AIC Mines Limited · ASX:A1M
AIC Mines — Investor Presentation (February 2024)
18 slides from AIC Mines's investor presentation, Feb 5, 2024
Slide 1: Investor Presentation February 2024
For personal use only Investor Presentation February 2024
Slide 2: Important information
Important information This presentation has been prepared by AIC Mines Limited (ABN 11060156452) (“the Company” or “AIC Mines”) to provide summary information about AIC Mines and its activities at the date of this presentation. The information contained in this presentation does not purport to be co
Slide 3: AIC Mines: Building a new Australian mid-tier copper and gold miner
AIC Mines Building a new Australian mid-tier copper and gold miner Lamil Project For personal use only Eloise Copper Windsor Mine Project Growth through exploration, development Cloncurry Pyramid and acquisition Project Marymia Cannington Project Project Building a team for long-term, repeatable suc
Slide 4: AIC Mines: growth-oriented Australian copper mining company
AIC Mines An experienced Board and Executive team A growth-oriented Australian copper building a new Australian mid-tier copper and gold miner through exploration, development mining company and acquisition For personal use only A1M Share Price1 $0.305 Shares on Issue 462.5M Board of Directors Marke
Slide 5: Eloise Copper Mine: Our foundational asset
Eloise Copper Mine Our foundational asset Acquired in November 2021. Over this period: For personal use only Eloise Resource Growth − Added 48,200t Cu to Mineral Resources1 – a 47% increase − Added 34,400t Cu to Ore Reserves1 – a 114% increase Exploration Success − Discovered Lens 6 – 34,200t Cu
Slide 6: Eloise Copper Mine production and cost metrics
Eloise Copper Mine September 2023 December 2023 Eloise Production and Cost Metrics Units 1H FY24 Quarter Quarter Underground development - capital m 655 437 1,092 Outlook Underground development - operating m 263 362 625 Total development m 918 799 1,716 Ore mined kt 165 180 344.882 Copper grade min
Slide 7: Jericho Copper Deposit: Transforming Eloise into a cornerstone asset
Jericho Copper Deposit Transforming Eloise into a cornerstone asset Jericho is a perfect fit with Eloise: For personal use only − Same mining method − Same processing method Development of Jericho transforms Eloise: − Expected economies of scale to reduce processing costs − Lower mining costs at
Slide 8: Jericho Copper Deposit: Pathway to 20,000tpa Cu production
Jericho Copper Deposit Pathway to 20,000tpa Cu production Mining is planned to ramp-up in two stages over 45 months to deliver a For personal use only sustainable ore production rate of 600,000tpa at a capital cost of approximately $59.0M. − Month 4 – boxcut completed − Month 16 – southern decline
Slide 9: Jericho Copper Deposit: Potential to increase production
Jericho Copper Deposit Potential to increase production Jericho remains open along strike and For personal use only at depth Excellent infill and extensional drilling1 results from the CY23 program – extended the known high-grade shoots and identified new high-grade shoots between the main Jumbu
Slide 10: Regional exploration
Regional exploration Potential to further increase production 2,000km2 tenement holding providing a strong pipeline of For personal use only targets to maintain our resource growth momentum. South – geophysical targets along strike south of Jericho (Clementine to St Louis) – over 10km of prospec
Slide 11: Sustainability
AIC Mines Sustainability For personal use only ESG is business as usual for AIC Mines. It drives Sustainability Strategy released June 2023 – a publicly and informs decision making around risk, strategy and accessible document outlining our approach to sustainability disclosures. We are committed to
Slide 12: Growth strategy
Growth strategy Building a portfolio of mines through exploration, development and acquisition For personal use only Cornerstone asset in the Mt Isa – Cloncurry region, one of the most significant copper producing regions in the world Targeting late-stage Australian copper and gold projects where we
Slide 13: Investment Proposition
Investment Proposition For personal use only Highly credentialed and heavily invested team Expansion underway to transform the Eloise copper mine into a cornerstone asset: • Annual production of +20,000t copper and +7,500oz gold in concentrate • Mine life of +10 years • Highly prospective 2,000km2 t
Slide 14: Appendix: Mineral Resources and Ore Reserves
For personal use only Appendix Mineral Resources and Ore Reserves 14
Slide 15: Eloise Mineral Resources and Ore Reserves
Eloise Mineral Resources and Ore Reserves Eloise Mineral Resources and Ore Reserves are reported and classified in accordance with the JORC Code (2012). Further information is provided in the ASX announcement released by AIC Mines “Significant Increase in Mineral Resources and Ore Reserves at Eloise
Slide 16: Updated Lens Mineral Resources and Ore Reserves
Updated Lens 6 Mineral Resources and Ore Reserves Lens 6 Mineral Resources and Ore Reserves are reported and classified in accordance with the JORC Code (2012). Further information is provided in the ASX announcement released by AIC Mines “Significant Increase in Lens 6 Mineral Resource and Ore Rese
Slide 17: Jericho Mineral Resources and Ore Reserves
Jericho Mineral Resources and Ore Reserves Jericho Mineral Resources and Ore Reserves are reported and classified in accordance with the JORC Code (2012). Further information is provided in the ASX announcements released by AIC Mines “Significant Increase in Jericho Mineral Resource” dated 30 Januar
Slide 18: Sandy Creek Mineral Resources
Sandy Creek Mineral Resources Sandy Creek Mineral Resources are reported and classified in accordance with the JORC Code (2012). The Sandy Creek Mineral Resource Estimate is reported above a 0.3% Cu cut-off. The Sandy Creek Mineral Resource comprises five mineralised zones, including Main and West Z