Ora Banda Mining Ltd. · ASX:OBM
Ora Banda Mining — APAC 121 Conference March 2021
31 slides from Ora Banda Mining's conference presentation, Mar 19, 2021
Slide 1: Australia's Newest Gold Producer
AUSTRALIA’S NEWEST GOLD PRODUCER APAC 121 Conference 17 - 19 March 2021
Slide 2: Important Notice
IMPORTANT NOTICE No reliance: This presentation is a document that has been prepared by Ora Banda Mining Limited (“Company”, “OBM” or “Ora Banda”) for the purpose of providing a company and technical overview to interested investors. None of the Company, nor any of its related bodies corporate, thei
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS • Australia’s newest gold producer - first gold poured 7 February 2021 • Financially robust project1 – 5.2 year mine life – 81kozpa – average annual gold production – A$68.8M – average annual free cash flow (at A$2,550/oz gold price) • Fully funded and debt-free – $32.6 million
Slide 4: Corporate Overview
CORPORATE OVERVIEW Ora Banda Mining (ASX:OBM) Board of Directors Share Price (8 March 2020) A$/share $0.26 Peter Mansell • Corporate lawyer with over 40 years’ experience Non-executive Chairman • Currently Non-executive Chairman of Energy Resources of Australia Limited (Rio Tinto) Shares on issue M
Slide 5: Davyhurst Gold Project
DAVYHURST GOLD PROJECT 5 5
Slide 6: Compelling Financial Metrics
COMPELLING FINANCIAL METRICS1 Recap of Key DFS Metrics Key DFS Outcomes Unit Base Case Spot Case Gold price A$/oz 2,100 2,550 • DFS base case undertaken at A$2,100/oz gold price Gold produced (LOM) Koz 418 – Significant upside to current gold price environment Gold produced (annual average – LOM) Ko
Slide 7: Capital Program Completed Within Budget
CAPITAL PROGRAM COMPLETED WITHIN BUDGET Recap of Capital Works Program DFS 28 Feb Forecast Pre-Production Capital Costs A$M A$M A$M • Processing plant Processing plant – direct costs 8.7 7.6 8.7 – direct procurement and remedial site works program to enable the processing plant to operate at its nam
Slide 8: Producer with Near Term +80kozpa Target
PRODUCER WITH NEAR TERM +80KOZPA TARGET1 Current Operational Status ANNUAL ORE TONNAGE & ORE GRADE MINED BY PIT 1400 3 • 81koz average annual gold production 2.58 2.53 Ore Tonnage (t) 2.44 Ore Grade (g/t Au) Thousands 1200 2.5 2.21 – Production target of 481koz over current 5.2 year mine life 1.95 2
Slide 9: Long Term Infrastructure in Place
LONG TERM INFRASTRUCTURE IN PLACE • Significant infrastructure in place to support 1.2Mtpa Davyhurst Processing Plant Control Room current and future operations includes: – administration, technical services and emergency response buildings at Davyhurst – site offices with associated outbuildings an
Slide 10: Mine Development Program
MINE DEVELOPMENT PROGRAM 10 10
Slide 11: Six Key Deposits Underpin Mine Production
SIX KEY DEPOSITS UNDERPIN MINE PRODUCTION1 1. Riverina (Open Pit & Underground) – 44km from Davyhurst • Resource 3.7 Mt @ 2.7 g/t for 322 koz1 - Open Pit (3.0 Mt @ 1.9 g/t for 183 koz) + Underground (0.7 Mt @ 5.9 g/t for 139 koz) • Ore Reserve 1.4 Mt @ 1.8 g/t for 81 koz2 • Mineralisation remains op
Slide 12: Six Key Deposits Underpin Mine Production
SIX KEY DEPOSITS UNDERPIN MINE PRODUCTION • Mine plan based on Ore Reserve of 6.1Mt @ 2.4g/t Au for ANNUAL ORE TONNAGE & ORE GRADE MINED BY PIT 460koz Au1 1400 3 2.58 2.53 Ore Tonnage (t) • Conventional approach to mining method and schedule 2.44 Ore Grade (g/t Au) Thousands 1200 2.5 2.21 2.02 • Min
Slide 13: Riverina Open Pit Mining Operations
RIVERINA OPEN PIT MINING OPERATIONS 13
Slide 14: Golden Eagle Underground Operations
GOLDEN EAGLE UNDERGROUND OPERATIONS 14 Installing Ground Support
Slide 15: Process Plant in Operation
PROCESS PLANT IN OPERATION 15
Slide 16: Infrastructure – LNG Facility
INFRASTRUCTURE – LNG FACILITY 16
Slide 17: Infrastructure – Riverina Camp
INFRASTRUCTURE – RIVERINA CAMP 17
Slide 18: Resource Definition and Exploration
RESOURCE DEFINITION AND EXPLORATION 18 18
Slide 19: Riverina South - An Advanced Near Mine Prospect
RIVERINA SOUTH - AN ADVANCED NEAR MINE PROSPECT Resource Definition Riverina South & UG Prospects – Adjoins & Below Riverina Open Pit • Confirmed extension to Riverina Main Lode mineralisation, remains open along strike to the south and at depth • Maiden resource estimate of 650kt @ 2.1 g/t for 43ko
Slide 20: Exploration Potential – Multiple Regional Prospects
EXPLORATION POTENTIAL – MULTIPLE REGIONAL PROSPECTS Regional Exploration Large landholding covering 1,350km2 and many kms of prospective strike Tenement consolidation occurred in 2007, but no coherent exploration effort undertaken as yet High priority targets include well-defined but poorly-tested p
Slide 21: Exploration Potential – Multiple Regional Prospects
EXPLORATION POTENTIAL – MULTIPLE REGIONAL PROSPECTS Regional Exploration TARGETS - Exploration & Resource Development – “Target Support” defines current understanding and confidence in the target – “Prospectivity” defines the potential of the target – Size of the bubble represents the potential size
Slide 22: Appendices
APPENDICES 22 22
Slide 23: Riverina
1 RIVERINA Mine Development Riverina - Open Pit & Underground Riverina Isometric view looking north-west • Resource 3.7 Mt @ 2.7 g/t for 322 koz1 - Open Pit 3.0 Mt @ 1.9 g/t for 183 koz - Underground 0.7 Mt @ 5.9 g/t for 139 koz • Ore Reserve 1.4 Mt @ 1.8 g/t for 81 koz2 • Located 48 km from Davyhur
Slide 24: Golden Eagle
2 GOLDEN EAGLE Mine Development Golden Eagle - Underground • Resource 0.4 Mt @ 3.9 g/t for 49 koz1 Golden Eagle Long Section • Ore Reserve 0.1 Mt @ 3.8 g/t for 16 koz2 • Located 2 km from Davyhurst Process Plant • Substantial development complete (mine developed to 150m vertical depth) • Down plunge
Slide 25: Missouri
3 MISSOURI Mine Development Missouri Missouri - Open Pit & Underground Isometric view looking north-west • Resource 2.1 Mt @ 3.4 g/t for 227 koz1 • Ore Reserve 1.5 Mt @ 2.6 g/t for 130 koz2 • Located 37 km from Davyhurst Process Plant Missouri Mine Design Showing pit design & mineralisation wirefram
Slide 26: Sand King
4 SAND KING Mine Development Sand King - Open Pit & Underground Sand King Mine Design • Resource 2.5 Mt @ 3.5 g/t for 286 koz1 Showing pit design & mineralisation wireframes • Ore Reserve 1.3 Mt @ 2.6 g/t for 110 koz2 Isometric view looking north-west • Located 37 km from Davyhurst Process Plant • U
Slide 27: Waihi
5 WAIHI Mine Development Waihi - Open Pit & Underground • Resource 2.5 Mt @ 2.6 g/t for 206 koz1 - Open Pit 2.1 Mt @ 2.4 g/t for 159 koz - Underground 0.4 Mt @ 3.8 g/t for 47 koz • Ore Reserve 1.5 Mt @ 2.3 g/t for 110 koz2 • Located 3 km from Davyhurst Process Plant • Underground potential remains b
Slide 28: Callion
6 CALLION Mine Development Callion - Open Pit & Underground • Resource 0.7 Mt @ 4.9 g/t for 107 koz1 • Ore Reserve 0.2 Mt @ 2.6 g/t for 21 koz2 • Located 14 km from Davyhurst Process Plant • High grade underground potential 1. Refer to Appendix A & B - Mineral Reserve and Mining Resource Statement f
Slide 29: Appendix A – Ore Reserve Table
APPENDIX A – ORE RESERVE TABLE PROVED PROBABLE TOTAL MATERIAL PROJECT ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.) Sand King - - 1,300 2.6 1,300 2.6 110 Missouri - - 1,500 2.6 1,500 2.6 130 Riverina Open Pit - - 1,400 1.8 1,400 1.8 81 Golden Eagle - - 130 3.8 130 3.8 16 Waihi - - 1,5
Slide 30: Appendix B – Mineral Resource Table
APPENDIX B – MINERAL RESOURCE TABLE MEASURED INDICATED INFERRED TOTAL MATERIAL MEASURED INDICATED INFERRED TOTAL MATERIAL PROJECT PROJECT Cut-Off ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.) Cut-Off ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au)
Slide 31: David Quinlivan, Managing Director
David Quinlivan Managing Director Email: [email protected] Phone: +61 8 6365 4548 31