Aic Mines Limited · ASX:A1M
Aic Mines — Investor Presentation (February 2023)
33 slides from Aic Mines's investor presentation, Feb 6, 2023
Slide 1: Equity Raising Presentation
For personal use only Equity Raising Presentation Staged Expansion of Eloise Begins 6 February 2023
Slide 2: Important information
Important information Not for release to US wire services or distribution in the United States. For personal use only This presentation is dated 6 February 2023 and has been prepared by AIC Mines Limited (ABN 11060156452) (“the Company” or “AIC Mines”) in relation to its proposed Equity Raising. Thi
Slide 3: Important information: Investment risk
Important information Investment risk For personal use only There are a number of risks specific to the Offer and AIC Mines, and a number of general risks, which may affect the future operating and financial performance of AIC Mines and the value of an investment in AIC Mines including and not limit
Slide 4: Key Highlights
Key Highlights Early funding to commence staged expansion at Eloise For personal use only Equity Raising Rationale Use of funds Equity Raising proceeds to be applied to the accelerate the Sources of Funds A$M staged expansion of Eloise to increase annual production towards +20,000t Cu and +10,000o
Slide 5: Equity Raising Overview
Equity Raising Overview Early funding to commence staged expansion at Eloise For personal use only • AIC Mines is pleased to announce the launch of an equity raising of up to A$30.0 million of new fully paid ordinary shares in the Company (“New Shares”) via a two-tranche institutional placement comp
Slide 6: Indicative Timetable
Indicative Timetable For personal use only Event Date Trading Halt, announcement of Equity Raising and Placement opens Monday, 6 February 2023 Trading halt lifted and announcement of completion of Placement Wednesday, 8 February 2023 Settlement of New Shares issued under Tranche 1 of the Placement W
Slide 7: Corporate structure and Board
AIC Mines An experienced Board and Management Corporate structure team building a new Australian mid-tier For personal use only copper and gold miner through A1M Current (Pre-Raise) Pro-Forma exploration, development and Share Price1 $0.49 $0.49 acquisition Shares on Issue 395.6M 462.2M Market Capit
Slide 8: Eloise Copper Mine
Eloise Copper Mine AIC Mines’ Flagship Project For personal use only A high-grade underground mine with a 26-year operating history − Acquired by AIC Mines on 1 November 2021 − A transformative transaction − AIC now one of only a small number of ASX-listed junior/mid-tier copper-gold producers C
Slide 9: Jericho Deposit
Jericho Deposit Transforming Eloise into a cornerstone asset For personal use only Development of the new Jericho deposit transforms Eloise into a cornerstone asset: − Increases annual production to over 20,000t Cu and 10,000oz Au in concentrate − Lower mining costs at Jericho due to shallower ore
Slide 10: Jericho Development and Eloise Expansion
Jericho Development and Eloise Expansion For personal use only Jericho Mine Development Eloise Processing Plant Expansion Jericho underground mine development consisting initially of Considering plant expansion from 750ktpa to 1.0 – 1.4Mtpa boxcut and northern decline to access higher grade Mati
Slide 11: Jericho development and Eloise expansion timeline
Jericho development and Eloise expansion Timeline For personal use only CY 2023 CY 2024 Mining and environmental approvals Mining and environmental approvals Plant optimisation study Plant study Mining studies Mining studies Plant engineering and design Engineering and design Plant & infrastructure
Slide 12: Eloise Production and Production Outlook
Eloise Copper Mine Eloise Production and Production Outlook Units Mar 22 Qtr Jun 22 Qtr Sep 22 Qtr Dec 22 Qtr CY2022A Cost Metrics Ore Mined kt 114 156 150 131 551 For personal use only Current production capacity of approximately 12,500t Cu and Copper grade mined % 2.04 2.25 1.75 1.98 2.01 6,000o
Slide 13: Regional exploration
Regional exploration 2,000km2 tenement holding For personal use only Highly prospective tenement holding previously explored by OZ Minerals and Sandfire Exploration through a “hub and spoke lens” is expected to add resources Sandy Creek deposit1 – hosts a near-surface historic Inferred Resourc
Slide 14: AIC Mines: growth-oriented Australian copper mining company
AIC Mines A growth-oriented Australian copper mining company For personal use only Lamil Project Eloise Copper Windsor Mine Project Building a portfolio of mines through Cloncurry exploration, development and acquisition Pyramid Project Marymia Cannington Project Project Cornerstone asset in the Mt
Slide 15: Sustainability
AIC Mines Sustainability For personal use only Consentium1 recently appointed to assist AIC Mines to draft a ESG is business as usual for AIC Mines. It drives full Sustainability Plan. The plan will be a publicly accessible and informs risk, strategy and disclosures. document outlining the company’s
Slide 16: Growth strategy
Growth strategy A disciplined acquisition strategy For personal use only Building a portfolio of mines through exploration, development and acquisition Targeting late-stage Australian gold and copper projects where we can add value through exploration and development Any acquisition we make must
Slide 17: Investment Thesis
Investment Thesis For personal use only Highly credentialed and heavily invested team Expansion to transform Eloise into a cornerstone asset: • Annual production of +20,000t copper and +10,000oz gold in concentrate • Mine life of +10 years • Highly prospective 2,000km2 tenement holding A new growth-
Slide 18: Risk Factors
For personal use only Risk Factors 18
Slide 19: Key Risks
Key Risks There are various risks associated with an investment in New Shares or AIC Mines generally, as with any securities market investment. For personal use only The Directors of AIC Mines aim to manage these risks by carefully planning the Company’s activities and implementing risk control meas
Slide 20: Key Risks (cont.)
Key Risks Cont. For personal use only Additional Requirements for Capital Any additional equity financing may be dilutive to the Company's existing Shareholders. The Company's failure to raise capital if and when needed could delay or suspend the Company's business strategy and activities. Infrastru
Slide 21: Key Risks (cont.)
Key Risks Cont. For personal use only Uncertainty of Development Risk AIC Mines development of Eloise and Jericho will require the undertaking of Environmental, Heritage, Resource, Mining, Geotechnical, Metallurgical, Plant and Non-Plant Infrastructure, Operational and Capital cost studies) (“Studie
Slide 22: Key Risks: general risks
Key Risks An investment in the Company’s shares is subject to a range of general risks applicable to all investments in listed securities. These include the general risk factors set out below. For personal use only Share Market Risk The market price of listed securities can be expected to rise and f
Slide 23: Offer Jurisdictions
For personal use only Offer Jurisdictions 23
Slide 24: Offer Jurisdictions
Offer Jurisdictions International Offer Restrictions For personal use only This presentation does not constitute an offer of New Shares of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not be o
Slide 25: Offer Jurisdictions: Singapore
Offer Jurisdictions Singapore For personal use only This document and any other materials relating to the New Shares have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this document and any other document or materi
Slide 26: Offer Jurisdictions: European Union, Switzerland
Offer Jurisdictions European Union For personal use only This document has not been, and will not be, registered with or approved by any securities regulator in the European Union. Accordingly, this document may not be made available, nor may the New Shares be offered for sale, in the European Union
Slide 27: Appendix: Eloise Overview, Mineral Resources and Ore Reserves
For personal use only Appendix Eloise Overview Mineral Resources and Ore Reserves 27
Slide 28: Eloise Copper Mine Overview
Eloise Copper Mine Overview For personal use only Location 60km SE of Cloncurry and 155km ESE of Mt Isa Tenements Mining leases covering 505.9 ha Mineralisation Iron Sulphide Copper Gold (ISCG). Mineral Resources 115,000t Cu and 100,100oz Au Ore Reserves 36,000t Cu and 32,600oz Au Since commencement
Slide 29: 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). For personal use only Further information is provided in the ASX announcement released by AIC Mines “Increase in Mineral Resources and Ore Reserves
Slide 30: Jericho Mineral Resources
Jericho Mineral Resources Jericho Mineral Resources are reported and classified in accordance with the JORC Code (2012). For personal use only Further information is provided in the ASX announcement released by AIC Mines “Jericho Mineral Resource” dated 6 February 2023. The Jericho Mineral Resource
Slide 31: Jericho Mineral Resources
Jericho Mineral Resources For personal use only 31
Slide 32: Jericho Mineral Resources
Jericho Mineral Resources For personal use only 32
Slide 33: Sandy Creek Mineral Resources
Sandy Creek Mineral Resources Sandy Creek Mineral Resources are reported and classified in accordance with the JORC Code (2012). For personal use only The Sandy Creek Mineral Resource Estimate is reported above a 0.3% Cu cut-off. The Sandy Creek Mineral Resource comprises five mineralised zones, inc