Aeris Resources Limited · ASX:AIS
Aeris Resources — Euroz Hartleys Rottnest Conference 2022
36 slides from Aeris Resources's conference presentation, Mar 11, 2022
Slide 1: Euroz Hartleys Rottnest Conference
For personal use only Euroz Hartleys Rottnest Conference 11 March 2022 Presented by: Andre Labuschagne
Slide 2: Important notice and disclaimer
Aeris – Euroz Hartleys Conference 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
Slide 3: Our Business
Aeris – Euroz Hartleys Conference Our Business For personal use only Cracow Gold Operations Listed Investments Ownership 100% GBM Resources (GBZ) 6.54% Mine type U/G Processing 600 ktpa CIP FY22F Production 64koz – 66koz Au FY22F AISC A$1,650/oz-A$1,700/oz Au Reserves(1) 690kt @ 4.1 g/t (90koz) Torr
Slide 4: Market information
Aeris – Euroz Hartleys Conference Market information For personal use only ASX Code AIS 0.3 Market capitalisation1 A$282m 0.25 1 Enterprise Value A$213m Constellation results 0.2 Available Cash2 A$69m H1 results Share Price, A$ Outstanding Debt Nil 0.15 Constellation discovery Commodity focus Copper
Slide 5: Highlights H1 FY2022
Aeris – Euroz Hartleys Conference Highlights H1 FY2022 For personal use only Cracow Tritton Corporate 30,561oz @ AISC of $1,757/oz 9,415t Cu @ AISC of A$4.87/lb Closing cash and receivables increased by Quarterly mill throughput record – 169kt First development ore from Budgerygar $2.8m to
Slide 6: Our Sustainability Approach
Aeris – Euroz Hartleys Conference Our Sustainability Approach For personal use only Aeris seeks to operate in a sustainable manner that creates value now and into the future. The way we conduct our business and the decisions we make every day contribute towards achieving sustainable outcomes. We bel
Slide 7: Tritton Copper Operations - Delivering Life and Growth
For personal use only Aeris Resources Tritton Copper Operations - Delivering Life and Growth 7
Slide 8: Tritton Copper Operations: A consistent producer with upside
Aeris – Euroz Hartleys Conference Tritton Copper Operations A consistent producer with upside For personal use only • Established underground copper mines and 1.8 Mtpa processing plant in Western NSW, Australia - Operating since 2005 with >320 kt Cu produced • Highly endowed region and 2,330km2 tene
Slide 9: Tritton Copper Operations – project pipeline
Aeris – Euroz Hartleys Conference Tritton Copper Operations – project pipeline For personal use only Project Producing Developing / Constructing Feasibility Tritton Murrawombie Budgerygar Avoca Tank Murrawombie Open Pit Constellation Budgery Kurrajong South Wing Note: Orange arrows
Slide 10: Known deposits – conceptual development plans
Aeris – Euroz Hartleys Conference Known deposits – conceptual development plans Mine / Deposit FY 2022 2023 2024 2025 2026 2027 2028 2029 2030+ For personal use only Tritton U/G Murrawombie U/G Drill Tritton -Budgerygar Avoca Tank Develop Murrawombie O/P Tritton - South Wing Produce Constellation O/
Slide 11: Budgerygar Deposit
Aeris – Euroz Hartleys Conference Long section view looking west showing the Indicated and Inferred Tritton Copper Operations Budgerygar Mineral Resource outline. Includes drill hole intersections which informed the updated Mineral Resource. Budgerygar Deposit For personal use only • Updated Mineral
Slide 12: Avoca Tank Mine Development
Aeris – Euroz Hartleys Conference Tritton Copper Operations Avoca Tank underground mine design. Avoca Tank Mine Development For personal use only • High grade copper and gold deposit: – Ore Reserve 700kt @ 2.5% Cu and 0.8g/t Au1 • Remains open at depth • Geological potential for nearby repeats • Acc
Slide 13: Murrawombie Pit Cut-back
Aeris – Euroz Hartleys Conference Tritton Copper Operations Murrawombie Pit Cut-back For personal use only • Ore Reserve of 1,600kt @ 0.9% Cu1 • Optimisation of pit design underway • Tender for mining contractor expected in the March Qtr • Strategy being developed to run O/P and U/G simultaneously 1
Slide 14: There's more copper to be found, $15 million exploration budget
Aeris – Euroz Hartleys Conference Tritton Copper Operations - there’s more copper to be found, For personal use only $15 million exploration budget for FY22 Constellation • Drilling continues at Constellation targeting updated Mineral Resource estimate in Q4 FY22 • Bedrock conductor identified initi
Slide 15: Constellation Deposit
Aeris – Euroz Hartleys Conference Tritton Copper Operations Constellation Deposit For personal use only • Maiden Mineral Resource for the initial 200 metres1 – 3.3m tonnes at 1.4% copper, for 47,000t of contained copper metal, including: - Indicated Mineral Resource for high-grade Supergene minerali
Slide 16: Constellation Deposit
Aeris – Euroz Hartleys Conference Tritton Copper Operations Constellation Deposit For personal use only • Resource definition drilling continues to return high grade copper assays within current Mineral Resource: 1 – TAKD071 – 22.84m @ 5.42% Cu, 1.79g/t Au, 10.4g/t Ag (from 159.16m) – TAKD071 – 19.3
Slide 17: Aeris Resources
For personal use only 17 Aeris Resources
Slide 18: Cracow Gold Operations
Aeris – Euroz Hartleys Conference Cracow Gold Operations A highly cash flow generative mine that For personal use only has transformed the Company • A high grade, low cost gold mine in Queensland, Australia with a proven operating history • FY21 production of 73,685oz high margin gold ounces at AISC
Slide 19: Mining and exploration pipeline
Aeris – Euroz Hartleys Conference Cracow Gold Operations Mining and exploration pipeline For personal use only Project Producing Development Ready Exploring Western Field U/G Deposit Roses Pride Golden Plateau Klondyke-Royal (near surface) Eastern Field Surface Targets Crown Deeps Royal Deeps Ballym
Slide 20: Known deposits – conceptual development plans
Aeris – Euroz Hartleys Conference Known deposits – conceptual development plans Mine / Deposit FY 2022 2023 2024 2025 2026+ For personal use only Western Vein Field incl: - Baz Drill - Roses Pride - Coronation Develop - Royal - Sovereign Produce - Roses Pride Surface Golden Plateau 1) Development ti
Slide 21: Multiple near-mine exploration targets
Aeris – Euroz Hartleys Conference Multiple near-mine exploration targets For personal use only • Three rigs drilling underground • Increased FY22 budget to A$9M • Multiple untested targets 21
Slide 22: Tenement Package – Exploration plan coming together
Aeris – Euroz Hartleys Conference Cracow Gold Operations Tenement Package – Exploration plan coming together For personal use only • More Exploration targets now than at acquisition • Planning to spend A$13m in FY22 • Southern Vein Field • Directly south of current underground workings • MT Survey i
Slide 23: Golden Plateau RC drilling
Aeris – Euroz Hartleys Conference Cracow Gold Operations – Golden Plateau RC drilling For personal use only • Completed an initial RC drill program (23 holes) testing the extents of mineralisation below and along strike from previous intersections and historical underground development. • Significan
Slide 24: Exploring in new spaces – looking for the next big discovery
Aeris – Euroz Hartleys Conference Cracow Gold Operations Exploring in new spaces – looking for the next big discovery For personal use only ● Southern Vein Field Identified as a potential analogue of the Western Vein Field (~2Moz)1 • 5km x 4km corridor immediately south of current mine infrastructur
Slide 25: Growth
For personal use only Aeris Resources Growth 25
Slide 26: M&A remains a focus
Aeris – Euroz Hartleys Conference M&A remains a focus For personal use only Growth Strategy Copper/base metals Commodities Gold Deliver on organic growth Australia Location M&A focused on shareholder returns Offshore – risk reward Producing operation /established Enlarge asset portfolio in
Slide 27: Summary
For personal use only Aeris Resources Summary 27
Slide 28: Summary
Aeris – Euroz Hartleys Conference Summary For personal use only FY21 FY22 Transformational year Tritton guidance: 18.5kt – 19.5kt @ AISC between A$4.60/lb – A$4.85/lb Operations deliver against expectation Continuing to invest in life extension projects and exploration Significant exploratio
Slide 29: What makes Aeris different?
Aeris – Euroz Hartleys Conference What makes Proven team with a Aeris different? For personal use only consistent track record Further value to unlock Diversified, strong free cash generation We Are Aeris A platform for growth Favourable gold / copper price exposure Financially robust 29
Slide 30: Thank you
For personal use only Aeris Resources Thank you 30
Slide 31: Appendix A: Mineral Resource and Ore Reserve statements
For personal use only Aeris Resources Appendix A: Mineral Resource and Ore Reserve statements 31
Slide 32: Tritton – Mineral Resource
Aeris – Euroz Hartleys Conference Tritton – Mineral Resource - June 2021 Tritton Tenement Package For personal use only June 2021 June 2021 Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tritton Underground Budgerygar Mea
Slide 33: Tritton – Mineral Resource December 2021
Aeris – Euroz Hartleys Conference Tritton – Mineral Resource December 2021 Constellation Deposit For personal use only Cut-off Cu Au Ag Mineralisation Resource Tonnage Cu Au Ag grade metal metal metal type category (kt) (%) (g/t) (g/t) (Cu%) (kt) (koz) (koz) Measured - - - - - - - Oxide Indicated 0.
Slide 34: Tritton – Ore Reserve
Aeris – Euroz Hartleys Conference Tritton – Ore Reserve - 2021 Tritton Tenement Package For personal use only June 2021 Tonnes (kt) Cu (%) Cu (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tritton Underground Proved 1,800 1.2 21 0.1 4 3.0 170 Probable 0 0.0 0 0.0 0 0.0 0 TOTAL 1,800 1.2 21 0.1 4 3.0 170 M
Slide 35: Cracow – Mineral Resource and Ore Reserve
Aeris – Euroz Hartleys Conference Cracow – Mineral Resource and Ore Reserve For personal use only 2021 Mineral Resource Cracow Tenement Package 2021 Ore Reserve Cracow Tenement Package June 2021 June 2021 Tonnes (kt) Au (g/t) Au (koz) Ag (g/t) Ag (koz) Tonnes (kt) Au (g/t) Au (koz) Cracow CRACOW Mea
Slide 36: Competent Persons statement
Aeris – Euroz Hartleys Conference Competent Persons statement For personal use only Competent Person’s Statement – Mineral Resource Mr Cox confirms that he is the Competent Person for all the Mineral Resource estimates summarised in this Report and he has read and understood the requirements of the
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