Ora Banda Mining Ltd. · ASX:OBM
Ora Banda Mining — Shareholder Meeting (November 2019)
25 slides from Ora Banda Mining's shareholder meeting presentation, Nov 15, 2019
Slide 1: Annual General Meeting Presentation
For personal use only Annual General Meeting Presentation 15 November 2019 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: Important Notice
IMPORTANT NOTICE New Zealand This document has not been registered, filed with or approved by any New Zealand regulatory authority under the Financial Markets Conduct Act 2013 (New Zealand) (the FMC Act). The New Shares are not being offered or sold in New Zealand (or allotted with a view to being o
Slide 4: High-Impact Exploration & Mine Planning
HIGH-IMPACT EXPLORATION & MINE PLANNING • Ora Banda’s focus is to unlock significant value from the Company’s strategic and prospective landholding, through the following: For personal use only Exploration & Systematic exploration program including infill and extensional drilling of high priority re
Slide 5: Corporate Overview
CORPORATE OVERVIEW For personal use only Ora Banda Mining (ASX:OBM) Board of Directors Share Price (25 October 2019) A$/sh 0.19 • Corporate lawyer with over 40 years’ experience Peter Mansell • Currently Non-executive Chairman of Energy Resources of Australia Limited (subsidiary of Shares on issue M
Slide 6: Infrastructure in Place for Rapid Start-Up
INFRASTRUCTURE IN PLACE FOR RAPID START-UP • Significant infrastructure in place For personal use only Tailings Storage Facility Underground Mine Development Mains Power to Site facilitates near term production with low capex • Not shown here: – Admin buildings – Workshops – Airstrip – Large bore fi
Slide 7: 1.2 Mtpa Plant Gives Ora Banda a Big Edge
1.2 MTPA PLANT GIVES ORA BANDA A BIG EDGE • Near new processing plant 1.2Mtpa Davyhurst Processing Plant For personal use only • Cost to replace circa $100 million • Recommissioning cost – $8.5 million (EPCM estimate) • Recommissioning timeframe – 24 weeks • OBM currently working on fast track sched
Slide 8: Strike Length & 1.8Moz Resource Inventory
200 KM OF STRIKE & 1.8MOZ RESOURCE INVENTORY • Large scale project 120km NW of Kalgoorlie, covering 200 strike km and 1,336km2 of For personal use only highly prospective greenstone belt • Strategic tenement consolidation occurred in 2007 with no coherent exploration undertaken since • Tenements hos
Slide 9: Mine Development Program
For personal use only MINE DEVELOPMENT PROGRAM 9 9
Slide 10: Five Key Deposits - Focus for Restart
FIVE KEY DEPOSITS - FOCUS FOR RESTART Deposit Target Distance to Current JORC Resource* Proposed Drill Drill Metres For personal use only Plant Metres Completed (Oct End) Riverina OP 48km 2.6Mt @ 2.5g/t for 205koz 13,800m 6,851m Waihi OP & UG 3km 914Kt @ 2.4g/t for 71koz 12,700m 7,972m Callion OP &
Slide 11: Riverina
1 RIVERINA Mine Development Priority Development Target For personal use only Significant open pit and underground potential • Existing Resource of 2.6Mt @ 2.5g/t for 205koz1 • Along strike & depth extensions provide considerable scope to grow resource base • Planned drilling program progressing wel
Slide 12: Waihi
2 WAIHI Priority Development Target Mine Development For personal use only Open pit and high-grade underground potential (3km from plant) • Existing Resource of 914Kt @ 2.4g/t for 71koz1 • Exploration effort focussed on JORC 2012 Resource upgrades & Reserve definition (open pit and underground) • Co
Slide 13: Waihi
2 WAIHI Mine Development For personal use only 13 Refer to ASX announcement dated 14 October 2019 & 6 November 2019. For further drilling details refer OBM website at www.orabandmining.com.au
Slide 14: Siberia
3 SIBERIA Mine Development Priority Development Target For personal use only Sand King & Missouri - open pit opportunities • Resource Inventory - 4.8Mt @ 3.2g/t for 498koz1 • Open Pit Reserve Inventory – 2.8Mt @ 2.3g/t for 210koz2 • Located only 37km from Davyhurst Plant • Strong underground potenti
Slide 15: Callion
4 CALLION Mine Development For personal use only Priority Development Target Prospective open pit & high-grade underground mining opportunity (14km from Davyhurst plant) • Drilling underway at Callion • 7,800m of drilling planned • Focus open pit reserve & extending high grade underground targets •
Slide 16: Golden Eagle
5 GOLDEN EAGLE Advanced Development Opportunity Mine Development For personal use only Underground mine developed to 150m vertical depth (2 km from Davyhurst Plant). • High grade underground mine potential • Deepest hole in Central - 6.0m @ 10.3g/t • Drilling targeting JORC 2012 Resource and maiden
Slide 17: Strong News Flow & Multiple Value Catalysts
STRONG NEWS FLOW & MULTIPLE VALUE CATALYSTS Key Workstreams Q3 CY19 Q4 CY19 Q1 CY20 Q2 CY20 Q3 CY20 Q4 CY20 Q1 CY21 For personal use only Drilling Complete 1. Riverina Estimation/ Approvals ü Exploration newsflow to Drilling Complete culminate in multiple 2. Waihi Resources & Reserves Estimation / A
Slide 18: Exploration Pipeline
For personal use only EXPLORATION PIPELINE 18 18
Slide 19: Highly Prospective Exploration Portfolio
HIGHLY PROSPECTIVE EXPLORATION PORTFOLIO Exploration For personal use only Large landholding covering 1,336km2 and many kms of prospective strike Tenement consolidation occurred in 2007, but no coherent exploration effort undertaken yet Of the 48,000 holes in the database, fewer than 600 are drilled
Slide 20: High Order Targets Not Followed Up
HIGH ORDER TARGETS NOT FOLLOWED UP! Exploration Mulline Trend • Well defined but Lady Ida Trend • Well defined but For personal use only poorly tested poorly tested advanced prospect mineralised trend scale gold mineralisation • Some wide space drilling on 400m line • 10 km long coherent spacing 100
Slide 21: Investment Summary
INVESTMENT SUMMARY For personal use only 1. Existing Processing Hub (@ 1.2Mtpa) 2. Large & Prospective Landholding (1,336km2) 3. Known High Grade Resources 4. Tier 1 Gold Mining Jurisdiction 5. Well Capitalised with +$20m cash and no debt 6. Targeting Near Term Production with a Low Cost Re-start 21
Slide 22: Appendix: Additional Slides
For personal use only APPENDIX: ADDITIONAL SLIDES 22 31
Slide 23: Historical Exploration Results
HISTORICAL EXPLORATION RESULTS Date Announcement Date Announcement For personal use only 28-Jun-18 Strong Underground Drilling Results From Golden Eagle – Central Shoot 15-Dec-16 Sand King Grades Strengthen Siberia Mining Operations 14-Jun-18 Regional Exploration Update 15-Dec-16 Missouri Deposit Mi
Slide 24: Mineral Resources & Ore Reserves
MINERAL RESOURCES & ORE RESERVES MEASURED INDICATED INFERRED TOTAL MATERIAL PROBABLE TOTAL MATERIAL For personal use only MINERAL RESOURCES ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.) MINERAL RESERVE GOLDEN EAGLE - - 345 2.5 311 2.6 656 2.5 54 ('000t) (g/t Au) ('000
Slide 25: David Quinlivan, Managing Director
For personal use only David Quinlivan Managing Director Email: David.Quinlivan@orabandamining.com.au Phone: 08 6365 4548 22
Ora Banda Mining — Shareholder Meeting (November 2019) on 6ix