Ora Banda Mining Ltd. · ASX:OBM
Ora Banda Mining — Merger or Acquisition (September 2021)
25 slides from Ora Banda Mining's merger presentation, Sep 7, 2021
Slide 1: TNT to acquire high-grade Mt Ida gold and copper project
7 September 2021 TNT to acquire high-grade Mt Ida gold and copper project Highlights: • Non-binding Agreement reached with Ora Banda Mining Ltd (ASX: OBM) to acquire the Mt Ida gold/copper project • Transaction terms include $11M cash purchase by TNT • Oversubscribed capital raise completed for fund
Slide 2: Transaction conditions, capital raising and next steps
• entry into a formal agreement to more fully document the terms agreed under the Offer Letter (Formal Agreement); • completion of legal, financial and technical due diligence on Mt Ida Gold Pty Ltd and the Mt Ida Asset within 14 days of acceptance of the Offer; • receipt of binding commitments for
Slide 3: Mt Ida project location and Competent Persons Statement
Figure 1; Mt Ida project location Authorised for lodgement by the Board. For further information, please contact: TNT Mines Ltd Matthew Boyes Chief Executive Officer +61 8 6319 1900 frontdesk@tntmines.com.au Competent Persons Statement Exploration information in this Announcement is based upon work
Slide 4: Mt Ida Acquisition
To become Red Dirt Metals Ltd subject to shareholder approval MT IDA ACQUISITION I N V E S T O R P R E S E N TAT I O N | S E P T E M B E R 2 0 2 1 | ASX:TIN
Slide 5: Disclaimer
Disclaimer This presentation does not constitute an offer that is capable of acceptance nor is it a disclosure document under the Corporations Act. This presentation is intended for recipients collectively and does not take into account the investment objectives, financial situations and particular
Slide 6: Corporate Structure
CORPORATE STRUCTURE HIGHLY EXPERIENCED BOARD AND MANAGEMENT CAPITAL STRUCTURE ASX: TIN MATT BOYES • Qualified geologist with 25 years’ industry experience and a strong background in mineral CHIEF EXECUTIVE resource estimation, project development and operations management. Recently Chief CURRENT SHA
Slide 7: Acquisition: Mt Ida Project
Acquisition Mt Ida Project TNT Mines | Investor Presentation 4
Slide 8: Significant Land Position
SIGNIFICANT LAND POSITION Current tenement package 155km2 30km of strike of highly prospective ground over major structural belt All tenements in good standing $340k annual expenditure 19 tenements in package TNT Mines | Investor Presentation 5
Slide 9: Investment Opportunity
INVESTMENT OPPORTUNITY Company-making potential in underexplored Mt Ida project Historic very high grade Au production, Copper production never recorded Almost zero exploration since closure in 2009 Close to Menzies with good access and infrastructure including exploration camp Mt Ida Gold Project P
Slide 10: Mt Ida Project Current Resources
Resource Project Tonnes Grade Contained Metal MT IDA PROJECT CURRENT RESOURCES Category (t) (g/t Au) (oz Au) Indicated Baldock 136,000 18.6 81000 Meteor Whinnen Total 136,000 18.6 81,000 Inferred Baldock Meteor 143,000 9.3 43,000 Whinnen 39,000 13.3 17,000 Total 182,000 10.3 60,000 All Resources 318
Slide 11: Dave Lode
Meteor Pit DAVE LODE The Dave Lode; hangingwall lode with Oxide Potential significant potential for discovery-repetition of Timoni Lode, 5km of strike Commonwealth Meteor Upper Baldock Barassi with multiple Lodes and 0m >306koz historical production -150m Historic exploration very Barassi Deeps limi
Slide 12: Timoni Lode
TIMONI LODE Structural review to form basis for drill targeting Downhole geophysics and surface geophysics to be implemented immediately Initial drilling to commence within 3 months Scale for large resource growth Historic drilling limited to 75m average depth of drilling below surface TNT Mines | I
Slide 13: Key Milestones
KEY MILESTONES First 3-6 Months- Remodel all Geology, design Ida Gold Mine pre-1950 grid of deep holes across package, commence first drilling and geophysics 6-9 months- Increase resource confidence through drilling Meteor-Whinnen lodes and near surface extensions North-South of central fault area-
Slide 14: Copper Opportunity
COPPER OPPORTUNITY Baldock lode contains Copper mineralisation, massive Chalcopyrite associated with shear hosted gold Chalcopyrite will be an excellent targeting tool for further discovery through application of downhole electrical geophysical techniques Underground development face at Mt Ida Baldo
Slide 15: Mt Ida - A Compelling Opportunity
Mt IDA - A COMPELLING OPPORTUNITY Historically produced 306koz @ 17.2g/t Au 5km of strike of mineralized stacked vein system with no single structure closed off along strike or down dip Asset contains a total resource of 318,000t @ 13.8 g/t gold (JORC 2004) contained within 300m of surface Significa
Slide 16: Deal Structure - Post Raise
DEAL STRUCTURE-POST RAISE MT IDA ACQUISITION - PROPOSED RAISE & SHARE STRUCTURE AMOUNT RAISED @ $0.15 $15M Current Shares on Issue M 131.4 Final Issued Capital M 231.4 Options issued at placement M 25 Current Cash & Receivables (approx.) AUD$M 5 Cost of Raise @ 6% AUD$M 0.9 Stamp Duty on $11M (est.)
Slide 17: Current Portfolio
Current Portfolio 6/09/202 TNT Mines | Investor Presentation 14 1
Slide 18: Eureka Project
EUREKA PROJECT Eureka Project comprises of 5 tenements including 4 mining leases and 1 exploration permit to the west of existing pit Ground position sits 50km North of Kalgoorlie - excellent access and supporting infrastructure Minimal exploration completed outside of known pit area 15,200m of RC d
Slide 19: Resource Update Completed
RESOURCE UPDATE COMPLETED New Eureka Independent JORC 2012 resource of 112,000 oz gold @ 1.42 g/t gold reported at cut-off of 0.5g/t gold TNT Mines drilling at Eureka has delivered the resource increase of 68,900oz at an exploration cost of $21 per ounce 62,500oz @ 1.53g/t gold in Indicated category
Slide 20: Recent Drilling at Eureka Adding to Strike Extension
RECENT DRILLING AT EUREKA ADDING TO STRIKE EXTENSION IN PREVIOUSLY UNTESTED AREAS Good Widths of oxidized material Mineralisation intersected close is not closed to existing pit off in either boundary direction North or South of existing Resource Down dip extensions have now been tested with a high
Slide 21: Warriedar Project
WARRIEDAR PROJECT 45km2 tenements including granted Mining Leases Close to Perth and existing infrastructure Tenements feature historic mine workings that produced high-grade gold RRRC0011 recently intersected 44m @ 1.12g/t Au including 20m @ 2.12 Intrusive hosted target large tonnage potential now
Slide 22: Warriedar Project - GAIP Targeting
WARRIEDAR PROJECT-GAIP TARGETING 2.5km of prospective IP Chargeability and coincident Resistivity/Conductivity Target depth 120-200m below surface Coincident sulphide-Alteration and Au- Cu-Ag mineralisation Follow up programme 4000-5000m designed and awaiting rig confirmation PD-IP programme 4 lines
Slide 23: Northern Reids Ridge Intrusive Target
NORTHERN REIDS RIDGE INTRUSIVE TARGET RRRC0011 is anomalous for gold from 0m to 116m within granodiorite intrusive Mineralisation intersected is at the eastern border of the Reids Ridge intrusive granodiorite with an untested conceptual target length of >2km in strike Significant assays returned fro
Slide 24: Lockeridge Fault Project - Earaheedy Basin
LOCKERIDGE FAULT PROJECT-EARAHEEDY BASIN Application E69-3871 submitted for large tenement position in the Earaheedy Basin Encompasses the Lockeridge fault considered to play integral part in control of SEDEX-MVT Zn-Pb mineralisation at Chinook discovery (Rumble Resources) Initial Geochemical and Ge
Slide 25: Contact details
1202 HAY STREET WEST PERTH WA 6005 PH: +61 8 6319 1900 E: frontdesk@tntmines.com.au TNT Mines | Investor Presentation | 22
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