Ora Banda Mining Ltd. · ASX:OBM
Ora Banda Mining — Shareholder Meeting (November 2023)
19 slides from Ora Banda Mining's shareholder meeting presentation, Nov 28, 2023
Slide 1: OBM AGM Presentation
For personal use only OBM AGM Presentation ORABANDAMINING.COM.AU Luke Creagh Managing Director 28 November 2023 ORABANDAMINING.COM.AU ASX OBM 1
Slide 2: Forward Looking Statements
Forward Looking Statements For personal use only IMPORTANT NOTICE AND DISCLAIMER This Presentation contains summary information about Ora Banda Mining Ltd (OBM, or the Company) and its activities which is current as at the date of this Presentation. The information in this Presentation is of a gener
Slide 3: Project Overview
Project Overview Over 110km strike and 1,070km2 tenements not explored for underground mining For personal use only OBM Davyhurst tenements are located ~100km north-west of Kalgoorlie and are centred on 6 key project hubs Project area includes: • ~1,070 square kilometre land holding over 110km lengt
Slide 4: Highlights | FY24 Achievements so far
Highlights | FY24 Achievements so far For personal use only New crusher installed 2 Diamond rigs $26m Li-focused First ore from at Processing plant – drilling potential JV to drive value Riverina UG – achieving nameplate 2nd UG at Sand from non-core ahead of schedule throughput King minerals ORABAND
Slide 5: Sustainability | Integrated into the business
Sustainability | Integrated into the business Integrating sustainability and continuous improvement into our strategy For personal use only • Lost time injury free for FY23 and YTD in FY24 • TRIFR reduced by 10.6% to 8.37 from start of FY23 to present • Regional Heritage Protection Agreement signed
Slide 6: FY24 Guidance | Ounces up 40%, costs down 25%
FY24 Guidance | Ounces up 40%, costs down 25%1 DRIVE to 100 Project continues with Riverina UG For personal use only • FY24 Guidance1 represents a 40% increase in produced ounces and 25% decrease in AISC/oz, benefiting from reduced stripping ratios at Missouri and the introduction of higher-grade Ri
Slide 7: Current Mining | Siberia Open Pits
Current Mining | Siberia Open Pits For personal use only • Current open pit mining is from the Missouri and Sand King open pits on the Siberia Trend • Open pit mining costs are forecast to reduce going forward as the open pit strip ratio reduces by 38% to 4.9 (from 7.9) • This reduction in strip rat
Slide 8: Riverina Underground
Riverina Underground First Ore in Main lode ahead of schedule For personal use only Mineral Resource of 303,000oz and maiden Ore Reserve of 73,000oz @ 4.3g/t1, system open in all directions and further reserve conversion limited by drilling2 Portal was established in May 2023, and first development
Slide 9: Riverina | System open in all directions
Riverina | System open in all directions1 For personal use only ORABANDAMINING.COM.AU 9 1 For further drilling details see ASX Announcement dated 28 November 2023
Slide 10: Riverina | First ore in Main Lode
Riverina | First ore in Main Lode For personal use only ORABANDAMINING.COM.AU 1.6m 1.5m Photo of Main Lode East looking South showing Photo of Main Lode East looking North showing lode width of 1.5m and drive width of 4.5m lode width of 1.6m and drive width of 4.5m (assays pending) (assays pending)
Slide 11: Sand King | Potential for Underground
Sand King | Potential for Underground1 • Sand King is located ~800m north of Missouri, and open pit mining is currently completing a cut-back in the south For personal use only • Open Pit mining has revealed that high grade lodes are more continuous than previously modelled • Initial exploration tar
Slide 12: Sand King | Potential for Underground
Sand King | Potential for Underground1 For personal use only Outstanding results from first two holes at Sand King have revealed high grade depth extensions to the orebody including: • 14.3m @ 8.3 g/t Sand King 060 Lode (including 12.0m @ 9.8 g/t) • 3.0m @ 7.0 g/t Sand King 060 Lode • 4.9m @ 3.6 g/t
Slide 13: Processing upgraded
Processing upgraded For personal use only In November, a 4.5 day crusher shut down was completed safely and on budget, with the primary task of replacing the existing tertiary crusher. In addition to this, further additional works were conducted to improve the overall circuit including: • Rom bin wa
Slide 14: Lithium Focused JV
Lithium Focused JV Strengthens balance sheet with proceeds of $30m1 For personal use only Binding JV & farm-in agreement executed with Brenahan Exploration Pty Ltd (since renamed Davyston Exploration Pty Ltd) (“DEPL”) (a wholly-owned company in the Wesfarmers Chemicals, Energy & Fertilisers (“WesCEF
Slide 15: Values | How we operate
Values | How we operate Winning is all about the people For personal use only ORABANDAMINING.COM.AU 15
Slide 16: Going Forward | Bring on FY24 and beyond!
Going Forward | Bring on FY24 and beyond! Creating unparalleled growth, sustainably – Building the next mid tier miner For personal use only • On the back of a change in strategy in FY23 to high grade underground, we are on the way to over 100kozpa in FY25 • FY24 guidance represents a 40% increase i
Slide 17: Corporate Overview
Corporate Overview For personal use only BOARD OF DIRECTORS CAPITAL STRUCTURE Share Price1 A$/share 0.20 Peter Mansell Non-executive Chairman (Corporate Lawyer) Shares on issue1 Million 1,706.6 Luke Creagh Managing Director (Mining Engineer) Performance rights on issue1 Million 133.2 Alan Rule Non-e
Slide 18: Our Purpose, Vision
For personal use only Our Purpose Ore-some Rocks, Awesome People – Our why Exploring, Developing and Delivering Vision Creating unparalleled growth, sustainably – Our aspiration Building the next mid tier miner ORABANDAMINING.COM.AU OBM Annual General Meeting November 2023 ABN 69 100 038 266
Slide 19: Competent Persons
Competent Persons For personal use only The information in this Presentation that relates to Mineral Resources and Ore Reserves are set out in the Company’s ASX announcement, ‘Mineral Resource and Ore Reserve Statement’ dated 26 October 2023 and is available to view at www.orabandamining.com.au . Th
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