Orosur Mining Inc. · TSXV:OMI
Orosur Mining — Investor Presentation (August 2014)
34 slides from Orosur Mining's investor presentation, Aug 19, 2014
Slide 1: August 2014 Corporate Presentation
IGNACIO SALAZAR Chief Executive Officer isalazar@orosur.ca AUG ’14 - CORPORATE PRESENTATION www.orosur.ca_ | TSX:OMI / AIM:OMI
Slide 2: Disclaimer
DISCLAIMER All statements, other than statements of historical fact, contained in this presentation constitute "forward-looking statements” within the meaning of certain securities laws, including the "safe harbour” provisions of the Securities Act (Ontario) and the United States Private Securities
Slide 3: Highlights
HIGHLIGHTS Proven capability as explorer, developer and operator Proven Uruguayan producer Profitable production - capital requirements internally funded Dedicated Management & Board focussed on cost discipline Achieved substantial cash cost reductions - FY 2013 US$1,093/oz to FY 2014 US$792/oz Cons
Slide 4: Solid 2014 Results
SOLID 2014 RESULTS Gold production ahead of upgraded guidance - 60.3 Koz (55 - 60Koz guidance) Cash Costs US$792/oz - 28% lower than FY ‘13 (AISC US$1,049/oz vs. US$1,601/oz FY 13) Net profit US$5.1M (Loss of US$14.8M FY ‘13) Cash flow from ops US$23.9M @ US$1,298/oz Au (US$21.2M FY ‘13 @ US$1,605/o
Slide 5: Strategy
STRATEGY • • • • • • • • • • • • • • • • • • • • • • • • •
Slide 6: Capital Markets Picture
CAPITAL MARKETS PICTURE 12 Month Share Performance At a Glance ee eee Current Price’ C$h $0.28 $0.0 52 week range C$Ah $0.17 - $0.33 2090 Average Daily Volume # 256,792 $0.25 —— m isso © ~~ Basic S/O #M 96.6 & _ ° Options and Warrants #M 4.2 8015 oo | Fully Diluted S/o #M 100.8 # soto * Market Capit
Slide 7: Corporate Snapshot
CORPORATE SNAPSHOT Production oz 56,050 55,817 55,458 64,994 60,271 Sprott Asset Management LP 5,309,500 5.49% Cash Cost US$/oz $827 $754 $1,016 $1,093 $792 Barclays, Plc. 4,992,543 5.17% Revenue US$M $59.6 $78.7 $93.7 $105.9 $80.4 TD Waterhouse 4,584,280 4.74% Op. Cash Flow US$M $9.0 $29.7 $22.6 $2
Slide 8: Trading Multiples – Well Below Our Peers
TRADING MULTIPLES – WELL BELOW OUR PEERS 8
Slide 9: Diversified South American Footprint
DIVERSIFIED SOUTH AMERICAN FOOTPRINT
Slide 10: '14 Reserves and Resources
TA RESERVES AND RESOURCES Proven & Probable Reserves San Gregorio UG 1.16 2.84 106,038 San Gregorio OP 1.86 1.53 88,602 Total 3.02 2.01 194,640 Measured & Indicated Resources San Gregorio UG 1.74 3.61 201,396 San Gregorio OP 8.23 1.28 338,671 Pantanillo 47.09 0.69 1,049,071 Total 57.07 0.87 1,589,13
Slide 11: Orosur Team
OROSUR TEAM • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
Slide 12: Consistent Exploration & Production Success
CONSISTENT EXPLORATION & PRODUCTION SUCCESS
Slide 13: From the Ground Approach
FROM THE GROUND APPROACH Commenced with Waymar Low cost and return based Numerous targets defined FY ‘14 ~28% better cash costs 75 Koz reserve addition FY ‘14 Sale of Talca v4 DELIVER AND CONCENTRATE MAINTAIN EFFORTS TO MONETISE NON- CONSISTENT SWIFTLY EXTEND CORE ASSETS IMPROVEMENTS LOM Beat FY 14
Slide 14: San Gregorio Mine - Production
SAN GREGORIO MINE - PRODUCTION • • • • • • • • • • • • • • • • • • • • • •
Slide 15: San Gregorio Mine
SAN GREGORIO MINE New Tailings
Slide 16: Arenal Pillars – Additional Upside
ARENAL PILLARS – ADDITIONAL UPSIDE • • • • • • • •
Slide 17: Exploration Portfolio Overview
EXPLORATION PORTFOLIO OVERVIEW
Slide 18: Uruguayan Brownfields Exploration
URUGUYAN BROWNFIELDS EXPLORATION • • • • • • Note: Not true widths
Slide 19: Uruguayan Development
URUGUAYAN DEVELOPMENT • • • • • • • • • • • • Note: Not true widths
Slide 20: Pantanillo – Advanced Exploration
PANTANILLO – ADVANCED EXPLORATION • • • • • • • • • • • • • • • • • • • • • • • • • •
Slide 21: Pantanillo – PEA Overview
MAY ‘12 AMEC SCOPING STUDY M&I Resources Recoverable Gold LOM Strip Ratio LOM Mining Type Processing Mining Rate Average Production Total Cash Costs Capex Gold Price NPV 8% IRR Payback ‘000 oz ‘000 oz years Mtpa '000 oz/yr US$/oz US$/oz US$/oz US$ million % years 1,049 484 18 5 Open Pit Heap Leach 7
Slide 22: Anillo – Grass Roots
ANILLO – GRASS ROOTS • • • • • • • • • • • • • •
Slide 23: Waymar Acquisition Highlights
WAYMAR ACQUISITION HIGHLIGHTS
Slide 24: Anzá Overview
ANZÁ OVERVIEW • • • • • • • • • • • • • • • • • • • • • • • • • •
Slide 25: Anzá Project
ANZÁ PROJECT • • • • • • • • • • Buritica 2.8 10.4 Titiribi 4.6 0.5 Marmato 11.8 0.9 La Colosa² 28.1 0.8 Quinchia 2.5 0.6 Note 1: Sourced from Company websites and public disclosure as at 7 May 2014 Note 2: La Colosa is an inferred resource
Slide 26: Prospective Landholding – Multiple Targets
PROSPECTIVE LANDHOLDING – MULTIPLE TARGETS • • • • • • • • • • • • • •
Slide 27: Anzá Geology
ANZA GEOLOGY | 0° SEGOVIA BELT y 13.(11) 4) VENEZUELA PANAMA H : BATHOLITH i ! r ANZA °2 7000" Gy Angostura CALIFORNIA S""=-—* DISTRICT CHOCO BELT (10) 5°S “MIDDLE CAUCA BELT _ — 15 (1) ° Bogota Cali f —~_Western -@ Sse [ Metallogenic Belt Age — Jurassic > Late Cretaceous- REL ER > Early Tertiary é
Slide 28: 2011 – 2012 Anzá Drilling
2011 – 2012 ANZÁ DRILLING • • • • • • • •
Slide 29: Anzá Drilling Results
ANZÁ DRILLING RESULTS Hole Number From To Interval Au Ag Zn Hole Number From To Interval Au Ag Zn (m) (m) (m) (g/t) (g/t) (%) (m) (m) (m) (g/t) (g/t) (%) MAP-11 122.5 125.9 3.4 1.30 15.62 0.06 MAP-43 64.3 70.2 5.9 4.40 45.62 0.38 213.0 219.0 6.0 18.26 1.95 0.35 including 65.5 68.6 3.1 7.66 73.04 0.6
Slide 30: Anzá By-Product Potential
ANZá BY-PRODUCT POTENTIAL • • • • • • • • • • • • •
Slide 31: Pictures
PIGTURES = Cas Anza - View to the North Anza - View to the South Approximate trace of Anza deposit
Slide 32: Non-Core Assets
NON-CORE ASSETS • • • • • • • • • • • • • • •
Slide 33: Asset Summary
ASSET SUMMARY Potential operational es, issues solved . 2. - . . . i Ps ve “ ’ . é *, Funding for PFS/BFS : ° : Commercial .” : Production ,* Scoping Study / PEA * S . e ° SAN : GREGORIO : FE PFS/BFS : *, Published . a ! Establish s R . - esources | Riel : a Construction : : . . . . Discovery - %e,
Slide 34: Summary
SUMMARY Proven explorer, developer and operator Proven gold producer - beat upgraded FY ‘14 production and cost guidance Profitable production and internally funded Dedicated team focussed on cost discipline Demonstrated track record of reserve replacement & resource growth Extending mine life at Sa