Orvana Minerals Corp. · TSX:ORV
Orvana Minerals — Q3 2011 Earnings Presentation
21 slides from Orvana Minerals's earnings presentation, Aug 16, 2011
Slide 1: Q3 – June 30, 2011 Results Conference Call
Q3 – June 30, 2011 Results Conference Call August 16, 2011
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Certain statements in this presentation constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Any statements that express or involve discussions with respect to predictions, exp
Slide 3: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM ROLAND HORST, MBA, LLB, M.Sc, Chief Executive Officer as of 2010; 35 years of mining industry experience as CEO, investment banker, corporate banker and geologist in Canada, Brazil, Indonesia and Chile. CARLOS MIRABAL, M.Sc., President & Chief Operating Officer, since 200
Slide 4: Q3 – June 30, 2011 Results
ORVANA MINERALS CORP. Q3 — June 30, 2011 RESULTS
Slide 5: Equity Financing August, 2011
EQUITY FINANCING August, 2011 Size: 17 Million Shares Price: C$2.00 per share Use of Proceeds: Capex on EVBC ($US 10 million) Environmental Bond at EVBC ($US 7.2 million), Working Capital (US$1.0 million) Components: (1) Prospectus Offering 8.5 million shares @ C$2.00 per share (2) Private placement
Slide 6: Q3 Results
Q3 RESULTS Quarter Ended June 30, 2011 2011 2010 Production (Au, oz) nil 6,545 Three Months Ended June 30 (All figures in $US) 2011 2010 (000’s) (000’s) Revenue $1,752 $7,758 Operating Loss (128) 1,350 Net income (loss)¹ (7,013) (1,106) Net income /(loss) per share – basic and diluted ($0.06) ($0.01
Slide 7: Orvana Key Focus
mageve ORVANA KEY FOCUS Multi Project Producer Strategy Strong Internal Cash Flow/ Income Generation Major European Gold Producer Significant and Growing Copper Producer Maximize Value — Both Gold and Copper Plays
Slide 8: El Valle-Boinás/Carlés (EVBC)
EL VALLE-BOINÁS/CARLÉS (“EVBC”) SPAIN Carlés El Valle-Boinás MADRID 8
Slide 9: EVBC – Commissioning Towards Full Production
EVBC– COMMISSIONING TOWARDS FULL PRODUCTION COMMISSIONING BEGAN – May 31, 2011 Source: NI-43-101 Technical report on the Boinás and Carlés Gold Mines (A. Wheeler, B. Dowdell, A. Noble) dated April 30, 2010 9
Slide 10: EVBC – Targeted Operational Parameters
EVBC – TARGETED OPERATIONAL PARAMETERS Base Case: Throughput 1,900 tpd (for 7 years) Avg. Annual Production 105,000 ounces Au (recovered) 3,900 tonnes Cu (recovered) 160,000 ounces Ag (recovered) Gold recovery (LOM) 94% Copper recovery (LOM) 78% Silver recovery (LOM) 70% US$70M Pre-production Capita
Slide 11: El Valle-Boinás Orebodies
El Valle-Boinás Orebodies SHAFT 11
Slide 12: EVBC: Start-up & Commissioning
EVBC: Start-up & Commissioning Start-up and commissioning commenced May 31, 2011 Initial production at 70% (1,400 tpd) capacity to start in May, 2011 from Carlés and ramp access at El Valle – Boinás First 1,000 tonnes concentrate and gold/silver dore bars shipped and funds received. 285 employees on
Slide 13: Don Mario: Bolivia
aarere Don Mario: Bolivia DON MARIO MINE
Slide 14: UMZ Commissioning
UMZ COMMISSIONING Third Quarter: Las Tojas open pit, now depleted Final shipment made Production ceased with commissioning of UMZ UMZ Commissioning April 2011 First 1,000 tonnes shipment of concentrate August, 2011 14
Slide 15: UMZ: Commissioning
UMZ: COMMISSIONING NI 43-101- compliant reserve and cash flow study Mine life to beyond 2019 $20M invested on mill upgrade and expansion $10M capital improvements Completed within budget 2,000 tonnes per day mill Commissioning has been slower than plan but now on track towards targeted levels in nex
Slide 16: UMZ Production Scenario
UMZ PRODUCTION SCENARIO Mine life of 9+ years Average annual production* 14.5 million pounds of copper 14,400 ounces of gold 460,000 ounces of silver * Source: Zandonai, Bhappu, and Williams, August 20, 2010 NI 43-101 compliant Technical Report 16
Slide 17: Copperwood
COPPERWOOD % P \ Keweenawan Rift rocks Lgke [41 Sedimentary ipigon [J Igneous __ Diabase dikes o” Major faults Native copper occurrences Ye = Several Abundant Canada (0 ba — ey ee _! ‘\ 50 miles oe \ er Royale VSS a Lake Superior “gS Keweenaw Peninsula South Range to Mohaw! __ ayn asiatowes 74 YK |
Slide 18: Copperwood Pre-Feasibility: Excellent Leverage to Cu Price
Copperwood Pre-Feasibility: Excellent Leverage to Cu Price (August, 2011) Conceptual Mine Plan1 Pre-Tax Net Present Value (US$ millions) *Drill and Blast Case 30.34 million short tons at 1.33% copper (underground drill and blast) Discount Rate Copper Price (US$)/ Silver Price (US$) 2.6 million short
Slide 19: Copperwood Reserves & Resources
COPPERWOOD RESERVES & RESOURCES Cu Ag Mt* % M lbs gpt M oz Proven Reserves (Copperwood – D&B) 22.6 1.37 683 4.2 2.98 Probable Reserves (Copperwood – D&B) 4.6 1.11 115 2.8 0.46 TOTAL RESERVES** 27.2 1.33 798 3.9 3.46 Indicated Resources (Copperwood Satellites) 25.0 1.40 771 Inferred Resources (Copper
Slide 20: Orvana Total Inventory
ORVANA Total Inventory Measured and Indicated Resources (Includes Reserves) Gold Copper Silver 1.5 million | 2 billion | 14 million ounces pounds ounces Inferred Resources 1.5 million 1.2 billion 3.5 million ounces pounds ounces
Slide 21: Outlook: Annualized Projected Production
Outlook:Annualized Projected Production Mid 2012 COPPERWOOD EL VALLE - BOINÁS CARLÉS DON MARIO Gold Copper Silver 75,000 9,000 550,000 ounces tonnes ounces 21