Ann: Investor Presentation - September 2021 Update & Outlook, page-3

I just got this...Tue, 26 Oct at 9:31 am

Tuesday, 26 October 2021

AMI - AURELIA METALS LIMITED

Macquarie rates AMI as Outperform (1) - First quarter production was ahead of Macquarie's estimates. Higher production at Hera and Dargues more than offset lower gold output from Peak.

Dargues was the highlight as production more than doubled quarter on quarter. No changes to made to FY22 guidance with production still expected to be 112-123,000 ounces at an all-in sustainable cost of $1500-1700/oz.

Base metal production was also strong amid good grades at Peak. Macquarie observes the company has signalled that first quarter would be the weakest in FY22 and a stronger performance should be the way for the remainder of the year.

Outperform maintained. Target rises to $0.55 from $0.50.

Target price is $0.55 Current Price is $0.40 Difference: $0.15 If AMI meets the Macquarie target it will return approximately 38% (excluding dividends, fees and charges). The company's fiscal year ends in June.

Forecast for FY22:

Macquarie forecasts a full year FY22 dividend of 0.00 cents and EPS of 1.10 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 36.36.

Forecast for FY23:

Macquarie forecasts a full year FY23 dividend of 0.00 cents and EPS of 1.60 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 25.00.

Market Sentiment: 1.0All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources