AURELIA METALS LIMITED onlyHALF YEAR FY22
FINANCIAL RESULTS
use24 February 2022 ersonalASX Code: AMI
2
FINANCIAL | RESULTS |
onlyHY FY22 | |
ersonalDECEMBER 2021use | 24 February 2022 |
FORWARD LOOKING
STATEMENTS
This presentation has been prepared by Aurelia Metals Limited ("AMI" or the "Company"). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation.
This presentation contains forward-looking statements that are not based on
historical fact, including those identified by the use of forward-looking terminology containing such words as "believes", "may", "will", "estimates", "continue", "anticipates", "intends", "expects", "should", "schedule", "program", "potential" or the negatives thereof and words of similar import.
AMI cautions that these forward-looking statements are subject to risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied by the statements. The Company believes that the estimates are reasonable, but should not be relied upon.
AMI makes no representation, warranty (express or implied), or assurance as to the completeness or accuracy of these projections and, accordingly, expresses no opinion or any other form of assurance regarding them. The Company does not intend to publish updates or revisions of any forward-looking statements included in this document to reflect Aurelia's circumstances after the date hereof or to reflect subsequent market analysis, other than to the extent required by law.
By its very nature, production and exploration for gold and base metals is a high risk business and is not suitable for certain investors. Potential investors should consult their stockbroker or financial advisor. There are a number of risks, both specific to AMI and of a general nature which may affect the future operating and financial performance of AMI and the value of an investment in AMI including and not limited to economic conditions, stock market fluctuations, commodity price movements, regional infrastructure constraints, equipment availability, timing of approvals from relevant authorities, regulatory risks, operational risks, reliance on key personnel and foreign currency fluctuations.
You should not act or refrain from acting in reliance on this presentation material. This presentation does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company's prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision.
Non-IFRS Financial Information
The Company results are reported under International Financial Reporting Standards (IFRS). This presentation also includes non-IFRS information including EBITDA. The non-IRFS information has not been subject to audit or review by the Company's external auditor and should be used in addition to IFRS information.
This presentation has been authorised for release to the ASX by the Managing Director of Aurelia Metals.
3
FINANCIAL | RESULTS |
onlyHY FY22 | |
ersonalDECEMBER 2021use | 24 February 2022 |
AURELIA
SNAPSHOT
Our vision is to be a mining business recognised for creating exceptional value through our people and a portfolio of gold and base metals assets.
We value Integrity, Certainty, Courage and Performance for the safety and wellbeing of our people, and for the benefit of our shareholders and the communities in which we operate.
Shareholder register composition
37% | Australian institutions | |||
International institutions | ||||
47% | Other | |||
Major shareholders | ||||
16% | Platypus Asset Mgt | 5.7% | ||
Mitsubishi UFJ | 5.2% |
ASX: AMI
Share price (23 Feb 2022) | A$0.445 | |
Shares on issue | 1,237 | M |
Market capitalisation | A$551 | M |
Net cash (31 December 2021) | A$52.5 | M |
Board and management
Role | Name |
Non-Executive Chairman | Peter Botten |
Managing Director and CEO | Dan Clifford |
Lawrie Conway | |
Susie Corlett | |
Non-Executive Directors | Helen Gillies |
Paul Harris | |
Bob Vassie | |
CFO & Company Secretary | Ian Poole |
COO | Peter Trout |
4
FINANCIAL | RESULTS |
onlyHY FY22 | |
ersonalDECEMBER 2021use | 24 February 2022 |
HALF YEAR FY22 HIGHLIGHTS
Integrity I Certainty I Courage I Performance
• | 51% reduction in workplace injuries (7.6 TRIFR at 31 Dec 21) | ||
• | Successful ramp up and optimisation of the Dargues Gold Mine following its | ||
Driving | acquisition in December 2020 | ||
• | Group gold production of 54koz at AISC of A$1,393/oz (HY21: 46koz at | ||
performance | A$1,035/oz) | ||
• | Strong base-metal production from Peak and Hera provided substantial by- | ||
product credit revenue, up 35% to A$100.4 million | |||
• | A$95.2 million cash balance as at 31 December 2021 | ||
• | Underlying EBITDA result of A$84.1 million (HY21: A$91.5 million), Underlying | ||
Generating | EBITDA margin of 36% (HY21: 44%) | ||
• | Underlying NPAT of A$12.1 million (HY21: A$41.1 million) | ||
cash | • | Increased depreciation and amortisation expense of $63 million (largely due to | |
addition of Dargues into the Group) | |||
• | Operating cash flow improved by 23% to A$91.8 million (HY21: A$74.4 million) | ||
• | Drill program delivers outstanding high-grade gold and base metals results at | ||
Federation, continuing to grow the resource | |||
Growth | • | Federation FS due mid-CY22 and maiden Ore Reserve shortly after | |
• | Great Cobar PFS complete and being integrated into LOM | ||
moving to | |||
• | Great Cobar exploration decline planned to commence Q1 FY23 | ||
execution | |||
• | Phase 2 of Dargues underground and surface drilling program commenced | ||
December 21 | |||
5
onlyDRIVING PERFORMANCE
useThrough a sustainable progression and optimisation of our assets
ersonal
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Aurelia Metals Ltd. published this content on 23 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2022 23:00:24 UTC.
