Orosur Mining Inc. · TSXV:OMI
Orosur Mining — Investor Presentation (September 2010)
22 slides from Orosur Mining's investor presentation, September 2010
Slide 1: Latin America Focused Gold Mining And Exploration
Latin America Focused Gold Mining And Exploration David Fowler CEO & Director September 2010 1
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains certain information that constitutes forward- looking statements. Forward-looking statements are frequently characterized by words such as "plan," "expect," "intend," "believe," "anticipate" and other similar words, or statements that certain events or
Slide 3: Highlights
Highlights Improved Producing Gold Mine - San Gregorio, Uruguay • Improved San Gregorio mine plan. • Arenal Deeps – higher grade mine life extension delivering 6 yrs @ 50 – 60 koz annual production and lower cash costs. • Forecast 55koz production for 2011. • Opportunity to further improve mine plan
Slide 4: Corporate Overview
Corporate Overview • OMI is a fully integrated gold Share Performance producer and exploration company C$0.60 400,000 identifying and developing gold C$0.55 350,000 projects in Latin America C$0.50 300,000 Volume (Shares) 250,000 • The Company operates the San C$0.45 Price 200,000 Gregorio gold mine
Slide 5: Asset Portfolio
Asset Portfolio Chile Uruguay • Pantanillo, Maricunga Belt • San Gregorio Gold Mine, • Anillo,125 km East of 400 km north of Guyana Antofagasta Suriname Montevideo Venezuela French Guiana • Incahuasi • Exploration portfolio Colombia Ecuador Anillo Brazil Peru Pantanillo Bolivia 1.05Moz MI&I Incahuas
Slide 6: Country Information
Country Information Economic Figures: Chile Uruguay GDP 2008 per head US$9,950 US$10,220 GDP 2009 growth -1.0% +1.9% GDP 2006 to 2008 average +5.2% + 7% Corruption perception index Lowest in Lat Am Lowest in Lat Am S&P Foreign Rating A+ BB - Inflation 2009 1.5% 7.1% Unemployment rate (2009) 9.1% 7.6
Slide 7: Last Year: Evolution to a Growth Company
Last Year: Evolution to a Growth Company • Completed drilling of Arenal Deeps underground deposit at San Gregorio, updated NI 43-101 resource • Acquired Fortune Valley Resources with high potential Pantanillo and Anillo gold projects • Completed drilling of Pantanillo Norte and published maiden reso
Slide 8: Financial Results Fiscal 2010
Financial Results Fiscal 2010 Summary of Results Fiscal Year Ended May 31 2010 2009 Operating Results Gold Produced Ounces 56,050 70,147 Grade processed () g/t Au 1.22 1.72 Average cash cost US$/oz 827 705 Average price received US$/oz 1,065 841 Financial Results Net income (loss) for the period US$
Slide 9: San Gregorio Project
San Gregorio Project San Gregorio system has produced approximately 1Moz from open pits 1.4 mtpa processing plant with experienced workforce 9
Slide 10: San Gregorio Reserves and Mine Plan
San Gregorio Reserves and Mine Plan Ounces Grade Reserves 1 June 2009 289,500 1.39 Depletion due to mining (60,002) New open pit 79,288 New underground 37,000 Updated Reserves 345,786 1.51 • 2011 production target 55,000 ounces at $US 825 per ounce • Arenal Deeps feasibility study completed (143,000
Slide 11: Arenal Deeps – Feasibility Study results
Arenal Deeps – Feasibility Study results Summary of Financial Results LOM Gold Payable K Oz 135 Cumulative net cash flow $US Mill 26.3 Internal rate of return % 32.3 Net present value @ 7% $US Mill 16.4 Total LOM capital $ 24.7 Total cash costs $/oz 545 • No silver credit included • Opportunity to o
Slide 12: Arenal Deeps – Implementation
Arenal Deeps – Implementation • Decline access from bottom of open pit • Mining method – inclined room and pilar and long hole stopping • Contractor for development and initial mining, progressing to owner operator mining. Activity Timing Feasibility study Complete Environmental permit In progress C
Slide 13: Pantanillo
Pantanillo • Pantanillo project comprising 11,750 hectares optioned from Anglo American. • Located in the Maricunga Belt of Chile, hosts in excess of 60 million ounces of resources. • Bulk tonne, low grade deposit • Phase 1 drilling has defined a maiden resource at Pantanillo Norte • Planned 2011 ph
Slide 14: Maiden Pantanillo Norte Resources
Maiden Pantanillo Norte Resources Ore Cut-off Measured Indicated Measured & Indicated Type Au Grade Tonnage Au Grade Au Metal Tonnage Au Grade Au Metal Tonnage Au Grade Au Metal g/t Kt g/t oz Kt g/t oz Kt g/t oz Oxide 0.30 19,806 0.72 456,349 1,752 0.55 30,963 21,558 0.70 487,312 Mixed 0.30 16,011 0
Slide 15: Pantanillo Norte Exploration
Pantanillo Norte Exploration • High sulfidation ledge targets around existing open pit. • Additional porphry mineralisation around Pantanillo Norte and at Pantanillo Central. • Field work commencing on other targets in Oct 2010. • Three other known exploration targets at Pantanillo with geochemical
Slide 16: Anillo
Anillo • Project optioned from Codelco • 30,600 hectares, north and east of Yamana’s El Peñon gold-silver mine that produces in excess of 400,000 GEO per annum • Previous explorers Codelco, Utah, Billiton and Normandy • Targeting Au/Ag vein mineralization similar to El Peñon • Mapping, soil sampling
Slide 17: Other Exploration Targets
Other Exploration Targets Incahausi (Chile IOCG Belt) • High grade vein and porphry targets • Currently being mined at 20 g/t • Property being reviewed/targets developed Rocha (Uruguay) • Mapping sampling and geophysics have identified a number of high grade zones along a 2 km structure • No previou
Slide 18: Other Assets
Other Assets Strategy: Focus on gold; realise value from other assets • Iron Ore – Optioned Isla Cristalina Iron and Base Metals to Gladiator Resources. – Drilling has commenced – Initial metallurgy favourable – Pig Iron production using charcoal • Cinco Rios Diamond Joint Venture – Olivut Resources
Slide 19: Resource Peer Group Positioning
Resource Peer Group Positioning Peer Group Resource Metrics 7 $250 $226 6 $200 EV/oz Resource (US$/oz) MI&I Resources (Moz) 5 $150 4 $143 $132 $117 3 $100 $87 $81 2 $70 $68 $55 $51 $54 $50 1 $36 $30 $12 $12 $14 0 $0 na a do or C y s ut r n d p us t es e su on r an de ol ou lo G tu na m ac At un ig R
Slide 20: Production Peer Group Positioning
Production Peer Group Positioning Peer Group ’09 Production Metrics 120 $12,000 $11,173 100 $10,000 EV/oz '09 Production (US$/oz) $8,508 '09 Production (Koz) 80 $8,000 $6,365 60 $6,000 40 $4,048 $4,284 $4,000 $3,265 $3,382 $3,411 $2,781 $2,798 $2,364 $2,318 20 $1,792 $2,000 $830 $206 $357 0 $0 na a
Slide 21: Summary
Summary • Improved producing gold mine - San Gregorio, Uruguay. • New portfolio of Chilean exploration assets. • Strengthened management Team. • Generating positive cash flow. US$8.7M Cash with no debt. • Diversified South American growth focus. 21
Slide 22: Appendix: Management and Board of Directors
Appendix: Management and Board of Directors Mario Caron - Non-Executive Chairman Mario is a mining executive with over 30 years of experience in the mining industry including board and management expertise in operations, exploration, and capital markets as well as government relations, from projects
Orosur Mining — Investor Presentation (September 2010) on 6ix