Ormonde Mining Plc · AQUIS:ORM
Ormonde Mining — Shareholder Meeting (June 2013)
22 slides from Ormonde Mining's shareholder meeting presentation, Jun 6, 2013
Slide 1: Annual General Meeting 6 June 2013
ORMONDE MINING ANNUAL GENERAL MEETING 6 June 2013 1
Slide 2: Disclaimer
DISCLAIMER The content of this Presentation has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (as amended). Reliance on this document for the purpose of engaging in any investment activity may expose an individual to a significant risk of
Slide 3: Barruecopardo: World Class Tungsten Project
ORMONDE MINING BARRUECOPARDO WORLD CLASS TUNGSTEN PROJECT 3
Slide 4: Spain: Stable Location
STABLE LOCATION Castilla y Leon Barruecopardo Madrid Lisbon SPAIN Located in stable/developed country Close to services and infrastructure 4
Slide 5: Near Surface & Coarse Tungsten
NEAR SURFACE & COARSE TUNGSTEN …. Cleaner Concentrate from Jig Testwork Mineralisation close to surface Large scheelite crystals easily liberated 5
Slide 6: Means It Is Technically Simple
….. MEANS IT IS TECHNICALLY SIMPLE ….. Open pit shell and tungsten block model Low-risk Open Pit Mining Simple & Efficient Processing Spiral test work for tungsten recovery 6
Slide 7: Creating a Low Cost Project
…. CREATING A LOW COST PROJECT Low Capex Low Opex High Recovery = ROBUST PROJECT 7
Slide 8: A Robust Project
A ROBUST PROJECT Base Case ATP Price US$350/mtu Life of Open Pit 9 Years Averaged Annual Tungsten Production 227,000 mtu’s Total Production from Open Pit 2.04M mtu’s Plant & Infrastructure CAPEX (Incl. Contingency) €48.5M Average Cash Operating Costs €99/mtu Project NPV (8% Discount, Pre-tax Ungeare
Slide 9: In Addition... A Historical Producer
IN ADDITION… A HISTORICAL PRODUCER Proven Production Capability Proven Product Known Product Guaranteed Marketability 9
Slide 10: And a Brownfields Site
AND A BROWNFIELDS SITE More balanced benefits versus impacts Assists with permitting 10
Slide 11: In Summary
IN SUMMARY Stable country location Technically simple Economically robust Proven production ability Clear permitting process = LOW RISK PROJECT 11
Slide 12: Potential to Extend Resources
POTENTIAL TO EXTEND RESOURCES BAR-81 returned 17 metres grading 0.30%WO3 plus narrower higher grade intervals below Mineralisation open along strike and at depth Recent deep drilling supports depth extensions On-site satellite mineralisation known (Valdegallegos) Several historic mines located on su
Slide 13: Barruecopardo: A Low Risk and Long Life Project
ORMONDE MINING BARRUECOPARDO A Low Risk and Long Life Project 13
Slide 14: Being Completed: Permitting, Funding, Land Acquisition
BEING COMPLETED Permitting Funding Land Acquisition 14
Slide 15: Permitting Update
PERMITTING UPDATE Disturbed site from previous activities which will be cleaned and rehabilitated Final stage documents for application for a Mining Concession submitted in July 2012 The Regional Mines Department in Salamanca advised that the documentation submitted conformed to their requirements M
Slide 16: Project Funding Update
PROJECT FUNDING UPDATE Project funding will involve a component of senior debt and a component of equity, and is also expected to include off-take contracts Two potential structures for the equity component in the final stages of negotiation are: 1. Joint Venture which would involve dilution at Proj
Slide 17: Land Acquisition Update
LAND ACQUISITION UPDATE Rental agreement with “option to purchase” mechanism Land-owners representation group formed to collectively negotiate contract terms Local Council land deal signed in February 2012 Steady flow of acceptances from individuals Spanish Law allows for expropriation of land for m
Slide 18: A Strong Asset
A STRONG ASSET …. Stable Country Robust Economics Proven Production Capability Clear Permitting Process Very Good Upside Resource Potential Low Risk and Long Life Project Being Completed • Permitting • Funding • Land rental/acquisition 18
Slide 19: ...In the Right Metal
…. IN THE RIGHT METAL Forecast World Primary Tungsten Consumption From 2009-2016 (Tonnes of W) 100,000 90,000 Tungsten Price (US$/mtu for European APT) 80,000 70,000 from 2008 - 2013 60,000 50,000 $500 40,000 $450 30,000 20,000 $400 10,000 $350 0 2009 2010 2011 2012 2013 2014 2015 2016 $300 Tonnes (
Slide 20: Barruecopardo: World Class Tungsten Project
ORMONDE MINING BARRUECOPARDO WORLD CLASS TUNGSTEN PROJECT 20
Slide 21: Other Projects
OTHER PROJECTS Preliminary non-JORC-compliant resource estimate on the Facho Prospect in Zamora of 4-5Mt @ ~1 g/t gold (= 120-145k ounces) New area of gold mineralisation in drilling at the Peralonso Prospect in Salamanca Better drilling results include: 10m @ 3.4g/t Au from 47m incl. 1.1m @ 22.7g/
Slide 22: Annual General Meeting 6 June 2013
ORMONDE MINING ANNUAL GENERAL MEETING 6 June 2013 22