Orvana Minerals Corp. · TSX:ORV
Orvana Minerals — European Gold Forum 2013
25 slides from Orvana Minerals's conference presentation, April 2013
Slide 1: Orvana Minerals Corp. – European Gold Forum
O R VANA MINERALS CORP. European Gold Forum April, 2013
Slide 2: Forward Looking Statements
O RVANA MINERALS CORP. FORWARD LOOKING STATEMENTS Certain statements in this presentation constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Any statements that express or involve discussions with resp
Slide 3: Momentum
O RVANA MINERALS CORP. MOMENTUM Q4 - 2011 Q2 - 2012 EVBC DON MARIO - UMZ COPPERWOOD Production Production Value Realization 3
Slide 4: Company Snapshot
O RVANA MINERALS CORP. COMPANY SNAPSHOT Market Overview, as at March 15, 2013 Stock Chart (1 Year) Ticker TSX:ORV Shares Outstanding 136.6 M Options 2.7 M Warrants 1.8 M Market Cap. (Basic) ~$150 M Major Shareholder Fabulosa Mines Ltd. (52%) Balance Sheet (12/31/12, US$M) Analyst Coverage Unrestrict
Slide 5: Total Production
O RVANA MINERALS CORP. TOTAL PRODUCTION Gold oz Copper k/lbs Silver k/oz FY2013 Forecast Gold Copper Silver 75,000 18 million 850,000 ounces pounds ounces 5
Slide 6: El Valle-Boinás Carlés (EVBC) Spain
EL VALLE-BOINÁS CARLÉS (“EVBC”) SPAIN 6
Slide 7: EVBC
O RVANA MINERALS CORP. EVBC 2012 first full year of commercial production Ground instability and power issues addressed 420-metre deep shaft Commissioned Q4-2012 Operational Q1-2013 50,000 Au oz reserves added in FY2012 2P: 812koz 7
Slide 8: EVBC Production
O RVANA MINERALS CORP. EVBC PRODUCTION 63,000 oz 42,864 oz Q1 Actual 9,336 oz 6 Mlbs 200,000 oz 3.95 Mlbs 117,113 oz 1.05 Mlbs Q1 Actual 28,456 oz Q1 Actual 8
Slide 9: EVBC Cash Costs
O RVANA MINERALS CORP. EVBC CASH COSTS Stabilizing Performance FY 2012 cash cost of ~ $850/oz gold sold net of by-product revenue ($1,073 total production costs including depreciation) Q1 2013 cash cost of $847/oz gold sold net of by-product revenue ($1,053 total production costs) Cash Cost net of b
Slide 10: EVBC Reserves/Resources
O RVANA MINERALS CORP. EVBC RESERVES/RESOURCES Grade Contained Metal Tonnes Au Ag Cu Au Ag Cu Proven and Probable (M/t) (g/t) (k, g/t) (%) koz koz Mlbs EVBC 7.9 3.4 10 0.52% 865 2,545 91 Measured and Indicated Tonnes Au Ag Cu Au Ag Cu (includes P&P) (M/t) (g/t) (k, g/t) (%) koz koz Mlbs EVBC 8.5 4.8
Slide 11: Don Mario Upper Mineralized Zone UMZ Bolivia
DON MARIO UPPER MINERALIZED ZONE “UMZ” BOLIVIA
Slide 12: UMZ
O RVANA MINERALS CORP. UMZ 10th year of production UMZ commercial production Q2 2012 Complex ores Concentrates committed High-Pb Cu con Oxide cement (>50% Cu) No COMIBOL contract Updated reserve estimate (Dec 2012) Mine life into 2018 12
Slide 13: UMZ Production
O RVANA MINERALS CORP. UMZ PRODUCTION 13,065 oz 12,000oz 9,977oz Q1 Actual 12 Mlbs 650,000oz 599,167oz 11.42 Mlbs 2,218oz Q1 Actual Q1 Actual 13
Slide 14: UMZ Cash Costs
O RVANA MINERALS CORP. UMZ CASH COSTS Improving Performance Continuous optimization efforts FY 2012 cash costs (co-product) $1,143/oz gold sold $2.39/lb copper sold $22.00/oz silver sold Q1 2013 cash costs (co-product) $1,039/oz gold sold $2.03/lb copper sold $20.00/oz silver sold Au, $/oz Cash Cost
Slide 15: Copperwood Michigan USA
COPPERWOOD MICHIGAN USA 15
Slide 16: Copperwood
O RVANA MINERALS CORP. COPPERWOOD 30 km west of White Pine 936 hectares under lease 480 hectares land for infrastructure & access Strong community support Wetlands permit received: February, 2013 632 permit received: April, 2012 16
Slide 17: Copperwood Moving Forward
O RVANA MINERALS CORP. COPPERWOOD MOVING FORWARD Permits: NI 43-101 compliant Feasibility Apr 2012 – Part 632 (Nonferrous Metallic Mining) Study Jul 2012 – Permit to Install, or Air Quality Permit 2P: 27.4Mt @ 1.41% Cu, 3.62 g/t Ag Nov 2012 – National Pollutant Discharge ~$213M pre-prod CAPEX Elimin
Slide 18: Momentum
O RVANA MINERALS CORP. MOMENTUM Q4 - 2011 Q2 - 2012 EVBC DON MARIO - UMZ COPPERWOOD Production Production Value Realization 18
Slide 19: Financial Performance
O RVANA MINERALS CORP. FINANCIAL PERFORMANCE Q1-2012 Q2-2012 Q3-2012 Q4-2012 Q1 – 2013 (Oct-Dec ‘12) Revenue $15,373 $31,245 $43,691 $50,608 $34,028 Gross Margin $354 $9,029 $11,031 $21,912 $11,386 EBITDA $438 $8,938 $12,892 $22,182 $10,760 Adjusted Net Income (loss)¹ ($3,254) $2,791 $3,612 $12,325
Slide 20: Revenue by Commodity
O RVANA MINERALS CORP. REVENUE BY COMMODITY GOLD COPPER SILVER 20
Slide 21: Reserves and Resources
O RVANA MINERALS CORP. RESERVES AND RESOURCES Grade Contained Metal Tonnes Au Ag Cu Au, Ag Cu (Mt) (g/t) (g/t) (%) koz koz Mlbs Proven and Probable EVBC (Spain) 7.9 3.4 10.0 0.52% 865 2,545 91 Don Mario (Bolivia) 4.3 1.3 40.0 1.28% 177 5,573 120 Copperwood (USA) 27.4 3.6 1.41% 3,191 852 Total Reserv
Slide 22: Total Inventory
O RVANA MINERALS CORP. TOTAL INVENTORY Measured and Indicated Resources (Includes Reserves) Gold Copper Silver 1.5 million 2.1 billion 14.2 million ounces pounds ounces Inferred Resources 1.2 million 1.2 billion 1.30 million ounces pounds ounces 22
Slide 23: Experienced Management Team
O RVANA MINERALS CORP. EXPERIENCED MANAGEMENT TEAM MICHAEL D. WINSHIP P.Eng, Interim President and Chief Executive Officer; Over 30 years of international experience in mine development, operations, and corporate business. Previously Chief Operating Officer of Quadra FNX Mining Ltd. DANIELLA DIMITRO
Slide 24: Diverse Board
O RVANA MINERALS CORP. DIVERSE BOARD ROBERT MITCHELL CA: Acting Chairman; retired partner from Ernst and Young; extensive financial expertise in mining sector ED GUIMARAES CA: Previously CFO Aur Resources Inc.; currently an independent business consultant; also a director of Nuinsco Resources Limite
Slide 25: Summary
O RVANA MINERALS CORP. SUMMARY Multi Project Producer Strategy Strong Future Cash Flow/Income Generation Major European Gold Producer Significant and Growing Copper Producer Maximize Value – Both Gold and Copper Production 25