Ora Banda Mining Ltd. · ASX:OBM
Ora Banda Mining — Investor Presentation (July 2020)
26 slides from Ora Banda Mining's investor presentation, Jul 16, 2020
Slide 1: Advancing Towards Production at Davyhurst
For personal use only ADVANCING TOWARDS PRODUCTION AT DAVYHURST Investor Presentation – July 2020 1
Slide 2: Important Notice
IMPORTANT NOTICE No reliance: This presentation is a document that has been prepared by Ora Banda Mining Limited (“Company”, “OBM” or “Ora Banda”) for the purpose of providing a company and technical overview to interested investors. None of the Company, nor any of its related bodies corporate, thei
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS • Positioned to be Australia’s next gold producer For personal use only • Definitive Feasibility Study (DFS) 1 confirms Davyhurst as a financially robust development project – Initial ~5.2 year mine life with first gold pour forecast in Q1 CY 2021 – 81kozpa – average annual gol
Slide 4: Corporate Overview
CORPORATE OVERVIEW For personal use only Ora Banda Mining (ASX:OBM) Board of Directors Share Price (14 July 2020) A$/share $0.28 Peter Mansell • Corporate lawyer with over 40 years’ experience Shares on issue 1,2 M 719.1 Non-executive Chairman • Currently Non-executive Chairman of Energy Resources o
Slide 5: 1. Key DFS Outcomes
For personal use only 1. KEY DFS OUTCOMES 5 5
Slide 6: Compelling Financial Metrics
COMPELLING FINANCIAL METRICS1 • Strong financial returns for a technically robust re-start Key DFS Outcomes Unit Base Case Spot Case For personal use only Gold price A$/oz 2,100 2,550 • First gold pour targeted for January 2021 Gold produced (LOM) Koz 418 • DFS base case of A$2,100/oz gold price Gol
Slide 7: Near Term +80koz pa Producer
NEAR TERM +80KOZPA PRODUCER1 • 81koz average annual gold production ANNUAL ORE TONNAGE & ORE GRADE MINED BY PIT For personal use only 1400 3 – Production target of 481koz over initial 5.2 year mine life 2.58 2.53 Ore Tonnage (t) 2.44 Ore Grade (g/t Au) Thousands 1200 2.5 • 28 week project delivery e
Slide 8: Pre-Existing Infrastructure Enables Rapid Re-Start
PRE-EXISTING INFRASTRUCTURE ENABLES RAPID RE-START • Significant existing infrastructure 1.2Mtpa Davyhurst Processing Plant For personal use only facilitates near term production with low capex: – Refurbished 1.2Mtpa conventional process plant (replacement cost ~$100m) – 172 person accommodation cam
Slide 9: Pre-Production Capital Costs
PRE-PRODUCTION CAPITAL COSTS • Significant existing infrastructure enables a rapid and Pre-Production Capital Costs A$M For personal use only low-capex path to production Processing plant – direct costs 8.7 • Total estimated capital cost of A$45 million (+/- 10% Processing plant – indirect costs 2.6
Slide 10: 2. Mine Development Program
For personal use only 2. MINE DEVELOPMENT PROGRAM 10 10
Slide 11: Six Key Deposits to Underpin Production
SIX KEY DEPOSITS TO UNDERPIN PRODUCTION1 For personal use only 11 1. Refer to Appendix (Slides 24) - Mining Reserve Statement for further details
Slide 12: Six Key Deposits to Underpin Production
SIX KEY DEPOSITS TO UNDERPIN PRODUCTION • DFS mine plan based on Ore Reserve of 6.1Mt @ 2.4g/t Au Mined Processed Grade Gold Produced AISC For personal use only DFS mining schedule Ore (kt) Ore (kt) (Au g/t) (koz) (A$/oz) for 460koz Au1 First production to 30 June 2021 530 500 2.2 35 1,615 • Convent
Slide 13: Key Activities on Path to Production
KEY ACTIVITIES ON PATH TO PRODUCTION Key Workstreams Q2 CY20 Q3 CY20 Q4 CY20 Q1 CY21 Q2 CY21 Q3 CY21 Q4 CY21 For personal use only DFS Definitive Feasibility Study Completed Mining Timeline Early Works 1. Riverina Ore to RoM Pad Mining Timeline Early Works 2. Golden Eagle Ore to RoM Pad Mining Timel
Slide 14: Riverina
1 RIVERINA Mine Development Riverina - Open Pit & Underground Riverina For personal use only Isometric view looking north-west • Resource 3.7 Mt @ 2.7 g/t for 322 koz1 - Open Pit 3.0 Mt @ 1.9 g/t for 183 koz - Underground 0.7 Mt @ 5.9 g/t for 139 koz • Ore Reserve 1.4 Mt @ 1.8 g/t for 81 koz2 • Loca
Slide 15: Golden Eagle
2 GOLDEN EAGLE Mine Development Golden Eagle - Underground For personal use only • Resource 0.4 Mt @ 3.9 g/t for 49 koz1 Golden Eagle Long Section • Ore Reserve 0.1 Mt @ 3.8 g/t for 16 koz2 • Located 2 km from Davyhurst Process Plant • Substantial development complete (mine developed to 150m vertica
Slide 16: Missouri
3 MISSOURI Mine Development Missouri Missouri - Open Pit & Underground For personal use only Isometric view looking north-west • Resource 2.1 Mt @ 3.4 g/t for 227 koz1 • Ore Reserve 1.5 Mt @ 2.6 g/t for 130 koz2 • Located 37 km from Davyhurst Process Plant Missouri Mine Design Showing pit design & m
Slide 17: Sand King
4 SAND KING Mine Development Sand King - Open Pit & Underground For personal use only Sand King Mine Design • Resource 2.5 Mt @ 3.5 g/t for 286 koz1 Showing pit design & mineralisation wireframes • Ore Reserve 1.3 Mt @ 2.6 g/t for 110 koz2 Isometric view looking north-west • Located 37 km from Davyh
Slide 18: Waihi
5 WAIHI Mine Development Waihi - Open Pit & Underground For personal use only • Resource 2.5 Mt @ 2.6 g/t for 206 koz1 - Open Pit 2.1 Mt @ 2.4 g/t for 159 koz - Underground 0.4 Mt @ 3.8 g/t for 47 koz • Ore Reserve 1.5 Mt @ 2.3 g/t for 110 koz2 • Located 3 km from Davyhurst Process Plant • Undergrou
Slide 19: Callion
6 CALLION Mine Development Callion - Open Pit & Underground For personal use only • Resource 0.7 Mt @ 4.9 g/t for 107 koz1 • Ore Reserve 0.2 Mt @ 2.6 g/t for 21 koz2 • Located 14 km from Davyhurst Process Plant • High grade underground potential 1. Refer to Appendix (Slides 24,25) - Mineral Resource
Slide 20: 3. Ongoing Exploration Programs
For personal use only 3. ONGOING EXPLORATION PROGRAMS 20 20
Slide 21: Riverina South - An Advanced Near Mine Prospect
RIVERINA SOUTH - AN ADVANCED NEAR MINE PROSPECT Exploration Riverina South Prospect – Adjoins Riverina Open pit For personal use only • First pass 3,639m exploration drilling program returned exciting results • Phase 2 - 7,200m follow up drilling program underway Recent Exploration Results • 13.0m @
Slide 22: Exploration Potential – Multiple Regional Prospects
EXPLORATION POTENTIAL – MULTIPLE REGIONAL PROSPECTS Exploration Large landholding covering 1,350km2 and many kms of prospective strike For personal use only Tenement consolidation occurred in 2007, but no coherent exploration effort undertaken as yet High priority targets include well-defined but po
Slide 23: Appendices
23 For personal use only APPENDICES 23
Slide 24: Appendix A – Ore Reserve Table
APPENDIX A – ORE RESERVE TABLE For personal use only PROVED PROBABLE TOTAL MATERIAL PROJECT ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.) Sand King - - 1,300 2.6 1,300 2.6 110 Missouri - - 1,500 2.6 1,500 2.6 130 Riverina Open Pit - - 1,400 1.8 1,400 1.8 81 Golden Eagle - - 130 3.8 13
Slide 25: Appendix B – Mineral Resource Table
APPENDIX B – MINERAL RESOURCE TABLE For personal use only Notes: 1. The Missouri, Sand King, Riverina, Waihi, Callion & Golden Eagle Mineral Resources have been updated in accordance with all relevant aspects of the JORC code 2012, and initially released to the market on 15 December 2016 & 26 May 20
Slide 26: For personal use only
For personal use only David Quinlivan Managing Director Email: info@orabandamining.com.au Phone: +61 8 6365 4548 26