Aeris Resources Limited · ASX:AIS
Aeris Resources — Shareholder Meeting (November 2020)
31 slides from Aeris Resources's shareholder meeting presentation, Nov 26, 2020
Slide 1: Maintaining the Momentum - Annual General Meeting
For personal use only Maintaining the Momentum Annual General Meeting 26 November 2020
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 o
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: Company snapshot
Company snapshot For personal use only ASX Code AIS Market capitalisation Cracow Gold Operations A$142m (fully diluted)1 Ownership 100% Mine type U/G Enterprise Value Processing 570 ktpa CIP (fully diluted)1 A$170m FY21F Production 70 – 75 koz Au FY21F AISC A$1,525/oz-A$1,575/oz Net debt2 A$28m Au R
Slide 5: Aeris' corporate history
Aeris’ corporate history Following years of restructuring, Aeris is now primed to deliver high impact growth For personal use only Phase 3: Growth execution Phase 2: Position for Growth FY13 Q1 FY21 (2018 – 2020) Acquisition of Cracow Balance sheet strength restored Phase 1: Pivot to active gr
Slide 6: Cracow Gold Operations
For personal use only Cracow Gold Operations
Slide 7: Cracow Gold Operations
Cracow Gold Operations A highly cash flow generative mine which is transforming the company For personal use only A high grade, low cost gold mine in Queensland, Australia with a proven operating history Acquired from Evolution Mining in July 2020: ─ A$60m cash paid at completion ─ A deferred ca
Slide 8: Cracow - first months of ownership - exceeding our expectations
Cracow - first 4 months of ownership - exceeding our expectations For personal use only Integration Well capitalised asset - no asset integrity issues emerged since taking ownership New management team in place Skilled and stable workforce – low turnover Teams well aligned with Aeris strateg
Slide 9: Immediate priorities for Cracow
Immediate priorities for Cracow For personal use only FY21 Guidance - 70koz to 75koz Au @ AISC A$1,525 – A$1,575/oz Operational Repay A$30m Acquisition Debt Facility by end FY21 Delivery Maximising cashflows (~A$280m in available tax losses) Improve mine and mill productivity – processing pl
Slide 10: Cracow - a prolific goldfield - re-invigorating exploration
Cracow – a prolific goldfield – Aeris re-invigorating exploration For personal use only Strong history of replenishing reserves and resources - remains a key focus for Aeris Cracow has produced more than 1.4 Moz of gold over its life since first production in 2004 Depletion consistently replac
Slide 11: Rebuilding the Life Of Mine Plan - targeting +5 Years
Rebuilding the Life Of Mine Plan – targeting a horizon of +5 Years Site Team challenged to develop a rolling 4 year plan from UG operations For personal use only Explore around current and old workings - 1 U/G drill rig operating and another on the way Challenge all current paradigms - break all
Slide 12: Cracow near mine exploration - Roses Pride drilling delivers gold
Cracow near mine exploration - Roses Pride drilling delivers gold For personal use only First drilling campaign already completed +400m strike length 44 of 48 drill holes intersected gold, including: ─ RPS003 19.0m @ 5.5 g/t Au (true width 10.1 m) ─ RPS025 15.0m @ 4.1 g/t Au (true width 6.1m) ─
Slide 13: Cracow near mine exploration - Klondyke / Royal
Cracow near mine exploration – Klondyke / Royal For personal use only Klondyke and Royal Deposits Klondyke / Royal • Recent shallow drilling indicates potential. Drill results include: ― KDS002 7.0m @ 11.6 g/t Au (true width 3.3m) ― KDS003 3.0m @ 3.1 g/t Au (true width 1.7m) ― KDS017 4.0m @ 2.9 g/t
Slide 14: Cracow near mine exploration - Golden Plateau
Cracow near mine exploration – Golden Plateau For personal use only • ~850koz previously mined from Gold Plateau – both open pit and underground • Large mineralised system which remains open down plunge • Currently validating historical workings and drill hole database • Planned drill program testin
Slide 15: Exploring in new spaces - looking for the next big discovery
Exploring in new spaces – looking for the next big discovery For personal use only Ballymore ─ Recently identified structure along southern margin of the current mining footprint ─ Limited drilling returned encouraging results: ─ Evidence of epithermal vein textures ─ Anomalous pathfinder elements
Slide 16: Tritton Copper Operations
For personal use only Tritton Copper Operations
Slide 17: Tritton Copper Operations - A consistent producer with upside
Tritton Copper Operations A consistent producer with upside For personal use only Established underground copper mine and 1.8 Mtpa processing plant in Western NSW, Australia ─ Operating since 2005 with >320 kt Cu produced Highly endowed region and tenement package ─ Nearby mines include CSA (Gle
Slide 18: Tritton Life of Mine Plan
Tritton Life of Mine Plan (LOM) 4 year LOM with multiple options to extend For personal use only Aggressive focus on extending mine plan from: Tritton and Murrawombie extensions Developing Budgerygar via access from Tritton Prioritizing higher grade Avoca Tank U/G into production Potential O
Slide 19: Tritton - brownfields exploration (Tritton and Budgerygar)
Tritton – brownfields exploration (Tritton and Budgerygar) For personal use only Life of Mine extension opportunities Tritton Deposit: ― Mineralisation open at depth • Commenced drill program testing down plunge potential ― South Wing – adjacent to Tritton orebody – further drilling planned Corridor
Slide 20: Murrawombie - brownfields exploration
Murrawombie – brownfields exploration For personal use only Geologically performing better than expected Minerailsation open at depth and to the north Recent drilling continues to intersect high grade mineralisation, including: ─ 14.60m @ 2.43% copper (true thickness approx. 7.8m) MWGC514; and
Slide 21: Greenfields Exploration Activities in FY21
Greenfields Exploration Activities in FY21 For personal use only Anomaly K • Bedrock conductor identified initially from an airborne EM survey • Anomaly extended beyond tenement boundary – additional tenement granted in June quarter • Ground based EM recently completed and confirmed anomaly (approx.
Slide 22: Torrens JV
Torrens JV For personal use only Aeris holds a 70% interest and is manager of the Torrens Project through a JV with Argonaut Resources NL Torrens located on Eastern Gawler Craton IOCG corridor in South Australia, which hosts several large scale deposits and world class copper-gold operations: ─
Slide 23: An exciting path forward with multiple value catalysts in FY21
An exciting path forward with multiple value catalysts in FY21 For personal use only Potential Catalysts FY21 Quarter 2 FY21 Quarter 3 FY21 Quarter 4 NW Corridor Sterling Exploration Drilling at Cracow Roses Pride Deeps Kenneth Ballymore Tritton Deeps Exploration Drilling at Tritton Anomaly K Avoca
Slide 24: Summary
For personal use only Summary
Slide 25: What makes Aeris different?
What makes Aeris different? For personal use only Proven team with a consistent Financially robust, rapidly track record deleveraging A unique platform to Diversified, strong free cash consolidate the landscape generation where others cannot 29 79 Favourable gold / copper Primed to unlock value Cu A
Slide 26: Thank You
For personal use only Thank You
Slide 27: Appendix
For personal use only Appendix
Slide 28: Tritton - reported Mineral Resource
Tritton – reported Mineral Resource For personal use only Tritton tenement package (30 June 2020)(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 29: Tritton - reported Ore Reserve
Tritton – reported Ore Reserve For personal use only Tritton tenement package (30 June 2020)(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 30: Cracow - Mineral Resource and Ore Reserve
Cracow – Mineral Resource and Ore Reserve For personal use only Cracow (30 June 2020)(1) Gold grade Tonnes (Mt) Gold metal (koz) (g/t) Ore Reserve Proven 0.28 5.2 46 Probable 0.27 4.9 43 Total 0.55 5.1 89 Mineral Resource Measured 0.20 7.8 53 Indicated 0.69 5.9 130 Inferred 1.40 2.6 120 Total 2.30 4
Slide 31: 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
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