Slide 1: FY23 Results Presentation
FY23 Results Presentation 30 August 2023
Slide 2: Disclaimer
Disclaimer This investor presentation has been prepared by Aeris Resources Limited However, investors should note that the non-IFRS financial information DISCLAIMER (“Aeris” or the “Company”). By attending an investor presentation or and non-GAAP financial measures do not have standardised meanings
Slide 3: Key achievements for FY23
Key achievements for FY23 A tough year but we achieved a lot and set the Company up for growth Completed Round Oak Minerals acquisition and integrated the Updated MRE for Constellation deposit at Tritton business High grade Avoca Tank mine at Tritton brought into production on Updated MRE for Barbar
Slide 4: FY23 results
FY23 results FY23 FY22 Safety LTIFR 1.7 3.6 Production kt Cu eq 51.51 29.62 Revenue A$M 612.5 386.6 EBITDA statutory A$M 19.3 86.3 EBITDA adjusted A$M 32.0 93.7 NPAT A$M (139.8) 6.0 Net cash outflows3 A$M (118.3) 41.0 Net assets A$M 266.4 293.5 1. Based on average commodity pricing of Cu US$8,274/t,
Slide 5: Cash reconciliation (A$M)
Cash reconciliation (A$M) 33 59 138 126 25 7 20 Cash at 30 Net cash from Net cash for Capex1 Exploration Net cash from Cash at 30 June 2022 operations ROM acquisition financing June 2023 1. Includes ~$1M of other costs 5
Slide 6: Developments post-year end
Developments post-year end De-risking FY24 Decision made to place Jaguar Operations on care and maintenance to preserve in-ground value of resources – feasibility study commencing on restart options Updated MRE released on the Jaguar deposit $50 million debt facility agreed with Washington H Soul Pa
Slide 7: Developments post-year end: Jaguar update
Developments post-year end Jaguar update Mining ceased last week and processing finished today No safety incidents Copper and zinc production above guidance Good engagement with workforce – helping to connect with potential new employers Majority of workforce finished by early September Care and mai
Slide 8: FY24 Guidance
FY24 Guidance Growth at Tritton to offset lost production from Jaguar FY24 Group Guidance FY23A Group copper equivalent production of 40kt - 50kt with Production minimal contribution from Jaguar Copper kt 28 - 35 27.4 Zinc kt 1.2 - 1.5 22.5 Uplift in copper production due to improved mine grades Gol
Slide 9: Priorities for FY24
Priorities for FY24 Focus on meeting guidance and completing studies on internal growth projects Achieve production and cost guidance Complete feasibility study on Jaguar restart options Complete mining study on Barbara project and progress permitting Complete Constellation mining study and EIS amen
Slide 10: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer 3 producing operations + 1 care & maintenance 1 long life development project Highly prospective for further discoveries FY23 production of 51.5kt Cu eq1 Substantial copper metal inventory Excellent platform for growth 1. Refer t
Slide 11: Appendix
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Slide 12: Group Ore Reserves
Group Ore Reserves PROJECT CATEGORY TONNES (‘000) GRADE CONTAINED METAL % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag Tritton Proved 450 1.3 0.1 2.8 6 1 40 Probable 3,560 1.4 0.2 5.2 49 28 598 Total 4,010 1.4 0.2 4.9 55 30 638 Cracow Proved 230 3.7 27 Probable 360 3.5 41 Total 590 3.6 68 Jaguar
Slide 13: Group Mineral Resources
Group Mineral Resources PROJECT CATEGORY TONNES (‘000) GRADE CONTAINED METAL % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag Tritton Measured 2,000 1.1 0.1 3 23 6 180 Indicated 11,000 1.4 0.3 4 155 103 1,480 Inferred 12,000 1.7 0.3 4 191 129 1,330 Total 25,000 1.5 0.3 4 369 238 2,990 Cracow Measur