Aeris Resources Limited · ASX:AIS

Aeris Resources — Noosa Mining Conference 2023

29 slides from Aeris Resources's conference presentation, Jul 20, 2023

  1. Slide 1: Growth and Exploration Opportunities

    For personal use only Growth and Exploration Opportunities Noosa Mining Conference 2023 July 2023 Presented by: Andre Labuschagne

  2. Slide 2: 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

  3. Slide 3: Aeris Resources

    Aeris Resources Australian mid-tier, base and precious metals miner Mt Colin Mine (100%) For personal use only Mine Type U/G Cu, Au FY23 Production 7.1kt Cu Cracow Operations (100%) Barbara Project (100%) Mine Type U/G Au FY23 Production 48.2koz Au Mine Type U/G Cu, Au Resource 45kt Cu1 North Queens

  4. Slide 4: Corporate overview

    Corporate overview SHAREHOLDERS3 For personal use only CAPITALISATION Market capitalisation1 $276 million 30% Cash2 $45 million Debt2 - 49% Enterprise value $231 million BROKER COVERAGE 19% 2% WHSP Australian Institutions Foreign Institutions Retail & Other 1. As at 17 July 2023 2. As at 31 March 20

  5. Slide 5: Copper market

    For personal use only Copper market 5

  6. Slide 6: Copper market

    For personal use only Copper market 6

  7. Slide 7: Tritton exploration and growth projects

    Tritton exploration and growth projects For personal use only NSW

  8. Slide 8: Tritton pipeline

    Tritton pipeline % Cu 3.0 Extending mine life and improving grade profile with new ore sources 24 Avoca Tank For personal use only 2.5 Historically production focused on Tritton and Murrawombie 2.0 123 deposits – grade now declining 37 Kurrajong Murrawombie High grade (2.5% Cu) Avoca Tank mine on li

  9. Slide 9: Constellation

    Constellation Potential future baseload feed for Tritton mill For personal use only Large, higher grade resource1 from surface and open at depth Drill program to commence Q1 FY24 targeting 1.0-2.5Mt additional Mineral Resource and improving resource confidence levels Defining “stand-up zone”, which

  10. Slide 10: Exploration opportunities

    Exploration opportunities Multiple, large-scale targets in prospective region For personal use only Over 900kt Cu discovered to date, over 80% of which has been south of the Mitchell Highway Exploration focus shifted to underexplored northern tenements with over 100km of favourable stratigraphy Init

  11. Slide 11: Cracow exploration

    Cracow exploration For personal use only Queensland

  12. Slide 12: Near mine targets

    Near mine targets Small, high-grade resource additions at current mining area For personal use only Mature mining operation centred on the Western Vein Field Cracow has a strong history of reserve replacement Potential for small, high-grade extensions to known ore shoots in Western Vein Field (WVF)

  13. Slide 13: Golden Plateau

    Golden Plateau Potential new mining area For personal use only Historic mining area with potential for future underground operation 62koz Au Mineral Resource defined in FY23 Significant potential to add additional Mineral Resource with further drilling Developing exploration decline to improve drill

  14. Slide 14: Southern Vein Field

    Southern Vein Field Could be the game-changer for Cracow For personal use only Approx. 2.5Moz gold produced to date from the WVF and 850koz gold produced from Golden Plateau Structures with the potential to host WVF ore shoots interpreted under cover in the Southern Vein Field Southern Vein Field ha

  15. Slide 15: North Queensland exploration

    North Queensland exploration For personal use only

  16. Slide 16: Barbara project

    Barbara project Potential follow-on operation from Mt Colin For personal use only Previously operated as an open pit with ore treated at Mt Isa Updated resource of 2.2Mt at 2.0% Cu and 0.2g/t Au1 Mining studies on new underground operation to be completed first half FY24 Located on a mining lease; c

  17. Slide 17: Regional exploration

    Regional exploration Prospective tenement package in region with existing milling capacity For personal use only Large tenement package in a prospective region Initial exploration focus on extending resource at Barbara Hazel Creek hosts known Turpentine Cu deposit within a prospective 12km prospecti

  18. Slide 18: Jaguar exploration and growth projects

    Jaguar exploration and growth projects For personal use only Western Australia

  19. Slide 19: Jaguar operations

    Jaguar operations Prospective tenements hosting multiple polymetallic resources For personal use only Current mining operation at Bentley New Mineral Resource estimate for the previously operating Jaguar Mine Defined, fully permitted project at Triumph Significant copper resources remaining below th

  20. Slide 20: Turbo development

    Turbo development The future of the Bentley mine For personal use only Current Mineral Resource of 1.26Mt at 1.8% Cu, 8.5% Zn, 0.7g/t Au1 Turbo now the second largest lens ever discovered at the Bentley deposit and is still open at depth Decline from Bentley infrastructure be redesigned to incorpora

  21. Slide 21: Jaguar mine

    Jaguar mine Copper dominant restart opportunity For personal use only Re-estimated Mineral Resource of 0.8Mt at 2.28% Cu, 4.66% Zn and 61g/t Ag1 Resource consists of high-grade remnant sills and pillars along with additional mineralisation outside the old mine workings Multiple targets for further e

  22. Slide 22: Other regional targets

    Other regional targets Tenements well known for base metals prospectivity but also hosts multiple gold targets For personal use only Multiple base metals VMS targets identified Targeting 3-5Mt VMS deposits grading 1-2% Cu, 6-8% Zn Tenement package also highly prospective for gold – regional endowmen

  23. Slide 23: Stockman Project

    Stockman Project For personal use only Victoria

  24. Slide 24: Stockman

    Stockman High-grade, long life, Zn-Cu-Ag-Au development project For personal use only Brownfield site located in Victorian high country, 300km NE of Melbourne Mining lease and all major approvals granted Licensed tailings dam in place High grade reserve of of 9.6Mt at 2.9% Cu equivalent (recovered)1

  25. Slide 25: DFS underway

    DFS underway For personal use only Process Plant Currawong Wilga 3.3 km 25

  26. Slide 26: Appendix

    For personal use only Appendix

  27. Slide 27: Group Reserves

    Group Reserves PROJECT CATEGORY TONNES (‘000) GRADE CONTAINED METAL For personal use only % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag Tritton Proved 450 1.3 0.1 2.8 6 1 40 Probable 3,560 1.4 0.2 5.2 49 28 598 Total 4,010 1.4 0.2 4.9 55 30 638 Cracow Proved 230 3.7 27 Probable 360 3.5 41 Total

  28. Slide 28: Group Resources

    Group Resources PROJECT CATEGORY TONNES (‘000) GRADE CONTAINED METAL For personal use only % Cu % Zn g/t Au g/t Ag kt Cu kt Zn koz Au koz Ag Tritton Measured 2,000 1.1 0.1 3 23 6 180 Indicated 11,000 1.4 0.3 4 155 103 1,480 Inferred 12,000 1.7 0.3 4 191 129 1,330 Total 25,000 1.5 0.3 4 369 238 2,990

  29. Slide 29: Copper equivalent calculation

    Copper equivalent calculation RECOVERED CUEQ METAL PRODUCED For personal use only (Recovered Cu Metal t ×Cu Price $/t) +(Recovered Zn Metal t ×Zn Price $/t) +(Recovered Au Metal oz ×Au Price $/oz) +(Recovered Ag Metal oz ×Ag Price $/oz) CuEq Metal Recovered t = Cu Price $/t Where each Recovered Meta

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