Aeris Resources Limited · ASX:AIS
Aeris Resources — Noosa Mining Conference 2020
26 slides from Aeris Resources's conference presentation, Jul 14, 2020
Slide 1: Transformational Acquisition - the new Aeris
For personal use only Transformational Acquisition - the new Aeris Noosa Mining Conference 15 July 2020 Presented by: Andre Labuschagne
Slide 2: Important notice and disclaimer
Important notice and disclaimer For personal use only This presentation may contain certain statements and projections provided by or on behalf of Aeris Resources Limited (“Aeris”) with respect to the anticipated future undertakings. These forward-looking statements reflect various assumptions by or
Slide 3: Compliance statements
Compliance statements For personal use only Tritton Copper Operations Production Targets Cautionary Statement The presentation includes references to a Production Plan (Production Targets) for the Company’s Tritton Copper Operations. The Production Targets referred to in this presentation are based
Slide 4: Transaction Summary
For personal use only Transaction Summary
Slide 5: Transaction summary
Transaction summary For personal use only Aeris Resources Limited (“Aeris” or the “Company”) acquired Evolution Mining Limited’s (“Evolution”) 100% interest in Cracow gold mine (“Cracow”, the “Transaction”) Acquisition also includes an extensive, highly prospective tenement package covering 903k
Slide 6: Corporate overview
Corporate overview For personal use only Aeris Resources Units Share price performance A$0.09 60.0 Share price (as at 10 July 2020) A$/sh 0.044 A$0.08 50.0 A$0.07 Fully diluted Shares on issue #m 1,966.7 A$0.06 40.0 Share Price (A$/share) Volume (m) A$0.05 Market cap A$m 86.5 30.0 A$0.04 (+) Debt *
Slide 7: Radically enhances Aeris' portfolio
Radically enhances Aeris’ portfolio For personal use only Cracow Gold production (koz)(1)(5) 89 90 Ownership 100% 81 82.5 – 87.5 70 – 75 Mine type U/G 57 – 62 Processing 570 ktpa CIP FY21F production(1) 70 – 75 koz Au 64 FY21F C1 cost(1) A$980/oz Au Au Reserves(2) 114 koz @ 5.8 g/t Au Resources(2) 3
Slide 8: Transaction Highlights
For personal use only Transaction Highlights
Slide 9: Consistent with strategy – an exceptionally strong fit
Consistent with strategy – an exceptionally strong fit For personal use only Aeris Resources Commodity Gold M&A strategy Tier 1 mining jurisdiction Location c.5 hours drive from Aeris’ head office Same time zone as Tritton copper operations in NSW Pursue strategic M&A opportunities to add
Slide 10: Next year plan
Next 2 year plan Deliver the robust cash flow profile For personal use only Cracow production profile (koz)(1)(2) 95 93 91 89 90 82.5 – 87.5 81 70 – 75 57 -62 64 FY14A FY15A FY16A FY17A FY18A FY19A FY20F FY21F FY22F Cracow net mine cash flow (A$m)(1)(2)(3) 84 – 89 63 – 68 41 41 42 – 47 33 37 36 30 5
Slide 11: Continued resource and reserve growth
Continued resource and reserve growth For personal use only Cracow has a strong history of replenishing reserves and resources which will be a key focus for Aeris to continue ─ Has produced more than 1.4 Moz of gold over its life since first production in 2004 ─ Depletion has generally been replac
Slide 12: The Aeris plan for Cracow
The Aeris plan for Cracow For personal use only Immediate priorities Medium term Longer term (next 2 years) (years 3 – 4) Deliver the mine plan Improve confidence / development Evaluate the exploration potential of ─ A$105m – A$115m net mine of identified brownfield developments the highly pro
Slide 13: Underground Extension Targets
Underground Extension Targets For personal use only Aim: By June 2022 drill test all currently identified near mine exploration target and conversion to Killarney Down Plunge Target Mineral Resource status Multiple drill ready targets identified peripheral to Killarney mineralised shoot current Mine
Slide 14: Tritton Copper Operations
For personal use only Tritton Copper Operations
Slide 15: Established copper mine in highly prospective region
Established copper mine in highly prospective region For personal use only Tritton Copper Operations First production in 2005 with >320 kt Cu produced to date Highly endowed tenement package >750 kt copper discovered on tenements to date Tritton is a >20 Mt copper dominant deposit Murrawom
Slide 16: Tritton – a consistent producer
Tritton – a consistent producer For personal use only Current management has a track record for achieving or Tritton production (kt) bettering production targets FY20 copper production of 25 kt – initial guidance was 30 30 23.5 - 24.5 kt 26 27 27 25 23 23 23.5-24.5 FY21 copper production guida
Slide 17: Tritton – year plan with potential to extend mine life
Tritton – 4 year plan with potential to extend mine life For personal use only Existing copper metal inventory: ─ Ore Reserve: 6.7 Mt @1.5% Cu(1) ─ Mineral Resource: 19.8 Mt @ 1.5% Cu(1) Four-year production plan(2) Potential to extend mine life: ─ Tritton and Murrawombie brownfields extension
Slide 18: Tritton – brownfields exploration (Tritton and Budgerygar)
Tritton – brownfields exploration (Tritton and Budgerygar) For personal use only Life of Mine extension opportunities at Tritton: Tritton at depth (high grade shoots) and North Wing ─ Exploration drilling in FY21 Corridor between Tritton and Budgerygar Budgerygar deposit: ─ Exploration drive f
Slide 19: Tritton – brownfields exploration (Murrawombie)
Tritton – brownfields exploration (Murrawombie) For personal use only Geologically performing better than expected Open at depth and to the North Recent grade control drilling hit good copper intersections outside of current Mineral Resource envelope Exploration drilling planned for FY21: ─
Slide 20: Summary
Summary For personal use only 1 Established, low risk, high grade gold mine in an attractive location A highly Accretive transaction which immediately delivers significant free cashflow compelling investment Favourable mine geology and highly prospective exploration package provides for opport
Slide 21: Please refer to announcement dated June 2020 for further information
Please refer to announcement dated 4 June 2020 for further information For personal use only
Slide 22: Appendix
For personal use only Appendix
Slide 23: Tritton – reported Mineral Resource
Tritton – reported Mineral Resource For personal use only Tritton tenement package (30 June 2019)(1)(2) Measured Indicated Inferred Total Resource Cut-off Project (%Cu) Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal (kt) (%) (kt) (kt) (%) (kt) (kt
Slide 24: Tritton – reported Ore Reserve
Tritton – reported Ore Reserve For personal use only Tritton tenement package (30 June 2019)(1)(2)(3)(4) Proven Probable Total Ore Reserves Cut-off Project Type (%Cu) Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal (kt) (%) (kt) (kt) (%) (kt) (kt) (%) (kt) Tritton Undergro
Slide 25: Cracow – Mineral Resource and Ore Reserve
Cracow – Mineral Resource and Ore Reserve For personal use only Cracow (31 December 2019)(1) Gold grade Tonnes (Mt) Gold metal (koz) (g/t) Ore Reserve Proven 0.39 5.95 74 Probable 0.21 5.67 38 Total 0.61 5.78 114 Mineral Resource Measured 0.33 7.99 84 Indicated 0.74 5.88 141 Inferred 1.48 2.54 121 T
Slide 26: Competent Persons statement
Competent Persons statement For personal use only Competent Persons statement Mr Cox confirms that he is the Competent Person for all the Mineral Resource and Exploration Target estimates summarised in this Report and he has read and understood the requirements of the 2012 Edition of the Australasia