Ora Banda Mining Ltd. · ASX:OBM
Ora Banda Mining — Investor Presentation (March 2023)
21 slides from Ora Banda Mining's investor presentation, Mar 23, 2023
Slide 1: Corporate Presentation – Riverina Underground Approved
Corporate Presentation – Riverina Underground Approved Positive FID Outcome committing to The DRIVE to 100 Luke Creagh Managing Director 23 March 2023 ABN 69 100 038 266
Slide 2: Forward Looking Statements
Forward Looking Statements IMPORTANT NOTICE AND DISCLAIMER This Presentation contains summary information about the Company and its activities which is current as at the date of this Presentation. The information in this Presentation is of a general nature and does not purport to be complete nor doe
Slide 3: Disclaimers
Disclaimers Information regarding Exploration Results for Riverina Underground is set out in the ASX announcement 'Riverina Resource & Reserve Update' dated 16 February 2023. The Company confirms that it is not aware of any new information or data that materially affects the information included in
Slide 4: Project Overview
Project Overview OBM Davyhurst tenements are located ~100km north-west of Kalgoorlie and are centred on the following key project hubs: • Siberia & Davyhurst • Riverina & Mulline • Callion & Lady Ida These project hubs include: • ~1,200 square kilometre land holding over 130km length • >120km combin
Slide 5: Corporate Overview
Corporate Overview Capital Structure Board of Directors Share Price1 A$/share 0.13 Peter Mansell Non-executive Chairman (Corporate Lawyer) Shares on issue1 M 1,425.8 Luke Creagh3 Managing Director (Mining Engineer) Options & performance rights on M 110.3 Non-executive Director (Chartered issue1 Alan
Slide 6: Recent Transactions
Recent Transactions $14.2 million to be received from recent transactions1 OBM has agreed to: • Sale of non-core Lady Ida tenements for $10 million to Lamerton Pty Ltd and Geoda Pty Ltd • Sale of non-core Lady Ida exploration tenements for $2.5 million to Beacon Minerals Ltd via its wholly-owned sub
Slide 7: Riverina Underground – Approved to commence
Riverina Underground – Approved to commence OBM Board of Directors approves FID for Riverina Underground (subject to achieving funding requirements) Estimated Capital requirement ~$30 million (capital requirement estimate included external consultant reports, latest tendered figures & internal finan
Slide 8: DRIVE to 100 – FY25 Production Target >100kozpa
DRIVE to 100 – FY25 Production Target >100kozpa Forecast Oz Produced • Positive decision to develop Riverina Underground Mine creates FY23 to FY25 a clear path to a production target above 100koz per annum 120 Year-on-year growth of 3,000 • Riverina Underground Project, with the higher reserve grade
Slide 9: Riverina Underground – Early days in a big system
Riverina Underground – Early days in a big system • Main Lode East Reserve outline compared to mineralisation envelope and Phase 2 drilling campaign • Phase 2 program is targeting extensions to the mineralisation envelope further south and at depth • In the past 37 years, only 17.8km of diamond dril
Slide 10: Riverina – First Exploration Priority
Riverina – First Exploration Priority 3-Year Strategy to focus on high-grade underground targets delivers quick success (1984 – 2022) +20.0km diamond metres • Riverina Underground Mineral Resource doubles to 303,000 forecast for CY2023 Strategy targeting ounces at 4.1g/t1 high grade underground mine
Slide 11: Missouri Open Pit
Missouri Open Pit Missouri Pit (Siberia Trend) – current mining front Operational improvements took effect in the December quarter with key achievements including: • Mining productivity increased by 27% • Mined ounces increased by 33% • Processed tonnes increased by 11%, including record tonnes mill
Slide 12: Proposed Capital Works - Upgrades
Proposed Capital Works - Upgrades Crushing Circuit Upgrades & Camp Expansion Crushing Circuit Upgrades • Objective to de-bottleneck crushing circuit and reduce maintenance burden • Project includes Tertiary crusher replacement • Estimated project costs $2.5M Camp Expansion • Objective to house 100%
Slide 13: Finding the next High Grade Underground Mine
Finding the next High Grade Underground Mine Further funding allows OBM to continue to pursue the next high grade underground mine to drive further growth Riverina South (Slide 14) • Phase 2 drilling program will target continuity of the Riverina system to the south • This presents as a high priorit
Slide 14: Exploration for next High Grade UG Mine – Riverina Sth
Exploration for next High Grade UG Mine – Riverina Sth CURRENT MINE DESIGN SOUTHERN LIMIT OF PROPOSED MINING OPERATION SEARCH AREA FOR NEXT HIGH GRADE UNDERGROUND MINE PLANNED DRILLING 14
Slide 15: Missouri – Good prospectivity for Underground
Missouri – Good prospectivity for Underground • Historically no drilling under the Missouri Open Pit looking for underground potential • Deepest holes are only ~200m deep and demonstrate grades and widths supporting an underground • Current mining in the open pit show the WMC lode and Monarch lodes
Slide 16: Callion – advanced underground target
Callion – advanced underground target Callion Underground • Detailed structural mapping has fundamentally changed our geological model • Drilling will target down plunge extension as well as along strike & stacked repeats to the high grade Callion underground • Current Resource of ~107koz at 4.9g/t,
Slide 17: Exploration Outlook – Other Metals
Exploration Outlook – Other Metals Priority remains on gold growth, but as part of our exploration strategy OBM will continue to advance other opportunities Lithium Prospectivity • Commenced detailed in-house first pass review of lithium potential • Scope includes desktop, field assessment, target g
Slide 18: Value Creation – OBM's Three Year Strategy
Value Creation – OBM’s Three Year Strategy Short Term Medium Term Longer Term Focus on the fundamentals Leverage organic opportunities Performance drives growth • Improve mining operating capability to deliver • Continuous improvement in operations to • Bring higher-margin mines performance as plann
Slide 19: Values | How We Operate
Values | How We Operate We target We are a We We Zero Harm Team with a Pursue Solutions Accept the Challenge Winning Mindset with Intent to Create Value • Safety imbedded in all • Plan to win - targets are • Communication positive • Develop our people to that we do known and achieved and respectful
Slide 20: Committing to DRIVE to 100
Committing to DRIVE to 100 Riverina UG approval puts OBM on path to target 100kozpa in FY25 Additional funds strengthen OBM balance sheet: - $14.2m Close Lady Ida transactions (estimated April 2023) The DRIVE to 100 key milestones on include: - Riverina underground portal scheduled May 2023, steady
Slide 21: The DRIVE to 100
The DRIVE to 100 March 2023 ABN 69 100 038 266
Ora Banda Mining — Investor Presentation (March 2023) on 6ix