Ora Banda Mining Ltd. · ASX:OBM
Ora Banda Mining — Investor Presentation (February 2022)
27 slides from Ora Banda Mining's investor presentation, Feb 22, 2022
Slide 1: Investor Presentation
Nuggets recovered from the Missouri Mine INVESTOR PRESENTATION Capital Raising – February 2022 Not for release to US wire services or distribution in the United States.
Slide 2: Important Notices and Disclaimers
IMPORTANT NOTICES AND DISCLAIMERS The following notice and disclaimer apply to this presentation (Presentation) and you are therefore advised to read this carefully before reading or making any other use of this Presentation or any information contained in this Presentation. By accepting this Presen
Slide 3: Important Notices and Disclaimers
IMPORTANT NOTICES AND DISCLAIMERS Past performance Past performance metrics and figures (including past share price performance of OBM), as well as pro forma financial information, included in this Presentation are given for illustrative purposes only and should not be relied upon as (and is not) an
Slide 4: Important Notices and Disclaimers
IMPORTANT NOTICES AND DISCLAIMERS No liability The information contained in this document has been prepared in good faith by OBM. Neither OBM, nor any of its advisers or any of their respective affiliates, related bodies corporate, directors, officers, partners, advisers, employees and agents (each
Slide 5: Important Notices and Disclaimers
IMPORTANT NOTICES AND DISCLAIMERS Disclosure The Joint Lead Managers and the Underwriters and their affiliates and related bodies corporate are full service financial institutions engaged in various activities, which may include (but are not limited to) underwriting, securities trading, financing, c
Slide 6: Investment Highlights
INVESTMENT HIGHLIGHTS • Davyhurst ramp up continues to gain momentum • Two operating mines: Riverina & Missouri • Pre-stripping of Sand King commenced • 1.2Mtpa nameplate process plant operational • Production throughput step change in December 2021 quarter • Strong ore stockpile inventory • 62,000o
Slide 7: Four Key Deposits Underpin Mine Production
FOUR KEY DEPOSITS UNDERPIN MINE PRODUCTION Deposit Mineral Resource1 Mining Reserve1 Comments • Pre-stripping has commenced at Sand King Missouri 2.1Mt @ 3.4g/t for 227koz 1.6Mt @ 2.6g/t for 130koz • Sand King and Missouri to be primary plant feed sources for FY2023 Down plunge drilling confirms San
Slide 8: Operational Update
OPERATIONAL UPDATE • December 2021 quarter gold production of 17,192oz • Best quarter performance since Davyhurst restart • January 2022 monthly gold production of 5,185oz OBM Costs and Gold Price • Consistent mill throughput of ~90,000t per month 3000 Quarterly Data Monthly Data during December 202
Slide 9: Mining Update
MINING UPDATE • Currently undertaking open pit mining at Riverina and Missouri Tonnes Mined by Source and Average Grade and pre-stripping of Sand King 350,000 2.50 • Increasing trend in average mined grade (1.97 g/t in December Quarterly Data Monthly Data 2021 quarter): 300,000 2.00 • Excluding the
Slide 10: Processing Update
PROCESSING UPDATE • Processing and processing plant throughput improved Processed Ore Tonnes and Average Head Grade meaningfully in the December 2021 quarter Quarterly Data 300,000 2.50 • Ore processed in the December 2021 quarter of Monthly Data 270,755 tonnes at an average grade of 2.31 g/t and 25
Slide 11: Exploration Potential – 12 Mineralised Trends
EXPLORATION POTENTIAL – 12 MINERALISED TRENDS • ~1,210km2 of tenements to explore • 12 major mineralized trends identified Mineralised Approx. Strike Trend Length (km) • Over 200 known gold occurrences and prospects Riverina 17 • Excellent exploration intercepts Mulline 17 Santalum 16m @ 1.20g/t (gr
Slide 12: Equity Raising Overview
EQUITY RAISING OVERVIEW Offer size and structure § Single-tranche placement of up to 100 million shares to sophisticated and professional investors to raise up to $5 million (“Placement”). The Placement is not underwritten. § Pro-rata accelerated non-renounceable entitlement offer to existing shareh
Slide 13: Equity Raising Timetable
EQUITY RAISING TIMETABLE Trading halt Tuesday, 22 February 2022 Announcement of Placement and ANREO Tuesday, 22 February 2022 Placement and Institutional ANREO Bookbuild Tuesday, 22 February 2022 OBM Shares resume trading Thursday, 24 February 2022 Announce Placement and institutional ANREO results
Slide 14: Corporate Overview
CORPORATE OVERVIEW Board of Directors Peter Mansell • Corporate lawyer with over 40 years’ experience Non-executive Chairman • Non-executive Chairman of Energy Resources of Australia Limited (Rio Tinto) and DRA Global Ltd Peter Nicholson • Mining engineer with over 25 years of mining, private equity
Slide 15: Risk Factors
RISK FACTORS Introductions The operations and assets of the Company, as with any other mining operations, are subject to a number of uncertainties, including in relation to ore tonnes, grade, metallurgical recovery, New Shares are considered highly speculative. An investment in the Company is not ri
Slide 16: Risks Factors (continued)
RISKS FACTORS (CONTINUED) (c) Future capital requirements (d) Mining risk, Ore Reserve and Mineral Resource estimates and production targets The Company may require further financing to continue to operate in the future if, for example, When compared with many industrial and commercial operations, m
Slide 17: Risks Factors (continued)
RISKS FACTORS (CONTINUED) (e) Title risk An application for forfeiture and objection to an exemption application was lodged in respect of M24/208 for the reporting year ending in 2015. The exemption application has not yet been The Company’s mining and exploration activities are dependent upon the m
Slide 18: Risks Factors (continued)
RISKS FACTORS (CONTINUED) The Company’s operations may be disrupted, curtailed, delayed or cancelled by a variety of risks (i) Native title and hazards which are beyond its control, including environmental hazards, industrial accidents, technical failures, labour disputes or shortages, the effects o
Slide 19: Risks Factors (continued)
RISKS FACTORS (CONTINUED) (k) COVID-19 risks (l) Environmental and safety risk The global economic outlook is facing continuing uncertainty due to the current COVID-19 Mining operations have inherent risks and liabilities associated with safety and damage to the pandemic, which has had, and will lik
Slide 20: Risks Factors (continued)
RISKS FACTORS (CONTINUED) Climate change is a risk that the Company has considered, particularly in the context of its (m) Environmental and other statutory approvals mining operations. The climate change risks particularly relevant include increased policy and regulatory emphasis on transitioning t
Slide 21: Risks Factors (continued)
RISKS FACTORS (CONTINUED) (n) Change in regulations Risks associated with gold price volatility can be reduced by hedging. The Company has a hedging strategy in place but does not have any current hedging in place. Any adverse Adverse changes in Federal or Western Australian government policies or l
Slide 22: Risks Factors (continued)
RISKS FACTORS (CONTINUED) (r) Insurance Whilst the Company undertakes all reasonable due diligence in assessing the creditworthiness of its contractors, suppliers and insurers, there remains a risk that one or more of those parties The Company, where economically practicable and available, endeavour
Slide 23: Risks Factors (continued)
RISKS FACTORS (CONTINUED) 3. General Risks In particular, the share prices for many companies have been and may in the future be highly volatile, which in many cases may reflect a diverse range of non-company specific influences (a) Economic risk such as global hostilities and tensions relating to c
Slide 24: Risks Factors (continued)
RISKS FACTORS (CONTINUED) (e) Accounting standards Changes to any applicable accounting standards or to any assumptions, estimates or judgments applied by management in connection with accounting matters may adversely impact the Company’s financial statements, results or condition. (f) Disruption to
Slide 25: International Offer Restrictions
INTERNATIONAL OFFER RESTRICTIONS Cayman Islands Singapore No offer or invitation to subscribe for New Shares may be made to the public in the Cayman Islands or from within the Cayman Islands. This document and any other materials relating to the New Shares have not been, and will not be, lodged or r
Slide 26: Appendix A – Ore Reserve Table as at 30 June 2021
APPENDIX A – ORE RESERVE TABLE AS AT 30 JUNE 2021 PROVED PROBABLE TOTAL MATERIAL PROJECT ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.) Sand King - - 1,200 2.7 1,200 2.7 110 Missouri 20 0.9 1,600 2.7 1,600 2.6 130 Riverina 340 1.1 1,300 1.7 1,700 1.6 86 Golden Eagle 50 3.2 85 3.6 140 3
Slide 27: Appendix B – Mineral Resource Table as at 30 June 2021
APPENDIX B – MINERAL RESOURCE TABLE AS AT 30 JUNE 2021 PROJECT Cut MEASURED INDICATED INFERRED TOTAL MATERIAL Notes: Off ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.) GOLDEN EAGLE 2.0 73 5 235 4.1 97 3.7 405 4.1 53 1. The Missouri, Sand King, Riverina Area, British Li
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