Aeris Resources Limited · ASX:AIS
Aeris Resources — Energy Mines and Money - Brisbane 2018
26 slides from Aeris Resources's conference presentation, June 2018
Slide 1: Energy Mines and Money - Brisbane
Energy Mines and Money - Brisbane Producing Exploring Growing June 2018 Presented by: Andre Labuschagne ASX: AIS
Slide 2: Disclaimer
Disclaimer Forward-Looking Information Certain statements contained in this press release constitute forward-looking statements or forward-looking information. The words “intend”, “may”, “would”, “could”, “will”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, “target” and similar expressions
Slide 3: Company Snapshot
Company Snapshot Fay Neris
Slide 4: Unshackling of a mid-tier copper producer
Unshackling of a mid-tier copper producer • Aeris’ Management recently completed a 5-year operational and financial turnaround of the Company • Since arriving in January 2013, Management has Reduced debt levels from US$136M to US$49M 2013 Increased annual copper production by more than 50% $135M
Slide 5: Company snapshot
Company snapshot Capital Structure Board Shares on issue 280.2 million Andre Labuschagne Executive Chairman SCB Convertible Preference shares Michele Muscillo Director 93.4 million Total Shares fully diluted* 373.6 million Alastair Morrison Director Management options * 93.4 million Marcus Derwin Di
Slide 6: Core Assets
Core Assets Tritton Operations Copper producer Highly prospective tenement package in a proven copper district - with various producers and explorers in the region Torrens Project Greenfields exploration Anomaly larger than Olympic Dam Located close to three major deposits in a known IOCG
Slide 7: Producing
PRODUCING Tritton Copper Operations 7
Slide 8: Tritton Underground Mine
Tritton Underground Mine ― Baseload ore source – 1.1mtpa-1.2mtpa ― $10 million Ventilation Shaft - commissioned ― Remnant pillars (high grade) - in production ― Fleet renewal – ongoing ― Mineralisation extends at depth and along strike – brownfields exploration potential to extend mine life Minerali
Slide 9: Murrawombie Underground Mine
Murrawombie Underground Mine ― Development - commenced FY2017 ― Grade control drilling - improved understanding of geology and grades ― Higher grades - targeted for LOM ― Potential Upside - extensions at depth Mineralisation open at depth 9
Slide 10: 1.8mtpa Processing Plant
1.8mtpa Processing Plant ― Float cell replacement – delivering improved concentrate quality ― Further infrastructure upgrades – including crusher replacement Tritton tonnes milled 000’s 2,000 1,500 1,000 500 0 FY13 FY14 FY15 FY16 FY17 FY18F LOM ave 10
Slide 11: LOM plan (5+ years)
LOM plan (5+ years) ― Ore Reserves: 10.5mt @ 1.5% Cu * ― Mineral Resources: 21mt @ 1.5% Cu * Tritton Copper Production 40,000 ― 5 year reserve life 30,000 • 1.6 mtpa processed • Producing average 24ktpa 20,000 10,000 ― Feed from various projects with upside to extend from all: 0 • Tritton extensions
Slide 12: Tritton Tenement Package
Tritton Tenement Package (Brownfields and Greenfields Exploration) 12
Slide 13: Tritton tenement package
Tritton tenement package Brownfields Exploration within a highly endowed field Tritton Deposit Large mineralised system traced over 1.6km down plunge Deposit remains open down dip Mineral Resource 9.9Mt @ 1.6% Cu for 155kt Cu metal1 Murrawombie Deposit Multiple stacked sulphide lodes traced over 700
Slide 14: Tritton Greenfields target generation
Tritton Greenfields target generation • 750kt Cu metal discovered with 50km corridor • Extended prospective corridor by 60km (minimal exploration) • 6 EM conductors detected at top of tenement • High grade copper intersections at Kurrajong
Slide 15: Kurrajong prospect – Exciting results
Kurrajong prospect – Exciting results • Multiple high grade Cu intersections from latest drilling • TDK14 - [email protected]% • TDK15 - [email protected]% & [email protected]% • TDK16 intersected 50m sulphide mineralisation (awaiting results) • 3 new EM conductor plates identified • Further drilling underway • Now traced ov
Slide 16: Torrens Project - Aeris 70% (Greenfields Exploration)
Torrens Project - Aeris 70% (Greenfields Exploration) 16
Slide 17: Torrens Project
Torrens Project Gawler Craton – World class IOCG province Hosts 3 world class IOCG deposits Olympic Dam 10,100Mt @ 0.8% Cu & 0.3 g/t Au Prominent Hill 140Mt @ 1.2% Cu & 0.5 g/t Au Carrapateena 130Mt @ 1.5% Cu & 0.6 g/t Au 17
Slide 18: Torrens Project
Torrens Project Geophysical footprint larger than Olympic dam • Contains multiple gravity anomalies Torrens Project Gravity Olympic Dam Gravity Response 2 Response 1 • Largest gravity anomaly footprint 11km x 6.5km Olympic Dam – projected orebody outline • Olympic Dam gravity anomaly covers 6km x 3.
Slide 19: Torrens Project
Torrens Project The way forward – planned exploration • New updated regional airborne gravity survey completed - awaiting results • Drill program (FY19) – Conceptually ~10 geophysical targets identified to date – First pass drill campaign (~20-30 holes) – Planned drilling 700m to 1,500m below surfac
Slide 20: Summary
SUMMARY 20
Slide 21: Investment rationale - Poised for growth
Investment rationale - Poised for growth Production - Established copper producer (27kt guidance for FY18) Strong Foundations - Tritton Copper Operations performing with 5+ years Life of Mine Plan; exploration upside; and strengthened Balance Sheet Experienced Board and management team - Prove
Slide 22: Thank you
Thank you. CLEAR GROWTH OPPORTUNITIES « PROVEN TEAM ¢ SHARED VISION FAY f\eris Aeris Resources Limited EMAIL [email protected] TEL +61 7 3034 6200 Level 2, HQ South Tower, FAX +61 7 30346290 520 Wickham Street, Fortitude Valley 4006 QLD, Australia
Slide 23: Appendices
Appendices Fay Neris
Slide 24: Reported Mineral Resource
Reported Mineral Resource Tritton Tenement Package (30 June 20171) Measured Indicated Inferred Total Resource Cut‐off Project Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal (%Cu) (kt) (%) (kt) (kt) (%) (kt) (kt) (%) (kt) (kt) (%) (kt) Tritton 0.6
Slide 25: Reported Ore Reserve
Reported Ore Reserve Tritton Tenement Package (30 June 20171,2,3) Proven Probable Ore Reserve Cut‐off Project Type Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal Tonnes Cu grade Cu metal (%Cu) (kt) (%) (kt) (kt) (%) (kt) (kt) (%) (kt) Tritton Underground 1.1 & 1.5 3,000 1.7 51 2,200 1.4 31 5,200
Slide 26: Reported Mineral Resource
Reported Mineral Resource Other Projects (30 June 2017 1,2) Measured Indicated Inferred Cut‐off Project Tonnes Cu grade Au grade Cu metal Au metal Tonnes Cu grade Au grade Cu metal Au metal Tonnes Cu grade Au grade Cu metal Au metal (g/t Au) (kt) (%) (g/t) (kt) (koz) (kt) (%) (g/t) (kt) (koz) (kt) (
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