Ormonde Mining Plc · AQUIS:ORM

Ormonde Mining — Shareholder Meeting (August 2016)

18 slides from Ormonde Mining's shareholder meeting presentation, Aug 23, 2016

1. Slide 1: Barruecopardo Tungsten Project

   BARRUECOPARDO TUNGSTEN PROJECT • Permitted • Funded • In Development • Upside 23 August 2016 1

2. Slide 2: Disclaimer

   ORMONDE MINING Disclaimer The content of this document has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (as amended). Reliance on this document for the purpose of engaging in any investment activity may expose an individual to a signific

3. Slide 3: Operations – Low risk

   Operations – Low risk  DFS Completed, Permits & Funding in place: Initial 9 yr mine life (2,600t WO3 or 260,000 mtu/year steady state) Environmental and Mining Permits in place  Simple Mining: Open-pit, contract mining, utilising and benefiting from experienced mining contractors in the region  S

4. Slide 4: Capex and Opex costs - Exceptional

   Capex and Opex costs - Exceptional Project Capex Project Opex EURm Project Opex USD/mtu EUR/mtu % Plant Engineering & Construction Mining (Ore) 19.1 17.4 17% 32.5 Project Services (land, power-line, etc.) Mining (Waste)* 70.4 64.0 62% 4.5 Water Management Scheme Processing 18.7 17.0 16% 9.9 Mining P

5. Slide 5: Global cost curve – Well positioned

   Global cost curve – Well positioned Global tungsten production cost curve, 2014 ($/mtu WO3) Barruecopardo production cost % of total output - cumulative Source: Argus Media Ltd, February 2015 5

6. Slide 6: Price trough – Good time to be developing

   Price trough – Good time to be developing 1 2 3 4 Source: Metal Bulletin 1. Chinese domestic demand increases and export quotas coming into effect 2. Price rebound after GFC, plus stockpiling 3. General weakening of commodity price environment 4. Rising demand in some sectors (eg: automotive) still

7. Slide 7: Supply and demand

   Supply and demand Supply Side - Tightening Demand Side - Growth  China: Restrictions on new mine permits  Growth in primary W demand correlates closely to global GDP growth  China: Higher costs, lower grade, deeper mining  Global GDP growth estimated 3.6% for 2017 (IMF)  China: Producers cuttin

8. Slide 8: Project outline timeline

   Project Project outline Outline timeline Timeline H1 2016 H2 2016 H1 2017 H2 2017 PLANT ENGINEERING AND CONSTRUCTION Detailed Engineering Procurement Construction and Installation Commissioning LAND Compulsory Acquisition WATER MANAGEMENT Construction and Pit Dewatering MINING PREPARATION Mining and

9. Slide 9: On the move – Recent achievements

   OnProject the moveOutline – Recent Timeline achievements Achievements – Q4 2015 to Q2 2016  Permissions: Water use license - Received  Land: Exercise of Land Option to Purchase Agreements – Complete 98%  Land: Compulsory acquisition – Declaration of Urgent Occupation - Received  Engineering: Fin

10. Slide 10: On the move – On the ground activities

    OnProject the moveOutline – On Timeline the ground activities 10

11. Slide 11: Expansion potential - Significant

    Expansion potential - Significant Barruecopardo resource in red and open pit shell in blue – view looking upwards ( and west) towards ground surface Significant potential to extend life of mine, increase production:  Planned open pit captures only ~40% of current total Resources  Deposit open alon

12. Slide 12: Expansion - 2000m drilling program completed May'16

    Expansion - 2000m drilling program completed May’16:  Aim: Confirm mineralisation extensions at depth beneath central part of planned pit, plus follow-up on potentially expanded zone under shallow Northern end of pit.  Key Results:  BAR83: 23m @ 0.26% WO3 from 172m and 5m @ 1.95% WO3 from 404m 

13. Slide 13: Expansion potential – First results

    Expansion potential – First results Drill rig operating during drilling program Coarse grained tungsten mineralisation from recent drilling program Core logging during recent drilling program 13

14. Slide 14: Expansion potential – Underground (stage 2)

    Expansion potential – Underground (stage 2) Conceptual Underground Access & Development 14

15. Slide 15: Expansion potential - Satellites

    Expansion potential - Satellites Satellite Mineralisation on Mining Concession & Surrounding Permits 15

16. Slide 16: Growth

    Growth Barruecopardo Growth Strategy 1. Deliver stable production based on DFS 2. Increase production and mine life through investigation & evaluation of depth extensions to current resource with objective of establishing an underground (Stage 2) mine 3. Target further expansion through investigatio

17. Slide 17: Ormonde investment case

    Ormonde investment case  New, Focussed Management Team  Strengthened and experienced Board  Exposure to fully permitted and funded tungsten project in a favourable location  Exposure to strategy of realising significant additional value through growing:  mine life  production rate  asset valu

18. Slide 18: Focused on

    ORMONDE MINING Focused on  Shareholder Value  Bringing Barruecopardo Project online - on budget  Aggressively growing value of Barruecopardo asset  Actively seeking growth opportunities 23 August 2016 18

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