Orosur Mining Inc. · TSXV:OMI
Orosur Mining — Non-Deal Roadshow (February 2010)
21 slides from Orosur Mining's roadshow presentation, February 2010
Slide 1: Latin America Focused Gold Mining And Exploration
Latin America Focused Gold Mining And Exploration David Fowler CEO & Director February 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 o
Slide 3: Agenda
Agenda • Corporate Profile • Board of Directors • Uruguay Today • Recent Developments • Key Results and Guidance • Key Projects and Plans for 2010/11 • Conceptual Production Profile • Summary 3
Slide 4: Corporate Profile
Corporate Profile • OMI is a fully integrated gold producer and exploration company identifying and developing gold projects in Latin America. • The Company operates the San Gregorio gold mine in Uruguay. • Exploration portfolio focused on Uruguay and Chile. TSX-V/AIM: OMI Shares O/S: 64,432,706 F/D
Slide 5: 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 Geologist and Corporate Director • Julio Porteiro CPA: Non-Executiv
Slide 6: Asset Portfolio
Chile Pantanillo, Maricunga Belt Uruguay Asset Portfolio San Gregorio Gold Mine, Anillo,125 km East of Antofagasta Guyana 400 km north of Montevideo Exploration portfolio Venezuela Suriname French Guiana Exploration portfolio Colombia Ecuador Brazil Peru Bolivia Paraguay Chile Uruguay Argentin
Slide 7: Uruguay
Uruguay • Uruguay; constitutional republic – independence from Brazil in 1835 • Population 3.5 million; capital city Montevideo • Political and labor conditions are among the freest on the continent. • Presidential election 2009; Frente Amplio and President Jose Mujica to remain in office to 2015 •
Slide 8: Operating in Stable Business Environments
Operating in Stable Business Environments Uruguay Chile GDP 2008 per head $US 10,220 $US 9,950 GDP 2009 growth +1.9% -1.0% GDP 2006 to 2008 average + 7% +5.2% Corruption perception index 6.7 6.7 S&P Foreign Rating BB - A+ Inflation 2009 7.1% 1.5% Unemployment rate (2009) 7.6% 9.1% Fraser Institute N
Slide 9: OMI: Recent Developments
OMI: Recent Developments • Gold production 1st Half: 26,753 ounces • Cash flow: US$1.8 million • Completed drilling of Arenal Deeps underground deposit at San Gregorio in preparation for updated NI 43-101 report and feasibility study mid 2010 • Acquired Fortune Valley Resources with high potential P
Slide 10: Outlook: Fiscal 2010
Outlook: Fiscal 2010 • San Gregorio Production target for FY10 of 55,000 to 57,500 ounces. – Deferral of approximately 2,000 ounces into 2011 due to rain – Lower recovery v modelled grade in H1 • Average cash costs for FY10 expected at $US 825 per ounce – $US 50 attributable to lower production – $U
Slide 11: San Gregorio Project
• San Gregorio system has produced San Gregorio Project close to 1,000,000 ounces from open pits to 200m depth. • Two main open pits, Arenal and San Gregorio and processing plant. • Exploration targeting continuation of San Gregorio Arenal and San Gregorio open pits at depth to define underground re
Slide 12: Historical Production Profile
Historical Production Profile Year to Ounces Grade Cash Costs May 31 Au Au per ounce 2009/10 57,500 1.25 g/t US$825 2008/09 70,147 1.73 g/t US$ 705 2007/08 90,668 2.45 g/t US$ 413 2006/07 96,420 2.45 g/t US$ 294 2005/06 101,289 2.65g/t US$ 210 12
Slide 13: Arenal Drill Section
Arenal Drill Section (Oblique view looking north west) Section from Devin HOLE ID FROM intercept (>1g/t) ALDD132 446.90 14.5m @ 4.33g/t ALDD132 472.25 3.85m @ 5.41g/t ALDD132 483.35 3.75m @ 2.44g/t 13 Up to 2m of internal waste (>below 1g/t cut)
Slide 14: Arenal Deeps Project Timeline
Arenal Deeps Project Timeline Activity Timing Initial resource and Prefeasibility Completed Definition Drilling Completed Metallurgy, hydrology, geotechnical studies Well underway, complete February 2010 Resource Modeling Well underway, publish March 2010 Feasibility Study Awarded, completion Q2/3 C
Slide 15: San Gregorio Deeps Targets
San Gregorio Deeps Targets Oblique view – looking NE • Current in situ resource of approximately 8 Mt at 1.04 g/t down to 300 meters from surface maximum depth • Targeting higher grade core to mineralization below /between existing pits for a second underground operation 15 • 9,000 meters planned fo
Slide 16: Pantanillo
Pantanillo • Pantanillo project comprising 11,750 hectares optioned from Anglo American. • Located in the Maricunga Belt of Chile, hosts in excess of 45 million ounces of resources. • Bulk tonne, low grade deposit • Favourable location: relatively close to infrastructure & space to develop the prope
Slide 17: 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 18: Anillo
Anillo • Project optioned from Codelco • 30,600 hectares, north and east of Yamana’s El Peñon gold- silver mine • Previous explorers Codelco, Utah, Billiton and Normandy • Targeting Au + Ag vein mineralization similar to El Peñon • Mapping, soil sampling to commence in Q1 of 2010 with drilling plann
Slide 19: Conceptual Production Profile
Conceptual Production Profile • Target to significantly improve production profile with Arenal Deeps; other underground at San Gregorio and Pantanillo 160,000 140,000 Cash Cost: 120,000 US$825 100,000 80,000 60,000 Cash Cost: 40,000 US$500 20,000 0 Year 2009/10 Year 2011/12 Year 2013/14 San Gregorio
Slide 20: Other Assets
Other Assets Strategy : focus on gold; realise value from other assets • Cinco Rios Diamond Joint Venture – Olivut Resources; drilling planned for coming months • Iron Ore – Optioned to Gladiator Resources who are completing due diligence – Pig Iron production using charcoal • Lascano – Alkaline int
Slide 21: Investment Highlights
Investment Highlights • Producing Gold Mine at San Gregorio, Uruguay – Generates positive cash flow – Arenal Deeps; updated resource March 2010 & feasibility mid 2010 – Opportunity to further improve mine plan with exploration on known targets. • Acquisition of Fortune Valley strengthens growth prof