haile gold mine design to operationpalomino mustang champion small south pit ledbetter snake 20. 21...

38
CONSISTENTLY DELIVERING ON COMMITMENTS INNOVATION I PERFORMANCE I GROWTH Haile Gold Mine Design to Operation

Upload: others

Post on 25-Mar-2020

1 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

CONSISTENTLY DELIVERING ON COMMITMENTS

INNOVATION I PERFORMANCE I GROWTH

Haile Gold Mine Design to Operation

Page 2: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

Cautionary Notes - Information Purposes Only The information contained in this presentation is provided by OceanaGold Corporation (“OGC”) for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, securities of OGC or other financial products. The information contained herein is not investment or financial product advice and has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. The views, opinions and advice provided in this presentation reflect those of the individual presenters only. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusion contained in this presentation. To the maximum extent permitted by law, none of OGC or any of its directors, officers, employees or agents accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this presentation. Furthermore, this presentation does not constitute an offer of shares for sale in the United States or to any person that is, or is acting for the account or benefit of, any U.S. person (as defined in Regulation S under the United States Securities Act of 1933, as amended (the "Securities Act")) ("U.S. Person"), or in any other jurisdiction in which such an offer would be illegal. OGC’s shares have not been and will not be registered under the Securities Act.

Cautionary Statement Concerning Forward Looking Information Certain information contained in this presentation may be deemed “forward-looking” within the meaning of applicable securities laws. Forward-looking statements and information relate to future performance and reflect OGC’sexpectations regarding the generation of free cash flow, execution of business strategy, future growth, future production, estimated costs, results of operations, business prospects and opportunities of OGC and its relatedsubsidiaries. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using wordsor phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” betaken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or resultsto differ materially from those expressed in the forward-looking statements and information. They include, among others, the accuracy of mineral reserve and resource estimates and related assumptions, inherent operatingrisks, and those risk factors identified in OGC’s most recent annual information forms prepared and filed with securities regulators which are available on SEDAR at www.sedar.com under OGC’s name.There are no assurances OGC can fulfil forward-looking statements and information. Such forward-looking statements and information are only predictions based on current information available to management of OGC as ofthe date that such predictions are made; actual events or results may differ materially as a result of risks facing OGC, some of which are beyond OGC’s control. Although OGC believes that any forward-looking statements andinformation contained in this presentation are based on reasonable assumptions, readers cannot be assured that actual outcomes or results will be consistent with such statements. Accordingly, readers should not place unduereliance on forward-looking statements and information. OGC expressly disclaims any intention or obligation to update or revise any forward-looking statements and information, whether as a result of new information, events orotherwise, except as required by applicable securities laws. The information contained in this release is not investment or financial product advice.

Technical DisclosureFor further scientific and technical information (including disclosure regarding mineral resources and mineral reserves) relating the Macraes Operation, the Didipio Operation, the Waihi Gold Operation and the Haile Gold MineProject, please refer to the NI 43-101 compliant technical reports available at sedar.com under the Company’s name. For further scientific and technical information (including disclosure regarding mineral resources and mineralreserves) relating to the El Dorado property, please refer to the reports publicly available on SEDAR (www.sedar.com) prepared for Pacific Rim Mining Corp.

General Presentation NotesAll AISC and cash costs are net of by-product credits unless otherwise statedAll financials are denominated in US Dollars unless otherwise stated

Cautionary and Technical Statements

Page 3: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

3

“Son, Things Change.” 3

Page 4: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

4

Rich History

• First discovered by Colonel Benjamin Haile

“Gold in South Carolina?”

4

Page 5: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

5

5South Carolina

Page 6: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

6

Carolina Slate Belt 6

Page 7: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

7Haile Property

City of Kershaw

4,552 acres

Fee Simple

Page 8: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

8

Thomas Pinckney – SC Governor

John Marshal (1787)

William Welch (1792)

Benjamin Haile (1818)$3,000 (Inflated to 2019 $)

5,000 acres

Little Lynches Creek 8

Page 9: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

9

“Placer” Mining – Panning Circa. 1827

Placer Mining 9

Page 10: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

10

Arrastras and Pick Axe 10

Page 11: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

11

First properties to employ stamp mills

Steam driven

No protection

Extremely dangerous

Stamp Mill 11

Page 12: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

12

1890s –1900s – Dr. Thies

(Picture Circa 1904)

Barrel Chlorination

Dr. and Mrs. Theis 12

Page 13: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

13

Heap Leaching

Circa 1985

13

Page 14: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

14

1. Responsible Partners

2. Safety and Environmental Stewardship

3. Concurrent Mining and Reclamation

4. State-of-the-art Process Facility

a) Ultra-Fine Grinding

b)Cyanide Destruct System

c) Lined Contact Water Facilities

5. Proven Closure Methods

What’s Different? 14

Page 15: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

15

Responsible Global Partnerships = OceanaGold 15

Page 16: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

Comprehensive and Strategic Exploration Program 16

Page 17: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

17

Miles and Miles of Core 17

3x

Page 18: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

Champion

Small

601

MillZone Haile

RedHill

Mustang

Ledbetter

Snake

Horseshoe

Palomino

Haile Mineralized Trends

A

A’

18

Page 19: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

Snake West Cross Section 19

Page 20: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

20

Mine Plan

900 ft.

2,000 ft.

2.2 miles (3.5 km)

DEP

TH

(ft.

)

HORSESHOE

PALOMINO

MUSTANG

CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE

20

Page 21: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

21

High Tech Mining Equipment 21

Page 22: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

22

Process Flowsheet 22

Page 23: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

23

Run of Mine (ROM) Pad and Grizzly

Reduces scheduling conflicts with mine

More flexibility for mine (unconstrained material movement)

Enhanced blending / more consistent plant feed grade

23

Page 24: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

24

Coarse Ore Stockpile/ Surge Bin Decoupling of crushing operations from milling

Crushing and Milling can run when each are down/up

24

Page 25: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

25

Primary Cyclone Feed Pump

Initial Design• Single installed primary cyclone feed pump

Design Modification

• Standby primary cyclone feed pump

25

Page 26: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

26

Flash Float Upgrade• Larger unit for increased throughput

• Improved Grinding Circuit operation and maintainability

• Industry proven cell design

26

Page 27: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

27

Tailings Treatment

• 100% Cyanide Destruct

• INCO Process

27

Page 28: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

28

Tailings Storage Facility (TSF) 28

Page 29: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

29

Project Time Line

2011 2012 2013 2014 2015 2016 2017 2018 2019

1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H

Feasibility

Permitting

Construction

Commissioning

Operation

29

Page 30: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

30

2018 Results

Actual Guidance

Mill Feed Kt 349 370

Avg. Gold Grade g/t 2.44 2.12

Utilization % 86 85

Total Recovery % 75.6 71.4

Gold Produced Troy oz 131,819 125,000

30

Page 31: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

31

But to Get That?

Permitting $ 55,000,000

Land $ 111,000,000

Bonding $ 65,000,000

Construction $ 385,000,000

$ 760,000,000

Overhead $ 144,000,000

31

Page 32: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

32

Team Work

405 HGM employees

84% Local

28% Diversity (minorities and women)

32

Page 33: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

33

Team Work 33

Page 34: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

34

Building World Class 34

Page 35: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

35

Vision with Confidence and Courage to Change 35

Diane Garrett – Romarco

Mark Cadzow and Mick Wilkes – OceanaGold

Page 36: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

36

• “Rich History”

• “Things Change!”

• “Same Location – Different Result”

• “It Takes Active Partners”

• “Continuous Improvement”

• “Teamwork”

• “Vision and Courage”

Summary 36

Page 37: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

37

Colonel Anthony Biddle

Questions? 37

Page 38: Haile Gold Mine Design to OperationPALOMINO MUSTANG CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE 20. 21 High Tech Mining Equipment 21. 22 Process Flowsheet 22. 23 Run of Mine (ROM) Pad

Corporate HeadquartersLevel 14, 357 Collins StreetMelbourne, Victoria, 3000AustraliaPO Box 355,Flinders Lane Post OfficeMelbourne, Victoria, 3000AustraliaT: +61 3 9656 5300F: +61 3 9656 5333E: [email protected]

oceanagold.com

Americas Corporate Office777 Hornby Street Suite 1910Vancouver, British Columbia V6Z 1S4CanadaE: [email protected]