Orosur Mining Inc. · TSXV:OMI
Orosur Mining — Global Resources Investing Conference - November 2011
18 slides from Orosur Mining's conference presentation, November 2011
Slide 1: Latin America Focused Gold Mining And Exploration
Latin America Focused Gold Mining And Exploration Global Resources Investing Conference - November 2011 1
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains certain information that constitutes forward-looking statements including the proposed acquisition of the Talca property, the completion of the proposed financing, future operating performance of Orosur Mining Inc. (the “Company” or “OMI”), realization
Slide 3: Corporate Profile
Corporate Profile Capitalisation Overview Key Shareholders AIM:OMI TSXV:OMI Investor Name Holding % Closing Price (12/10/2011) £0.63 C$1.07 Sprott Asset Management 3,800,000 4.9% Year High £0.97 C$1.55 Year Low £0.44 C$0.60 Investec 3,687,900 5.6% 52 Week Trading Range £0.44 - £0.97 C$0.60 - C$1.55
Slide 4: Investment Highlights
Investment Highlights San Gregorio operation - 55,000 koz per annum of consistent production Solid financial position, current cash in excess of US$ 20 M with low debt New Talca acquisition adds high grade asset (historical production of 300,000 ounces at an average of 13 g/t) targeting produc
Slide 5: Orosur Mining project overview
» OROSUR MINING ‘Suriname French Guiana, > San Gregorio — Producing 55Koz p.a. = 849 Koz M&l Resource = Arenal Deeps in development — first production by Calendar Q4 2011 = Sobresaliente resource defined, additional targets for resource expansion in 2012 Anillo — pre resource stage <———_, = Signific
Slide 6: Financial Results Q1, and Full year 2010/11
Financial Results Q1, and Full year 2010/11 Quarter 1 Full Year Key Results Summary1 Ended Aug 31 Ended May 31 2012 2011 2011 2010 Operating Results Gold produced Ounces 12,488 12,937 55,817 56,050 Cash Operating cost US$/oz 944 799 724 794 Average price received US$/oz 1,612 1,216 1,347 1,065 Finan
Slide 7: Production and cash costs
Production and cash costs • Production of 55,817 ounces for 2011 financial year, in line with expectations. Also Q1 at 12,488 (target was 12,000 to 12,500 ounces) • Target production 2012: 57,500 to 60,000 ounces • Total cash cost for 2011 financial year $US 754, well below original target of $US 82
Slide 8: San Gregorio Mine – Production
San Gregorio Mine – Production San Gregorio Overview Production Profile¹ Open pit mine in continuous production since 1997 located 5 year mine life in Uruguay Production of 50-70koz per year Net income before tax – US$ 20 M in 2010/2011 Combination of higher cost open pit with lower cost
Slide 9: Arenal Deeps - Implementation
Arenal Deeps - Implementation Arenal Deeps (San Gregorio) Overview 5 year mine life Reserves of 145koz Au at approximately $US 575 per ounce M&I resources of 249koz Au Stope grade of approximately 3.0g/t Au First large underground mine in Uruguay Simple decline access from bottom of open
Slide 10: Talca – A Strategic Acquisition
Talca – A Strategic Acquisition Talca Overview Project Location Located 375km North of Santiago in the Region IV of Northern Chile, covering an area of 2,000 hectares. Mine in operation for 40 years – operated by a well known local family of artisanal miners. Has produced an estimated 300,000
Slide 11: Talca – Favourable Geology
Talca – Favourable Geology Talca Geology Project Geology Gold veins in Paleozoic rocks. Intrusions of granodiorite to mozodiorite composition and gabbros are locally intruded into these meta-sediments and sediments and have been dated as Triassic-Jurassic age (180-212Ma) Principal structural con
Slide 12: Talca Acquisition & Exploration Plan
Talca Acquisition & Exploration Plan Acquisition Rationale Acquisition Terms Artisinal high grade gold production Price Action Timing Significant production history US$3.85 M Purchase initial 25% Over 18 month period Near mine and district exploration upside Over 24 months Local skilled work
Slide 13: Pantanillo – Scoping Study Underway
Pantanillo – Scoping Study Underway Pantanillo Overview Scoping Study Located in prolific Muricunga belt in Chile (approx 70 m ounces of Au) Recent metallurgical test work at 1 inch crush – results to 40 days Resources of 1.05Moz Au of oxide and mixed ore, sulfide potential at Ore Type Leach T
Slide 14: Pantanillo – Exploration
Pantanillo – Exploration Exploration History 2012 Exploration Programme OMI and Kinross exploration drilling to date focused on defining Geological map of target areas including new areas to south Pantanillo Norte, one of four targets. Soil sampling over alteration signatures 11,750 hectare
Slide 15: Anillo – Pre Resource Exploration
Anillo – Pre Resource Exploration Anillo Overview Exploration Targets Located 125km East of Antofagasta Optioned from Codelco, OMI has right to earn up to 65% interest by spending US$4M over 4 years and completing BFS within further 2 years Targeting high grade Au/Ag mineralisation similar to
Slide 16: Summary
Summary San Gregorio operation - 55,000 koz per annum of consistent production Solid financial position, current cash in excess of US$ 20 M with low debt New Talca acquisition adds high grade asset (historical production of 300,000 ounces at an average of 13 g/t) targeting production in Chile
Slide 17: Additional Option
Additional Option Gladiator Option Other Options August 2010, Orosur entered into option agreement with Gladiator Resource Limited (“GLA"), listed on the Australian May 2011, Orosur entered into option agreement with Ferlesol SA, 100% subsidiary of Union Mineral Group Corp. ("UMG") Stock Exchang
Slide 18: Peer Group Summary
Peer Group Summary EV/oz Resource1 $1,200 7.0 6.0 EV/oz Resource (US$/oz) $1,000 MI&I Resources (Moz) 5.0 Orosur trades at approximately $800 US$35/oz of M&I resource 4.0 $600 versus a peer group of 3.0 US$248/oz $400 2.0 Were OMI to trade on the peer $200 1.0 average, it would have an EV of $0 0.0
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