AIC Mines Limited · ASX:A1M
AIC Mines — Ord Minnett East Coast Mining Conference (March 2023)
22 slides from AIC Mines's conference presentation, Mar 22, 2023
Slide 1: One of only a small number of ASX-listed copper producers
For personal use only One of only a small number of ASX-listed copper producers Ord Minnett East Coast Mining Conference Michael Frame CFO 22 March 2023
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 For personal use only presentation doe
Slide 3: Corporate structure
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 exploration, development and Share Price1 $0.40 acquisition Shares on Issue2 462.2M Board of Directors Market Capitalisation $184.9M Cash3
Slide 4: Eloise Copper Mine: Our flagship project
Eloise Copper Mine Our flagship project For personal use only Eloise is a high-grade underground mine that has been in production since 1996. Current ore production capacity of approximately 650,000tpa delivering 12,500t Cu and 6,000oz Au in concentrate per annum. Eloise reserves1 of 1.5Mt gra
Slide 5: Eloise Copper Mine: Expansion opportunities
Eloise Copper Mine Expansion opportunities For personal use only AIC Mines acquired Eloise on 1 November 2021 We could see that we could add value through exploration success, resource growth, operational reliability and regional consolidation. We saw a clear opportunity to increase production
Slide 6: Jericho Deposit: Transforming Eloise into a cornerstone asset
Jericho Deposit Transforming Eloise into a cornerstone asset For personal use only Jericho is a perfect fit with Eloise – it has similar host rocks and mineralisation to Eloise − Same mining method − Same processing method Development of Jericho transforms Eloise into a cornerstone asset: − Incr
Slide 7: Jericho Deposit: Significant resource – open at depth
Jericho Deposit Significant resource – open at depth For personal use only Jericho hosts a resource1 of 9.8Mt grading 1.8% Cu and 0.4g/t Au (180,000t Cu and 110,600oz Au). Open along strike and at depth Relatively shallow – commencing at 50m below surface and extends to a vertical depth of 550
Slide 8: 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 725ktpa to 1.0 – 1.4Mtpa boxcut and northern decline to access higher grade Mati
Slide 9: 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 10: Eloise Production and Near-term Production Outlook
Eloise Copper Mine Eloise Production and Near-term 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 H2 CY22 production impacted by truck availability and Copper grade mined % 2.04 2.25 1.75 1.98 2.01 ag
Slide 11: Eloise Copper Mine: Significant exploration upside
Eloise Copper Mine Significant exploration upside For personal use only AIC’s exploration strategy for Eloise is targeting both extensions to the known resource areas and the discovery of new deposits. The search for new deposits has numerous target areas: − West Corridor Macy North Emerson
Slide 12: Eloise Copper Mine: Lens discovery
Eloise Copper Mine Lens 6 discovery For personal use only Exploration drilling in late 2022 into an under-explored area northeast of the Deeps lodes returned significant grades and widths indicative of a new high-grade lode system – Lens 6 Significant intercepts include1: − ED226 – 27.6m (20.7m
Slide 13: Regional exploration: 2,000km2 tenement holding
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: A 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: Growth strategy: A disciplined acquisition 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 16: 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 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: Appendix
For personal use only Appendix Eloise Overview Mineral Resources and Ore Reserves 18
Slide 19: 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 20: 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 21: 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 22: 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
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