Aeris Resources Limited · ASX:AIS
Aeris Resources — 121 Mining Investment London (May 2022)
38 slides from Aeris Resources's conference presentation, May 24, 2022
Slide 1: 121 Mining Investment London
For personal use only 121 Mining Investment London 24 May 2022 Presented by : Andre Labuschagne
Slide 2: Important Information and disclaimer
Important Information and disclaimer For personal use only This investor presentation is dated 24 May 2022 and has been prepared by Aeris Resources Limited (“Aeris” or the “Company”). By attending an investor presentation or briefing, or accepting, accessing or reviewing this presentation, you ackno
Slide 3: Important Information and disclaimer
Important Information and disclaimer For personal use only Financial information All financial information set out in this presentation is expressed in Australian Dollars unless stated otherwise. Any pro-forma historical financial information contained in this presentation is provided for illustrati
Slide 4: Important Information and disclaimer
Important Information and disclaimer For personal use only Disclaimer To the maximum extent permitted by law, Aeris and each of its respective related bodies corporate, shareholders and affiliates, and each of their respective officers, directors, partners, employees, representatives, affiliates, ag
Slide 5: Transaction Summary & Highlights
For personal use only Transaction Summary & Highlights
Slide 6: A transformational acquisition, creating Australia's next mid-tier base and precious metals producer
A transformational acquisition, creating Australia’s next mid-tier base and precious metals producer For personal use only • Aeris to acquire Round Oak Minerals (“ROM”), an Australian-based copper and zinc producer, from Washington H. Soul Pattinson (“WHSP”) for $234 million1 ‒ Acquisition considera
Slide 7: Significantly increases scale and mine life, providing immediate uplift in cash flow
Significantly increases scale and mine life, providing immediate uplift in cash flow to establish a financial base to support growth For personal use only Consistent with stated strategy to acquire advanced base metals assets in Australia 1 “On strategy” for Aeris Upgrades asset portfolio qualit
Slide 8: Attractive and diversified commodity mix post Transaction
Attractive and diversified commodity mix post Transaction For personal use only Aeris Round Oak Aeris (pro forma) 15% 27% FY23 Production 36% by Commodity 35kt 28kt 56% 63kt 29% (kt CuEq)1 64% 13% 60% 11% 13% 19% Ore Reserves by Commodity 79kt 339kt 53% 29% 418kt 36% 58% (kt CuEq)1 81% 25% 13% 17% M
Slide 9: Diversified portfolio of four producing mines and a long life development asset
Diversified portfolio of four producing mines and a long life development asset with exploration upside across the portfolio For personal use only Mt Colin Mine (100%) Mine Type U/G Cu, Au FY22F Production (CuEq)1 9.7kt Cracow Operations (100%) FY23F Production (CuEq)1 12.5kt Mine Type U/G Au Mine L
Slide 10: Long mine life profile
Long mine life profile Multiple assets with proven track record of mine life extensions including two long life assets For personal use only Group mine life profile FY FY FY FY FY FY FY FY FY FY FY FY FY 22 23 24 25 26 27 28 29 30 31 32 33 34 8+ year mine life from known deposits 1 Tritton 8+ year
Slide 11: Material improvement in all metrics
Material improvement in all metrics For personal use only Mineral Resources (kt, CuEq)1 Ore Reserves (kt, CuEq)1 FY23F Production (kt, CuEq)1 1,094 418 63 219% 426% 81% 28 751 35 339 343 79 35 343 79 Pre-Transaction Post-Transaction Pre-Transaction Post-Transaction Pre-Transaction Post-Transaction M
Slide 12: Enhanced portfolio and scale improves investor relevance
Enhanced portfolio and scale improves investor relevance Aeris benchmarking against ASX listed peers indicates re-rating potential For personal use only FY23F Production (kt, CuEq)1, 2 Market capitalisation5 187 8,928 112 2,132 87 63 1,444 47 35 556 544 9 271 122 OZL SFR 29M AIS Pro Forma AMI AIS RV
Slide 13: Overview of Round Oak Minerals
For personal use only Overview of Round Oak Minerals
Slide 14: Jaguar Operations
Jaguar Operations High-quality asset producing zinc and copper concentrates, also containing significant precious metals credits Location of Jaguar Operations For personal use only Overview of Jaguar Operations Established underground zinc, copper and silver mines located 65km north of Leonora in
Slide 15: N-W Queensland Operations
N-W Queensland Operations Established copper production hub located in highly-endowed Mt Isa and Cloncurry regions For personal use only Asset Mt Colin Barbara Other Exploration Open pit completed Status Operating Exploration Underground study complete Hazel Creek, Central Key Deposits / Mt Colin Ba
Slide 16: Stockman – high grade, long-life development project
Stockman – high grade, long-life development project Attractive development operation targeting first production mid-FY25 For personal use only Stockman is a high-grade, polymetallic development project located near Indicative Production (kt, CuEq) 1,2 Omeo in North-Eastern Victoria 40 14.8Mt Mi
Slide 17: Update on Aeris
For personal use only Update on Aeris
Slide 18: Tritton Copper Operations
Tritton Copper Operations Established copper mine in highly prospective region For personal use only Established underground copper mines and 1.8 Mtpa processing plant in Tritton production profile (kt, Cu) 1 Western NSW – Operating since 2005 with >320kt Cu produced 30-33 Highly endowed region
Slide 19: Cracow Gold Operations
Cracow Gold Operations A high-grade, low-cost gold mine in Queensland, Australia with a proven operating history For personal use only Location 500km NW of Brisbane, Queensland Cracow production profile (koz) Ownership 100% Tenement Package 18 MLs + 3 EPMs covering 903km2 91 Orebody Low-sulphidation
Slide 20: Forward plan
Forward plan Aeris’ key focus is to upgrade mining inventory to extend production forecast and continued exploration to add mine life across portfolio For personal use only Current 8+ year mine life from known deposits Updated 4 year production forecast to FY25 increasing to 30ktpa Cu1 Group pro
Slide 21: Thank you
For personal use only Thank you
Slide 22: A. Mineral Resource and Ore Reserve Statements
For personal use only A. Mineral Resource and Ore Reserve Statements
Slide 23: Tritton Mineral Resource
Tritton Mineral Resource June 2021 For personal use only Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tritton Underground Avoca Tank Measured 3,500 1.3 45 0.1 11 3.6 400 Measured - - - - - - - Indicated 840 1.2 10 0.1 2
Slide 24: Tritton Mineral Resource
Tritton Mineral Resource December 2021 Budgerygar Deposit For personal use only Au metal Resource Category Tonnage (kt) Cu (%) Cu metal (kt) Au (g/t) Ag (g/t) Ag metal (koz) (koz) Measured - - - - - - - Indicated 720 1.7 12 0.4 10 10.3 240 Inferred 1,900 1.4 27 0.1 6 5.3 320 TOTAL 2,600 1.5 39 0.2 1
Slide 25: Tritton Mineral Resource
Tritton Mineral Resource December 2021 Constellation Deposit For personal use only Cut-off Cu Au Ag Mineralisation Resource Tonnage Cu Au Ag grade metal metal metal type category (kt) (%) (g/t) (g/t) (Cu%) (kt) (koz) (koz) Measured - - - - - - - Oxide Indicated 0.2 1,400 0.4 0.2 0.8 6 7 35 Inferred
Slide 26: Tritton Ore Reserve
Tritton Ore Reserve 2021 Tritton Tenement Package For personal use only June 2021 Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tritton Underground Proved 1,800 1.2 21 0.1 4 3.0 170 Probable 0 0.0 0 0.0 0 0.0 0 TOTAL 1,800 1.2 21 0.1 4 3.0 170 Murrawombie Underground Proved 0 0.0 0.
Slide 27: Cracow Mineral Resource and Ore Reserve
Cracow Mineral Resource and Ore Reserve For personal use only 2021 Mineral Resource Cracow Tenement Package 2021 Ore Reserve Cracow Tenement Package June 2021 June 2021 Tonnes (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tonnes (kt) Au (g/t) Au (koz) Cracow CRACOW Measured 200 9.1 59 5.7 37 Proved 172 4
Slide 28: Round Oak Mineral Resources
Round Oak Mineral Resources For personal use only Jaguar Operation at 1 May 2021 plus Dec 2021 Resources for Resource for Mt Colin (Northwest Queensland) Turbo and Bentayga Hanging Wall Resource Tonnes Copper Zinc Lead Silver Gold NSR_M Cu Zn Pb Ag Au Class (kt) (%) (%) (%) (g/t) (g/t) (A$/t) kt kt
Slide 29: Round Oak Ore Reserves
Round Oak Ore Reserves As at May 2021 For personal use only Operation Resource Tonnes NSR Zn Cu Au Ag Zn Cu Au Ag Class (kt) (A$/t) (%) (%) (g/t) (g/t) (kt) (kt) (kozs) (Mozs) Proved 301 316 8.2 1.3 1.1 130 24.7 3.9 10.6 1.3 Jaguar Probable 367 350 10.2 1.2 1.0 137 37.4 4.4 11.8 1.6 (Bentley) Subtot
Slide 30: Competent Persons Statement – Aeris assets
Competent Persons Statement – Aeris assets For personal use only Competent Person’s Statement – Aeris Mineral Resources Mr Cox confirms that he is the Competent Person for the Mineral Resource estimates in respect of Tritton and Cracow summarised in this Report and he has read and understood the req
Slide 31: Competent Persons Statement – Round Oak assets
Competent Persons Statement – Round Oak assets For personal use only Competent Person’s Statement – Mineral Resource (Bentley Deposit) The information contained in this report that relates to Mineral Resource Estimates for the Bentley, Turbo and Bentayga HW lenses within the Bentley Deposit is based
Slide 32: Competent Persons Statement – Round Oak assets (cont.)
Competent Persons Statement – Round Oak assets (cont.) For personal use only Competent Person’s Statement – Ore Reserves (Bentley Mine) The information contained in this report that relates to Ore Reserves for the Bentley Mine is based on information compiled by Mr Michael Leak in May 2021 (2021 Rep
Slide 33: B. Copper Equivalent Calculation
For personal use only B. Copper Equivalent Calculation
Slide 34: Copper equivalent calculation
Copper equivalent calculation For personal use only Copper Equivalent Calculation In this presentation, production is presented on a recovered CuEq metal produced basis and AISC costs are presented on a payable CuEq metal sold basis. Recovery Factors by Operation FY21 FY22 FY23 LOMP Recovered CuEq M
Slide 35: C. Material Assumptions for Exploration Targets
For personal use only C. Material Assumptions for Exploration Targets
Slide 36: Turbo Exploration Target at Jaguar Operation
Turbo Exploration Target at Jaguar Operation For personal use only Summary of Turbo Exploration Target lower Base Upper The exploration target is derived from modelling extensions of the known mineralisation outwards Tonnes (mt) 0.75 1 1.25 on 60m increments and applying variable widths between 5m a
Slide 37: Spectre Exploration Target at Jaguar Operation
Spectre Exploration Target at Jaguar Operation For personal use only Summary of the Spectre Exploration Target lower Mid Upper Current drill spacing is on a ~60m spacing and as clearly demonstrated elsewhere in the Bentley Tonnes (m) 0.25 0.5 0.75 mine this spacing can miss the massive sulphide mine
Slide 38: Competent Persons Statement – Exploration Targets
Competent Persons Statement – Exploration Targets For personal use only Competent Person’s Statement – Turbo and Spectre Exploration Targets David Potter confirms that he is the Competent Person for the Exploration Target in respect of the Turbo and Spectre Exploration Targets summarised in this Rep
Aeris Resources — 121 Mining Investment London (May 2022) on 6ix