Ora Banda Mining Ltd. · ASX:OBM
Ora Banda Mining — Shareholder Meeting (November 2022)
19 slides from Ora Banda Mining's shareholder meeting presentation, Nov 23, 2022
Slide 1: OBM AGM Presentation
For personal use only OBM AGM Presentation Luke Creagh Managing Director 23 November 2022
Slide 2: Forward Looking Statements
Forward Looking Statements For personal use only IMPORTANT NOTICE AND DISCLAIMER This Presentation contains summary information about the Company and its activities which is current as at the date of this Presentation. The information in this Presentation is of a general nature and does not purport
Slide 3: Competent Persons Statements
Competent Persons Statements For personal use only COMPETENT PERSONS STATEMENT The information in this report that relates to Exploration Results is based on information compiled under the supervision of Mr Andrew Czerw, an employee of Ora Banda Mining Limited, who is Member of the Australian Instit
Slide 4: Corporate Overview
Corporate Overview For personal use only Capital Structure Board of Directors Share Price1 A$/share 0.083 Peter Mansell Non-executive Chairman (Corporate Lawyer) Shares on issue2 M 1,374 Luke Creagh3 Managing Director (Mining Engineer) 2 Options & performance rights on issue M 54.2 Alan Rule4 Non-ex
Slide 5: Project Overview
Project Overview For personal use only OBM Davyhurst tenements are located ~100km north-west of Kalgoorlie and are centred on the following key project hubs: • Siberia & Davyhurst • Riverina & Mulline • Callion & Lady Ida In total these projects hubs include: • ~1,200 square kilometre land holding o
Slide 6: Value Creation – OBM's Three Year Strategy
Value Creation – OBM’s Three Year Strategy For personal use only Short Term Medium Term Longer Term Focus on the fundamentals Leverage organic opportunities Performance drives growth • Improve mining operating capability to deliver • Continuous improvement in operations to • Bring higher-margin mine
Slide 7: Values – How We Operate
Values – How We Operate For personal use only New Values We target Zero Harm • Safety imbedded in all that we do • Risks assessed and actively managed • Sustainable environmental performance We are a Team with a Winning Mindset • Plan to win - targets are known and achieved • Every Person important
Slide 8: FY23 Guidance & Actions to Improve
FY23 Guidance & Actions to Improve Focus on the fundamentals For personal use only FY23 Guidance Overview Opportunities currently underway to improve on FY23 guidance • Production of 56-61koz Mining • AISC of A$2,175/oz - A$2,275/oz • Increase digger productivity rates increases production profile
Slide 9: Geology First – Our New Approach
Geology First – Our New Approach For personal use only Geology First Lessons from the past • Tenement package was consolidated between 2006 to 2008; OBM considers the true value of this consolidation is yet to be realised • Since the 1980s the focus has been on open pit production, with limited focu
Slide 10: Riverina – First Exploration Priority
Riverina – First Exploration Priority For personal use only • A key pillar of OBM’s 3-Year Strategy to create value is committing to exploration drilling, targeting high-grade underground ore for the potential to increase production above 100kozpa • OBM’s boots-on-the-ground and first principles app
Slide 11: Riverina Underground – Main Lode East
Riverina Underground – Main Lode East For personal use only • Main Lodes are made up of two parallel structures (East and West) that are sub-vertical and ~10m apart; the Main Lode East is the prominent structure • Extensional drilling under the Riverina open pit has extended the Main Lode an additio
Slide 12: Riverina Underground – Murchison Lode
Riverina Underground – Murchison Lode For personal use only • Narrow vein & high-grade extension of the Murchison Lode has been identified in deeper drilling that runs parallel to the existing Main Lode • Murchison Lode is located ~80m east of Main Lode and is presenting as an attractive, high-grade
Slide 13: Riverina – Ideal geometry for low capital and selective mining
Riverina – Ideal geometry for low capital and selective mining For personal use only Benefits of central decline and parallel lodes Decline • Identifying high-grade extensions of the Murchison Lodes could Main Lodes have substantial benefit to the economics of the Riverina Underground • Single decli
Slide 14: Riverina – Exciting times ahead
Riverina – Exciting times ahead For personal use only Just starting to unlock the deposit • Whilst it is still early days, this mineralised system is considered bigger than first thought and in parts it will host very high grade gold • Continuing width and tenor of the Main Lode at depth and the dis
Slide 15: Exploration Opportunities
Exploration Opportunities For personal use only Exploration potential is outstanding • The tenement package is highly prospective; the central Davyhurst area covers the convergence of two regional significant deep-seated structures, the Zuleika Shear and Mt Ida Fault • Very little exploration spend
Slide 16: Infrastructure Well Established
Infrastructure Well Established For personal use only Infrastructure replacement cost of ~$180M1 1.2Mtpa Davyhurst Processing Plant • 1.2Mtpa processing plant (~$120M replacement) • 3 stage crushing circuit • Twin 1.3MW ball mills • Gravity + CIL circuit • Thickener & tailings facility • Onsite assa
Slide 17: Performance Will Deliver Substantial Value
Performance Will Deliver Substantial Value For personal use only OBM’s underlying value has been overshadowed by operational underperformance; actions in place to rectify FY23 Guidance • Production of 56-61koz; improving in H2 as Missouri drops from 13:1 strip ratio to 6:1 strip ratio • AISC of $2,1
Slide 18: Thank you
For personal use only Thank you
Slide 19: Appendix – Mineral Resource and Ore Reserves Tables
Appendix 1 Mineral Resource Table Ore Reserves Table MEASURED INDICATED INFERRED TOTAL MATERIAL PROVED PROBABLE TOTAL MATERIAL PROJECT Cut Off PROJECT AREA DEPOSIT ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz
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