Orosur Mining Inc. · TSXV:OMI
Orosur Mining — Turner Pope Investment Webinar (December 2020)
13 slides from Orosur Mining's conference presentation, December 2020
Slide 1: Orosur Mining Ltd – next chapter
Orosur Mining Ltd – next chapter Anzá Gold Project – Mid Cauca Belt, Colombia Turner Pope Investment Webinar www.orosur.ca I TSX:OMI, AIM:OMI I December 2020
Slide 2: Disclaimer
Disclaimer This document has been issued by Orosur Mining Inc. (the “Company”). This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall any part of it nor the f
Slide 3: Snapshot – few shares, tightly held
Snapshot – few shares, tightly held LSE:OMI 12 month share price** 52 week low – 1.45p (intraday 28 April) 52 week high – 46p (intraday 16 Oct) 3170% rise, trough to peak 3 * Assuming completion of capital raising. ** Source, London Stock Exchange
Slide 4: The next chapter – old company new beginnings
The next chapter – old company new beginnings Uruguay • 20 years at San Gregorio, ended in 2018, 1.5M ounces produced • Orderly closure and windup near completion New Team • New board • Cost base reduced – pivot back to exploration Colombia • Anza project acquired late 2014. • Exploration curtailed
Slide 5: Mid-Cauca Belt – Elephant Country
Mid-Cauca Belt – Elephant Country • Late Miocene (9-5.6Ma) porphyry belt • Two styles of mineralization: • Large, low grade porphyry systems (La Colosa) • Associated high grade epithermal vein deposits (Buritica, Marmato and Anzá). • Underexplored but already numerous +10Moz gold projects defined. 5
Slide 6: Anzá Highlights - Resource Drilling
Anzá Highlights - Resource Drilling • 100% Owned (but dilution locked in) • 2 hours drive from Medellin (2 million people) • All season road access • Large land holding (200km2) over key structure. • Existing exploitation and environmental permit. • Over 24,000m of drilling • Multiple thick, high gr
Slide 7: Strategic Alliance with Newmont/Agnico
Strategic Alliance with Newmont/Agnico Exploration & Option Agreement (2018) • Newmont and Agnico 50/50 partners in Minera Monte Aguila • Three phase earn-in to 75% by investing US$26.0 million over 12 years, completing feasibility study & making cash payments to Orosur equaling US$4.0 million • Jus
Slide 8: Anzá – Thick and High Grade
Anzá – Thick and High Grade Hole From To Interval Au Ag Zn # m m m g/t g/t % MAP-11 213.0 219.0 6.0 18.26 1.95 0.35 including 217.5 219.0 1.5 72.30 6.90 0.93 MAP-20 145.0 186.0 41.0 3.85 1.39 1.25 including 171.3 177.0 5.7 19.84 3.94 1.66 MAP-21 224.0 242.0 18.0 14.14 2.05 2.83 including 225.0 229.4
Slide 9: APTA – Core of Mineralization.
APTA – Core of Mineralization. • Contiguous thick intercepts of high-grade mineralization • Defined over strike of 450m and to vertical depth of 280m. • Open in all directions • Simple metallurgy with recoveries over 95% • Good mineable widths – potential for minimal dilution • Potential to be moved
Slide 10: Multiple Untested Targets – Potential Upside
Multiple Untested Targets – Potential Upside • APTA was drilled first due to workings and mining permit. • Aragon Fault is the primary structure • Positive drilling west at Charrascala • Best geochemistry at Guaimarala – but not yet drilled (planned early 2021) • Excellent geochemistry at Jesuitas b
Slide 11: Plan Moving Forward
Plan Moving Forward • Drilling underway – two rigs for planned 2400m. Targeted completion Feb 2021 • Possibly move APTA to resource. • Geophysics to commence within days • Convert applications to granted tenements • Extensive regional and detailed geochemical surveys • Agnico/Newmont may assume cont
Slide 12: Options and Scenarios
Options and Scenarios • Being junior partner is different to owning. • JV potentially has 10 years to run – JV partners fund the project but not the company. • Drilling of vein deposits is slow – could take several years to understand potential and this provides options • Numerous possible scenarios
Slide 13: Summary
Summary • History behind us • Future in front of us • Drilling underway – major partners • Coffers are full • Focus on the project 13
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