Slide 1: Corporate Presentation
Corporate Presentation May 2012
Slide 2: Cautionary Notes
Cautionary Notes Cautionary Notes - Information Purposes Only The information contained in this presentation is provided by OceanaGold Corporation (“OGC”) for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, securiti
Slide 3: Corporate Overview
Corporate Overview Market Overview (25 May 2012) Market Capitalisation ~US$480M Shares Outstanding 262.8M Non-listed Options 6.9M Average Daily Trading Volume (last 90 days) 1.4M Listed as “OGC” TSX, ASX, NZX Share indices: TSX Composite ASX 200 NZX 50 3 OceanaGold Corporation
Slide 4: OceanaGold Vision 2016
OceanaGold Vision 2016 Our Values: Respect Integrity Teamwork Innovation Action Accountability • High performing, growth orientated, Asia Pacific gold company • Explore, develop and operate quality assets in a safe & sustainable manner Our Vision 2016 Enablers • Innovative team culture • Annual prod
Slide 5: Building the Growth Pipeline
Building the Growth Pipeline Operations • Steady New Zealand operations with strong leverage to gold price • H2 2012 production > H1 2012 production • FY2012 Production guidance of 230-250k oz Au @ cash costs of US$900- $980/oz Development • Didipio Project construction commenced June 2011. Currentl
Slide 6: OceanaGold Today
OceanaGold Today EXPERIENCED GOLD PRODUCER ORGANIC GROWTH STRATEGY ASIA PACIFIC FOCUS • Solid production growth with declining cash cost Luzon Didipio Philippines Baguio profile Didipio Stage II Manila • FY2012 Guidance of 230- 250K oz Au @ US$900- $980 / oz cash costs Mindanao • High grade gold - c
Slide 7: Current Producing Assets
Current Producing Assets Successful long term presence in New Zealand MACRAES FRASERS REEFTON Macraes Frasers Reefton Mine Type Open Pit Underground Open Pit Resources1 Gold (Moz) 4.55 1.19 1.20 Reserves1 Gold (Moz) 1.41 0.18 0.37 Estimated mine life ~2019 ~2017 ~2015 - 2017 Gold production (koz) ~1
Slide 8: Didipio Gold/Copper Project
Didipio Gold/Copper Project Didipio Project Metrics Location ~240 km from Manila Annual production Gold: 100 koz Lepanto / Goldfields Copper: 14 kt (LOM avg.) Reserves Gold: 1.68 Moz Philex Copper: 229 kt Ore: 50.7 Mt @1.03 g/t Au and 0.45% Cu Cash costs Years 1-6: (US$79)/oz Au1 Avg. LOM: US$372/oz
Slide 9: Didipio Gold/Copper Project
Didipio Gold/Copper Project Construction commenced June 2011 • Concrete pour commenced Nov 2011 • Mining & TSF construction commenced Jan 2012 • Structural steel erected Q1 2012 • Major equipment arrival on-site Mar 2012 • Commissioning Q4 2012 9 OceanaGold Corporation
Slide 10: Didipio Project Key Schedule
Didipio Project Key Schedule On-track to commission Q4 2012, full year production 2013 Completed 2011 2012 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Site access road • First ore in mills • Commissioning Construction camp1 complete Operations village Mining infrastructure Tailings Storage Facility Storage Sheds P
Slide 11: Didipio Construction Progress
Didipio Construction Progress April 2012 Mine pit starter ongoing Plant site overview Grinding & flash flotation first steel Operations Village overview Reagent Lime Flotation Grinding Mill Plinths Complete 11 OceanaGold Corporation
Slide 12: Didipio Construction Progress
Didipio Construction Progress May 2012 TSF construction of pump sump Primary crusher, conveyor & ROM pad Concentrate handling tank Cleaning of ball mill surfaces Sediment pond Tailing thickener concrete and steel works 12 OceanaGold Corporation
Slide 13: Didipio Stage II Concept
Didipio Stage II Concept • Increase plant capacity by more than 40% from 3.5 Mtpa to 5 Mtpa • Increased production: – 150 koz Gold – 20 kt Copper • Install additional ball mills, flotation, power supply, thickeners. • Targeting 2013 for a Definitive feasibility Note: chart indicates conceptual throu
Slide 14: Significant Exploration Opportunities
Significant Exploration Opportunities Significant near-mine exploration potential, part of 2012 drill program Mogambos • Additional porphyry systems in the • Exploration team established in exploration lease country; awaiting permits • Multiple drilling targets • Forecast spend $5 -10M / year 14 Oce
Slide 15: Sustainability & Community Engagement
Sustainability & Community Engagement Delivering long term sustainable benefits to local communities • Commitment to sustainability beyond life of mine • >20 years community and environmental track record in New Zealand • Actively delivering health, environmental, social and community programs to re
Slide 16: Host Community (Didipio)
Host Community (Didipio) • Didipio will receive 14% (35% of 40% LGU share) of taxes collected by national government (OGPI income tax, excise tax) • First preference for employment • Capital works in MOA (high school, roads, sports centre) • University scholarships and teacher support 16 OceanaGold
Slide 17: Social Development & Management Plan
Social Development & Management Plan Developed the SDMP benefitting Didipio and nine regional communities • Signed in January 2012 • Through our FTAA, 1.5% of operating costs to the SDMP • Approximately US$1.5 million per year of spend on SDMP projects in areas that include: – Health, education, inf
Slide 18: Didipio Community Development Corporation
Didipio Community Development Corporation Our strategy to invest in and enable the community to build capacity • Didipio Community Development Corporation (DiCorp) shareholders are long-term residents of Didipio • DiCorp modelled on similar successful community corporations in Papua New Guinea and n
Slide 19: Didipio Community Involvement
Didipio Community Involvement Kasibu Fiesta with sponsored sports team Agricultural planting program Site visit with local government Skills training program graduation Typhoon food relief aid DiCorp skills training ceremony 19 OceanaGold Corporation
Slide 20: Aus Gold Production & Cash Cost Profile
Aus Gold Production & Cash Cost Profile Source: Macquarie Research, April 2012 20 OceanaGold Corporation
Slide 21: EV/Reserves Multiples
EV/Reserves Multiples EV/Reserve Au EV/Reserve Au-Eq 2,000 2,000 1,500 1,500 US$/oz US$/oz 1,000 1,000 Average: Average: US$559/oz US$548/oz 500 500 - - AuRico AuRico B2Gold Regis OceanaGold Allied B2Gold Regis OceanaGold Allied Aura Aura Kingsgate Kingsgate Alamos St Barbara Alamos St Barbara Medus
Slide 22: Experienced Management Team
Experienced Management Team Mick Wilkes MD & Chief Executive Officer • 27 years industry experience • Developed major projects in Australia and SE Asia • Strong Operations background in hard rock mining • Strong in Community and Government relations • Extensive SE Asian experience Mark Chamberlain C
Slide 23: Looking ahead
Looking ahead • Growth outlook is golden – Increased production (300 – 350 koz Au/yr) – Decreasing cash cost profile (US$500 - $600/oz net of CU1) • Didipio project is on-schedule to commission Q4 2012 • Strong cash flows examine other opportunities to acquire development stage projects • Continue
Slide 24: OceanaGold
i a 4) OCEANAGOLD oceanagold.com PC Innovation Performance Growth
Slide 25: Board of Directors
Board of Directors Jim Askew (Chairman) - Mr. Askew is a mining engineer with over 35 years broad international experience as a Director/CEO for a wide range of international publicly listed mining, mining finance, and other mining related companies. He has served on the board of numerous resource p
Slide 26: Financial Summary
Financial Summary Year Ended 31 December Q1 2012 Q4 2011 Q1 2011 FY2011 Statement of Operations Revenue US$M 88.8 106.6 90.7 395.6 EBITDA US$M 23.3 43.7 44.0 163.9 Operating profit / (Loss) US$M 3.0 22.6 24.4 78.5 Net Earnings / (Loss) US$M (3.9) 14.3 14.8 44.2 Operations snapshot Gold Produced oz 5
Slide 27: Pro forma net cash flow per ounce sold
Pro forma net cash flow per ounce sold Per ounce Au sold Q1 2012 Q4 2011 Q1 2011 Average Gold Price Rec’d $1,708 $1,705 $1,401 Cash Cost reported $1,126 $8901 $687 Pre strip cash expenditure $161 $121 $256 capitalised to Balance Sheet Total Cost/oz (incl pre-strip ) $1,287 $1,011 $943 Pro forma net
Slide 28: Mineral Resources and Reserves
Mineral Resources and Reserves RESOURCE MEASURED INDICATED MEASURED & INDICATED INFERRED RESOURCE Au Au Au Au AREA Mt Au g/t Cu % Cu Mt Mt Au g/t Cu % Cu Mt Mt Au g/t Cu % Cu Mt Mt Au g/t Cu % Cu Mt Moz Moz Moz Moz MACRAES TOTAL 26.29 1.41 1.19 . . 76.76 1.10 2.71 . 103.04 1.18 3.90 . . 49.4 1.2 1.8