Slide 1: Corporate Presentation
Corporate Presentation December 2012
Slide 2: Cautionary Notes
Cautionary Notes Cautionary Notes - Information Purposes Only The information contained in this presentation is provided by OceanaGold Corporation (“OGC”) for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, securiti
Slide 3: OceanaGold Today
OceanaGold Today EXPERIENCED GOLD PRODUCER ORGANIC GROWTH STRATEGY ASIA PACIFIC FOCUS • Market Cap: ~$895 M1 Luzon Didipio Philippines B Baguio i Didipio Stage II • Solid production growth Manila with declining cash cost profile Mindanao • Didipio commissioning progressing well with milling g commen
Slide 4: OceanaGold Vision
OceanaGold Vision Our Values: Respect Integrity Teamwork Innovation Action Accountability • High performing, Asia Pacific gold mining company • Discover, develop and operate quality assets in a safe & sustainable Discover manner Our Vision Enablers • Innovative team culture • Annual production of 60
Slide 5: Corporate Strategy
Corporate Strategy SUPERIOR RETURNS TO SHAREHOLDERS Production Development Growth Steadyy Didipio p Acquisition operations commission & in New & Exploration Zealand expansion ~250koz ~150koz ~200koz SUSTAINABLE DEVELOPMENT CORPORATE VALUES 5 OceanaGold Corporation
Slide 6: Experienced Management Team
Experienced Management Team Mick Wilkes MD & Chief Executive Officer Mark Chamberlain Chief Financial Officer •27 years industry experience •>30 years financial experience •Developed major projects in Australia & SE Asia •Capital Capital markets •Strong Operations background in hard rock •Financial
Slide 7: Producing Assets – New Zealand
Producing Assets – New Zealand Steady production and good cash flow from New Zealand assets MACRAES FRASERS REEFTON Macraes Frasers Reefton NZ Total Mine Type Open Pit Underground Open Pit 1 Au Resources Moz 4.6 1.2 1.2 6.9 1 Au Reserves Moz 1.4 0.2 0.4 2.0 Ore Milled Mtpa 50 5.0 09 0.9 16 1.6 75 7.
Slide 8: Blackwater Exploration
Blackwater Exploration High-grade development project demonstrating favourable drilling results Depth1 True Width Grade Drill # (m) (m) (g/t Au) Historic 0 - 700 0.7 14.6 WA11 321 0.5 24.5 WA21A 430 0.5 23.3 WA22C 680 0.5 15.65 WA22D 670 1.0 85.2 • Testing continuity below historic workings • Fourth
Slide 9: Didipio Project - Philippines
Didipio Project - Philippines Transforms OGC into multi-national, lower cost gold producer with growth Didipio Project Location Northern Luzon Lepanto / Goldfields Annuall A Gold: 100 koz production Copper: 14 kt (LOM avg.) Type yp of Mine Open pit: 2012 to 2026 San Fernando Underground: 2021 to 202
Slide 10: Didipio Commissioning Update
Didipio Commissioning Update Milling commenced & commissioning on track Key Commissioning Milestones • Process plant live and Power on September energised Commence Plant • Ball and SAG mills Commissioning October commissioned First Milling November • Water systems y commissioned in most Produc
Slide 11: Didipio Project Schedule
Didipio Project Schedule Project ~98% complete, milling commenced in November Completed 2011 2012 Q2 Q Q3 Q Q4 Q Q1 Q Q2 Q Q3 Q Q4 Q Site access road • Commissioning commenced Construction camp • First milling Operations village Mining infrastructure Tailings Storage Facility Storage She
Slide 12: Mining Activities
Mining Activities October 2012 November 2012 October 2012 November 2012 12 OceanaGold Corporation
Slide 13: Process Plant Site Overview
Process Plant Site Overview November 2012 13 OceanaGold Corporation
Slide 14: Primary Crusher
Primary Crusher November 2012 14 OceanaGold Corporation
Slide 15: Conveyor Transfer Station
Conveyor Transfer Station November 2012 15 OceanaGold Corporation
Slide 16: Commissioning the Conveying System
Commissioning the Conveying System November 2012 16 OceanaGold Corporation
Slide 17: Ball and SAG Mills
Ball and SAG Mills November 2012 17 OceanaGold Corporation
Slide 18: Commissioning the SAG Mill on Rock
Commissioning the SAG Mill on Rock November 2012 18 OceanaGold Corporation
Slide 19: Thickeners & Concentrate Handling
Thickeners & Concentrate Handling November 2012 19 OceanaGold Corporation
Slide 20: Tailings Storage Facility
Tailings Storage Facility November 2012 20 OceanaGold Corporation
Slide 21: Didipio Stage II Concept
Didipio Stage II Concept Potential expansion opportunities exists to increase production at Didipio 6 300 5 250 • Increase plant Throughputt (Mtpa) capacity from 3.5 Gold (‘000 oz) 4 200 3 150 Mt to Mtpa t 5 Mtpa Mt 2 100 1 50 • Increase production: 0 0 – 150 koz Gold 2013E 2014E 2015E 2016E – 20 kt
Slide 22: Philippines Exploration Opportunities
Philippines Exploration Opportunities Significant near-mine exploration Au-Cu targets in the Philippines Mogambos • Several significant areas of anomalous Au-Cu grid soil geochemistry • Potential for additional porphyry mineralisation within the FTAA • Permit renewal expected soon • Drill pads curre
Slide 23: Investment In Our Local Communities
Investment In Our Local Communities Building capacity in our local communities Social & Development Sustainable Development Didipio Corporation Management Plan 1.5% of operating p g costs On-going g g throughg life of mine Millions in current and future (approx. US$1.5M / yr) and beyond contracts ov
Slide 24: Philippines Growth Potential
Philippines Growth Potential Strong population base and government policy are drivers for growth – Executive Order 79 issued by President Aquino Government – Support for continued, transparent mining industry – IMF expects annual growth of ~6.5% over next 5 years Economy – Recognized as one of the b
Slide 25: Philippines Mining Reform
Philippines Mining Reform Recent Government announcement signals continued support for mining • New mining policy effective on October 25, 2012 • Government’s Government s stated objectives: – Ensure mining’s contribution to country’s sustainable development – Adopt p international best ppractices –
Slide 26: Share Price Performance
Share Price Performance Focused on delivering on our commitments Share Price Performance (12 months ending 23 Nov 2012) 120% 100% 80% 60% 40% hange 20% % Ch 0% ‐20% ‐40% ‐60% ‐80% 80% ‐100% olden Star nerals Inc. Gold Corp. Gold Corp Gold Corp. Alamos Gold Allied Nevvada Gold Goldcorp Aurizzon Mines
Slide 27: Gold Miners' Multiples
27 P/CFPS 10 12 14 16 0 2 4 6 8 Golden Sttar Lachlan Sttar OceanaGold Corporation Alaccer OceanaGo old Source: Macquarie Research, 20-Nov-2012 Kirkland Lake Gold Overall Average Troy Resourcces T SEMAF FO Osissko Gold Miners’ Multiples Timmins Go old IAMGOL LD Prime ero Multiples (FY2013E) B2 Go old
Slide 28: Looking ahead
Looking ahead Company transformation with Didipio: strong growth at lower cash costs • Growth outlook is strong – Increased production and decreasing cash cost profile • Didipio Didi i commissioning i i i progressing i wellll and d on ttrack k ffor fi firstt concentrate in December 2012 • Increasing
Slide 29: OceanaGold
4) OCEANAGOLD oceanagold.com ee Innovation Performance Growth
Slide 30: Board of Directors
Board of Directors Jim Askew (Chairman) - Mr. Mr Askew is a mining engineer with over 35 years broad international experience as a Director/CEO for a wide range of international publicly listed mining, mining finance, and other mining related companies. He has served on the board of numerous resourc
Slide 31: Financial Summary
Financial Summary As of September 30, 2012 Q3 Q2 Q3 YTD YTD 2012 2012 2011 2012 2011 Statement of Operations Revenue US$M 91.2 86.7 103.5 266.4 289.0 EBITDA1 US$M 28.6 25.6 43.3 77.5 120.3 Operating profit1 US$M 4.4 5.6 17.6 13.0 55.9 Net Earnings / (Loss) US$M (0.4) 0.7 10.9 (3.5) 29.8 Operations s
Slide 32: Pro forma net cash flow per ounce sold
Pro forma net cash flow per ounce sold Per ounce Au sold Q3 2012 Q2 2012 Q3 2011 Average gold price received $1,665 $1,613 $1,706 Cash cost reported $1,081 $1,029 $956 Pre strip cash expenditure capitalised to $203 $229 $147 Balance Sheet Total cost/oz (incl pre-strip ) $1,284 $1,258 $1,103 Pro form
Slide 33: Cash Costs Analysis
Cash Costs Analysis Q3 2012 cash h costt analysis l i 1400 1200 1000 89 31 (48) (20) 800 600 1029 1081 400 200 0 33 OceanaGold Corporation
Slide 34: Mineral Resources and Reserves
Mineral Resources and Reserves RESOURCE MEASURED INDICATED MEASURED & INDICATED INFERRED RESOURCE Au Au Au Au AREA Mt Au g/t Cu % Cu Mt Mt Au g/t Cu % Cu Mt Mt Au g/t Cu % Cu Mt Mt Au g/t Cu % Cu Mt Moz M Moz M Moz M Moz M MACRAES TOTAL 26.29 1.41 1.19 . . 76.76 1.10 2.71 . 103.04 1.18 3.90 . . 49.4