AIC Mines Limited · ASX:A1M
AIC Mines — Investor Presentation (August 2023)
16 slides from AIC Mines's investor presentation, Aug 1, 2023
Slide 1: Investor Presentation August 2023
For personal use only Investor Presentation August 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: A growth-oriented Australian copper mining company
AIC Mines A growth-oriented Australian copper mining company Lamil Project For personal use only Eloise Copper Windsor Mine Project Cornerstone asset in the Mt Isa – Cloncurry Cloncurry Pyramid region, one of the most significant copper Project Marymia Cannington producing regions in the world Proje
Slide 4: Corporate overview
AIC Mines ASX Code: A1M Corporate overview Share Price1 $0.39 Shares on Issue 462.5M For personal use only Board of Directors Market Capitalisation $180.4M Josef El-Raghy Chairman Cash2 $30.9M Aaron Colleran Managing Director Debt3 Nil Enterprise Value $149.5M Linda Hale Non-Executive Director Brett
Slide 5: Eloise Copper Mine
Eloise Copper Mine Our flagship project Eloise is a high-grade underground mine that has For personal use only been in production since 1996 Produced 10,559t Cu and 5,219oz Au in concentrate at an AISC of A$5.58/lb Cu in FY23 Targeting 12,500t Cu and 5,000oz Au in concentrate at an AISC of A$5
Slide 6: Jericho Copper Deposit
Jericho Copper Deposit Transforming Eloise into a cornerstone asset Jericho is a perfect fit with Eloise – it has similar host rocks and For personal use only mineralisation to Eloise − Same mining method − Same processing method Combined Eloise and Jericho resources1 of 15.5Mt containing 317,20
Slide 7: Jericho Copper Deposit: Development update
Jericho Copper Deposit Development update Initial Jericho reserve1 of 1.8Mt grading 1.8% Cu and 0.3g/t For personal use only Au returns positive economics A staged development commencing with two declines Eloise processing plant expansion studies also indicate a staged expansion will provide t
Slide 8: Jericho development and Eloise expansion
Jericho development and Eloise expansion Development update CY 2023 CY 2024 For personal use only Mining and environmental approvals Preliminary approvals Mining approvals Processing approvals Plant optimisation study Plant study Mining studies Mining studies Plant engineering and design Engineering
Slide 9: Regional exploration
Regional exploration 2,000km2 tenement holding Exploration through a “hub and spoke lens” is expected to For personal use only add resources Sandy Creek deposit – hosts a near-surface historic resource1 of 2Mt grading 1.32% Cu and 0.30g/t Au. Remains open down plunge Roberts Creel prospect – 3
Slide 10: Growth strategy
Growth strategy Building a portfolio of mines through exploration, development and acquisition For personal use only Cornerstone asset in the Mt Isa – Cloncurry region, one of the most significant copper producing regions in the world Targeting late-stage Australian copper and gold projects where we
Slide 11: 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 aroung risk, strategy and accessible document outlining our approach to sustainability disclosures. We are committed to
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 +10,000oz gold in concentrate • Mine life of +10 years • Highly prospective 2,000km2
Slide 13: Appendix: Mineral Resources and Ore Reserves
For personal use only Appendix Mineral Resources and Ore Reserves 13
Slide 14: 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 15: 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 16: 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