Orosur Mining Inc. · TSXV:OMI
Orosur Mining — Investor Presentation (January 2010)
19 slides from Orosur Mining's investor presentation, January 2010
Slide 1: January 2010 Investor Update
January 2010 Investor Update David Fowler CEO & Director 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 o
Slide 3: Agenda
Agenda • New C N Corporatet P Profile fil • Recent Developments • Key Results and Guidance • Key Projects and Plans for 2010/11 • Summaryy 3
Slide 4: Corporate Profile
Corporate Profile AIM/TSX-V OMI Share O/S: 64,432,706 Sh Share F/D F/D: 68 973 021 68,973,021 12 Month Hi/Low $C 0.69 - $C 0.20 Market Cap: C$ 32.2 Million £$22.9 Million Cash: US$9.4 Million Debt: Negligible
Slide 5: Asset Portfolio
Chile Uruguay Pantanillo, Maricunga Belt San Gregorio Gold Mine, Asset Portfolio Anillo,125 , km East of 400 km north of Montevideo Antofagasta Guyana Exploration portfolio Suriname Incahuasi, 95 km north Venezuela French Guiana Colombia of La Serena Ecuador Brazil Peru Bolivia Paraguay Chile
Slide 6: Developments
Developments • Gold production 1st Half: 26,753 ounces • Cash flow: US$1.8 million • Completed drilling of Arenal Deeps in preparation for updated NI 43-101 report and feasibility study • Acquired q Fortune Valleyy Resources • Pantanillo and Anillo gold projects • Name change to Orosur Mining Inc: O
Slide 7: Financial Performance
Financial Performance • Gold production of 26,753 ounces for H110, 10% below budget – Heavy rainfall during the quarter – Lower grade than model recovered, generally more tonnes lower grade • H110 cash costs per ounce of $US , up 70% Y o Y reflecting: – Shortfall in production – Appreciation of Urug
Slide 8: Financial Performance
Financial Performance Key Results Three Months Ended Six Months Ended N November b 3030, N November b 3030, 2009 2008 2009 2008 Operating Results Gold Produced Ounces 13,580 15,837 26,753 32,276 Average cash cost US$/oz 871 811 876 801 Average price received US$/oz 1,065 796 990 852 Financial Result
Slide 9: Outlook
Outlook • San Gregorio S G i Production P d i target for f FY10 off 55,000 55 000 to 57 57,500 500 ounces. – Deferral of approximately 2,000 ounces into 2011 due to rain – Lower recovery v model in H1, applied to H2 • g cash costs for FY10 expected Average p at $ $US 825 p per ounce – $US 50 attribu
Slide 10: San Gregorio Project
• San Gregorio system has San Gregorio Project produced close to 1,000,000 ounces from openp p pits to 200m depth. • Two main open pits, Arenal and San Gregorio g and pprocessingg San Gregorio plant. • Exploration targeting continuation of Arenal and San Gregorio g open p pits at depth to define und
Slide 11: Section from Devin
Section from Devin HOLE ID FROM intercept (>1g/t) ALDD132 446 90 446.90 14 5m @ 4.33g/t 14.5m 4 33g/t ALDD132 472.25 3.85m @ 5.41g/t ALDD132 483.35 3.75m @ 2.44g/t 11 Up to 2m of internal waste (>below 1g/t cut)
Slide 12: Arenal Deeps Project Timeline
Arenal Deeps Project Timeline Activity Timing Initial resource and Prefeasibility Completed D fi iti D Definition Drilling illi C Completed l t d Metallurgy, hydrology, geotechnical Well underway, complete February 2010 studies Resource Modeling Well underway underway, publish March 2010 Feasibility
Slide 13: San Gregorio Deeps Targets
San Gregorio Deeps Targets Oblique view – looking NE (current in/situ resource: Approximately 8Mt @ 13 1.04g/t)
Slide 14: Pantanillo
Pantanillo • Pantanillo project optioned from Anglo American. • Bulk tonne, low grade deposit containing an estimated 2 m oz + • Located in the Maricunga Belt of Chile, hosts in excess of 45 million ounces of resources. resources • Favourable location: relatively close to infrastructure & space to d
Slide 15: Pantanillo
Pantanillo • 17,900 meters of historical drilling, 15,134 meters focused on the Pantanillo Norte deposit. • 7,500m infill and confirmation drilling planned – average depth 200m with a focus on oxide/mixed zones • Goal is NI 43-101 compliant resource during Calendar 2010. • Expect to commence prefeas
Slide 16: Anillo
Anillo • Project j optioned p from Codelco • 30,600 hectares, north and east of Yamana’s El Peñon gold-silver mine • Previous explorers Codelco, Utah, Billiton and Normandy y • Targeting Au + Ag vein mineralization similar to El Peñon • Mapping, soil sampling to commence in Q3 of 2010/11 with drilli
Slide 17: Board of Directors
Board of Directors • Mario Caron P.Eng: Non- Executive Chairman – President and CEO Axmin Inc; Corporate Director • David Fowler CA: Chief Executive Officer & Director • William Lindquist PhD., F. Aus IMM: Non-Executive - Consulting C lti G Geologist l i t anddC Corporate t Di Director t • Julio Por
Slide 18: Investment Highlights
Investment Highlights • Producing gold mine • Existing mining generates positive cash flow for exploration • O Opportunity t it to t iimprove San S G Gregorio i mine i plan l withith exploration l ti on known targets. • Economics of Arenal Deeps expected to improve with recent d illi drilling. • For
Slide 19: Contacts
Contacts Orosur Mining Inc. David Fowler, CEO: + 598 2 6016354; david.fowler@ume.com.uy g Ignacio Salazar, CFO + 598 2 6016354; urumin@ume.com.uy @ y In Europe Matrix Corporate Capital LLP Louis Castro, +44 (0) 203 206 7209 Tim Graham, +44 (0) 203 206 7206 In North America The Sherbourne Group Forbe