Ora Banda Mining Ltd. · ASX:OBM
Ora Banda Mining — Investor Presentation (May 2023)
22 slides from Ora Banda Mining's investor presentation, May 9, 2023
Slide 1: Corporate Presentation: Riverina Underground Commenced
Corporate Presentation Riverina Underground Commenced Luke Creagh Managing Director May 2023 ABN 69 100 038 266
Slide 2: Forward Looking Statements
Forward Looking Statements IMPORTANT NOTICE AND DISCLAIMER This Presentation contains summary information about the Company and its activities which is current as at the date of this Presentation. The information in this Presentation is of a general nature and does not purport to be complete nor doe
Slide 3: Disclaimers
Disclaimers Information regarding Exploration Results for Riverina Underground is set out in the ASX announcement 'Riverina Resource & Reserve Update' dated 16 February 2023. The Company confirms that it is not aware of any new information or data that materially affects the information included in
Slide 4: Project Overview
Project Overview OBM Davyhurst tenements are located ~100km north-west of Kalgoorlie and are centred on the following key project hubs: • Siberia & Davyhurst • Riverina & Mulline • Callion & Lady Ida Project area includes: • ~1,200 square kilometre land holding over 130km length • >120km combined st
Slide 5: Strategy Overview
Strategy Overview • New strategy and team in FY23, OBM is aiming to transform from a ~60kozpa gold producer to more than 100kozpa within 2 years, underpinned by progressing high-grade underground opportunities and a strong focus on operational delivery • Tier 1 jurisdiction - 3.0Moz gold endowment (
Slide 6: Corporate Overview
Corporate Overview Capital Structure Board of Directors Share Price1 A$/share 0.135 Peter Mansell Non-executive Chairman (Corporate Lawyer) Shares on issue1 Million 1,611.1 Luke Creagh Managing Director (Mining Engineer) Options & performance rights on Million 122.1 issue1 Non-executive Director (Ch
Slide 7: Recent Transactions represent proceeds up to $44.2 Million
Recent Transactions represent proceeds up to $44.2 Million1 • Raising up to $30 million via a two tranche placement, $20.8 million received in April with the balance of $9.2 million due subject to shareholder approval at shareholder meeting scheduled for 8 June 20231 • Sale of non-core Lady Ida tene
Slide 8: DRIVE to 100 – FY25 Production Target >100kozpa
DRIVE to 100 – FY25 Production Target >100kozpa • Positive decision to develop the Riverina Underground mine creates a Forecast Oz Produced clear path to a production target above 100koz per annum 120 FY23 to FY25 3,000 Year-on-year growth of ~34%, producing ~100koz in • Riverina Underground project
Slide 9: Riverina Underground – Underway
Riverina Underground – Underway OBM Board of Directors approved FID for Riverina Underground in March quarter Company raised up to $44.2 million additional funds (for further detail see Slide 7) Estimated Capital requirement for Riverina Underground ~$30 million1 Leading underground mining contracto
Slide 10: Riverina Underground – Early Days In A Big System
Riverina Underground – Early Days In A Big System • Main Lode East reserve outline compared to mineralisation envelope and Phase 2 drilling campaign • Phase 2 program is targeting extensions to the mineralisation envelope further south and at depth • In the past 37 years, only 17.8km of diamond dril
Slide 11: Riverina Underground – First Exploration Priority
Riverina Underground – First Exploration Priority 3-Year Strategy to focus on high-grade underground targets delivers quick success (1984 – 2022) +20.0km diamond metres • Mineral resource doubled to 303,000 ounces at 4.1g/t forecast for CY2023 Strategy targeting • Resource remains open in all direct
Slide 12: Missouri Open Pit
Missouri Open Pit Missouri (Siberia Trend) – Current mining front • To date, mining at Missouri has been cutting back around early mined pits, namely the WMC pit and the Monarch Stage 1 Pit • The mine is now into fresh ore on the WMC Lode, and at fresh ore at the base of the Stage 1 pit – this trans
Slide 13: Proposed Capital Works - Upgrades
Proposed Capital Works - Upgrades Crushing Circuit Upgrades & Camp Expansion Crushing Circuit Upgrades • Objective to de-bottleneck crushing circuit and reduce maintenance burden • Project includes tertiary crusher replacement • Estimated project costs $2.5 million Camp Expansion • Objective to hous
Slide 14: Finding The Next High Grade Underground Mine
Finding The Next High Grade Underground Mine Recent funding allows OBM to continue to pursue the next high grade underground mine to drive further growth Riverina North and South strike extensions (Slide 14) • Phase 2 drilling program will target continuity of the Riverina system, north and south •
Slide 15: Exploring For The Next High Grade UG Mine – Riverina
Exploring For The Next High Grade UG Mine – Riverina Refer ASX announcement dated 17 Apr 2018, 29 Jul 2019, 26 Aug 2019, 16 Sept 2019, 8 Oct 2019, 9 Apr 2020, 10 Aug 2020, 8 Mar 2021, 2 Aug 2021, 19 Oct 2022, 7 Dec 2022 and 10 Feb 2023 for further drilling details.
Slide 16: Callion – Advanced Underground Target
Callion – Advanced Underground Target 1 Refer ASX Announcement dated 1 August 2022 3 Refer ASX announcement dated 24 October 2016, 10 January 2017, 20 February 2017, 31 August 2017, 28 January 2020, and for further drilling 2 Historical production figures sourced from internal Company Records (updat
Slide 17: Missouri – Good Prospectivity For Underground
Missouri – Good Prospectivity For Underground • Historically no drilling under the Missouri Open Pit looking for underground potential • Deepest holes are only ~200 metres deep and demonstrate grades and widths supporting an underground • Current mining in the open pit show the WMC lode and Monarch
Slide 18: Exploration Outlook – Lithium & Nickel
Exploration Outlook – Lithium & Nickel Priority remains on gold growth, but as part of our exploration strategy OBM will continue to advance other opportunities Lithium Prospectivity • Currently documenting initial review of lithium potential – completes in Q4 FY23 • Scope includes desktop, field as
Slide 19: Exploration – Lithium
Coarse Spodumene in Outcrop Coarse Spodumene in Core Exploration – Lithium First ever lithium exploration hole intersected: • 11.1 metes (estimated true width of 10 metres) @ 1.28% Li2O from 54 metres • This included 8.0 metres @ 1.56% Li2O, maximum value of 1 metre @ 2.13% Li2O 19
Slide 20: Values | How We Operate
Values | How We Operate We target We are a We We Zero Harm Team with a Winning Pursue Solutions with Accept the Challenge to Mindset Intent Create Value • Safety imbedded in all • Plan to win - targets are • Communication positive and • Develop our people to that we do known and achieved respectful
Slide 21: Committing to DRIVE to 100
Committing to DRIVE to 100 Commencement of Riverina Underground puts OBM on path to target 100kozpa in FY25 Strengthened balance sheet with Riverina Underground funded - March quarter completed with $11.4 million in cash - Additional proceeds of up to $44.2 million (refer to slide 7) The DRIVE to 10
Slide 22: The DRIVE to 100
The DRIVE to 100 May 2023 ABN 69 100 038 266