Atalaya Mining Copper Sa · LSE:ATYM
Atalaya Mining Copper Sa — EMED Mining — Shareholder Meeting (June 2014)
21 slides from Atalaya Mining Copper Sa's shareholder meeting presentation, June 2014
Slide 1: Recent Progress at the Rio Tinto Re-Start
EMED Mining Recent Progress at the Rio Tinto Re-Start June 2014
Slide 2: Disclaimer
Disclaimer The information contained in this document (“Presentation”) has been prepared by EMED Mining Public Limited (the “Company”). While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or a
Slide 3: Introductions
Introductions Isaac Querub, Alberto John Leach, Chief Executive Officer Lavandeira Adán, Chief Financial Officer Chief Operating Officer ● Has previously run a number of successful ● Over 35 years’ experience operating and ● Over 25 years experience in senior businesses in Spain, including being the
Slide 4: Company Overview
Company Overview Share Information ● EMED Mining (“EMED” or the “Company”) Share price (AIM: EMED)(1) 7.625p is an exploration and development company Share price (TSX: EMD)(1) C$0.135 listed on the AIM market of the LSE and on Basic shares 1,254.7mm the TSX Fully-diluted shares 1,421.2mm ● The Comp
Slide 5: Investment Highlights
Investment Highlights Management team with proven track record and relevant skills to permit and re-start Rio Tinto Local government support and sound regulatory environment Low capital intensity brownfield project, with significant in-place infrastructure including processing facilities Advan
Slide 6: Mining Industry in Spain
Mining Industry in Spain 1 2 3 4 Aguas Teñidas Aguablanca Rio Tinto Las Cruces Copper, zinc Nickel, copper Copper Copper 26 kt copper 7.6 kt nickel 37 ktpa copper 69 kt copper 33 kt zinc 6.2 kt copper (LOM average) (2013) (2011) (2013) 5 6 5 6 Salave El Valle Gold Granite Coal Sodium Gold, copper 94
Slide 7: Introduction to Rio Tinto
Introduction to Rio Tinto • EMED Mining owns 100% of the Rio Tinto Copper Project Project Highlights & Location through its wholly-owned Spanish subsidiary EMED Tartessus • EMED has been involved at Rio Tinto since 2007 Mining method: Open-pit • Rio Tinto is a past-producing open-pit copper mine loc
Slide 8: Infrastructure Advantage
Infrastructure Advantage • The re-start of the Rio Tinto 1 2 3 project will benefit from the significant existing infrastructure in place • Development capital expenditures will be allocated for the refurbishment of existing mining and processing facilities • Concentrate is expected to be trucked 75
Slide 9: Modest Funding Requirements
Modest Funding Requirements • Initial funding of US$290mm will be Initial Funding Requirements US$mm required to bring Rio Tinto into production Plant Refurbishment $125 at an initial 5 mmtpa milling rate (Stage 1) Water Dams and Tailings $36 • Additional capital expenditures of Commissioning and St
Slide 10: Low Capital Intensity
Low Capital Intensity Capital Intensity (US$ / tonne annual copper production)(1)(2) $45,504 $35,381 $28,452 $24,875 $25,187 $25,297 $21,391 $21,984 $17,682 $15,991 $13,299 $14,153 $14,899 $12,252 $10,359 $7,576 $8,042 $6,224 $6,346 $3,941 Rio Tinto Kapulo Jabal Sayid Aktogay Tschudi Pumpkin Hollow
Slide 11: Competitive Cash Costs
Competitive Cash Costs Copper C1 By-Product Cash Costs (US$ / lb)(1)(2) $2.09 $2.12 $2.13 $2.06 $2.06 $1.91 $1.84 $1.84 $1.85 $1.73 $1.77 $1.53 $1.55 $1.56 $1.46 $1.13 $1.03 $1.05 $0.90 $0.42 Tschudi Pumpkin Hollow Sierra Gorda Kapulo Jabal Sayid Kolwezi Tailings Rio Tinto Aktogay Toromocho Kinsenda
Slide 12: Funding Strategy
Funding Strategy • The Company is in advanced negotiations Potential Sources of Funds US$mm with four major international financial Senior secured project financing facility $200 institutions for a senior secured project XGC conditional subordinated cost overrun facility $15 finance facility of c.US
Slide 13: Critical Permits Have Been Granted
Critical Permits Have Been Granted Permit Granted Notes • Key permit required to begin construction Unified Environmental Authorisation (AAU) 28 March 2014 • Consolidates all of the required environmental and land-use permits and applications into one document, including the Environmental Impact S
Slide 14: Estimated Timeline to Completion
Estimated Timeline to Completion Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S Milestones Administrative Standing Project Finance Drawdo
Slide 15: District Potential
District Potential • The Rio Tinto copper project is located at the eastern end of the highly prospective Iberian pyrite belt, which extends about 230km between Seville in the east and the Atlantic coast near Lisbon in the west • Within the pyrite belt, there are 8 major mining areas, each thought t
Slide 16: Rio Tinto Upside Potential (1/2)
Rio Tinto Upside Potential (1/2) • There is significant potential to expand the mineable resource at Rio Tinto, which could support a throughput expansion or extend the operation’s mine life • The region is highly-prospective, being part of the world’s largest VMS system • Current reserves were base
Slide 17: Rio Tinto Upside Potential (2/2)
Rio Tinto Upside Potential (2/2) Cu Pb Zn Ag Au San Dionisio Section Copper Grades Historical Estimates Ore mmt % % % g/t g/t San Dionisio: 17.2 1.45 - - - - • Alfredo Stockwork San Dionisio: 45.0 0.88 - 2.20 26.0 0.4 • Massive Sulphide San Antonio 9.1 1.67 1.07 2.13 64.3 0.6 • Massive Sulphide 71.3
Slide 18: Conclusion
Conclusion Management team with proven track record and relevant skills to permit and build Rio Tinto Local government support and sound regulatory environment Low capital intensity re-start relative to greenfield projects Project funding strategy remains well-advanced Well-advanced permit
Slide 19: Appendix
Appendix 19
Slide 20: Experienced Board and Management
Experienced Board and Management Executive Directors Isaac Querub • Former Managing Director of Glencore Spain from (1990-2003) CEO & MD, EMED Mining • Extensive business interests in Spain ED, EMED Tartessus Alberto Lavandeira • Over 35 years’ experience operating and developing mining projects ED
Slide 21: Copper Market Forecasts
Copper Market Forecasts Copper Themes Spot Copper vs. Long-Term Analyst Consensus • Mining companies will continue to clamp down on their massive capital spending programmes and focus on raising productivity from existing Current Consensus Forecast assets and cost cutting programmes that were starte