Orvana Minerals Corp. · TSX:ORV
Orvana Minerals — Earnings Presentation (December 2011)
18 slides from Orvana Minerals's earnings presentation, Dec 13, 2011
Slide 1: Producing Opportunities
Producing Opportunities December, 2011
Slide 2: Forward-Looking Statements
O RVANA MINERALS CORP. FORWARD-LOOKING STATEMENTS Certain statements in this presentation constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Any statements that express or involve discussions with resp
Slide 3: Company Snapshot
O RVANA MINERALS CORP. Company Snapshot Ticker TSX: ORV Shares Outstanding 136.3 million Market Cap (12/01/11) C$166 million Cash (09/30/11) US$12.2 million Debt US$50 million (Credit Suisse) Major Shareholder Fabulosa Mines Ltd. (52%) Head Office Toronto, Ontario Main Projects EVBC Spain (gold-copp
Slide 4: Orvana Minerals Corp Momentum
O RVANA MINERALS CORP. Orvana Minerals Corp Momentum APRIL 2011 AUGUST 2011 2014 DON MARIO - UMZ EVBC COPPERWOOD Commissioning Production Commissioning 4
Slide 5: Total Inventory
O RVANA MINERALS CORP. Total Inventory (To be updated before end of 2011) Measured and Indicated Resources (Includes Reserves) Gold Copper Silver 1.5 million 2 billion 14 million ounces pounds ounces Inferred Resources 1.5 million 1.2 billion 3.5 million ounces pounds ounces 5
Slide 6: Outlook: Annualized Projected Production
O RVANA MINERALS CORP. Outlook:Annualized Projected Production 2012 COPPERWOOD EL VALLE - BOINÁS CARLÉS DON MARIO Gold Copper Silver 75,000 9,000 525,000 ounces tonnes ounces 6
Slide 7: Operations El Valle-Boinás Carlés: Spain
O RVANA MINERALS CORP. Operations El Valle-Boinás Carlés: Spain Located in the Rio Narcea Gold Belt Historical Mining Camp, mined by Romans 10 years previous production NI 43-101-compliant reserve and cash flow study Mine life forecasted > 7 years US$ 50M five-year term loan with Credit Suisse 5 M E
Slide 8: EVBC: Commercial Production
O RVANA MINERALS CORP. EVBC: Commercial Production Commercial production August 1, 2011 Construction of 440-metre deep shaft progressing well with over 200 metres completed and surface facilities started Head grades expected to improve from 2 g/t to average 3.5 g/t in 2012 November 2011 Production 4
Slide 9: EVBC: Reserves and Resources
O RVANA MINERALS CORP. EVBC: RESERVES and RESOURCES Scope for Expanded Mine Life/Production Potential Updated NI 43-101 Reserve/Resource Report pending El Valle-Boinás Orebodies AU CU Mt gpt Ounces % Tonnes Proven Reserves(1) 1.3 4.1 172,000 0.90 11,800 Probable Reserves 3.4 5.7 612,000 0.68 22,700
Slide 10: Don Mario: Bolivia
O RVANA MINERALS CORP. Don Mario: Bolivia NI 43-101- compliant reserve and cash flow study Mine life to beyond 2019 $20M invested on mill upgrade and expansion 2,000 tonnes per day mill Commissioning has been slower than plan but progressing towards targeted levels 10
Slide 11: UMZ Commissioning
O RVANA MINERALS CORP. UMZ Commissioning Mine life of 9 years Average annual production* 14 million pounds of copper 11,000 ounces of gold 400,000 ounces of silver November 2011 Production 35,300 tonnes of 1.79% copper, 1.51 g/t gold and 72.1 g/t silver processed 712,300 pounds copper TALC PRE-LEACH
Slide 12: Don Mario – Reserves and Resources
O RVANA MINERALS CORP. DON MARIO – Reserves and Resources Cu Au Ag Mt % gpt gpt Proven Reserves (1) 2.5 1.48 1.5 49 Probable Reserves 3.2 1.47 1.4 43 Total Reserves 5.7 1.47 1.4 45 Measured Resources (1),(2) 2.7 1.37 1.3 45 Indicated Resources 3.7 1.32 1.3 39 Total M & I 6.4 1.34 1.3 41 Inferred Res
Slide 13: Copperwood: Michigan
O RVANA MINERALS CORP. Copperwood: Michigan A MAJOR COPPER DEVELOPMENT PROJECT Michigan’s Upper Peninsula 30 kms west of White Pine which produced nearly 2M tonnes of copper (1953-1996) 936 hectares under lease Own 480 hectares for infrastructure and access 13
Slide 14: Copperwood: Status
O RVANA MINERALS CORP. Copperwood: Status 14
Slide 15: Copperwood Reserves and Resources
O RVANA MINERALS CORP. Copperwood Reserves and Resources Cu Ag Mt* % M lbs gpt M oz Proven Reserves (Copperwood – D&B) 22.6 1.37 683 4.2 2.98 Probable Reserves (Copperwood – D&B) 4.6 1.11 115 2.8 0.46 TOTAL RESERVES** 27.2 1.33 798 3.9 3.46 Indicated Resources (Copperwood Satellites) 25.0 1.40 771 I
Slide 16: Experienced Management Team
O RVANA MINERALS CORP. Experienced Management Team BILL WILLIAMS, Ph.D., CPG, President and Chief Executive Officer since 2011; previously VP, Americas, Freeport-McMoRan Exploration Corporation; 30 years of international resource exploration and mine development experience. AGNE AHLENIUS, M.Sc., Chi
Slide 17: Experienced Diverse Board
O RVANA MINERALS CORP. Experienced Diverse Board C. KENT JESPERSEN, M. Sc., Chairman since 2007; Extensive board and executive experience in resource sector (Nova, Husky, La Jolla), previously Chairman of North American Oil Sands Corporation, GEAC Inc., C.D. Howe Institute and Institute of the Ameri
Slide 18: Summary
O RVANA MINERALS CORP. Summary Multi Project Producer Strategy Strong Future Cash Flow/Income Generation Major European Gold Producer Significant and Growing Copper Producer Maximize Value – Both Gold and Copper Plays 18
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