Slide 1: Latin America Focused Gold Mining And Exploration
Latin America Focused Gold Mining And Exploration Q1 Results and Strategy Update Presentation 18 October 2012 1
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains certain information that constitutes forward-looking statements including the proposed acquisition of the Talca property, the completion of the proposed financing, future operating performance of Orosur Mining Inc. (the “Company” or “OMI”), realization
Slide 3: Production and Cash costs for Q1
Production and Cash costs for Q1 Q1 2012/2013 Q1 2011/2012 Production (oz) 15,451 12,488 Tonnes milled 404 997 404,997 414 737 414,737 Avg grade (g/t) 1.29 1.01 Recovery (%) 91.8 % 92.7 % Stripping ratio 10.3 4.8 Cash costs (US$/oz) 1,094 944 • P Production d ti and d cash h costs t in i line li wit
Slide 4: Operating and Financial Results Q1
Operating and Financial Results Q1 Key Results Summary1 Quarter 1 Ended Aug 31 2013 2012 Operating g Results Gold produced Ounces 15,451 12,488 Cash Operating cost US$/oz 1,094 944 Average price received US$/oz 1,598 1,612 Financial Results Revenue R US$ ‘000s ‘000 26,334 26 334 21,026 21 026 Net in
Slide 5: Arenal Deeps Definition Drilling
Arenal Deeps Definition Drilling • Infill drilling to define final ore development and stope design, confirming resource • Potential to extend foot wall zone at depth. No stopes currently defined in this area. • Potential to extend footwall lense along strike (DDHUGN132-005 at limit of currently def
Slide 6: Arenal Deeps – Target new resources
Arenal Deeps – Target new resources • To target extensions at d th and depth d along l strike t ik later in calendar 2013 Slide 6
Slide 7: Pantanillo – Oro52
Pantanillo – Oro52 • 1314 meters drilled to test Oro52 • New mineralisation identified • Grade and widths similar to Pantanillo Norte • Completed expenditure and drilling for 100% Hole id From (m) Intercept (m @ g/t Au) ORO52-12-010 232-275 43 @ .65 ORO52-12-012 212-244 33 @ .66 * intercepts conside
Slide 8: Strategy - Overview
Strategy - Overview • Orosur has: o A major asset: gold producing mine and mill at San Gregorio in Uruguay o Exploration assets: Uruguay and Chile at Anillo, Anillo Pantanillo, Pantanillo and Talca Talca, and o Interests in non-gold projects farmed-out • We plan for 2012/13 to be a year of consolida
Slide 9: Strategy – Our Objectives
Strategy – Our Objectives 1. In the three years to 31 May 2016, to maximise our free cash flow. 2 To pay dividends to shareholders of at least one-third 2. one third of our free cash flow flow. 3. To carry out sufficient work to extend the life of the San Gregorio mine to maintain a minimum three ye
Slide 10: Our Strategy
Our Strategy 1. To operate the San Gregorio mine to maximise cash flow: i. Very focused given challenging asset ii Ramp of Arenal is key ii. 2. To continue to search for, and find, additional gold reserves in Uruguay to maintain and extend the life of San Gregorio 3. To complete the commercial asses
Slide 11: Strategy – Our People
Strategy – Our People • The senior management and the corporate office in Santiago, Chile. • The mine and mill are at San Gregorio in northern Uruguay Uruguay. • An administrative office in Montevideo, Uruguay, and an exploration office at Copiapo, Chile. • The management team members are: o Chief E
Slide 12: Summary Q1
Summary Q1 9 Q1 production and cash cost in line with expectations. expectations 9 Maintain full year guidance on production of 63,000 to 68,000 at $US 975 per ounce cash cost 9 Arenal Drilling defining resource and identifying potential expansions 9 Discovery of new mineralization at the Pantanillo
Slide 13: Summary Strategy
Summary Strategy 9 Maximize Cash flow 9 Dividend Policy 9 Extend Mine life 9 Progress Chilean exploration assets 9 Monitor farm-out projects 9 Postpone further growth until cash is built up 13