June 29, 2012 Annual General and Special Meeting of Shareholders

oracleminingcorp.com

June 29, 2012 Annual General and Special Meeting of Shareholders

Annual General and Special Meeting of Shareholders

June 29, 2012

1


Forward-looking Statements

This presentation may contain "forward-looking statements" within the meaning of Canadian securities legislation. These forwardlooking

statements are made as of the date of this document and Oracle Mining Corp. (hereinafter referred to as the

“Corporation”) does not intend, and does not assume any obligation, to update these forward-looking statements. Forwardlooking

statements relate to future events or future performance and reflect management of the Corporation’s expectations or

beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves

and resources, the realization of mineral reserve estimates, the receipt of permits to develop and operate the project, the timing

and amount of estimated future production, costs of production, access to capital, capital expenditures, success of mining

operations, commodity prices, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations

on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as "plans",

"expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does

not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may",

"could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology.

By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may

cause the actual results, performance or achievements of the Corporation to be materially different from any future results,

performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, actual

results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources;

possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry;

delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as

those factors detailed from time to time in the Corporation’s annual information form for the year ended December 31, 2011

filed and available for review on SEDAR at www.sedar.com. Although the Corporation has attempted to identify important factors

that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there

may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no

assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially

from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

2


Expected Near-Term Producer

• Focused on re-starting production at the 100% owned Oracle Ridge Copper Mine (Tucson, Arizona)

by the end of 2013

– Large historic reserve base (2P) of 8.1 million tons at a grade of 2.33% Cu (historic, non NI 43-

101 compliant)

– Past producing mine: 25 million to 30 million lbs of Cu expected to be produced annually

based on historical recovered grades (non NI 43-101 compliant)

• Capital expenditures required to bring mine back into production : approximately $100 million

– US$70 million loan facility with Credit Suisse (non-binding LOI)

• Advancing permitting: APP (received July 26, 2011), Storm Water, Air Quality, Army Corps of

Engineers

3


Capital Structure

• Trading symbols: TSX : OMN, OTCQX: OMCCF

Current Share Structure

Shares outstanding 39,234,070

Options 3,815,000

Warrants

Nil

Fully diluted shares 43,049,070

Current share price 1 $0.95

Market capitalization 1 $37,272,366

Ownership

• Directors and Officers: ~21%

• RichStone Mining Investment: ~19.9% ($9.8 million

private placement in February, 2012)

Financing Overview

• US$70 million loan facility with Credit Suisse (nonbinding

LOI)

Notes

1 As of June 29, 2012

4


Management

Doug Nicholson - Chief Executive Officer

• BSc. in Mining Engineering from the University of Alaska, with extensive experience in the construction and management of mining operations in

North America

• NovaGold Resources (2002 to 2011) serving as President of Donlin Gold LLC, a 50/50 joint venture between NovaGold and Barrick

• Kinross Gold (1992 to 2002) responsible for scoping, scheduling, developing mine plans and staffing for the Fort Knox Mine

Carlos Escribano – Chief Financial Officer

• Certified General Accountant Financial and management leader with >7 years’ experience in development stage and producing publicly listed

companies in the mining industry

• His experience includes financial and strategic management, debt and equity financing, regulatory compliance, business development and

acquisition analysis, treasury and budgeting.

Kevin Francis – Vice President Technical Services

• Professional Geologist and NI 43-101 Qualified Person with 25 years of experience in due diligence and technical studies of advanced

development projects and operating mines.

• Mine Geology/Technical Studies management experience, developed with operating and developmental mining companies and with an

internationally recognized mining consultancy.

• B.A. and MSc in geology from the University of Colorado.

Luis Saenz – Chief Geologist

• Leads the geological drilling data processing and tabulation, including completion of the three-dimensional model block, data base validation and

mapping processes leading to completion of a NI 43-101 compliant technical report

Bruce Riederer – Oracle Ridge Project Manager

• Graduate of the University of Arizona with >30 years of experience in the permitting, exploration and development of metal mines

5


Board of Directors

Paul Eagland – Executive Chairman

• Merchant banker with >25 years of experience in mining and transaction finance

Mark Forsyth – Lead Director

• Based in Zug, Switzerland, formed a consultancy company, Cliveden AG, after >25 years working in commodity trading houses including Head

Trader at Marc Rich & Co.; seven years as senior trader at Trafigura Group and Pechiney World Trade

Gregory K. Liller – Director

• Bachelors in Geology from Western State College, Gunnison, Colorado in 1977 and has >33 years of experience in mineral exploration and

mine development including seven mines for Gammon Lake, MexGold, Santa Cruz, and Great Lakes

Alan Edwards– Director

• BSc (Mining Engineering) and MBA from the University of Arizona with 30 years of diverse mining industry experience gained from various

management and technical positions including Senior VP Operations of P.T. Freeport Indonesia, Executive VP and COO of Apex Silver Mines Corp.,

VP of Operations of Kinross Gold Corp. and various positions at Phelps Dodge Corp.

Cong Bin Liu– Director

• Mr. Liu is the Chairman and CEO of RichStone Investment Co. Ltd. and founder of the RichStone Group. He holds a Degree in

Petroleum Engineering from China Southwest Petroleum College and has worked as an engineer with Drilling Division 1 and the

Drilling and Production Research Institute of Changqing Oilfield, CNPC.

Derek Price – Director

• MBA from Griffith University in Australia, Bachelor of Mathematics from the University of Waterloo and a member of the Canadian and

Australian Institutes of Chartered Accountants and has held VP Finance and CFO roles at several publicly traded mining companies including

Thompson Creek Metals Company Inc., Glencairn Gold Corp., Wheaton River Minerals Ltd., Granges Inc. and Cominco Ltd.

Michel Tardif – Director

• Formerly a financial analyst for brokerage firms in Montreal; currently an investor involved in senior financial ventures

6


Oracle Ridge Copper Mine

Excellent Location and Infrastructure

• Stable mining jurisdiction

– SW USA is the fifth largest copper producing

region in the world

• Existing underground mine in excellent condition

– 11 miles/18 kilometres of developed underground

workings from previous operator

• Mine and operations (including tailings) are located on

private land

• 10 miles/16 kilometres to power grid

• Excellent accessibility and infrastructure including road

access (two all-weather roads) and water

• Low environmental risk; non acid-generating tailings

Located 15 miles/24 kilometres north of

Tucson in the Santa Catalina Mountains

7


Oracle Ridge Mine (North View)

Adit and Ramp Locations

Mill Site

8


Oracle Ridge Copper Mine

High-Grade Resource

• Historic data includes the following (non NI 43-101 compliant):

Tons

(millions)

Copper

(%)

Copper

(millions lbs)

Proven & Probable 8.14 2.33 379

– Recoveries of approximately 90% Cu (up to 92.8%)

– Historic concentrate grade ranged between 27% to 32% Cu

• Bornite-rich mineralization produced concentrate between 39% to 41% Cu

• Confirmatory drilling underway; underground drilling commenced June 2012

• No royalty agreements

• Initial production expected by the end of 2013 (estimated 25 million to 30 million lbs Cu annually

based on historical grades)

• Silver and gold by-product potential

– ~3,000 oz Au and ~360,000 oz Ag based on historical recovered concentrate grades (non NI 43-

101 compliant)

The reader is cautioned that Oracle Mining Corp. (“Oracle”) has not verified the historical results herein, including the above-mentioned historical resources under National Instrument 43-101 (NI 43-101)

reporting standards. Oracle has not independently analyzed the results of the previous exploration, therefore the historical results referenced herein should not be relied upon. No allowance is made for

dilution, mine loss or pillars and gold and silver grades were not estimated. Resource estimates prepared under reporting codes other than NI 43-101 should not be relied upon to conform to current

standards and definitions. Oracle believes, however, that the historical resource estimates reported above are material and should be disclosed. Oracle believes these historical results provide an indication

of the potential of the property and are relevant to future exploration. There are significant by-product credits for Au and Ag, although head grades remain unknown. Glenn R. Clark, P.Eng. of Glenn R. Clark

& Associates Limited, a consultant for Oracle Mining Corp., and a Qualified Person under NI 43-101, has reviewed this information and is responsible for the technical information reported herein.

9


Resource Expansion Potential

• Project contains numerous

unexplored zones

Copper Mineralization Zones

– >60% of the property

unexplored

– Database of 534 drill

holes with 163,000 feet

of surface and

underground

exploration drilling

• Drill program in progress

since early 2011

– 41 diamond drill holes to

date (33,510 feet)

– 32 reported

– Commenced 18,500 feet

underground drilling in

Q2 2012 – Phase 2

10


May 15 th Drill Results

• New zone discovered adjacent to 6400 portal and access ramp

• See Appendix page 16, for further details

Hole

From

(feet)

To

(feet)

Width

(feet)

Cu

(%)

Au

(oz/ton)

Ag

(oz/ton)

Zone

Formation

ODH-024 287 304.5 17.5 5.81 0.004 1.65

and 432.5 439 6.5 2.57 0.001 0.71

ODH-026 191.5 205 13.5 1.78 0.000 0.11

and 279.5 300 20.5 2.56 0.015 1.24

and 452 539.5 87.5 2.32 0.003 0.80

incudes 476.5 485.0 8.5 4.49 0.004 1.48

New Zone

Also includes 525 539.5 14.5 3.86 0.005 1.38

ODH-027 176 185.5 9.5 2.08 0.004 0.84

and 230 239.5 9.5 1.85 0.000 0.40

and 302 328 26.0 3.27 0.002 0.73

Other than as stated, the technical information in this presentation has been prepared in accordance with Canadian regulatory requirements set out in National

Instrument 43-101 and reviewed by Glenn R. Clark, P.Eng. of Glenn R. Clark & Associates Limited, a consultant for Oracle Mining Corp., a Qualified Person under NI 43-

101, who is responsible for the technical information reported herein.

11


Copper Skarn Bodies

12


Current Work Program And Near-Term Milestones

Current Work Program

• 2 underground drill rigs on site working to validate historic drill

data base

– ~52,000 ft of total surface and underground drilling in

2011 to 2012

• Engineering, design, and costing studies underway

• Environmental and permitting work commenced in late 2010

• Underground drilling commenced June 2012

Near Term Milestones

• Produce a NI 43-101 compliant resource by Q4 2012

• Continue to advance required permits - all applications have

been submitted

• Complete an engineering and design study to secure permits

for mine construction in 2012

• Close financing with Credit Suisse and draw down in Q4 2012

• Construction decision by Q1 2013

• 2,000 TPD plant commissioning by Q4 2013

13


Investment Highlights

• Near-term high grade copper concentrate producer

– Historic (2P) 8.1 million tons resource grading 2.3% Cu with expansion potential (non-NI

43-101 compliant)

– Estimated low capital expenditures of approximately US$100 million to re-start production

– Estimated 25 million to 30 million lbs Cu annually (based on historical grades)

• Excellent existing infrastructure in a stable mining jurisdiction (Arizona)

• Significant project expansion potential (~60% of project unexplored)

• US$70 million loan facility with Credit Suisse (non-binding LOI)

• Advanced permitting

• Significant support and ownership by directors and officers (~21%) and RichStone Mining

(19.9%)

• Experienced management team

14


www.oracleminingcorp.com

TSX: OMN

OTCQX: OMCCF

Alex Langer

Suite 1550 – 666 Burrard Street

Vancouver, BC V6C 2X8

E: alanger@oracleminingcorp.com

T: +1-604-689-9293


16 16


February 2012 Drill Results

Hole

From

(feet)

To

(feet)

Width

(feet)

Cu

(%)

Au

(oz/ton)

Ag

(oz/ton)

Zone

Formation

ODH-012 527.5 542 14.5 1.86 0.008 0.39 4 Extension Escabrosa

ODH-015 552.0 612.0 60.0 2.84 0.012 0.72

4 Extension Escabrosa

includes 567.0 592.0 25.0 4.34 0.017 1.11

ODH-016 500.0 507.5 7.5 1.63 0.014 0.48 4 Extension Escabrosa

ODH-017 520.0 579.0 59.0 2.32 0.013 0.55

4 Extension Escabrosa

includes 560.0 579.0 19.0 2.85 0.017 1.00

and 619.0 629.0 10.0 1.72 0.010 0.53 2 Martin

and 659.0 669.0 10.0 1.90 0.010 0.55 2 Martin

ODH-018 508.0 523.0 15.0 2.07 0.014 0.50 4 Extension Escabrosa

ODH-019* 827.0 857.0 30.0 1.93 0.014 0.50

and 909.0 923.0 14.0 2.82 0.017 0.70

and 937.0 947.0 10.0 1.94 0.018 0.47

and 1007.0 1034.5 27.5 3.57 0.024 1.07

and 1058.0 1067.0 9.0 1.92 0.010 0.35

and 1102.0 1117.0 15.00 2.00 0.010 0.63

New Targets between Zones

11 and 12

New Targets between Zones

11 and 12

ODH-020 421.0 431.0 10.0 1.86 0.008 0.60 4 Extension Escabrosa

ODH-021* 456.0 486.0 30.0 1.55 0.008 0.33

4 Extension Escabrosa

includes 471.0 486.00 15.00 2.17 0.011 0.44

Other than as stated, the technical information in this presentation has been prepared in accordance with Canadian regulatory requirements set out in National

Instrument 43-101 and reviewed by Glenn R. Clark, P.Eng. of Glenn R. Clark & Associates Limited, a consultant for Oracle Mining Corp., a Qualified Person under NI

43-101, who is responsible for the technical information reported herein.

17


October 2011 Drill Results

Drill Hole

From (feet) To (feet) Interval (feet) Cu (%) Au (opt) Ag (opt) Fe (%) Zone Formation

ODH001 829 837.5 8.5 1.11 0.000 0.100 3.74

Martin

And 853 863 10.0 2.09 0.001 0.385 8.60

9

And 883 898 15.0 2.08 0.011 0.830 7.39

Abrigo

Includes 888 898 10.0 2.51 0.013 1.085 8.23

ODH002 209.5 224 14.5 1.41 0.007 0.414 9.77

And 263 283 20.0 1.94 0.006 0.591 4.24

2 Martin

Includes 263 273 10.0 2.77 0.009 0.930 1.74

And 315 335 20.0 1.27 0.004 0.355 4.96

Abrigo

And 352 398.5 46.5 1.51 0.005 0.308 10.59

1

Includes 362 391 29.0 1.79 0.004 0.261 13.04

Abrigo

ODH003 389.5 398 8.5 3.48 0.012 0.791 6.33 New Zone Escabrosa

And 468 503 35.0 1.22 0.004 0.279 7.83 4 Extension Escabrosa

And 624 634 10.0 1.73 0.007 0.230 9.69 2 Extension Martin

ODH004 986 994.5 8.5 1.61 0.009 0.375 13.96 8 Martin

And 1086 1106 20.0 1.28 0.009 0.520 7.52 8 Extension Abrigo

ODH005 1038.5 1048 9.5 2.18 0.005 0.442 11.45 12 Extension Martin

and 1176 1216 40 1.59 0.008 0.369 7.27

includes 1181 1206 25 2.08 0.009 0.494 8.72

8 Abrigo

and 1286 1315 29 1.76 0.002 0.383 15.47

includes 1301 1315 14 2.67 0.001 0.687 17.19

8 Abrigo

ODH006 306 316 10.0 2.06 0.005 0.495 9.38 New Zone Escabrosa

And 360 373.5 13.5 1.35 0.007 0.259 15.15

And 392 426 34.0 2.58 0.012 0.608 17.54

4 Extension Martin

Includes 397 421 24.0 3.09 0.015 0.800 18.56

ODH007 247.5 262 14.5 1.59 0.004 0.39 13.88 New Zone Escabrosa

And 306 355 49.0 2.66 0.010 0.70 15.76

Includes 325 355 30.0 3.45 0.015 0.99 18.84

4 Extension Martin

ODH008 461 471 10.0 2.23 0.000 0.665 1.87

And 556 571 15.0 1.86 0.008 0.547 10.35

2 Martin

And 611 626 15.0 1.93 0.009 0.753 3.82

Includes 611 621 10.0 2.35 0.011 0.930 4.01

And 658 703 45.0 2.32 0.004 0.557 9.91

1 Abrigo

Includes 668 703 35.0 2.70 0.004 0.619 11.34

ODH0010 618 633 15 1.74 0.011 0.373 12.75 4 Extension Escabrosa

ODH011 525 565 40.0 1.94 0.010 0.395 17.09

Includes 525 540 15.0 3.19 0.015 0.633 24.35

4 Extension Escabrosa

The technical information contained in the above chart was reviewed and approved by Glenn R. Clark, P.Eng. a consultant for Oracle Mining Corp. and Qualified Person.

18


May 2011 Initial Drill Results

Hole From (feet) To (feet) Interval %Cu %Fe Ag oz/ton Zone

2011-016 180 250 70 2.53 16.17 0.54 4 Extension

includes 220 240 20 4.62 30.30 1.05

and 347 384.5 37.5 2.24 17.21 0.54 1 & 2

includes 367 372 5 5.36 22.96 1.26

2011-039 553 603 50 2.44 16.18 0.55 4

includes 558 563 5 7.9 9.12 0.69

2011-043 248 278 30 1.3 17.3 0.45 3

and 298 308 10 2.15 10.43 0.83

2011-051 298 305 7 1.94 6.61 0.43 1 & 2

and 346 371 25 4.63 12.96 1.25

includes 351 361 10 7.75 14.39 2.07

and 439 471 32 1.69 8.39 0.46

includes 459 468 9 3.35 16.04 1.00

and 518 555.5 37.5 1.69 5.42 0.65

and 582 617 35 1.75 10.63 0.37

2011-071 573 596.5 23.5 1.8 1.24 0.44 1 & 2

and 620.5 655.5 35 2 8.4 0.54

includes 648 655.5 7.5 3.7 11.84 1.08

and 718 738 20 1.62 9.09 0.38

and 768 803 35 1.86 6.82 0.54

and 843 863 20 2.83 12.57 0.48

includes 853 858 5 4.53 14.45 0.51

2011-74 Low Grade 5

2011-130 791 806 15 2.39 7.62 0.47 12

2011-135 723 728 5 1.31 2.58 0.49 5

and 748 753 5 1.22 2.13 0.69

Other than as stated, the technical information in this presentation has been prepared in accordance with Canadian regulatory requirements set out in National

Instrument 43-101 and reviewed by Glenn R. Clark, P.Eng. of Glenn R. Clark & Associates Limited, a consultant for Oracle Mining Corp., a Qualified Person under NI 43-

101, who is responsible for the technical information reported herein.

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