Orosur Mining Inc. · TSXV:OMI
Orosur Mining — Shareholder Meeting (October 2010)
15 slides from Orosur Mining's shareholder meeting presentation, October 2010
Slide 1: Latin America Focused Gold Mining And Exploration
Latin America Focused Gold Mining And Exploration David Fowler CEO & Director Annual General Meeting 1 October 2010
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: Financial Results Full Year and Q1
Financial Results Full Year and Q1 Summary of Results Fiscal Year Ended Three Months Ended May-31 August 31 2010 2009 2010 2009 Operating Results Gold Produced Ounces 56,050 70,147 12,937 13,173 Grade processed g/t Au 1.22 1.72 1.18 1.15 Average cash cost US$/oz 827 705 839 880 Average price receive
Slide 5: San Gregorio Project
San Gregorio Project San Gregorio system has produced approximately 1Moz from open pits 1.4 mtpa processing plant with experienced workforce 5
Slide 6: San Gregorio Reserves and Mine Plan
San Gregorio Reserves and Mine Plan Ounces Grade Open Pit Reserves 1 June 2009 182,300 1.23 Depletion due to mining (60,002) New open pit 80,488 Arenal underground 143,000 Updated Reserves 345,786 1.51 • 2011 production target 55,000 ounces at $US 825 per ounce • Arenal Deeps feasibility study compl
Slide 7: Arenal Deeps – Feasibility Study results
Arenal Deeps – Feasibility Study results Summary of Financial Results (pre-tax, @ 1000 $/oz gold price) 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
Slide 8: Arenal Deeps – Implementation
Arenal Deeps – Implementation • Decline access from bottom of open pit • Mining method – transverse open stoping and inclined room and pilar • Contractor for development and initial mining, progressing to owner operator mining. Activity Timing Feasibility study Complete Environmental permit In progr
Slide 9: Vaca Muerta
Vaca Muerta • Located 85 km from San Gregorio • Historical drill program of 1,378 meters in 1999, best result 37 meters at 0.5 g/t. • New 600 meter drill program, results opposite. • Soil anomolies along strike • Additional drilling underway to confirm dip and Hole From To Interval Gold (m) Au g/t t
Slide 10: 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 11: 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 12: 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 13: Anillo
Anillo • Project optioned from Codelco • 30,600 hectares, north and east of Yamana’s El Peñon gold-silver mine • Targeting Au/Ag vein mineralization • Exploration program commenced in Fiscal Q1 2011 and includes mapping, sampling, trenching and ground geophysics to identify targets. • Phase 1 includ
Slide 14: Other Business
Other Business Other Exploration targets: • Incahausi (Chile IOCG Belt) – High grade vein and porphry targets, currently being mined at 20 g/t • Rocha (Uruguay) – A number of high grade zones along a 2 km structure, will drill test early in 2011 • Texas (Uruguay) – Prospective area is about 5 x 1.5
Slide 15: Summary
Summary • Improved producing gold mine - San Gregorio, Uruguay. • New portfolio of Chilean exploration assets. • Strengthened management Team. • Generating positive cash flow. Leveraged to gold price. • Diversified South American growth focus. Upcoming Newsflow: - Arenal Deeps approval, financing: N