Aeris Resources Limited · ASX:AIS
Aeris Resources — Mines and Money New York 2018
29 slides from Aeris Resources's conference presentation, May 9, 2018
Slide 1: Mines and Money New York
Mines and Money For personal use only New York Producing Exploring Growing May 2018 Presented by: Andre Labuschagne ASX: AIS
Slide 2: Disclaimer
Disclaimer For personal use only 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” a
Slide 3: Company Snapshot
For personal use only Company Snapshot
Slide 4: Unshackling of a mid-tier copper producer
Unshackling of a mid-tier copper producer For personal use only • 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
Slide 5: Company snapshot
Company snapshot For personal use only Capital Structure Board Shares on issue 280.2 million Andre Labuschagne Executive Chairman Options and Convertible Preference Michele Muscillo Director shares * 186.8 million Total Shares (Issued and Outstanding) 467.0 million Alastair Morrison Director Share p
Slide 6: Core Assets
Core Assets For personal use only 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 dep
Slide 7: Producing: Tritton Copper Operations
PRODUCING For personal use only Tritton Copper Operations 7
Slide 8: Tritton Operations overview
Tritton Operations overview Proven producer with extensive exploration portfolio For personal use only Key Statistics Ownership: Aeris (100%) Location: Nyngan, NSW, Australia Commodity: Copper (Silver and Gold by-product) Product Type: Concentrate Overview Underground Mine Type: Long hol
Slide 9: LOM plan (5+ years)
LOM plan (5+ years) For personal use only ― 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 • Tritton underground 0 • Murrawombie underground
Slide 10: Tritton Underground Mine
Tritton Underground Mine For personal use only ― 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 – brownfields exploration potential to extend mine life Min
Slide 11: Murrawombie Underground Mine
Murrawombie Underground Mine For personal use only ― 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 11
Slide 12: 1.8mtpa Processing Plant
1.8mtpa Processing Plant For personal use only ― 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 12
Slide 13: Exploring & Growing
EXPLORING & GROWING For personal use only - Brownfields Exploration - Greenfields Exploration - Mergers & Acquisitions 13
Slide 14: Exploration Projects
Exploration Projects For personal use only Exploration focused within two key areas Tritton Tenement Package Torrens Project • 6 exploration licences covering • Prospective for large IOCG type deposits ~1,800km2 of prospective ground in the mineral rich Gawler Craton which for base metal deposits ho
Slide 15: Tritton Tenement Package
For personal use only Tritton Tenement Package (Brownfields and Greenfields Exploration) 15
Slide 16: Tritton tenement package: Growth Strategy
Tritton tenement package Growth Strategy For personal use only • Proven exploration model – 48Mt Mineral Resource discovered within 250m from surface – Contained within <50% of prospective corridor • Current exploration strategy is focused on: • Brownfields exploration • Greenfields exploration – ap
Slide 17: Brownfields Exploration within a highly endowed field
Tritton tenement package Brownfields Exploration within a highly endowed field For personal use only 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
Slide 18: Greenfields Exploration 2017 - 2019
Tritton tenement package Greenfields Exploration 2017 - 2019 For personal use only • High power EM (MLTEM) surveys over Budgery and Kurrajong corridors (detect mineralisation to 500m) – 90% complete, multiple EM conductors detected – Kurrajong prospect remains priority target (detected mineralisatio
Slide 19: Torrens Project - Aeris 70%
For personal use only Torrens Project - Aeris 70% (Greenfields Exploration) 19
Slide 20: Torrens Project: Gawler Craton
Torrens Project Gawler Craton – World class IOCG province For personal use only • The Gawler Craton covers ~440,000km2 of central South Australia • Along the eastern margin the Olympic IOCG corridor is prospective for IOCG type deposits Hosts 3 world class IOCG deposits Olympic Dam 10,100Mt @ 0.8% C
Slide 21: Torrens Geophysical Footprint
Torrens Project Torrens Geophysical Footprint For personal use only • Torrens Project contains multiple gravity anomalies • Largest gravity anomaly Torrens Project Gravity Olympic Dam Gravity Response 2 footprint 11km x 6.5km Response 1 • Olympic Dam gravity Olympic Dam – projected anomaly covers a
Slide 22: The way forward – planned exploration
Torrens Project The way forward – planned exploration For personal use only • Regional airborne gravity survey completed - awaiting results – Acquire a high quality & detailed dataset quickly without requiring ground access – updating previous gravity surveys – Assist with interpreting underlying ge
Slide 23: Summary
For personal use only SUMMARY 23
Slide 24: Investment rationale: Poised for growth
Investment rationale: Poised for growth For personal use only 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 ma
Slide 25: Thank you
For personal use only Thank you
Slide 26: Appendices
For personal use only Appendices 26
Slide 27: Reported Mineral Resource
Reported Mineral Resource Tritton Tenement Package (30 June 20171) For personal use only 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)
Slide 28: Reported Ore Reserve
Reported Ore Reserve Tritton Tenement Package (30 June 20171,2,3) For personal use only 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
Slide 29: Reported Mineral Resource: Other Projects
Reported Mineral Resource Other Projects (30 June 2017 1,2) For personal use only 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) (%) (