Aeris Resources Limited · ASX:AIS
Aeris Resources — Mining Resources Convention-Brisbane 2017
25 slides from Aeris Resources's conference presentation, Aug 30, 2017
Slide 1: Mining Resources Convention-Brisbane
Mining Resources For personal use only Convention-Brisbane Producing Exploring Growing 30 August 2017 Andre Labuschagne - Executive Chairman ASX: AIS
Slide 2: Disclaimer
Disclaimer For personal use only Forward-Looking Information Certain statements contained in this press release constitute forward-looking statements or forward-looking information. The words “intend”, “may”, “would”, “could”, “will”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, “target” a
Slide 3: Rebirth of a Mid-Tier Copper Producer
Rebirth of a Mid-Tier Copper Producer For personal use only • Aeris Resources Limited (ASX: AIS) is a copper producer in New South Wales • In FY 2018 Aeris forecast production of 27,000 tonnes of copper • Since early 2013, the current Aeris management team has been engaged in a comprehensive operati
Slide 4: Company Snapshot
Company Snapshot For personal use only Current Fully Board diluted Andre Labuschagne Executive Shares on issue 140.1m 934.1m* Chairman Share price 6.9c (28 Aug 17) 6.9c** Michele Muscillo Director Market Cap $9.7M $64.4M*** Alastair Morrison Director Marcus Derwin Director * Convertible preference s
Slide 5: Producing: Tritton Copper Operations
PRODUCING For personal use only TRITTON COPPER OPERATIONS 5
Slide 6: Tritton Operations overview
Tritton Operations overview •Proven producer with extensive exploration portfolio For personal use only Key Statistics Ownership: Aeris (100%) Location: Nyngan, NSW, Australia Commodity: Copper (Silver and Gold by-product) Product Type: Concentrate Overview Underground Mine Type: Long ho
Slide 7: Tritton
Tritton For personal use only ― Baseload ore source - >1mtpa ― $10M Ventilation Shaft being commissioned – allows production rates to be maintained above 1mtpa ― Mobile fleet renewal – ongoing ― Orebody extends at depth – brownfields exploration potential 7 * As at 30 June 2016
Slide 8: Murrawombie
Murrawombie For personal use only ― Development commenced FY17 – early issues resolved by change to bottom-up mining ― Production ramping up – full production rates achieved during FY18 ― Potential Upside – recently identified distinct higher grade zones which can be mined separately Focus on execut
Slide 9: 1.8mtpa Processing Plant
1.8mtpa Processing Plant For personal use only ― Float cell replacement – delivering Tritton Copper Production improved metallurgical performance 40,000 ― Further infrastructure upgrades planned for 30,000 FY18 20,000 10,000 0 FY13 FY14 FY15 FY16 FY17 FY18F FY17 Unit costs $A/lb 4.5 4 3.5 3.51 3 2.5
Slide 10: Pipeline of Mining Projects
Pipeline of Mining Projects For personal use only • Avoca Tank – high grade underground • Murrawombie Pit – cut-back of existing pit to access near-surface sulphide ore • Budgery – near surface sulphide & oxide ore accessible by open pit 9 10
Slide 11: Exploring & Growing
Exploring & Growing For personal use only - Brownfields Exploration - Greenfields Exploration - Mergers & Acquisitions 11
Slide 12: Brownfields Exploration
Brownfields Exploration For personal use only • Potential resource extensions Tritton Budgerygar and Murrawombie - open at depth • Near mine opportunity with Budgerygar Deposit – could mine from Tritton Tritton 12
Slide 13: Greenfields Exploration – Tritton
Greenfields Exploration – Tritton Tenement Package is a proven copper region For personal use only “Besshi” style VMS orebodies generally occur in clusters • Tritton region hosts “Besshi” style VMS deposits • Tritton tenement package >1,800km2 • Mining to date has been from Girilambone and Tritton c
Slide 14: Ramping-up Greenfields Exploration – early success
Ramping-up Greenfields Exploration – early success For personal use only • $7.5M greenfields exploration program kicked off in December 2016 • High Power Electromagnetic (MLTEM) survey - new technology able to “see” deeper Focused on the next +10Mt orebody (ie. Tritton sized orebodies) 50% compl
Slide 15: Regional Exploration Portfolio – Torrens Project
Regional Exploration Portfolio – Torrens Project For personal use only Torrens (South Australia) • 70/30 JV with Argonaut Resources NL • Large regionally significant coincident magnetic and gravity anomaly • Bigger footprint than Olympic dam • Getting closer to drill ready 15
Slide 16: Growth through M&A
Growth through M&A For personal use only • First – exploring options to improve Capital structure • Seeking to acquire additional assets through M&A • Focus on Base Metals (Copper and Zinc) and Gold • Preferred jurisdiction is Australia but will consider offshore based on potential risk and return •
Slide 17: Summary
For personal use only Summary 17
Slide 18: Investment Rationale: Poised for Growth
Investment Rationale: Poised for Growth For personal use only • Established and growing copper producer (27kt guidance for FY18) • Foundation set with Tritton Copper Operations performance and 5+ year Life of Mine Plan • Board and management team with a proven track record and clear vision and strat
Slide 19: Thank you
For personal use only Thank you 19
Slide 20: Appendices
For personal use only Appendices 20
Slide 21: Mineral Resource – Tritton Underground June 2016
Mineral Resource Tritton Underground June 2016 For personal use only June 2016 Tonnes (kt) Cu (%) Cu (kt) Tritton Underground Measured 3,850 1.9 73 Indicated 4,940 1.2 61 Total M + I 8,790 1.5 133 Inferred 1,960 1.2 24 TOTAL 10,750 1.5 157 Tritton Pillars (Recoverable) Measured ‐ ‐ ‐ Indicated 490 2
Slide 22: Tritton Mineral Resource excluding Tritton underground
Tritton Mineral Resource June 2016 - Excluding Tritton underground For personal use only June 2016 Tonnes (kt) Cu (%) Cu (kt) Tonnes (kt) Cu (%) Cu (kt) Budgery Murrawombie Measured ‐ ‐ ‐ Measured ‐ ‐ Indicated 1,740 1.1 19 Indicated 6,530 1.4 91 Total M + I 1,740 1.1 19 Total M + I 6,530 1.4 91 Inf
Slide 23: Mineral Resource – Other projects June 2016
Mineral Resource Other projects June 2016 For personal use only June 2016 Tonnes (kt) Cu (%) Au (g/t) Cu (kt) Au (koz) Drummond Basin ‐ Yandan Measured ‐ ‐ ‐ ‐ ‐ Indicated ‐ ‐ ‐ ‐ ‐ Total M + I ‐ ‐ ‐ ‐ ‐ Inferred 4,100 ‐ 2.4 ‐ 316 TOTAL 4,100 ‐ 2.4 ‐ 316 Blayney ‐ Discovery Ridge Measured ‐ ‐ ‐ ‐ ‐
Slide 24: Ore Reserve – Tritton Underground
Ore Reserve Tritton Underground June 2016 For personal use only June 2016 Tonnes (kt) Cu (%) Cu (kt) Tritton Underground Proved 3,580 1.7 61 Probable 2,790 1.4 39 TOTAL 6,370 1.6 100 24
Slide 25: Tritton Ore Reserve statement
Tritton Ore Reserve statement June 2016 excluding Tritton underground For personal use only June 2016 Tonnes (kt) Cu (%) Cu (kt) Murrawombie Underground Proved 0 0 Probable 3,350 1.4 46 TOTAL 3,350 1.4 46 Murrawombie Open Cut Proved 0 0 Probable 700 1.2 8 TOTAL 700 1.2 8 Avoca Tanks Proved 0 0 Proba
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