Slide 1: Cobar Basin Operations Site Tour Information Pack
rsonal use only AURELIA METALS COBAR BASIN OPERATIONS SITE TOUR INFORMATION PACK 5 MARCH 2024 ASX Code: AMI
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation has been prepared by Aurelia Metals Limited (‘AMI’ or the ‘Company’). It should not By its very nature, production and exploration for gold and base metals is a high risk business and is rsonal use only be considered as an offer or invitation to subscribe
Slide 3: Key Messages
KEY MESSAGES Developing and operating a premier base metals business in a Tier 1 location rsonal use only Significant Cobar Basin Mineral Resource of 26.1Mt1 with highly prospective exploration potential Established processing infrastructure capacity ~1.3Mt Peak transitions to copper dominant or
Slide 4: The Pathway to Our Success
THE PATHWAY TO OUR SUCCESS Near term priority is to ‘fill our mills’ rsonal use only Optimise the 4 Cobar Basin Convert Resources 3 to Reserves Deliver near-term 2 growth projects Operational excellence 1 and lower unit costs Enabled and strengthened by our people and an engaged culture AURELIA COBA
Slide 5: Our Vision for the Future
OUR VISION FOR THE FUTURE To be a developer and operator of choice for critical base metals to power a low-carbon future rsonal use only and deliver superior shareholder value OUR VALUES OUR STRATEGY IMPROVE RIGHT DELIVER ONE OUR PEOPLE, FOCUSED CARE CURIOSITY NIMBLE WITH TEAM OPERATING RIGHT GROWTH
Slide 6: Executive Leadership Team
EXECUTIVE LEADERSHIP TEAM rsonal use only Bryan Quinn Martin Cummings Andrew Graham Rochelle Carey Managing Director and Chief Financial Officer Chief Development and Technical Officer General Counsel and Chief Executive Officer Company Secretary Susan Scheepers Angus Wyllie Michelle Tracey Matthew
Slide 7: Cobar Basin Management Team
COBAR BASIN MANAGEMENT TEAM Experienced and capable team to deliver strong results rsonal use only Matthew Nuttall General Manager Cobar Region Clive Jones Todd Whitla Paul Henderson Travis Carter Matt Stone Trevlyn Ryan Dion Walker Donna Newman Mine Manager Processing Maintenance Mine Manager Actin
Slide 8: Cobar Region Workforce
COBAR REGION WORKFORCE Attracting and retaining quality people with the right Culture rsonal use only Residential, DIDO and FIFO options 2 graduates 199 staff and 75 7 apprentices and 3 vacation students contractors at Peak Owner mining 67 Aurelia owned transition properties complete in FY23 in Coba
Slide 9: Sustainability
SUSTAINABILITY Programs that deliver business and stakeholder value Group Total Recordable Injury Frequency Rate rsonal use only (TRIFR) - 12 month moving average Visible safety leadership 15 Ensure hazards are adequately 10 assessed before starting work 5 Group Peak 0 Aug-23 Sep-23 Feb-23 Jan-23 Ju
Slide 10: Peak Operation
Too busy can we get editable label image so SouthitMine portal we can de-word PEAK OPERATION Batch plant A cornerstone asset supporting Aurelia’s growth Mobile workshop rsonal use only • Built by Rio Tinto Tier 1 location • 31 years of operations since 1993 • 19.0Mt of Resources incl 16.0Mt of coppe
Slide 11: Peak South and North Mines
PEAK SOUTH AND NORTH MINES SOUTH MINE NORTH MINE rsonal use only PREDOMINANTLY LEAD / ZINC ORE PREDOMINANTLY COPPER ORE South Mine - Mineral Resources1 North Mine - Mineral Resources1 • 2.1Mt Copper Resource 1.1% Cu, 2.1g/t Au • 14.0Mt Copper Resource 1.9% Cu, 0.7g/t Au • 2.3Mt Lead / Zinc Resource
Slide 12: Peak Mines
PEAK MINES Ore future is in the North mine, transitioning to copper dominant ore rsonal use only SOUTH MINE NORTH MINE Legend: Lead zinc ore plan stopes Great Cobar 120m Chesney Jubilee Cu, Au Copper ore plan stopes Cu, Au Cu, Au (proposed development) Previously mined stopes Existing development ac
Slide 13: Continue to Optimise Peak Mining
CONTINUE TO OPTIMISE PEAK MINING Delivering on operational and cost improvements - focused on hours, rate and compliance to plan rsonal use only Development metres Restart Third Truck development at production payload 743 723 New Cobar drill rig optimisation 257 352 Mar 23 Qtr Jun 23 Qtr Sep 23 Qtr
Slide 14: Processing Infrastructure
PROCESSING INFRASTRUCTURE The most versatile polymetallic plant in the Cobar Region rsonal use only Increased zinc recovery Current capacity opportunities of 800ktpa Exploring capital efficient expansion potential Able to treat any ore type targeted in the Cobar Basin Campaign processing to produce
Slide 15: Peak Process Plant
PEAK PROCESS PLANT Hoist from U/G crusher up to Tailings Laboratory Tailings Thickening rsonal use only 1,600 t/day Leach & CIP & Process water Fuel Bay & Oils Gravity Gold, ILR SAG & Ball Mill Grinding Circuit Concentrate Storage ROM stockpile 16Kt 800Kt/a consent live, 80Kt dead Zn Flotation Pb or
Slide 16: Federation
FEDERATION A compelling high return base metals investment Federation Mine long section (looking South) Legend: rsonal use only Downhole stopes Initial eight-year mine life, 4.0Mt production target1 Sill pillars Uphole stopes Mineral Resource 4.8Mt at Zinc 9.0% Lead 5.4% Fresh air raise Copper 0
Slide 17: Federation Progress Update
FEDERATION PROGRESS UPDATE First stope ore remains on track for Q1 FY25 Federation (view looking North) rsonal use only First egress raise reamed • Infill drilling program commenced in January Infill drilling platform • Electrical substation energised now in use • First raisebore completed Second fr
Slide 18: Great Cobar Copper Project
GREAT COBAR COPPER PROJECT1 A capital efficient brownfield copper mine development rsonal use only • Copper Mineral Resource 8.4Mt @ 2.1% Cu, 0.6g/t Au 2 • New underground mining area 7km North of the Peak plant, to be accessed via new twin declines from existing underground workings at New Cobar •
Slide 19: Resource Potential
RESOURCE POTENTIAL Highly prospective tenements in the Cobar Basin rsonal use only • Successful FY24 drill programs conducted at Peak Mine1, 2 Active Exploration FY24 • Drilling at Nymagee3 included the highest zinc and some of the highest copper assays since drilling began in 1905 • Federation expl
Slide 20: Exploration Pipeline
EXPLORATION PIPELINE Full pipeline across all stages of exploration rsonal use only Exploration pipeline highlights include: • Highly prospective tenement package • Experienced exploration team • Additional land access secured providing further regional exploration options • Systematic and iterative
Slide 21: Key Takeaways
KEY TAKEAWAYS Care | Curiosity | Nimble | One Team rsonal use only RIGHT PEOPLE & RIGHT MINDSET, IMPROVE OUR OPERATING MARGIN DELIVER WITH CONFIDENCE Tier 1 location Focus on delivering operational Quality infrastructure, resource improvements and workforce FOCUSED GROWTH FOCUSED GROWTH Two fully fu
Slide 22: Contact
CONTACT T: +61 7 3180 5000 E: office@aureliametals.com.au rsonal use only Level 17, 144 Edward Street BRISBANE QLD 4000 GPO Box 7 BRISBANE QLD 4001 aureliametals.com Photo: Federation raise bore collar pour
Slide 23: Mineral Resources and Ore Reserves
APPENDIX 1 | MINERAL RESOURCES AND ORE RESERVES Group Mineral Resource Estimate as at 30 June 2023 Notes: Category Tonnes (kt) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) rsonal use only Measured 3,000 0.9 2.6 1.1 (i) 0.9 12 Indicated 15,000 1.4 1.1 2.8 1.8 8 . Inferred 8,200 1.7 0.5 1.8 1.0 8 Total 27,0
Slide 24: Group Mineral Resources Estimate
APPENDIX 2 | GROUP MINERAL RESOURCES ESTIMATE Group Mineral Resource Estimate as at 30 June 2023 Project Category Tonnes (kt) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) rsonal use only Peak Mine copper Measured 1,600 1.3 2.0 0.1 0.1 7 Indicated 8,300 1.8 1.0 0.0 0.0 5 Inferred 6,100 2.1 0.5 0.1 0.0 7 To
Slide 25: Group Ore Reserve Estimate
APPENDIX 3 | GROUP ORE RESERVE ESTIMATE Group Ore Reserve Estimate as at 30 June 2023 Project Category Tonnes (kt) NSR (A$/t) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) Peak North Mine copper Proved 220 260 1.8 2.1 0.0 0.0 7 rsonal use only Probable 1,500 220 2.0 1.2 0.0 0.0 5 Total 1,700 230 2.0 1.3 0.
Slide 26: FY24 Guidance
APPENDIX 4 | FY24 GUIDANCE FY24 Guidance Outlook FY24 rsonal use only GROUP OUTPUT Metric H1 FY24 Guidance Outlook: Guidance1 Gold koz 31.7 60.0 – 65.0 • Planned high grade stopes at Peak re-sequenced to 2.0 – 2.3 the second half of FY24 Copper kt 0.9 (Previously 2.8 – 3.1) Zinc kt 7.5 17.5 – 20.0 •