Investor Presentaiton
Total Tonnes Mined (Millions)
The PEA in Summary
Economically viable with excellent returns
■
15-year LOM, 3.5mtpa processing capacity with 90.9% average Au recovery.
124,000 ounces Au pa for years 2-5, 99,000 ounces average annual production
US$ 827/oz cash cost, 947 US$/oz AISC (incl. royalties, levies & sustaining capex)
US$ 176m capital cost (plus 15% contingency of US$26m)
Cashflow
$1850/post-tax/undiscounted
Net Present Value
$1700/post-tax
: US$ 1058m with 44% IRR and 2.1 years payback
: US$ 377m with 38% IRR and 2.3 years payback
Significant Upside Potential
Low Development Risk
Excellent location in infrastructure-dense area of Namibia
geologically consistent & technically low-risk
no metallurgical fatal flaws & low capital intensity
30,00
25,00
20,00
15,00
10,00
5,00
Tonnes Mined - Diluted Grade
1,40
140 000
1,20
120.000
1,00
100 000
0,80
0,60
0,40
0,20
0,00
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Twin Hills & Bulge Ore
Clouds Ore
Waste
----- Grade
Diluted Grade (g/t)
Ounces Produced
80 000
60 000
40 000
20 000
0
Gold Production
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Cumulative Gold Production
Gold Production
OSINO
RESOURCES
1,60
1,40
1,20
1,00
0,80
0,60
0,40
0,20
0,00
Cumulative Ounces Produced Millions
The preliminary economic assessment reflected in this presentation is from the Company's current technical report (the "Current PEA") on its Twin Hills Gold Project in Namibia which is referred to in this presentation and is the technical report most recently filed
on SEDAR at www.sedar.com under the Company's profile. This preliminary economic assessment is preliminary in nature, as it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to
them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. The Current PEA sets out the basis for the preliminary economic assessment and any qualifications and
assumptions made by the qualified persons responsible for the Current PEA. The most pertinent assumptions and qualifications, other than as noted above, are that the economic analysis was based on a foreign exchange rate of USD1.00 = $15.5 Namibian
dollars and base case gold price of USD$1,700/oz gold, as well as the following parameters: 15-year LOM, 5.0% mining dilution, 3.5% mineralized material loss, 90.9% gold recovery, 3.0% royalty, and 1.0% export levy (please see Current PEA for further details).
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