AIC Mines Limited · ASX:A1M
AIC Mines — Shareholder Meeting (November 2024)
15 slides from AIC Mines's shareholder meeting presentation, Nov 20, 2024
Slide 1: AGM Shareholder Update
For personal use only AGM Shareholder Update 20 November 2024
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: Health and safety
For personal use only Our first priority is to protect the health and well- being of all our people. We take a proactive approach to health and safety. We strive for continuous improvement in the prevention of occupational injuries and disease. We do not accept unsafe acts or conditions. 3
Slide 4: Community
For personal use only We recognise that our work can have an impact on the communities within which we operate. We support local community development. We value open relationships and communication with our stakeholders and the communities in which we operate. 4
Slide 5: Environment
For personal use only We recognise that our work can have an impact on the environment within which we operate. We minimise waste in all our activities. Sustainability Report released in October 2024 with FY24 Annual Report. 5
Slide 6: AIC Mines
AIC Mines An experienced Board and Executive team A growth-oriented Australian copper building a new Australian mid-tier copper and mining company gold miner through exploration, development and acquisition For personal use only A1M Share Price1 $0.32 Board of Directors Shares on Issue 575.7M Market
Slide 7: Eloise Copper Mine
Eloise Copper Mine Our foundational asset Eloise achieved record production in FY24 – delivering 13,412t For personal use only Cu and 6,669oz Au in concentrate at an AISC of A$5.15/lb Cu and AIC of A$5.39/lb Cu generating positive cashflow of $23.1M FY25 production target1 is 12,500t Cu and 5,00
Slide 8: Jericho Copper Deposit
Jericho Copper Deposit Pathway to 20,000tpa Cu production Development of the Eloise to Jericho link drive commenced in June 2024 For personal use only − The link drive has progressed 480m of its 3,000m, is on schedule and on budget − Raise boring of the first ventilation shaft has been completed a
Slide 9: Jericho Copper Deposit: Mineralisation intersected over kilometres of strike
Jericho Copper Deposit Mineralisation intersected over 5 kilometres of strike For personal use only 1. Diagram from AIC Mines ASX Announcement “Extension of High-Grade Copper Mineralisation at Jericho” released 26 September 2024 2. Mineral Resource and Ore Reserve tables provided as an Appendix to t
Slide 10: Eloise Plant Expansion
Eloise Plant Expansion Detailed design work underway Simple processing plant expansion to 1.1Mtpa from current For personal use only 725,000tpa capacity at an estimated capital cost of $60M The 1.1Mtpa flowsheet and plant layout is designed to: − Minimise operational impacts to Eloise during con
Slide 11: Exploration Strategy
Exploration Strategy Focus on transformational discoveries Searching for: For personal use only Higher-grade deposits (>2% Cu) Large deposits (>10Mt) to warrant further expansion to the Eloise processing capacity Growth Priorities: Near-mine for extensional resource growth Re-evaluating
Slide 12: 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 13: Appendix: Mineral Resources and Ore Reserves
For personal use only Appendix Mineral Resources and Ore Reserves 13
Slide 14: Eloise Project Mineral Resources
Eloise Project Mineral Resources For full details of Eloise, Sandy Creek and Artemis Mineral Resources see AIC Mines ASX announcement “Increased Resources and Reserves at Eloise, Sandy Creek and Artemis” dated 18 April 2024. The Competent Persons are Mr Matthew Thomas (Eloise Mineral For personal us
Slide 15: Eloise Project Ore Reserves
Eloise Project Ore Reserves For full details of Eloise Ore Reserves see AIC Mines ASX announcement “Increased Resources and Reserves at Eloise, Sandy Creek and Artemis” dated 18 April 2024. The Competent Person for the Eloise Ore Reserves is Mr Randy Lition. For personal use only For full details of