29metals Limited · ASX:29M
29metals — BMO Capital Markets 31st Global Metals & Mining Conference 2022
24 slides from 29metals's conference presentation, Feb 28, 2022
Slide 1: BMO Conference - Investor Presentation (ASX Announcement)
ASX ANNOUNCEMENT Monday, 28 February 2022 BMO CONFERENCE - INVESTOR PRESENTATION Accompanying this release is the 29Metals Limited (‘29Metals’ or, the ‘Company’) presentation to the BMO Capital Markets 31st Global Metals & Mining Conference, being held in Hollywood, Florida, this week. -ENDS- This a
Slide 2: 29Metals Limited BMO Conference February 2022
29Metals Limited BMO Conference February 2022
Slide 3: Important information
Important information The information in this presentation has been derived from material publicly released by 29Metals and is provided for informational purposes only and may be changed or updated without notice. The information presented should not be used for any purpose other than gaining genera
Slide 4: Important information
Important information PRESENTATION CURRENCY AND ROUNDING 29Metals functional currency is Australian dollars (‘A$’). Unless otherwise stated, all financial information in this presentation is in A$. Financial information in this presentation is subject to rounding. NON-IFRS FINANCIAL INFORMATION This
Slide 5: Overview
Company Overview Operations Growth ESG Overview Our vision is to be a leading ASX-listed copper producer, developer and explorer offering investors exposure to attractive copper market dynamics 1 2 29 Cu Copper Highly experienced Board and management Copper focused producer with high-grade, team wit
Slide 6: FY2021 Highlights
Company Overview Operations Growth ESG FY2021 Highlights Operating and financial performance create the foundation for growth Health & safety Cu-eq3 production AISC3 Operated safely 68kt Cu-eq3, 4 US$3.41/lb TRIFR1 of 12.1 Exceeded Pro forma Forecast Improvement in H2-2021; despite cost and LTIFR2 o
Slide 7: Corporate Snapshot
Company Overview Operations Growth ESG Corporate Snapshot 29Metals capitalisation Major shareholders (Feb-2022)5 A$ Share Price1 $/sh $2.75 # Investor Name % Shares on Issue (SOI) m 480 1. EMR Capital Investors 45.0% Market Cap $m $1,321 2. Yarra Capital Mgt 8.5% Drawn Debt2, 3 $m $201 Cash and equi
Slide 8: Portfolio
Company Overview Operations Growth ESG Portfolio Substantial copper producer, with all assets in Tier 1 jurisdictions Production from Golden Grove and Capricorn Copper, both with long mine lives, production growth opportunities and significant resource extension potential, plus Redhill in Chile prov
Slide 9: Golden Grove
Company Overview Operations Growth ESG Golden Grove World-class VHMS geological system Asset Overview Location Western Australia, Australia Mine Type Underground, long hole open stope Concentrates exported to Asian and Commercial Production Commenced in 1990 global smelters Mine Life 10+ years Coppe
Slide 10: Capricorn Copper
Company Overview Operations Growth ESG Capricorn Copper High-grade copper operation in a Tier 1 jurisdiction Capricorn Copper Project Asset Overview Location Queensland, Australia Mine Type Underground, sub-level caving and long hole open stoping Major Town Commercial Minor Town Large scale mining c
Slide 11: FY2021 Metal Production and Sales Mix
Company Overview Operations Growth ESG FY2021 Metal Production and Sales Mix Copper dominant profile with meaningful by-product production Sales mix (FY2021)1, 2 Metal production (FY2021 and FY2022 guidance)1,3 Golden Grove Copper (kt) Zinc (kt) Silver, 7% 55 – 65 39 – 46 41 48 Lead, Copper, Group 4
Slide 12: Growth Strategy
Company Overview Operations Growth ESG Growth Strategy Focused on executing operating plan and delivering organic growth FY2021 Delivered FY2022 Focus1 Productivity Deliver operating plan Esperanza South self-propagation / Transition to increased stope intervals in breakthrough at Capricorn Copp
Slide 13: In-mine and Near-mine Growth
Company Overview Operations Growth ESG In-mine and Near-mine Growth Golden Grove long-section1 Potential Mining Front Existing Operations World-class VHMS with multiple ore sources and diversified, low risk production Advancing known targets and generating additional prospects on existing leases
Slide 14: In-mine and Near-mine Growth
In-mine and Near-mine Growth Company Overview Operations Growth ESG Underground Drill Site Golden Grove - Cervantes 1010m below surface Bottom of Scuddles Decline 1100m below surface Potential for Cervantes to deliver additional high-grade, high- 3.3m (2.0m) @ 21.2% Zn, 0.6% Cu, 1.0% Pb, 201g/t Ag,
Slide 15: In-mine and Near-mine Growth
In-mine and Near-mine Growth Company Overview Operations Growth ESG Capricorn Copper Five known deposits: 1,858km2 of highly prospective, under- Multiple mining fronts and orebodies provide scheduling flexibility and blending optimisation Esperanza South (ESS), Mammoth and Greenstone in produc
Slide 16: Regional Exploration
Regional Exploration Company Overview Operations Growth ESG Further in-mine, near-mine and regional upside with substantial exploration interests across three jurisdictions 1 2 3 Capricorn Copper 1,858km2 – Mining and Exploration Leases 2 Prospective for: Golden Grove Copper/Silver/Lead/Zinc/Cobalt
Slide 17: ESG
Company Overview Operations Growth ESG ESG 29Metals has a commitment to robust governance, safety and sustainability COPPER OUR LEADERSHIP Sits at the heart of electrification, Board and leadership team with extensive decarbonisation and the global executive experience developing and transition to a
Slide 18: Appendix
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Slide 19: Guidance
Guidance FY2022 Group guidance Group guidance1,2 Unit FY2021A3 FY2022 guidance Production4 Copper kt 41 39 – 46 Zinc kt 48 55 – 65 Gold koz 36 27 – 34 Overall, expecting year-on-year improvement in production output in 2022 Silver koz 1,766 1,370 – 1,640 Lead kt 2 2–3 Costs5 Mining6 $m $279 289 – 33
Slide 20: Production Guidance
Production Guidance1 Improvement in metal production in FY2022 at both operating mines Golden Grove Capricorn Copper Guidance1 Unit FY2021A2 FY2022 guidance Guidance1 Unit FY2021A2 FY2022 guidance 3 3 Production Production Ore mined kt 1,525 1,450 – 1,650 Ore mined kt 1,772 1,600 – 1,850 Ore milled
Slide 21: Financials Metrics Guidance
Financials Metrics Guidance1 FY2022 Unit FY2021A2 Commentary guidance Depreciation & Amortisation3 $m $100 135 – 155 Reflects inclusion of a full year of Capricorn Copper results in FY2022 and acquisition accounting Mine development amortisation on units of production (‘UOP’) basis over estimate
Slide 22: Definitions of Non-IFRS Financial Information Metrics
Definitions of Non-IFRS Financial Information Metrics METRIC DEFINITION Adjusted EPS is adjusted earnings per share, and is calculated using adjusted NPAT divided by the weighting average number of ordinary shares outstanding for the period. is net profit after tax attributable to members, adjusted
Slide 23: Reconciliation of Non-IFRS Financial Information Metrics
Reconciliation of Non-IFRS Financial Information Metrics Reconciliation of Adjusted NPAT to NPAT Unit FY2021A FY2021P VAR NPAT $m $121 – $121 Add: Transaction costs (post-tax) $m $39 – $39 Less: Income tax benefit associated with the IPO transactions $m ($119) – ($119) Add: Increase in net assets at
Slide 24: Unlocking value to empower the future.
Unlocking value to empower the future. 23
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