Ora Banda Mining Ltd. · ASX:OBM
Ora Banda Mining — Shareholder Meeting (November 2024)
28 slides from Ora Banda Mining's shareholder meeting presentation, Nov 20, 2024
Slide 1: Annual General Meeting Presentation
Annual General Meeting Presentation Luke Creagh Managing Director 20 November 2024 ASX: OBM ORABANDAMINING.COM.AU
Slide 2: Forward looking statements
Forward looking statements IMPORTANT NOTICE AND DISCLAIMER This Presentation dated 6 November 2024 contains summary information about Ora Banda Mining Ltd ABN 69 100 038 266 (Ora Banda Mining or the Company) and its activities based on information available at the time of preparing the Presentation.
Slide 3: We are Ora Banda Mining
We are Ora Banda Mining Sustainably growing gold production to unlock long- term value for all stakeholders DAVYHURST GOLD PROJECT (100% ORA BANDA MINING) ► Large land holding with 68 granted tenements over 1,150km2 ► Belt-scale exploration potential with more than 140km of highly prospective greens
Slide 4: Corporate overview
Corporate overview ASX: OBM CAPITAL STRUCTURE BOARD OF DIRECTORS Share Price* A$/share 0.725 Peter Mansell Non-executive Chairman (Corporate Lawyer) Shares on issue* Million 1,866.0 Luke Creagh Managing Director (Mining Engineer) Performance rights on issue* million 151.9 Alan Rule Non-executive Dir
Slide 5: Delivering on our strategy
Delivering on our strategy Two years in on our DRIVE to 150 koz pa gold production and beyond WE FOCUS ON LEVERAGE OPTIMISE PERFORMANCE THE FUNDAMENTALS ORGANIC OPPORTUNITIES AND GROW THE BUSINESS 1 2 3 Performance executed in line with plan Increase exploration spend, extend mine life Maximise
Slide 6: Delivering on our strategy
Delivering on our strategy Sustainably growing gold production to unlock long-term value for all stakeholders 180 000 450 0 FOCUS ON THE 1 FUNDAMENTALS FY25 COST AND PRODUCTION GUIDANCE2 160 000 150 koz Open pit + stockpiles (oz Au) 400 0 ► Production up Sand King underground mine (oz Au) ► Riverina
Slide 7: Delivering on our strategy
Delivering on our strategy FY25 guidance and FY26 outlook detail DRIVE TO 150 KOZ PA AND BEYOND FY25 GUIDANCE FY26 OUTLOOK1,2 Location Low High Low High Riverina UG (Reserve grade 4.2 g/t Au) 77 koz 81 koz 90 koz 100 koz Sand King UG (Reserve grade 3.2 g/t Au) 15 koz 21 koz 50 koz 60 koz Stockpiles
Slide 8: 1. We focus on the fundamentals
1. We focus on the fundamentals Delivering a transformational twelve months with Riverina Underground production now fully ramped up ORABANDAMINING.COM.AU 8
Slide 9: 1. FY24 - A transformational twelve months
1. FY24 - A transformational twelve months Strategy change to focus on underground delivered record gold production and reduction in AISC/oz 280 00 RECORD 6.0 QUARTER HIGHLIGHTS FROM FY24 TOTAL PROJECT OUNCES AND GRADES (QOQ) 24.3 koz RECORD REDUCTION REDUCTION Production ounces PRODUCTION IN AISC
Slide 10: 1. New Riverina Underground production
1. New Riverina Underground production Commercial production achieved 1 August 20243 320 00 8.0 CONSISTENT MINING WITH HIGH-GRADE MINERALISATION RIVERINA UNDERGROUND OUNCES AND MINED GRADE (QOQ)3 310 00 300 00 FIRST ORE FIRST STOPES STEADY STATE 290 00 UNDERGROUND RAMP UP Production ounces 2
Slide 11: 1. Q1 FY25 Delivers Strong Cash Flow Generation
1. Q1 FY25 Delivers Strong Cash Flow Generation Sustaining Cash Flow generation of $53.3m during record production quarter3 STRONG CASHFLOW AS UNDERGROUND STRATEGY TAKES EFFECT QUARTERLY CASH MOVEMENT ($’000) ► Closing cash of $48.7 million, a $21.9 million increase from the prior Increase Decrease
Slide 12: 2. Levering our organic opportunities
2. Levering our organic opportunities Riverina and Sand King Underground mines set to fill the Davyhurst mill with high-grade ore ORABANDAMINING.COM.AU 12
Slide 13: 2. Riverina Underground mine
2. Riverina Underground mine At the very early stages of understanding the deposit’s full potential RIVERINA LONG SECTION LOOKING WEST: SHOWING PLANNED DEVELOPMENT AND STOPING SHAPES ► Deposit open at depth and to the north and south over 93,000 drill metres planned in FY25 including grade control
Slide 14: 2. Sand King Underground mine
2. Sand King Underground mine DAVYHURST 1.2 Mtpa PROCESSING PLANT Final Investment Decision achieved for new underground mine2 BERWICK – MOREING TARGET SAND KING SAND KING TO ENABLE 150 KOZ PA PRODUCTION OUTLOOK PALMERSTON – PORTAL FIRST STOPING TO CAMPERDOWN TARGET 1 COMMENCED 2 DEVELOPMENT 3 COMME
Slide 15: 2. Sand King Underground mine
2. Sand King Underground mine Set to fill the mill with higher grade ore SAND KING LONG SECTION LOOKING NORTHWEST: A LARGE MINERALISED GOLD SYSTEM SW NE PHASE 1 45,400M UNDERGROUND DRILLING PROGRAM COMMENCED SEPTEMBER CY24 LEGEND Collar (Au gm) 1-3 3-5 5-10 OPEN 10-20 >20 Granite BD Lodes Mineralise
Slide 16: Sustainability at Ora Banda
Sustainability at Ora Banda Sets the foundation on which our future production growth will be built OVER TWO YEARS LOST TIME INJURY FREE ► FY24 TRIFR: 10.8 IDENTIFY ► Dedicated Sustainability Committee ► Business decision-making guided by our core values ► Environmental management system drives cont
Slide 17: 3. Our plan for optimising performance and growth
3. Our plan for optimising performance and growth Unlock the opportunity at Riverina and Sand King in parallel with targeting additional underground potential at other deposits ORABANDAMINING.COM.AU 17
Slide 18: 3. Unlocking Riverina Gold Camp
3. Unlocking Riverina Gold Camp LEGEND RIVERINA GOLD CAMP Gold Resource 730 koz at 2.5 g/t Au Prospect Drill intersection Mafic Systematic exploration focus to uncover the full extent of the system Ultramafic Dolerite Diorite Intrusion GREATER PACIFIC Shear zone FY25 EXPLORATION PROGRAM TO FOCUS ON
Slide 19: 3. Unlocking Riverina Gold Camp
3. Unlocking Riverina Gold Camp Mineralised system remains wide open at depth RIVERINA LONG SECTION LOOKING WEST: NUMEROUS SURFACE ANOMALIES ► Highly encouraging gold mineralisation identified through soil sampling, aircore and reverse circulation drilling ► Limited follow up drilling below 100m to
Slide 20: 3. Underground potential at the Mulline deposit
3. Underground potential at the Mulline deposit Underexplored trend over 10 km strike located ~8km west of the Riverina Trend MULLINE LONG SECTION LOOKING WEST: HISTORIC SHALLOW GOLD MINING ► Over 10km trend with old open pit mines, numerous surface anomalies & high grades identified through through
Slide 21: 3. Central Davyhurst UG potential at Waihi Trend
3. Central Davyhurst UG potential at Waihi Trend Historical underground mined at 29.7g/t head grade with limited down dip exploration of high-grade shoots WAIHI LONG SECTION LOOKING WEST: HIGH GRADE SHOOTS DEMAND FOLLOW UP DRILLING ► Waihi & Homeward Bound trend results to date show underground pote
Slide 22: Executing our strategy to deliver value
Executing our strategy to deliver value Unparalleled growth, delivered sustainably OPERATING WITH A DYNAMIC AND BUILDING A INTEGRITY AND CATALYST-RICH PREMIER MID-TIER DELIVERING OUR YEAR AHEAD GOLD MINING COMMITMENTS BUSINESS CONTINUING TO DELIVER RIVERINA DRILLING EXECUTING OUR PLAN TO SUSTAINABLE
Slide 23: Appendix
Appendix ORABANDAMINING.COM.AU 23
Slide 24: Mineral Resource Estimate Statement
Mineral Resource Estimate Statement1 MEASURED INDICATED INFERRED TOTAL MATERIAL PROJECT ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.) LIGHTS OF ISRAEL - - 74 4.3 180 4.2 254 4.2 34 MAKAI SHOOT - - 1,985 2.0 153 1.7 2,138 2.0 136 WAIHI Open Pit - - 2,057 2.3 95 2.0 2,1
Slide 25: Ore Reserve Statement
Ore Reserve Statement1 DAVYHURST GOLD PROJECT ORE RESERVE BY DEPOSIT Notes: PROJECT AREA PROVED PROBABLE TOTAL MATERIAL 1. The table contains rounding adjustments to reflect accuracy and may not total exactly. 2. This Ore Reserve was estimated from practical mining envelopes and the application of (
Slide 26: ASX Listing Rule 5.23 Statements
ASX Listing Rule 5.23 Statements Mineral Resources and Reserves Exploration Results (Continued) The information in this Presentation that relates to Mineral Resources and Ore Reserves has been extracted Sand King: ‘Davyhurst Gold Project Update’ dated 3 September 2024, ‘Riverina Underground & from t
Slide 27: Endnotes
Endnotes 1. Refer to ASX release, ‘Annual Mineral Resource and Ore Reserve Statement’ dated 2 July 2024 2. Refer to ASX release, ‘Sand King Approval Lifts FY26 Production Outlook to 150koz’ dated 11 July 2024 3. Refer to ASX release, ‘September 2024 – Quarterly Activities Report’ dated 17 October 20
Slide 28: Contact details
Contact details LUKE CREAGH Managing Director +61 8 6365 4548 admin@orabandamining.com.au ORABANDAMINING.COM.AU
Ora Banda Mining — Shareholder Meeting (November 2024) on 6ix