Orvana Minerals Corp. · TSX:ORV

Orvana Minerals — Investor Presentation (December 2013)

25 slides from Orvana Minerals's investor presentation, December 2013

  1. Slide 1: Orvana Minerals Corp. Company Presentation

    ORVANA MINERALS CORP. Company Presentation December, 2013

  2. 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, ex

  3. Slide 3: Diversified Assets

    DIVERSIFIED ASSETS Copperwood North America EVBC MICHIGAN Europe SPAIN Don Mario South America BOLIVIA PRODUCING DEVELOPMENT READY GOLD COPPER SILVER 3

  4. Slide 4: Orvana Today

    ORVANA TODAY • Multi project/commodity producer  El Valle-Boinás Carlés – Spain  Gold, copper, silver  Don Mario, Upper Mineralized Zone – Bolivia  Copper, gold, silver, lead • Development ready project  Copperwood copper project, Michigan USA  Value add options - Joint Venture, Debt/Equity, S

  5. Slide 5: Company Snapshot

    COMPANY SNAPSHOT Market Overview, as at September 30, 2013 Balance Sheet (09/30/13, US$M) Ticker TSX:ORV Unrestricted Cash $13.03 M Shares Outstanding 136.6 M Debt Net of Cash, Cash $39.8 M Equivalents and Restricted Options 2.87 M Cash for Debt Payments Warrants 2.27 M Shareholders’ Equity $158.8 M

  6. Slide 6: Financial Performance

    FINANCIAL PERFORMANCE Q1-2013 Q2-2013 Q3-2013 Q4-2013 FY-2012 FY-2013 Revenue $35,650 $45,577 $36,997 $43,975 $145,574 $162,199 Gross Margin $11,386 $11,697 ($4,388) $12,303 $42,326 $30,998 Adjusted EBITDA¹ $10,760 $12,961 $8,168 $18,981 $43,580 $50,870 Adjusted Net Income (loss)¹ $4,338 $922 ($654)

  7. Slide 7: Total Annual Production

    TOTAL ANNUAL PRODUCTION 100,000 25,000 Copper k/lbs Gold oz 90,000 20,000 80,000 2013 Guidance 15,000 70,000 10,000 60,000 50,000 5,000 40,000 - FY-2012 FY-2013 FY-2014 30,000 GUIDANCE 20,000 1,200,000 Silver oz 10,000 - 1,000,000 FY-2012 TOTAL FY-2013 TOTAL FY-2014 GUIDANCE 800,000 600,000 FY-2014

  8. Slide 8: Total Inventory

    TOTAL INVENTORY Measured and Indicated Resources (Includes Reserves) Gold Copper Silver 1.5 million 2.1 billion 14.2 million ounces pounds ounces Inferred Resources 1.2 million 1.2 billion 1.30 million ounces pounds ounces 8

  9. Slide 9: El Valle-Boinás Carlés Mines

    EL VALLE-BOINÁS CARLÉS MINES Location: Spain Producer: Gold-copper-silver Commercial Production: August 2011 FY-2014 Production Guidance Gold Copper Silver 65 - 75 6 - 6.5 175 - 200 k oz M lbs k oz 9

  10. Slide 10: EVBC Production

    EVBC PRODUCTION GOLD 75,000 oz - 65,000 oz 65,992 oz 42,864 oz 9,336 oz FY-2011 FY-2012 FY-2013 FY-2014 GUIDANCE 200,000 oz - 6.5 Mlbs - COPPER SILVER 197,768 oz 175,000 oz 6.0 Mlbs 6.7 Mlbs 3.95 Mlbs 117,113 oz 1.05 Mlbs 28,456 oz FY-2011 FY-2012 FY-2013 FY-2014 FY-2011 FY-2012 FY-2013 FY-2014 GUID

  11. Slide 11: EVBC Update

    EVBC UPDATE • FY-2013 gold production exceeded guidance • Record gold production in last 2 quarters • Increased oxides mined at Boinás Mine • Alternate hauling production schedule exceeding expectations • Mill throughput hit all time high in August of 2,250 tpd – 10% above capacity • Hoist repair an

  12. Slide 12: EVBC Cost Performance

    EVBC COST PERFORMANCE Continued optimization in 4th quarter  Improved efficiencies in mining of oxides  Cost savings initiatives Cash Operating Costs (COC), All-In Sustaining Costs (AISC), All-In Costs (AIC) ¹ 1800 1800 1800 AISC AISC 1600 1600 1600 $1,749 $1,658 1400 1400 1400 1200 1200 1200 AISC

  13. Slide 13: EVBC Exploration

    EVBC EXPLORATION • 2015 Plan to spend  Up to ~$1.4 million on delineated drilling  Up to ~ $1.9 million on exploration targeting to add 500,000 oz/au in new Carlés Mine resources • Primary drill targets: 1 Boinás Black Skarn 2 Carlés North/ Carlés Northwest 3 Carlés North – deep drilling program 4

  14. Slide 14: Upper Mineralized Zone

    UPPER MINERALIZED ZONE Location: Bolivia Producer: Copper-gold-silver Commercial Production: January 2012 FY-2014 Production Guidance Gold Copper Silver 15 - 18 12 - 13.5 700 - 750 k oz M lbs k oz 14

  15. Slide 15: UMZ Production

    UMZ PRODUCTION GOLD 18,000 oz - 15,000 oz 14,549 oz 13,065 oz 9,977 oz FY 2011 FY 2012 FY 2013 FY 2014 GUIDANCE COPPER 13.5 Mlbs - SILVER 750,000 oz - 820,043 oz 12 Mlbs 700,000 oz 11.42 Mlbs 10.65 Mlbs 599,167 oz 2,218 oz FY 2011 FY 2012 FY 2013 FY 2014 FY 2011 FY 2012 FY 2013 FY 2014 GUIDANCE GUID

  16. Slide 16: UMZ Update

    UMZ UPDATE • Improved recoveries  Increased access to sulphides  Better blending of ores • Higher head grades • LPF processing terminated  Increased production of 5% in Q4  Total all-in sustaining costs reduced by:  19% Gold  8% Copper  17% Silver  $6.3M impairment cost • Evaluation of reage

  17. Slide 17: UMZ Costs Performance

    UMZ COSTS PERFORMANCE Continued optimization in 4th quarter 4 AISC  Lower costs with no LPF process 3.5 $3.61 3 AISC 2.5 AISC $2.63 COC and AISC ¹ 2 $2.35 AISC $2.17 AISC $2.17 AISC $2.38 1.5 COC COC 1 COC COC $2.40 COC COC $2.16 $1.92 $1.97 0.5 $2.18 $1.97 0 1600 AISC Q3-13 Q4-13 Q4-12 Q4-13 FY-20

  18. Slide 18: Don Mario - Exploration

    DON MARIO - EXPLORATION • In 2014 targeting 680,000 oz/au in two schist belts with mining history. 18

  19. Slide 19: Copperwood

    COPPERWOOD Location: Michigan, USA Development ready: Copper Mine Life: 13+ years 19

  20. Slide 20: Copperwood Update

    COPPERWOOD UPDATE • Strong community support • All major permits received  Apr 2012 – Part 632 (Nonferrous Metallic Mining)  Jul 2012 – Permit to Install, or Air Quality Permit  Nov 2012 – National Pollutant Discharge Elimination System  Q2 2013 – Wetland Permit • Optimization work underway  Ad

  21. Slide 21: Copperwood Feasibility Study

    COPPERWOOD FEASIBILITY STUDY • 30 km west of White Pine • 936 hectares under lease • 480 hectares land for infrastructure & access • 2P: 27.4Mt @ 1.41% Cu, 3.62 g/t Ag • ~$213M pre-prod CAPEX • Underground room & pillar • ~13-year mine life • ~28,000t Cu/yr in con (852M lbs) • Cash Costs: $1.26/lb C

  22. Slide 22: Orvana Growth

    ORVANA GROWTH • EVBC - Spain  Extending zones that are open to depth and exploring satellite properties  Up to ~$1.4 million delineated drilling  Up to ~$1.9 exploration targeting to add 500,000 oz/au in new resources • Don Mario – Bolivia  FY-2014 Plan to spend ~$1 million targeting 680,000 oz/

  23. Slide 23: Management Team

    MANAGEMENT TEAM MICHAEL D. WINSHIP P.Eng, Interim MAURICIO PERO, M.Sc. Mining Eng., MBA, President and Chief Executive Executive Vice President, Empresa Officer; Over 30 years of international Minera Paititi S.A; previously General Director experience in mine development, operations, of Operations,

  24. Slide 24: Diverse Board

    DIVERSE BOARD ROBERT MITCHELL CA: Acting Chairman; AUDRA WALSH BSc: CEO of Minera SA retired partner from Ernst and Young; extensive since 2012; previously President and CEO of A2Z financial expertise in mining sector Mining, Inc.; held senior positions with Newmont and Barrick. ED GUIMARAES CA: Pre

  25. Slide 25: Summary

    SUMMARY Multi Project Producer Strategy Strong Future Cash Flow/Income Generation Major European Gold Producer Strengthening Balance Sheet Maximize Value – Both Gold and Copper Production 25

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