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FY26 FINANCIAL RESULT S ASX Code: AMI 27 August 2026
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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-IFRS 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 Board of Aurelia Metals. All amounts are expressed in Australian dollars unless stated otherwise. FORWARD LOOKING STATEMENTS JUNE 2025 QUARTERLY | 21 JULY 2025 | PAGE 22026 FULL YEAR FINANCIAL RESULTS | 27 AUGUST 2026 | PAGE 2
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EXECUTING OUR ORGANIC GROWTH STRATEGY FY26 production, costs and capital in line with guidance Great Cobar and Peak Plant Expansion projects on schedule Balance sheet strength with new finance facility Higher earnings, strong cash generation and return to shareholders Consistent growth in Mineral Resources and Ore Reserves 2026 FULL YEAR FINANCIAL RESULTS | 27 AUGUST 2026 | PAGE 3
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FY26 FINANCIAL HIGHLIGHTS Improvement in profitability and margins as production grows 2026 FULL YEAR FINANCIAL RESULTS | 27 AUGUST 2026 | PAGE 4 $480M Revenue 40% $189.2M EBITDA (Statutory) 55% 39.4% EBITDA Margin (Statutory) 11% $82.7M NPAT (Statutory) 69% 4.88c Earnings per share 69%
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BALANCE SHEET STRENGTHENED Strong cash generation and new debt facility provides capital management flexibility 110.1 140.5 (49.9) (12.9) (43.9) 143.9 40.0 183.9 Jun 25 Cash Bal Cobar Region Ops cash flow Growth Capital Exploration Corp, Tax Interest & Other Jun 26 Cash Bal Undrawn RCF Total Liquidity 1. Cobar Region Ops cash flow includes sustaining capital. Growth capital of $49.9M comprises Great Cobar $20.4M , Federation $10.4M, and Peak expansion $19.1M, Exploration of $12.9M comprises $4.7M at Nymagee/Federation and $8.2M Peak. Corporate, interest and other of $43.9M c omprises $13.2M of Corporate costs, $5.3M of net interest, $26.8M of tax paid, $4.7M of care and maintenance, $8.0M for the purchase of a royalty over EL6162, a net financing cash inflow of $15.1M and working capital outflow of $0.8M. FY26 FINANCIAL RESULTS | 27 AUGUST 2026 | PAGE 5 Group Cash A$M1 $140.5M Cobar Region Operating Cash Flow Self-funding the growth pipeline $143.9M Cash at 30 June 2026 Up from $110.1M a year earlier $183.9M Total Liquidity Includes $40M undrawn revolving credit facility A$110M Performance Bond facility A$40M Revolving Credit Facility Combination of 3 and 5 year terms Tier one institutions: Citi, Credeq (as agent for Swiss Re) and HSBC Competitive pricing, lower than previous facilities $150M Debt Facility
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DISCIPLINED CAPITAL MANAGEMENT Safe operations, investing in growth and generating shareholder returns FY26 FINANCIAL RESULTS | 27 AUGUST 2026 | PAGE 6 OPERATE GROW Committed capital to complete approved growth projects Maintain commitment to exploration on highly prospective tenement package RETURNS TO SHAREHOLDERS Board discretion to return excess cash Realise benefits of franking credits FRAMEWORK FY26 $140.5M Cobar Region Operating Cash Flow $62.8M Invested in growth projects and exploration 1 cent/share Fully franked dividend $17.2M Total estimated distribution Safe, reliable operations that maximise cash generation Sustaining capital investments to maintain asset quality 1 2 3
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FY26 Actual FY27 GuidanceFY26 Actual FY27 Guidance FY26 Actual FY27 GuidanceFY26 Actual FY27 Guidance FY27 PRODUCTION GUIDANCE Higher ore processing rates driving metal production growth 50 - 60 50.4 2.5 - 3.5 2.5 26 - 34 28.3 17 - 25 17.8 Gold Production (koz) Copper Production (kt) Lead Production (kt)Zinc Production (kt) 2026 FULL YEAR FINANCIAL RESULTS | 27 AUGUST 2026 | PAGE 7 FY26 FY27 FY27 planned ore processing 806kt Profile of production volumes biased to H2 after commissioning and ramp up of the Plant Expansion projects is completed in H1 1.05 - 1.15Mt
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FY27 COST AND CAPITAL GUIDANCE Cobar Region unit costs falling as activity increases 2026 FULL YEAR FINANCIAL RESULTS | 27 AUGUST 2026 | PAGE 8 Cost Guidance Unit FY26A FY27 Cobar Region1 $M 298.8 330 – 360 Corporate $M 12.7 10 – 15 Group Operating Costs (excl Dargues) $M 311.5 340 – 375 FY26 Actual FY27 Guidance $369/t $300-330/t Growth Capital - Great Cobar $M 20.4 40 – 50 - Peak Plant Expansion $M 19.1 2 – 5 - Federation $M 10.4 5 – 10 - New Occidental $M 3 – 5 - Exploration $M 12.9 14 – 18 Growth Capital and Exploration $M 62.8 64 – 88 Cobar Region unit costs1 reducing as tonnes ramp up (per tonne processed) Investment in Peak South mine infrastructure and accommodation capacity in Cobar Great Cobar spend in line with Feasibility Study Completion of Tertiary Ball Mill Project Planned decline development at Federation New Occidental subject to Board approval in FY27 Dargues Rehabilitation 2 $M 3.8 10 – 12.5 1. Cobar Region costs include mining, processing, administration, royalties, concentrate transport and treatment and refining costs 2. Cash outlay for rehabilitation, which will largely be offset by release of rehabilitation provision in the P&L. Amount excludes any proceeds from asset sales which will be reported separately as “Other Income”. Sustaining Capital $M 58.8 65 – 75 Capital Guidance Unit FY26A FY27
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Gross Revenue Costs & Sustaining Capital Operating Cash Flow (before Growth Capital) POSITIONED FOR CASH GENERATION Indicative cash generation in FY27 benefits from growing production profile and current commodity price strength 2026 FULL YEAR FINANCIAL RESULTS | 27 AUGUST 2026 | PAGE 9 Gold/Silver $310M - $370M Total1 $525M - $665M Group Operating Costs $340M - $375M Sustaining Capital $65M - $75M $120M - $215M 1. Revenue based on production guidance ranges (adjusted for payable metals) and using the following spot prices and AUD exchange rate as at 26 August 2026: Gold: US$4,660/oz, Silver: US$69/oz, Copper: US$14,350/t, Zinc: US$3,890/t, Lead: US$1,905/t, AUD: 0.71 60 Copper: $45M - $65M Lead: $50M - $75M Zinc $120M - $155M Total $405M - $450M
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4.7 5.5 8.2 June 2024 June 2025 June 2026 26.0 29.0 30.6 June 2024 June 2025 June 2026 CONSISTENT GROWTH IN MINERAL RESOURCES AND ORE RESERVES 2026 FULL YEAR FINANCIAL RESULTS | 27 AUGUST 2026 | PAGE 10 1. Refer to ASX Announcement dated 27 August 2026 ‘2026 Mineral Resource, Ore Reserve and Production Target Statement’ and Appendices 3, 4, 5 and 6. AMI confirms that it is not aware of any new information or data that materially affects the inform ation in that ASX Announcement and all material assumptions and technical parameters underpinning the estimates in that announcement continue to apply and have not materially changed. Group Mineral Resources (Mt)1 49% Group Ore Reserves (Mt)1 6% Peak Copper and Gold Mineral Resource 19.6Mt @ 1.8% Cu, 0.8g/t Au Ore Reserve 3.6Mt @ 1.5% Cu, 1.7g/t Au Peak Zinc -Lead Mineral Resource 1.8Mt @ 4.7% Zn, 2.5% Pb, 1.1g/t Au Ore Reserve 0.5Mt @ 3.1% Zn, 1.7% Pb, 2.2g/t Au Federation Zinc -Lead -Gold Mineral Resource 3.2Mt @ 9.3% Zn, 5.4% Pb, 1.0g/t Au Ore Reserve 1.8Mt @ 8.3% Zn, 4.9% Pb, 1.4g/t Au Nymagee Copper Mineral Resource 2.8Mt @ 2.0% Cu New Occidental Mineral Resource 2.6Mt @ 0.65g/t Au Ore Reserve 2.3Mt @ 0.64g/t Au
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SAFELY PRIORITISING VALUE AND CASH FLOW Maximise throughput as plant capacity increases Maintain strong mining performance at Federation Execute Peak mining productivity improvement projects Deliver Great Cobar Project milestones as planned Continue to evolve our performance culture and attract and retain the right people Drive further organic growth options 2026 FULL YEAR FINANCIAL RESULTS | 27 AUGUST 2026 | PAGE 11
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CONTACT T: +61 7 3180 5000 E: office@aureliametals.com.au Level 10, 10 Felix Street BRISBANE QLD 4000 GPO Box 7 BRISBANE QLD 4001 aureliametals.com
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APPENDIX 1: FY26 QUARTERLY DETAILS Gold production above revised higher guidance, all other metrics in line 1. Group Operating Cost includes mining, processing, site admin, transport and logistics, TCRCs, royalties, corporate costs and care and maintenance 2026 FULL YEAR FINANCIAL RESULTS | 27 AUGUST 2026 | PAGE 13 Measure Unit SepQ FY26 DecQ FY26 MarQ FY26 JunQ FY26 FY26 FY26 Revised Guidance Gold produced koz 10.4 11.7 13.0 15.3 50.4 45 – 50 (prev 35 -45) Copper produced kt 0.5 0.6 0.6 0.9 2.5 2.5 – 3.0 (prev 3 -4) Zinc produced kt 6.5 7.2 6.9 7.6 28.3 24 – 32 Lead produced kt 3.8 4.3 4.3 5.4 17.8 14 – 22 Group Operating Costs1 $M 70.0 74.1 76.7 94.5 315.3 275 – 315 Sustaining Capital $M 15.5 15.6 12.7 15.0 58.8 50 – 60 Growth Capital $M 10.9 10.5 13.8 14.7 49.9 45 – 60 (prev 60-75) Exploration $M 4.8 3.7 2.3 2.1 12.9 13 – 18 10.4 11.7 13.0 15.3 Sep 25 Qtr Dec 25 Qtr Mar 26 Qtr Jun 26 Qtr Gold Production (koz) 6.5 7.2 6.9 7.6 Sep 25 Qtr Dec 25 Qtr Mar 26 Qtr Jun 26 Qtr Zinc Production (kt) 3.8 4.3 4.3 5.4 Sep 25 Qtr Dec 25 Qtr Mar 26 Qtr Jun 26 Qtr Lead Production (kt) 0.5 0.6 0.6 0.9 Sep 25 Qtr Dec 25 Qtr Mar 26 Qtr Jun 26 Qtr Copper Production (kt)
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APPENDIX 2: FY26 GROUP FINANCIAL PERFORMANCE Key Metric Units FY26 FY25 % Change Revenue $M 480.2 343.5 40 EBITDA – statutory $M 189.2 121.9 55 EBITDA – underlying $M 192.9 121.0 59 EBITDA margin – statutory % 39.4% 35.5% 11 EBITDA margin – underlying % 40.2% 35.2% 14 Net Profit/(Loss) After Tax – statutory $M 82.7 48.9 69 Net Profit/(Loss) After Tax – underlying $M 86.5 47.7 82 Basic earnings/(loss) per share $cps 4.88 2.89 69 Cash flows from operating activities $M 142.8 129.7 10 Cash flows from investing activities $M (102.9) (136.4) 25 Cash flows from financing activities $M (6.8) (0.6) 971 Group cash flow $M 33.1 (7.3) 552 2026 FULL YEAR FINANCIAL RESULTS | 27 AUGUST 2026 | PAGE 14
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Category Tonnes (kt) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) Measured 2,800 1.0 1.9 2.4 1.5 7 Indicated 14,000 1.6 0.9 1.7 0.9 8 Inferred 11,200 1.7 0.3 1.4 0.7 9 Total 28,000 1.6 0.8 1.6 0.9 8 APPENDIX 3 | MINERAL RESOURCES 2026 FULL YEAR FINANCIAL RESULTS | 27 AUGUST 2026 | PAGE 15 Group Tailings Stockpile Mineral Resource Estimate as at 30 June 2026 Note: Refer to ASX release 27 August 2026, “2026 Mineral Resource, Ore Reserve and Production Target Statement” for further details . Competent Person’s Statement: Peak Operation and Queen Bee Mineral Resource Estimates: The Mineral Resource Estimate was compiled by Chris Powell, BSc, MAusIMM , who is a full -time employee of Peak Gold Mines Pty Ltd (PGM). This involves the compilation of the drilling database, assay va lidation and geological interpretations for the Peak and Queen Bee Mineral Resource Estimates. Mr Powell has sufficient experience which is relevant to the style of minerali sation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserve s’. Mr Powell consents to the inclusion in this report of the matters based on their information in the form and context in which it appears.. Federation Mine, Nymagee , New Occidental tailings stockpile Mineral Resource Estimates: The Mineral Resource Estimate was compiled by Chloe Cavill, BSc, MEcon. Geo, MAIG, who is a full -time employee of Aurelia Metals Limited. This involves the compilation of the drilling database, assay validation and geological interpretations for the New Occidental Tailings, Federation and Nymagee Mineral Resource Estimates. Mrs Cavill has sufficient experience which is relevan t to the style of mineralisation and type of deposit under consideration and to the activity which she is undertaking to qualify as Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resou rces and Ore Reserves’. Mrs Cavill consents to the inclusion in this report of the matters based on their information in the for m and context in which it appears. AMI confirms that it is not aware of any new information or data that materially affects the information in the ASX Announcem ent dated 27 August 2026 ‘Mineral Resource, Ore Reserve and Production Target Statement’ and all material assumptions and technical parameters underpinning the estimates in that announcement continue to apply and have not materially changed. Group Underground Mineral Resource Estimate as at 30 June 2026 Category Tonnes (kt) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) Indicated 2,300 - 0.66 - - - Inferred 300 - 0.63 - - - Total 2,600 - 0.65 - - -
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APPENDIX 4 | ORE RESERVES 2026 FULL YEAR FINANCIAL RESULTS | 27 AUGUST 2026 | PAGE 16 Group Tailings Stockpile Ore Reserve Estimate as at 30 June 2026 Tonnes (kt) NSR (A$/t) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) Probable 2,300 40 - 0.64 - - - Total 2,300 40 - 0.64 - - - Note: Refer to ASX release 27 August 2026, “2026 Mineral Resource, Ore Reserve and Production Target Statement” for further details . Competent Person’s Statement: Ore Reserve Estimate – Peak Operation, Federation Mine, New Occidental tailings stockpile: The Ore Reserve Estimate was compiled by Adriaan Engelbrecht, BEng (Mining), MAusIMM , who is a full -time employee of Aurelia Metals Limited. Mr Engelbrecht has sufficient experience which is relevant to the styl e of mineralisation and type of deposit under consideration and to the activity for which he is undertaking to qualify as Competent Person as defined in the 2012 Edi tion of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Engelbrecht consen ts to the inclusion in this report of the matters based on their information in the form and context in which it appears. AMI confirms that it is not aware of any new information or data that materially affects the information in the ASX Announcem ent dated 27 August 2026 ‘Mineral Resource, Ore Reserve and Production Target Statement’ and all material assumptions and technical parameters underpinning the estimates in that announcement continue to apply and have not materially changed. Group Underground Ore Reserve Estimate as at 30 June 2026 Tonnes (kt) NSR (A$/t) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) Proved 1,700 400 0.8 2.2 3.2 1.9 7 Probable 4,200 330 1.1 1.4 2.6 1.6 6 Total 5,900 350 1.0 1.6 2.8 1.7 6
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APPENDIX 5 | GROUP MINERAL RESOURCES ESTIMATE 2026 FULL YEAR FINANCIAL RESULTS | 27 AUGUST 2026 | PAGE 17 Group Mineral Resource Estimate as at 30 June 2026 Note: Refer to ASX release 27 August 2026, “2026 Mineral Resource, Ore Reserve and Production Target Statement” for further details . The MRE is reported inclusive of Ore Reserves. There is no certainty that Mineral Resources not included in Ore Reserves will be converted to Ore Reserves. The Group MRE utilises A$145/t net smelter return (NSR) cut -off for mineable shapes that include internal dilution. NSR is an estimate of the net recoverable value per tonne including offsi te costs, payables, royalties and metal recoveries. A zero NSR cutoff value has been applied to Tailing Stockpile. Values are reported to two significant figures which may result in rounding discrepancies in the totals. . Project Category Tonnes (kt) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) Peak Mine copper Measured 1,900 1.2 1.6 0.1 0.1 6 Indicated 9,700 1.7 1.0 0.1 0.1 6 Inferred 8,000 1.9 0.3 0.1 0.0 7 Total 19,600 1.8 0.8 0.1 0.1 6 Peak Mine zinc-lead Measured 400 0.5 2.3 2.8 1.8 12 Indicated 400 0.4 1.8 3.8 2.2 16 Inferred 1,000 0.8 0.3 5.8 2.9 26 Total 1,800 0.6 1.1 4.7 2.5 20 Federation Measured 500 0.3 2.8 11 6.6 9 Indicated 1,900 0.3 0.9 9.1 5.2 7 Inferred 800 0.2 0.2 9.0 5.1 6 Total 3,200 0.3 1.0 9.3 5.4 7 Nymagee Measured - - - - - - Indicated 1,900 2.2 0.1 1.5 0.7 14 Inferred 870 1.7 0.1 2.1 1 16 Total 2,800 2.0 0.1 1.7 0.7 15 Queen Bee Measured - - - - - - Indicated - - - - - - Inferred 600 2.5 0.1 0.1 0.1 13 Total 600 2.5 0.1 0.1 0.1 13 Group Underground Mineral Resource Estimate Measured 2,800 1.0 1.9 2.4 1.5 7.2 Indicated 14,000 1.6 0.9 1.7 0.9 7.8 Inferred 11,000 1.7 0.3 1.4 0.7 9.5 Total 28,000 1.6 0.8 1.6 0.9 8.3 New Occidental tailings Stockpiles Measured - - - - - - Indicated 2,300 - 0.66 - - - Inferred 300 - 0.63 - - - Total 2,600 - 0.65 - - -
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APPENDIX 6 | GROUP ORE RESERVE ESTIMATE 2026 FULL YEAR FINANCIAL RESULTS | 27 AUGUST 2026 | PAGE 18 Group Underground Ore Reserve Estimate as at 30 June 2026 0 Category Tonnes (kt) NSR (A$/t) Cu (%) Au (g/t) Zn (%) Pb (%) Ag (g/t) Peak copper Proved 1,000 320 1.2 2.1 0.1 0.1 5 Probable 2,600 320 1.6 1.5 0.0 0.1 5 Total 3,600 320 1.5 1.7 0.0 0.1 5 Peak lead -zinc Proved 200 310 0.4 2.3 3.0 1.6 14 Probable 300 310 0.4 2.2 3.2 1.8 14 Total 500 310 0.4 2.2 3.1 1.7 14 Federation Proved 500 550 0.3 2.6 9.6 5.7 8 Probable 1,300 350 0.3 1.0 7.8 4.6 6 Total 1,800 410 0.3 1.4 8.3 4.9 7 Group Underground Ore Proved 1,700 400 0.8 2.2 3.2 1.9 7 Probable 4,200 330 1.1 1.4 2.6 1.6 6 Total 5,900 350 1.0 1.6 2.8 1.7 6 New Occidental Tailings Proved - - - - - - - Probable 2,300 40 - 0.64 - - - Total 2,300 40 - 0.64 - - - Note: Refer to ASX release 27 August 2026, “2026 Mineral Resource, Ore Reserve and Production Target Statement” for further details . Values for underground ore reserve estimates are reported to two significant figures which may result in rounding discrepanci es in the totals. The Group Underground Ore Reserve estimate utilises A$50/t NSR cut -off for development and A$185 -205/t for stoping . Values for tailings stockpile ore reserve estimates are reported to two significant figures which may result in rounding disc repancies in the totals. The Group Surface Ore Reserve estimate only includes New Occidental tailings and utilises A$20/t NSR cut -off