Aic Mines Limited · ASX:A1M
Aic Mines — Shareholder Meeting (November 2023)
17 slides from Aic Mines's shareholder meeting presentation, Nov 22, 2023
Slide 1: AGM Shareholder Update
For personal use only AGM Shareholder Update 22 November 2023
Slide 2: Important information
Important information This presentation has been prepared by AIC Mines Limited (ABN 11060156452) (“the Company” or “AIC Mines”) to provide summary information about AIC Mines and its activities at the date of this presentation. The information contained in this presentation does not purport to be co
Slide 3: AIC Mines: An experienced Board and Executive team
AIC Mines An experienced Board and Executive team A growth-oriented Australian copper building a new Australian mid-tier copper and gold miner through exploration, development mining company and acquisition For personal use only A1M Share Price1 $0.315 Board of Directors Shares on Issue 462.5M Marke
Slide 4: Building a new Australian mid-tier copper and gold miner
AIC Mines Building a new Australian mid-tier copper and gold miner For personal use only Copper demand outlook remains strong due to the global energy transition. Copper is essential for a clean energy future. All infrastructure built to support renewable energy uses large amounts of copper, as
Slide 5: Building a new Australian mid-tier copper and gold miner
AIC Mines Building a new Australian mid-tier copper and gold miner Lamil Project For personal use only Eloise Copper Windsor Mine Project Growth through exploration, development Cloncurry Pyramid and acquisition Project Marymia Cannington Project Project Building a team for long-term, repeatable suc
Slide 6: Eloise Copper Mine: Our foundation asset
Eloise Copper Mine Our foundation asset We have now owned Eloise for 24 months. Over this period: For personal use only Eloise Resource Growth − Added 22,300t Cu to Ore Reserves1 – a 73.5% increase − Added 33,700t Cu to Mineral Resources1 – a 32.5% increase − Produced 23,380t Cu in concentrate E
Slide 7: Eloise Production and Cost Metrics
Average Quarter Eloise Copper Mine 24 Months to 30 September 2023 Eloise Production and Cost Metrics Units over past 24 October 2023 Quarter Months Underground development - capital m 4,254 655 Outlook Underground development - operating m 2,555 263 Total development m 6,809 851 918 Ore mined kt 120
Slide 8: Jericho Copper Deposit: Transforming Eloise into a cornerstone asset
Jericho Copper Deposit Transforming Eloise into a cornerstone asset Jericho is a perfect fit with Eloise: For personal use only − Same mining method − Same processing method Development of Jericho transforms Eloise: − Expected economies of scale to reduce processing costs − Lower mining costs at
Slide 9: Jericho Copper Deposit: Pathway to 20,000tpa Cu production
Jericho Copper Deposit Pathway to 20,000tpa Cu production Baseline mining and processing studies completed. For personal use only Mining is planned to ramp-up in two stages over 45 months to deliver a sustainable ore production rate of 600,000tpa at a capital cost of approximately $59.0M. − Mont
Slide 10: Jericho Copper Deposit: Significant reserve upside
Jericho Copper Deposit Significant reserve upside Significant upside at Jericho: For personal use only − Initial Jericho reserve1 of 1.8Mt grading 1.8% Cu and 0.3g/t Au − Current Jericho resource1 of 9.8Mt grading 1.8% Cu and 0.4g/t Au − Open along strike and at depth Excellent infill and extens
Slide 11: Regional exploration
Regional exploration 2,000km2 tenement holding A strong pipeline of targets. For personal use only Exploration through a “hub and spoke lens” is expected to add resources. South – geophysical targets along strike from Eloise and Jericho (Clementine to St Louis). West – Advanced projects at S
Slide 12: Sustainability
AIC Mines Sustainability For personal use only ESG is business as usual for AIC Mines. It drives Sustainability Strategy released June 2023 – a publicly and informs decision making around risk, strategy and accessible document outlining our approach to sustainability disclosures. We are committed to
Slide 13: Investment Proposition
Investment Proposition For personal use only Highly credentialed and heavily invested team Expansion underway to transform the Eloise copper mine into a cornerstone asset: • Annual production of +20,000t copper and +7,500oz gold in concentrate • Mine life of +10 years • Highly prospective 2,000km2 t
Slide 14: Appendix: Mineral Resources and Ore Reserves
For personal use only Appendix Mineral Resources and Ore Reserves 14
Slide 15: Eloise Mineral Resources and Ore Reserves
Eloise Mineral Resources and Ore Reserves Eloise Mineral Resources and Ore Reserves are reported and classified in accordance with the JORC Code (2012). Further information is provided in the ASX announcement released by AIC Mines “Significant Increase in Mineral Resources and Ore Reserves at Eloise
Slide 16: Jericho Mineral Resources and Ore Reserves
Jericho Mineral Resources and Ore Reserves Jericho Mineral Resources and Ore Reserves are reported and classified in accordance with the JORC Code (2012). Further information is provided in the ASX announcement released by AIC Mines “Jericho Mineral Resource” dated 6 February 2023 and “Jericho Maide
Slide 17: Sandy Creek Mineral Resources
Sandy Creek Mineral Resources Sandy Creek Mineral Resources are reported and classified in accordance with the JORC Code (2012). The Sandy Creek Mineral Resource Estimate is reported above a 0.3% Cu cut-off. The Sandy Creek Mineral Resource comprises five mineralised zones, including Main and West Z