AIC Mines Limited · ASX:A1M
AIC Mines — Investor Presentation (September 2024)
26 slides from AIC Mines's investor presentation, Sep 12, 2024
Slide 1: Stakeholder Presentation
For personal use only Stakeholder Presentation 12 September 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
AIC Mines An experienced Board and Executive team A growth-oriented Australian copper building a new Australian mid-tier copper and mining company gold miner through exploration, development and acquisition For personal use only A1M Share Price1 $0.31 Shares on Issue 575.7M Board of Directors Market
Slide 4: Building a new Australian mid-tier copper and gold miner
AIC Mines Building a new Australian mid-tier copper and gold miner Cloncurry North Project For personal use only Lamil Windsor Project Eloise Project Copper Mine Growth through exploration, development and Cloncurry Pyramid acquisition Project Marymia Cannington Project Building a team for long-term
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 89,250t Cu to Mineral Resources1 – a 136% increase − Added 27,800t Cu to Ore Reserves1 – a 92% increase Exploration Success − Discovered Lens 6 Operationa
Slide 6: Eloise Copper Mine – Our foundational asset
Eloise Copper Mine Our foundational asset FY25 production target1 is 12,500t Cu and 5,000oz Au in For personal use only concentrate at an AISC of A$5.25/lb Cu and AIC of A$5.50/lb Cu Eloise Mineral Resource2 is 6.2Mt grading 2.5% Cu and 0.7g/t Au containing 154,750t of copper and 135,250oz of go
Slide 7: Jericho Copper Deposit – Pathway to 20,000tpa Cu production
Jericho Copper Deposit Pathway to 20,000tpa Cu production Development of Jericho transforms Eloise: For personal use only − Increases production to over 20,000tpa Cu in concentrate − Expected economies of scale to reduce processing costs − Lower mining costs at Jericho due to shallower ore − Addit
Slide 8: Jericho Copper Deposit – Pathway to 20,000tpa Cu production
Jericho Copper Deposit Pathway to 20,000tpa Cu production Jericho will be accessed via a 3.0km link drive from the Eloise decline For personal use only − Lower potential impact on environment and local stakeholders − Excavation immediately in competent rock − Lower mine operating cost − Allows for
Slide 9: Eloise Plant Expansion
Eloise Plant Expansion Detailed design work underway Simple processing plant expansion to For personal use only 1.1Mtpa from current 725,000tpa capacity Capital cost of plant expansion is estimated at $60M over 36 months The expansion is expected to be funded through cashflow and debt − Strong
Slide 10: Our culture is based on responsibility, efficiency and transparency
For personal use only Our culture is based on responsibility, efficiency and transparency We are committed to creating a diverse and inclusive workplace where everyone feels safe, valued and supported 10
Slide 11: Respectful engagement with community and stakeholders
For personal use only We are committed to respectful engagement, and active communication, with community and other stakeholders regarding our business activities and potential impacts, seeking honest and open relationships built on integrity, cooperation, listening and trust 11
Slide 12: Robust governance, ethical business practices and transparency
For personal use only We are committed to robust governance, ethical business practices and transparency through public reporting and compliance with applicable laws and regulations Sustainability Strategy released June 2023 Sustainability Report to be released with FY24 Annual Report in October 202
Slide 13: Operations Summary
Operations Summary Eloise Copper Mine – reliable copper production from a high-grade, long-life asset For personal use only FY24 guidance achieved Resource extension and near-mine discoveries being achieved and incorporated into mine plan Significant increases in Mineral Resources and Ore Re
Slide 14: Exploration – Eloise Regional
For personal use only Exploration – Eloise Regional Michael Taylor EGM – Exploration
Slide 15: Eloise Regional Project
Eloise Regional Project Highly prospective package For personal use only 2,000km2 tenement holding in a world-class endowed region Quality portfolio of targets ‘Hub and Spoke’ strategy Renowned for high-grade copper deposits amenable for both open pit and underground mining Commitment in F
Slide 16: Eloise District History
Eloise District History Discovery Factors 1985-1993 1994-2002 2003-2012 2013-2018 2021 DRM For personal use only BHP Amalg Breakaway Minotaur/OZ/SFR AIC Minotaur acquires Maiden resource Numerous Amalg merges with Breakaway at Jericho discoveries including: Eloise commenced Breakaway Artemis Discove
Slide 17: Exploration Strategy
Exploration Strategy Focus on transformational discoveries Searching for: For personal use only Higher-grade deposits (>2% Cu) Large deposits (>20Mt) to warrant further expansion to the Eloise processing capacity Growth Priorities: Near-mine for extensional resource growth Re-evaluating
Slide 18: Eloise Near-Mine Exploration
Eloise Near-Mine Exploration Improving discovery rate and cost For personal use only In-Mine Loop is proving to be an effective tool to discover additional lenses A single exploration hole can now screen a considerable area Proven effectiveness at Lens 6 extension Replicate tactic to explore
Slide 19: Resource Growth – Jericho
Resource Growth – Jericho Recognition of vertical extent of deposits For personal use only Note: See Appendix for the Mineral Resource and Ore Reserve tables – also available to view on our website: www.aicmines.com.au 19
Slide 20: Advanced Targets – Sandy Creek
Advanced Targets – Sandy Creek Understanding structural controls Historical Resource AIC Mines Resource and 2024 Diamond Holes For personal use only See ASX announcement titled ‘High-Grade Copper Results Returned from Sandy Creek’ released on 24 July 2024 for the most 20 recent Sandy Creek results –
Slide 21: Innovation – New tools for new discoveries
Innovation New tools for new discoveries Fleet Space Technologies’ 3D satellite connected MT Receiver node Elemental map of sulphide mineralisation (L) and ANT node corresponding core photo (R) For personal use only Audio-Frequency Magnetotelluric Ambient Noise Tomography (ANT) MAIA X-Ray Imaging of
Slide 22: Expanding Cloncurry Region Footprint
Expanding Cloncurry Region Footprint Exploring a worldclass base metal province Expanding our footprint in the worldclass Mt Isa – For personal use only Cloncurry region Cannington Project: Base metal prospective package Black Rock at the follow-up drill stage – anomalous Cu associated with
Slide 23: Summary
Summary Growth through exploration for a long-term outlook For personal use only Exploration focused on a transformational discovery photo ‘Hub and Spoke’ strategy Commitment to increased expenditure to address the copper-driven future of global energy Innovation in geoscience to find our
Slide 24: Appendix – Mineral Resources and Ore Reserves
For personal use only Appendix Mineral Resources and Ore Reserves 24
Slide 25: Eloise Project Mineral Resources
Eloise Project Mineral Resources For full details of Eloise, Sandy Creek and Artemis Mineral Resources see AIC Mines ASX announcement “Increased Resources and Reserves at Eloise, Sandy Creek and Artemis” dated 18 April 2024. The Competent Persons are Mr Matthew Thomas (Eloise Mineral For personal us
Slide 26: Eloise Project Ore Reserves
Eloise Project Ore Reserves For full details of Eloise Ore Reserves see AIC Mines ASX announcement “Increased Resources and Reserves at Eloise, Sandy Creek and Artemis” dated 18 April 2024. The Competent Person for the Eloise Ore Reserves is Mr Randy Lition. For personal use only For full details of