Ora Banda Mining Ltd. · ASX:OBM
Ora Banda Mining — Shareholder Meeting (November 2020)
32 slides from Ora Banda Mining's shareholder meeting presentation, Nov 27, 2020
Slide 1: Advancing Towards Production at Davyhurst
For personal use only ADVANCING TOWARDS PRODUCTION AT DAVYHURST Annual General Meeting – 27 November 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 (26 November 2020) A$/share $0.295 Peter Mansell • Corporate lawyer with over 40 years’ experience Shares on issue M 840.8 Non-executive Chairman • Currently Non-executive Chairman of Energy Resources
Slide 5: 1. Key DFS Outcomes
For personal use only 1. KEY DFS OUTCOMES 5 5
Slide 6: Compelling Financial Metrics
COMPELLING FINANCIAL METRICS1 • Strong financial returns for a technically robust re-start Key DFS Outcomes Unit Base Case Spot Case For personal use only Gold price A$/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 +80kozpa 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: Existing Infrastructure Has Enabled Rapid Re-Start
EXISTING INFRASTRUCTURE HAS ENABLED RAPID RE-START • Significant existing infrastructure has 1.2Mtpa Davyhurst Processing Plant For personal use only allowed near term low capex restart: – Refurbished 1.2Mtpa conventional process plant (replacement cost ~$100m) – 172 person accommodation camp – Exte
Slide 9: Pre-Production Capital Costs on Budget
PRE-PRODUCTION CAPITAL COSTS ON BUDGET Low Capital Intensity Return to Production For personal use only DFS 31 Oct Forecast • Significant existing infrastructure has enabled a rapid Pre-Production Capital Costs A$M A$M A$M and low-capex path to production Processing plant – direct costs 8.7 4.2 8.7
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 1. Riverina (Open Pit & Underground) – 44km from Davyhurst For personal use only • 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 • Miner
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 DFS mining schedule For personal use only 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 Work Completed Commence OP Mining 1. Riverina First Ore to ROM Ore to RoM Pad Mining Timeline Early Work
Slide 14: Work in Progress
WORK IN PROGRESS For personal use only Davyhurst Process Plant Grinding, Gravity & Leach Circuit Davyhurst Process Plant General Site Layout 14
Slide 15: Work in Progress – Crushing & Screening
WORK IN PROGRESS – CRUSHING & SCREENING For personal use only Davyhurst Process Plant New Product Screen in Transit Davyhurst Process Plant Installing Structural Steel at Product Screen Station & Carrying Out Structural Repairs to Fine Ore Bin 15
Slide 16: Work in Progress – Power Station
WORK IN PROGRESS – POWER STATION For personal use only Davyhurst Power Station Preparation for Installation of LNG & Diesel Engines in Progress Davyhurst Power Station Construction of LNG Facilities Nearing Completion 16
Slide 17: Work in Progress – Process Water Supply
WORK IN PROGRESS – PROCESS WATER SUPPLY For personal use only Davyhurst Process Water Supply Footing for Process Water Telemetry Monitoring System Being Installed at Transfer Station Davyhurst Process Water Supply Process Water Pipeline Firebreaks Re- established and Area Cleaned Up 17
Slide 18: Work in Progress – Riverina Infrastructure
WORK IN PROGRESS – RIVERINA INFRASTRUCTURE For personal use only Riverina Mine Office Existing Riverina Station Homestead Buildings Refitted for Use as Mine Offices & Pit Workshops Riverina Camp Establishment of New Camp at Riverina Well Advanced. 18
Slide 19: Work in Progress – Riverina Open Pit
WORK IN PROGRESS – RIVERINA OPEN PIT For personal use only Riverina Open Pit View of Open Pit Looking North with Mine Offices & Workshops Established in Existing Station Homestead Buildings Riverina Open Pit View of Open Pit Looking South with Drill Working on Pattern (Lower Right), Stripping Topsoi
Slide 20: 3. Resource Definition & Exploration Programs
For personal use only 3. RESOURCE DEFINITION & EXPLORATION PROGRAMS 20 20
Slide 21: Riverina South - An Advanced Near Mine Prospect
RIVERINA SOUTH - AN ADVANCED NEAR MINE PROSPECT Resource Definition Riverina South Prospect – Adjoins Riverina Open pit For personal use only • Confirmed extension to Riverina Main Lode mineralisation, remains open along strike to the south and at depth • Maiden resource estimate of 650kt @ 2.1 g/t
Slide 22: Exploration Potential – Multiple Regional Prospects
EXPLORATION POTENTIAL – MULTIPLE REGIONAL PROSPECTS Regional 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-defin
Slide 23: Appendices
23 For personal use only APPENDICES 23
Slide 24: 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 25: 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 26: 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 27: Sand King
4 SAND KING Mine Development Sand King - Open Pit & Underground Sand King Mine Design For personal use only • 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 28: 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 29: 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 A & B (slides 30 & 31) - Mineral
Slide 30: 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 31: Appendix B – Mineral Resource Table
APPENDIX B – MINERAL RESOURCE TABLE MEASURED INDICATED INFERRED TOTAL MATERIAL MEASURED INDICATED INFERRED TOTAL MATERIAL PROJECT PROJECT Cut-Off ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.) For personal use only Cut-Off ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t
Slide 32: David Quinlivan, Managing Director
For personal use only David Quinlivan Managing Director Email: admin@orabandamining.com.au Phone: +61 8 6365 4548 32
Ora Banda Mining — Shareholder Meeting (November 2020) on 6ix