resource(2) Category Mt Cu % Pb % Zn % Ag g/t Co % CuEq % Category Cu Kt Pb Kt Zn Kt Ag Mozs Co Kt Inferred 5.1 1.25 1.35 0.63 36.9 0.14 2.63 Inferred 63.9 68.7 32.1 6.0 7.5 (1) See 17 December 2019 ASX announcement for Resource d
Slide 9: Near Term Project Upside – Amy
9 NEAR TERM PROJECT UPSIDE – AMY 2017 AMY MARLEY VARDY ~6km ~3.6km 2018 Walford Creek best hole WFDH352: 42m @ 2.55% Cu, 0.29% Co, 41g/t Ag from 332m AMY MARLEY VARDY ~6km ~3.6km 2019 AMY MARLEY VARDY ~6km ~3.6km Amy Copper Exploration Target Estimate(1) Category Mt Cu % Pb % Zn % Ag g/t Co % Inferr
Slide 10: Near Resource Opportunities
10 NEAR RESOURCE OPPORTUNITIES ▪ Western Marley - Exploration extension – potential decline access if Marley PY3 mined ▪ Infill of potential stopes and extend pits in current mine plan ▪ Vardy Deep - Walford Dolomite hole below PY3 to test for Cu in dolomite ▪ Footprint - Target in Walford Dolomite
Slide 11: The Bigger Basin
11 THE BIGGER BASIN ▪ Strategic tenement holding in what is a World Class Mineral Province ▪ Under cover but under explored ▪ Walford mineralisation strike extent suggests potential for further large systems along basin margin ▪ Red Metal have secured southern basin edge and are in JV with major Oz
Slide 12: Pre-Feasibility Study (PFS) Status
12 PRE-FEASIBILITY STUDY (PFS) STATUS Completing the Walford Creek PFS as efficiently and effectively as possible; scheduled finalisation targeted 1Q 2021 ▪ Majority of metallurgical testwork completed to DFS level ▪ Concentrator flowsheet near complete ▪ Targeted completion pushed back to 1Q 2021 d
Slide 13: Scoping Study vs PFS Process Flowsheet
13 SCOPING STUDY VS PFS PROCESS FLOWSHEET ▪ Scoping Study (Oct 19) vs PFS process flowsheet – Agitated Bioleach replaced with heap or vat leach – Low grade ROM heap leach removed Scoping Study PFS WIP Low grade ROM heap leach P O Copper Recoveries - - Cobalt Recoveries - ? Lead Recoveries - ↑ Zinc R
Slide 14: PFS WIP: Concentrator Process Flowsheet
14 PFS WIP: CONCENTRATOR PROCESS FLOWSHEET Copper Silver Lead Silver Zinc 88% 16% 54% 8% 69%
Slide 15: PFS WIP: Heap Leach Process Flowsheet
15 PFS WIP: HEAP LEACH PROCESS FLOWSHEET ▪ Agglomeration tests completed ▪ Column testwork for heap leach in progress
Slide 16: PFS WIP: Vardy/Marley Open Pit & Underground Optimisations
16 PFS WIP: VARDY/MARLEY OPEN PIT & UNDERGROUND OPTIMISATIONS Underground Stope Blocks
Slide 17: PFS WIP: Other
17 PFS WIP: OTHER ▪ Geotechnical – The bench face angle of 55° was applied in fresh material for the North wall, and 75° was applied for the South wall ▪ TSF – Up stream turkeys nest style (Ausenco) ▪ Waste Rock Management
Slide 18: PFS WIP: Access, Power, Water
18 PFS WIP: ACCESS, POWER, WATER ▪ Access – all gazetted roads. Doomadgee commercial airstrip to be utilised for FIFO. ▪ Power – Primary energy system for the Walford Creek Project to be solar power. ‒ LOI signed with Sun Cable to provide a solar energy plus battery storage solution, with full back-
Slide 19: Environmental Approvals Process
19 ENVIRONMENTAL • Aeon will submit an Initial Advice Statement (IAS) to the Queensland May 2020 – July 2020 Government which describes the project that will be assessed in the Initial Advice Environmental Impact Statement. APPROVALS PROCESS Statement and Terms • The IAS will assist the Coordinator-
Slide 20: Other Exploration Assets
20 OTHER EXPLORATION ASSETS
Slide 21: Large NW Qld Tenement Holding
21 LARGE NW QLD TENEMENT HOLDING ▪ Extensive exploration tenement portfolio in proven base metals province of North-West Queensland ▪ Isa and other targets: 1. Beauchamps – CEI funded 800m hole for IOCG (risk accepted by Qld Gov) 2. Sugar Bag – Shallower EM gravity target 3. Southern Beauchamp targe
Slide 22: Beauchamps – Large Geophysics Anomaly
22 BEAUCHAMPS – LARGE GEOPYSICS ANOMALY ▪ Target 1. IOCG Style – Ernest Henry/Olympic Dam ‘Northern target’ CEI QLD Government covering up to $200k PBDH1 ‒ Targeting a coincident gravity and magnetic target with a moderate EM response Target 1 Follow up hole ‒ 2 RCDD holes completed. Gravity High ▪
Slide 23: Beauchamps - BCDH001
23 BEAUCHAMPS - BCDH001 AEON METALS | ASX:AML ▪ Hole lithologies summary showing progression from more hematite (Red rock altered) dominant at 220m to a more magnetite, chlorite dominated domain at 530m with increasing amounts of chalcopyrite and rare bornite. (1) See 4 November 2020 ASX announcemen
Slide 24: Summary
24 SUMMARY ▪ 972kt CuEq (2.14% CuEq) project-development Resource base ▪ Significant near Resource fault bound strike extension ▪ Substantial tenement exploration upside linked to major “Basin Edge” tenement package ▪ Extensive Qld exploration tenement portfolio - refined over last 3 years: – North-
Slide 25: Appendices
25 APPENDICES
Slide 26: Appendix 1: Important Information, Competent Persons Statement
26 APPENDIX 1: IMPORTANT INFORMATION This document has been prepared by Aeon Metals Limited (Aeon) for the purpose of providing a comprehensive company and technical overview to interested analysts and investors. This document is not a prospectus and should not be considered an offer or an invitatio