Aurelia Metals Limited · ASX:AMI
Aurelia Metals — Sydney Mining Club March 2015
36 slides from Aurelia Metals's conference presentation, Mar 5, 2015
Slide 1: Sydney Mining Club March 2015
For personal use only SYDNEY MINING CLUB MARCH 2015 1 GOL D | L EA D | ZI NC | S I LVER | C OPPER
Slide 2: Disclaimer
DISCLAIMER • This presentation has been prepared by Aurelia Metals Limited (“AMI” or the “Company”). It should not be considered as an For personal use only offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect
Slide 3: Compliance Statement Listing Rules 5.16-5.18
COMPLIANCE STATEMENT LISTING RULES 5.16-5.18 This investor presentation contains forecast rates for the production of gold, lead and zinc from the Hera For personal use only Project. These production targets were developed under a Definitive Feasibility Study (‘DFS’) as announced to the ASX on the 1
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only CAPITAL STRUCTURE Shares on issue (ASX:AMI) 387.3 million Options & Performance Rights 5.4 million Market Capitalisation (at 26cps) $100 million Est. Cash – (Jan 15) $17.2million Drawn Funding Facilities1 $105 million Undrawn Funding facilities (Nymagee) 1 $5
Slide 5: Project Location
PROJECT LOCATION Bourke CSA Copper Mine +1.5Mt Cu endowment For personal use only Cobar Gold Field Australia Armidale Endeavor Mine +7Moz Au Eq production Toho Zinc Zn-Pb-Ag CSA Mine Girilambone Cu Mine NSW Straits Resources Glencore Cu Tritton Straits Nyngan Cobar Cu Mt Boppy Mine The Peak Mine Au
Slide 6: Hera DFS Key Metrics – Stage 1 Hera Development
HERA DEVELOPMENT For personal use only HERA DFS KEY METRICS – STAGE 1 HERA DEVELOPMENT Resources 2.44Mt @ 4.1g/t Au, 2.8% Pb, 3.8% Zn and 16.7g/t Ag Reserves 1.8Mt @ 3.6g/t Au, 2.5% Pb, 3.5% Zn and 15g/t Ag Initial Mine Life 7.3 years from portal Estimate Project Revenue (Stage 1 Only) >$500 million
Slide 7: Mine Gold-Lead-Zinc: Improving Base Metals Market
HERA MINE GOLD-LEAD-ZINC • Improving Base Metals Market For personal use only • Broad consensus on improving market – particularly for Zinc Source: Wood Mackenzie 7
Slide 8: Mine Gold-Lead-Zinc: Volatile Gold Market
HERA MINE GOLD-LEAD-ZINC • Volatile Gold Market For personal use only • Downside protected with A$1500/oz put options – 26,445oz • Prudent forward sales of 9,900oz Au at A$1591 Forward sales Put Options 8
Slide 9: Mine Layout
HERA MINE - LAYOUT For personal use only BOXCUT WASTE ROCK DUMP POWER STATION ROM PAD PROCESS PLANT PYBAR PROCESS WATER DAM ADMIN NORTH 9
Slide 10: Village
HERA VILLAGE For personal use only Hera Village 10
Slide 11: Development – Underground Ahead of Schedule
HERA DEVELOPMENT - UNDERGROUND AHEAD OF SCHEDULE For personal use only Hera Underground 11
Slide 12: Mine Development
HERA MINE DEVELOPMENT For personal use only • Decline commenced January 2013. • Underground ahead of schedule with eight (8) production levels fully or partially developed • Stope Production commenced Hera Underground development – as at February 2015 12
Slide 13: Mine – Process Plant
HERA MINE – PROCESS PLANT For personal use only Hera Mill – July 2014 13
Slide 14: Mine Process Facility
HERA MINE PROCESS FACILITY CONCENTRATE LEACH TANKS GRINDING AND GRAVITY MODULE For personal use only 34% GOLD RECOVERY (TOTAL 94%) 60% GRAVITY GOLD RECOVERY 47% SILVER RECOVERY TERTIARY CRUSHING FLOTATION CIRCUIT 56% LEAD + ZINC BULK CONCENTRATE PRIMARY AND SECONDARY 91% LEAD RECOVERY CRUSHING - 120
Slide 15: First Gold Pour – 12th September 2014
HERA MINE– FIRST GOLD POUR – 12TH SEPTEMBER 2014 For personal use only 15
Slide 16: 1st Concentrate Shipment – November 2014
HERA MINE – 1ST CONCENTRATE SHIPMENT – 25 NOVEMBER 2014 For personal use only 16
Slide 17: Process Facility – Commissioning
HERA MINE PROCESS FACILITY - COMMISSIONING Hera commissioning extended into January: For personal use only Continued strong performance of the primary and secondary crushing circuit Reliable lead and zinc recoveries of >95% The process circuit achieving throughput rates of >40 tonnes per hour
Slide 18: Stope Delineation Drilling
HERA DEVELOPMENT STOPE DELINEATION DRILLING For personal use only HRUD055 2m @175g/t Au, 15% Pb+Zn HRUD003 8m @6.9g/t Au, 1% Pb+Zn HRUD023 4.2m @0.6g/t Au, 17% Pb+Zn HRUD059 HRUD005 4.3m @15.6g/t Au, 19.3% Pb+Zn 7m @7.4g/t Au, 14% Pb+Zn HRUD046 11m @16.6g/t Au, 24% Pb+Zn HRUD070 HRUD033 3.1m @19g/t
Slide 19: Exploration
HERA EXPLORATION For personal use only Massive zinc sulphides – Hera North 19
Slide 20: Cobar Superbasin Deposits
COBAR SUPERBASIN DEPOSITS SCHEMATIC For personal use only COBAR BASIN DEPOSITS – HIGH GRADE + LONG LIFE COBAR SUPERBASIN METAL INVENTORY 6.4Moz Au, 200Moz Ag, 2.2Mt Cu, 4Mt Zn, 3Mt Pb Australia NSW 20
Slide 21: Gold-Lead-Zinc Deposit Exploration Potential
HERA GOLD-LEAD-ZINC DEPOSIT EXPLORATION POTENTIAL PEAK GOLD MINES COBAR HERA DEPOSIT For personal use only SCHEMATIC LONG SECTION SCHEMATIC LONG SECTION Hera: 2.44Mt @ 4.1g/t Au, 6.6% Pb+Zn Western Lead Zinc 0.9Mt @ 6.8g/t Au, 2% Pb+Zn 500m Peak (pre-mining) 5.2Mt @ 9.1g/t Au, 0.8% Cu 1000m POTENTIA
Slide 22: Exploration – Hera North
HERA EXPLORATION HERA NORTH For personal use only Drill Holes outside 4.0m @ 163g/t Ag, 13.6% Pb+Zn the Hera Resource No Significant Results 11m @ 107g/t Ag, 20% Pb+Zn 100m ASL Strong Mineralisation New Holes 4.8m @, 359g/t Ag, 33.1% Pb+Zn 21m @ 0.3g/t Au, 47g/t Ag, 4.7% Pb+Zn Targets to be drilled
Slide 23: Exploration – Hebe East
HERA EXPLORATION HEBE EAST For personal use only • Hera likely represents northern limb of mineral fluids from the Hebe magnetic anomaly N • Latest Pb geochemistry suggests 1km HERA southern zone of fluid flow – Hebe South • Drill testing planned 1H2015 HEBE EAST MAGNETICS LEAD GEOCHEMISTRY 23
Slide 24: Prospectivity – Hera-Nymagee Corridor
PROSPECTIVITY HERA-NYMAGEE CORRIDOR For personal use only • Hera-Nymagee corridor remains highly prospective • The Hera & Nymagee deposits are both marked by prominent gravity highs • Numerous gravity targets now defined by detailed ground gravity along 20km of strike • Potential for Hera-Nymagee co
Slide 25: Nymagee Copper Deposit
NYMAGEE COPPER DEPOSIT 3D ISOMETRIC • Historical production ~ 420,000t @ 5.8% Cu For personal use only • AMI discovered high grade copper in Oct 2010 • Maiden JORC Nymagee Resource in Dec 2011 • 8.1Mt @ 1.2% Cu, 0.3% Pb, 0.7% Zn & 9g/t Ag • Open to the north and at depth • Represents an analogue to
Slide 26: Nymagee Copper Deposit vs CSA
NYMAGEE COPPER DEPOSIT vs CSA SCHEMATIC CROSS SECTION COMPARISON - LOOKING NORTH For personal use only • Nymagee evolving as MAIN SHAFT SHALLOW COPPER ZONE the upper part of a ‘CSA’ style Cobar CSA – Cross Section >1.5Mt Cu Production Pb-Zn-Ag Lens deposit >12mt @ 5% Cu Resource (off section) Nymage
Slide 27: Nymagee Copper Deposit – Open to North and at Depth
NYMAGEE COPPER DEPOSIT OPEN TO NORTH AND AT DEPTH – NYMAGEE LONG SECTION • Deep drilling at For personal use only Nymagee confirms continuity of copper mineralisation >700m • Nymagee North mineralisation increasing intensity with depth • Multiple untested DHEM conductor 2 targets at depth 1 3 27
Slide 28: Hera and Nymagee Projects
HERA AND NYMAGEE PROJECTS FULLY FUNDED HIGH-GRADE GOLD-LEAD-ZINC WITH MAJOR EXPLORATION UPSIDE For personal use only STAGE 1: HERA DEPOSIT (AMI-100%) – DEVELOPMENT COMPLETING • High grade gold-lead-zinc-silver production • Average annual production to exceed 50kozpa Au Eq. • Hera deposit open to nor
Slide 29: Building a Mid-Tier Mining Company
For personal use only BUILDING A MID-TIER MINING COMPANY ASX:AMI 2 Corporation Place ORANGE NSW 2800 T: +61 2 6363 5200 E: office@aureliametals.com www.aureliametals.com 29
Slide 30: Appendix 1: Resources and Reserves
APPENDIX 1: RESOURCES AND RESERVES For personal use only MINERAL RESOURCE ESTIMATE- HERA DEPOSIT - JUNE 2011 NSR Cu Pb Zn Au Eq Contained Au Category Tonnes (A$) Au g/t Ag g/t % % % (g/t) Ozs Eq Indicated 2,113,000 243 4.2 17.0 0.2 2.8 3.9 9.2 Inferred 330,000 207 3.5 14 0.1 2.3 3.3 7.5 Total 2,444,
Slide 31: Appendix 2: Gold Equivalent Calculations – Hera DFS & Reserve
APPENDIX 2: GOLD EQUIVALENT CALCULATIONS – HERA DFS & HERA RESERVE For personal use only This presentation makes references to the Hera Ore Reserve, DFS outputs and metal equivalents. It is the Company's opinion that all the elements included in the metal equivalents calculation have a reasonable po
Slide 32: Appendix 3: Gold Equivalent Calculations – Hera Resource
APPENDIX 3: GOLD EQUIVALENT CALCULATIONS – HERA RESOURCE For personal use only This presentation makes a number of references to metal equivalents. These metal equivalent values refer to those included with Hera Resource Estimate released to the ASX on 2nd June 2011. It is the Company's opinion that
Slide 33: Appendix 4: Board of Directors
APPENDIX 4: BOARD OF DIRECTORS For personal use only Partner of PricewaterhouseCoopers Australia (Coopers & Lybrand) for 19 years specialising in the Anthony Wehby provision of corporate finance advice. Anthony is based in Sydney and maintains a consulting practice Non-Executive Chairman providing a
Slide 34: Appendix 5: Hera Development DFS – September 2011
APPENDIX 5: HERA DEVELOPMENT DFS – SEPTEMBER 2011 For personal use only HERA DFS 3D view of Hera Mine Design showing mine capital development, Diluted Reserve (tonnes) 1,875,918 final stope design and CRF fill. Diluted Reserve Grade g/t Au (on gold equivalent basis) 7g/t Au Eq. Net Smelter Retur
Slide 35: Appendix 6: Glencore Funding Structure
APPENDIX 6: GLENCORE FUNDING STRUCTURE For personal use only Facility A Limit: A$20 million Converting Note Facility Conversion: Convertible at AMI’s option at $0.251 Interest Rate: 3M AUD BBSW + 4% Use of Funds: Hera Development, Nymagee feasibility study and development, working Maturity Date: cap
Slide 36: Appendix 7: Competent Persons Statements
APPENDIX 7: COMPETENT PERSONS STATEMENTS Competent Persons Statement – Exploration Results For personal use only The information in this report that relates to Exploration Results is based on information compiled by Rimas Kairaitis, who is a Member of the Australasian Institute of Mining and Metallu