ATYMFSjune - Atalaya Mining

INVESTOR
FA C T S H E E T
AIM:ATYM
TSX:AYM
A new low risk copper producer in Europe
SHARE CAPITAL
As at 13/01/2016
Shares on issue
116.7 Million
Shares (diluted)
118.1 Million
Share price
GBP 93.5
Market cap (undiluted)
£109.1 Million
CORPORATE PROFILE
Atalaya Mining Plc is a new, low risk
copper producer in Europe which has
brought the Riotinto Copper Project in
Spain back into production considerably
ahead of schedule and under budget.
The Company is listed on AIM in London
(AIM:ATYM) and on the Toronto Stock
Exchange (TSX:AYM). Following a GBP64.9
million financing in June 2015, production
start-up at an initial rate of 5.0Mtpa was
achieved ahead of schedule, with
commercial production being declared at the
beginning of February 2016. Utilising the
substantial existing infrastructure, the
Company was able to reconstruct the
processing facilities with significant capex
savings.
Work began immediately on the Expansion
Project which will double production to
9.5Mtpa. Commissioning of the Expansion
is already under way with ramp-up to full
production expected some four months
ahead of schedule.
The open-pit mine (Cerro Colorado) has ore
reserves totalling 606,000 tonnes of
contained copper. Infill drilling within the pit
is ongoing in order to obtain a refined
detailed block model that can be used for
mine planning and further pit optimisation,
as well as potentially extending the mine life.
Further exploration potential exists both at
depth and in neighbouring deposits east and
west of Cerro Colorado. In addition, being
located on the highly prospective Iberian
pyrite belt, there is considerable district
potential within the exploration permits that
the Company controls.
INVESTMENT HIGHLIGHTS
Phase 1 of plant reconstruction achieved ahead of schedule and
under budget – low capital intensity as a result of significant existing
infrastructure in safe political jurisdiction
Commercial production declared at 1st February, 2016 – Phase 1
throughput of 5.0Mtpa
Fully financed with no recourse to senior debt – significant capital
savings
Construction of Expansion Project completed, commissioning under
way – doubles production to 9.5Mtpa by end Q3 2016
Experienced team with proven development and operating track
record – important in-country expertise enabled fast track development
Supportive strategic shareholders – 100% of the offtake secured for
first 15 years of production
Refurbished Flotation Area
RIOTINTO COPPER PROJECT OVERVIEW
Processing facilities refurbished ahead of schedule and under budget
Initial production of 5Mtpa expanding rapidly to 9.5Mtpa for between
42,000tpa Cu to 45,000tpa Cu in concentrate by end Q3 2016
Strip ratio of 1.1:1
LOM total cash costs: US$1.90/lb ¹
Proven and probable reserves of 123Mt @ 0.49% Cu for 606,000t Cu 2
Measured and indicated resources of 203Mt @ 0.46% Cu for
930,000t Cu 2
¹ Behre Dolbear NI 43-101 report dated 18 February 2013 used US$/€ exchange rate of US$1.25.
² Behre Dolbear NI 43-101 report dated 18 February 2013 based on 0.2% cut-off grade. Resources are inclusive of
Reserves. Resources are based on US$3.00/lb pit shell. Reserves are based on US$2.00/lb pit shell
New Control Room - Grinding & Flotation Areas
WWW.ATALAYAMINING.COM
JUNE 2016
*
I N V E S T O R FA C T S H E E T
J U N E 2 01 6
RESERVES AND RESOURCES PROYECTO RIOTINTO
CORPORATE STRUCTURE
RESERVES
Mt
Cu%
‘000t
Proved
39
0.38
148
Probable
84
0.54
458
123
0.49
606
RESOURCES
Mt
Cu%
‘000t
Measured
48
0.38
179
Indicated
155
0.49
754
TOTAL Measured & Indicated Resources
203
0.46
933
2
0.50
10
TOTAL Ore Reserves
Inferred
OWNERSHIP (UNDILUTED)
CAMPOFRÍO
AGUZADERA
Alberto Lavandeira
Managing Director and CEO
Over 37 years of experience operating and
developing mining projects including Rio
Narcea Gold Mines Ltd from 1995 to 2007
Harry Liu Non-Executive Director
Vice President Yanggu Xiangguang
responsible for corporate development
GOSSAN
COBRE
RIOTINTO
SEVILLE
HUELVA
PLANT AREA
NORTH
WASTE DUMP
CERRO COLORADO
OPEN PIT
Matsa
(Trafigura&
Mubadala)
SOUTH
WASTE DUMP
N-435
0
Proyecto
Riotinto
E -1
A-49
Huelva
PROPOSED PIT OUTLINE
PROPOSED DUMP OUTLINE
50
E-803
(First Quantum)
A-4
Seville
A-92
Atlantic Copper Smelter
PLANT AREA
Cádiz
E-5
A-4
Damon Barber Non-Excutive Director
Senior Managing Director of Liberty
Metals & Mining Holdings, LLC
José Sierra Non-Executive Director
Engineer, former Director-General
Mines in Spain
Proyecto
Riotinto
Hussein Barma Non-Executive Director
Principal of Barma Advisory. Formerly CFO
(UK) of Antofagasta plc
A-4
LAND + MINERAL RIGHTS
Jonathan Lamb Non-Executive Director
Investment Manager at Orion Mine Finance formerly for Red Kite Group’s Mine Finance business
SPAIN
N-IV
WATER DAMS
POWER SUPLY
100 km
Las Cruces
(Freeport McMoRan)
TAILINGS DAM
1
14.0%
Jesús Fernández Non-Executive Director
Head of the M&A team for Trafigura. He has
15 years’ experience in mining investments
and financing
AGUAS LIMPIAS
0.5
Liberty Metals & Mining
Roger Davey Non-Executive Chairman
Engineer, director of several mining
companies
RIOTINTO LICENCES
0
22.0%
21.9%
14.6%
BOARD OF DIRECTORS
Source: ATALAYA Mining
CORTA
ATALAYA
OPEN PIT
Urion Mining (Trafigura)
Yanggu Xiangguang Copper
Orion Mine Finance
Other Mines
City/Town
Major Roads
Minor Roads
2 Km
of
Stephen Scott Non-Executive Director
President and CEO of Minenet Advisors.
Formerly held executive positions at Rio
Tinto plc
CORPORATE OFFICE
INVESTOR RELATIONS
T: +357 2244 2705
F: +357 2242 1956
E: [email protected]
www.atalayamining.com
North America - Roth Investor Relations
Michelle Roth +1 732 792 2200
[email protected]
UK & Europe - 4C Communications
Carina Corbett +44 20 3170 7973
[email protected]