Aeris Resources Limited · ASX:AIS
Aeris Resources — Mines and Money APAC (June 2020)
22 slides from Aeris Resources's conference presentation, Jun 23, 2020
Slide 1: Transformational Acquisition
For personal use only Transformational Acquisition Mines and Money APAC Presentation 23 June 2020 Presented by: Andre Labuschagne
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
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: Transaction Summary
For personal use only Transaction Summary
Slide 5: Transaction summary
Transaction summary For personal use only Aeris Resources Limited (“Aeris” or the “Company”) to acquire Evolution Mining Limited’s (“Evolution”) 100% interest in Cracow gold mine (“Cracow”, the “Transaction”) ─ Acquisition also includes an extensive, highly prospective tenement package covering 90
Slide 6: Transaction summary (cont.)
Transaction summary (cont.) For personal use only The Transaction and associated costs will primarily be funded through a combination of equity and debt: ─ Fully underwritten A$40m equity raising comprising of a placement and entitlement offer (“Offer” or “Equity Raising”): ─ A placement of 244.3
Slide 7: Transaction Highlights
For personal use only Transaction Highlights
Slide 8: Consistent with strategy – an exceptionally strong fit
Consistent with strategy – an exceptionally strong fit For personal use only Aeris Resources Commodity Gold M&A strategy Tier 1 mining jurisdiction Location c.5 hours drive from Aeris’ head office Same time zone as Tritton mine in NSW Pursue strategic M&A opportunities to add value, comple
Slide 9: Next year plan: deliver the robust cash flow profile
Next 2 year plan Deliver the robust cash flow profile For personal use only Cracow production profile (koz)(1)(2) 95 93 91 89 90 82.5 – 87.5 81 70 – 75 57 -62 64 FY14A FY15A FY16A FY17A FY18A FY19A FY20F FY21F FY22F Cracow net mine cash flow (A$m)(1)(2)(3) 84 – 89 63 – 68 41 41 42 – 47 33 37 36 30 5
Slide 10: Continued resource and reserve growth
Continued resource and reserve growth For personal use only Cracow has a strong history of replenishing reserves and resources which will be a key focus for Aeris to continue ─ has produced more than 1.4 Moz of gold over its life since first production in 2004 ─ depletion has generally been replac
Slide 11: The Aeris plan for Cracow
The Aeris plan for Cracow For personal use only Immediate priorities Medium term Longer term (next 2 years) (years 3 – 4) Deliver the mine plan Improve confidence / development Evaluate the exploration potential of ─ A$105m – A$115m net mine of identified brownfield developments the highly pro
Slide 12: Radically enhances Aeris' portfolio
Radically enhances Aeris’ portfolio For personal use only Cracow Gold production (koz)(1)(5) 89 90 Ownership 100% 81 82.5 – 87.5 70 – 75 Mine type U/G 57 – 62 Processing 570 ktpa CIP FY21F production(1) 70 – 75 koz Au 64 FY21F C1 cost(1) A$980/oz Au Au Reserves(2) 114 koz @ 5.8 g/t Au Resources(2) 3
Slide 13: Tritton – a consistent producer
Tritton – a consistent producer For personal use only Current management has a track record for achieving or Tritton production (kt) bettering production targets FY19 copper production of 26.9 kt – initial guidance was 30 30 24.5 kt 26 27 27 23 23 23.5 – 24.5 FY20 copper production guidance of
Slide 14: Tritton – year plan with potential to extend mine life
Tritton – 4 year plan with potential to extend mine life For personal use only Existing copper metal inventory: ─ Ore Reserve: 6.7 Mt @1.5% Cu(1) ─ Mineral Resource: 19.8 Mt @ 1.5% Cu(1) Four-year production plan(2) Potential to extend mine life: ─ Tritton and Murrawombie brownfields extension
Slide 15: Summary
Summary For personal use only 1 Established, low risk, high grade gold mine in an attractive location A highly Accretive transaction which immediately delivers significant free cashflow compelling investment Favourable mine geology and highly prospective exploration package provides for opport
Slide 16: Please refer to announcement dated June 2020
Please refer to announcement dated 4 June 2020 for further information For personal use only
Slide 17: Appendix
For personal use only Appendix
Slide 18: Aeris management team has the right experience for Cracow
Aeris management team has the right experience for Cracow For personal use only Experienced mining executive with a career spanning more than 30 years, primarily in the gold industry Andre Labuschagne Held various executive roles in South Africa, PNG, Fiji and Australia for a number of leading g
Slide 19: Tritton – reported Mineral Resource
Tritton – reported Mineral Resource For personal use only Tritton tenement package (30 June 2019)(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 20: Tritton – reported Ore Reserve
Tritton – reported Ore Reserve For personal use only Tritton tenement package (30 June 2019)(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 21: Cracow – Mineral Resource and Ore Reserve
Cracow – Mineral Resource and Ore Reserve For personal use only Cracow (31 December 2019)(1) Gold grade Tonnes (Mt) Gold metal (koz) (g/t) Ore Reserve Proven 0.39 5.95 74 Probable 0.21 5.67 38 Total 0.61 5.78 114 Mineral Resource Measured 0.33 7.99 84 Indicated 0.74 5.88 141 Inferred 1.48 2.54 121 T
Slide 22: 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