Aeris Resources Limited · ASX:AIS
Aeris Resources — Q1 FY25 Earnings Presentation
26 slides from Aeris Resources's earnings presentation, Nov 4, 2024
Slide 1: Updated September Quarterly Report Presentation (ASX/Media Release)
4 November 2024 ASX/MEDIA RELEASE UPDATED “SEPTEMBER QUARTERLY REPORT PRESENTATION” Aeris Resources Limited (ASX:AIS) would like to provide this replacement version of the presentation released to the ASX on 30 October 2024 (Original Presentation). For personal use only This presentation does not ma
Slide 2: Q1 FY25 Results
For personal use only Q1 FY25 Results 30 October 2024 Presented by: Andre Labuschagne
Slide 3: Disclaimer
Disclaimer This investor presentation has been prepared by Aeris Resources Limited However, investors should note that the non-IFRS financial information DISCLAIMER (“Aeris” or the “Company”). By attending an investor presentation or and non-GAAP financial measures do not have standardised meanings
Slide 4: Disclaimer – No New Information Statement
Disclaimer NO NEW INFORMATION STATEMENT This presentation refers to Exploration Results, estimates of Mineral Resources and Ore Reserves contained in the Group Mineral Resource For personal use only and Ore Reserve Statement as at 31 December 2023 which was announced on 17 June 2024 (2024 MROR Group
Slide 5: Key points for Q1 FY25
Key points for Q1 FY25 Another good quarter from operations For personal use only Group copper equivalent production of 10.2kt for the quarter at an 28 holes drilled at Constellation (Tritton) to test the subvertical stand- improved AISC of A$5.32/lb up zone and infill main zone to improve resource
Slide 6: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer For personal use only Mt Colin Mine (100%) Mine Type U/G Cu, Au FY25 Guidance 6 - 7kt Cu Cracow Operations (100%) Barbara Project (100%) – Development Mine Type U/G Au FY25 Guidance 40 - 49koz Au Mine Type U/G Cu, Au Resource1 45
Slide 7: Tritton NSW
For personal use only NSW Tritton
Slide 8: Another strong quarter from Tritton
Q1 results Another strong quarter from Tritton For personal use only Production Jun 24 Sep 24 FY25 FY25 Unit Copper production of 5.0kt at AISC of $5.06/lb, ahead of plan Summary Qtr Qtr YTD Guidance Copper Produced kt 5.4 5.0 5.0 21 - 25 Gold Produced koz 1.5 1.5 1.5 7-9 Increased production from h
Slide 9: Constellation exploration holes drilled
Constellation exploration 28 holes drilled to test subvertical stand-up zone and infill main zone resource1 For personal use only Drill hole true width lengths are between 60% to 85% of reported interval lengths. 1. Refer to ASX Announcement “Quarterly Activities Report – Sept 2024” released on 30 O
Slide 10: Cracow Queensland
For personal use only Queensland Cracow
Slide 11: Strong quarter with higher gold production
Q1 results Strong quarter with higher gold production For personal use only Production Jun 24 Sep 24 FY25 FY25 Gold production of 12.9koz at AISC of A$2,352/oz Unit Summary Qtr Qtr YTD Guidance Gold Produced koz 11.6 12.9 12.9 40 - 49 Improved production due to the availability of high-grade Gold So
Slide 12: Near mine exploration: Defining new mineralised structure at Apollo
Near mine exploration Defining new mineralised structure at Apollo For personal use only Further 6 drill holes completed at Apollo targeting high grade mineralisation While the Apollo target has been reduced, potential exists to extend mineralisation down dip with further drilling Assays returned fr
Slide 13: Mt Colin North Queensland
Mt Colin For personal use only North Queensland
Slide 14: Mt Colin underperformed due to processing of oxidised material
Q1 results Mt Colin underperformed due to processing of oxidised material For personal use only Production Jun 24 Jun 24 FY25 FY25 Unit Summary Qtr Qtr YTD Guidance Mining performance in line with plan as final stopes are extracted Copper Produced kt 1.3 1.0 1.0 6 -7 Gold Produced koz 1.2 0.8 0.8 3-
Slide 15: Jaguar Western Australia
Jaguar For personal use only Western Australia
Slide 16: Jaguar now focused on restart studies and exploration
Q1 activities Jaguar now focused on restart studies and exploration For personal use only Operation on care and maintenance Care and maintenance costs of $2.4M Multiple restart scenarios have been assessed and a preferred option will be presented to the Aeris board for approval this quarter Drilling
Slide 17: Stockman Project Victoria
Stockman Project For personal use only Victoria
Slide 18: Feasibility study progressing
Q1 activities Feasibility study progressing For personal use only Preparing for further detailed metallurgical test work to support the Albion process and confirm product qualities Further investigation into sites for the Albion plant construction Groundwater environmental quality report submitted t
Slide 19: Corporate
Corporate For personal use only Closing cash and receivables of $39.1 million with cash of $25.5 million Jun Sep (A$ Million) 2024 2024 QTR QTR Cash balance excludes additional $12 million restricted cash applied to environmental bonding Closing cash 24.8 25.5 Debt position of $40 million unchanged
Slide 20: Focus for next quarter
Focus for next quarter For personal use only Paste fill line at Budgerygar, to enable increased production from Completion of Barbara feasibility study and investment decision the mine Continuation of Constellation drill program at Tritton to improve Presentation of preferred restart scenario for Ja
Slide 21: Aeris Resources
Aeris Resources Australian mid-tier, base and precious metals producer For personal use only 3 producing operations 3 development / re-start projects Highly prospective for further discoveries FY25 production guidance of 40-48kt Cu eq1 Substantial copper metal inventory Excellent platform for growth
Slide 22: Appendix
For personal use only Appendix
Slide 23: FY25 guidance – Group and Tritton
FY25 guidance FY25 FY24 FY25 FY24 Group Tritton Guidance Actual Guidance Actual For personal use only Production Production Copper kt 21 - 25 19.7 Copper kt 27 – 32 27.2 Gold koz 7-9 4.9 Gold koz 50 - 62 55.3 Silver koz 200 - 240 156 Silver koz 200 - 240 240.4 Copper equivalent1 kt 40 - 48 42.0 Oper
Slide 24: FY25 guidance – Cracow and North Queensland
FY25 guidance FY25 FY24 FY25 FY24 Cracow North Queensland Guidance Actual Guidance Actual For personal use only Production Production Gold koz 40 - 49 45.7 Copper kt 6 -7 6.8 Gold koz 3-4 4.3 Operating Costs Mining $M 57 - 70 51.3 Operating Costs Processing $M 24 - 30 25.6 Mining $M 10 - 12 36.7 Sit
Slide 25: Group Mineral Resources
Group Mineral Resources PROJECT CATEGORY TONNES (‘000) GRADE CONTAINED METAL Base Metals % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag Tritton Measured 1,300 1.0 - 0.1 3 13 - 4 120 For personal use only Indicated 11,200 1.4 - 0.3 4 145 - 91 1,280 Inferred 10,000 1.7 - 0.3 4 183 - 137 1,440 Total
Slide 26: Group Ore Reserves
Group Ore Reserves PROJECT CATEGORY TONNES (‘000) GRADE CONTAINED METAL For personal use only Base Metals % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag Tritton Proved 5 1.8 - - - 0.1 - - - Probable 2,790 1.5 - 0.3 5 41 - 23 451 Total 2,790 1.5 - 0.3 5 41 - 23 451 Jaguar Proved 90 1.4 8.7 0.8 74