Building a Premier African Gold Mining Company
Dr. John Clarke, President & CEO IPAD – DRC Mining & Infrastructure Indaba October 2014
Corporate summary
TSX, NYSE-MKT: BAA 252 million shares outstanding Debt: US$235.2 million Democratic Offices Republic of the Congo Toronto (Corporate) Bukavu (Operations) Kinshasa (Government Relations)
Operations: Twangiza – South Kivu Namoya – Maniema Kamituga – South Kivu Lugushwa – South Kivu
2014 gold production targets • Twangiza 90,000 to 100,000 oz • Namoya 21,000 to 22,000 oz
Twangiza – Targeting 90,000 to 100,000 ounces of gold in 2014
1 licensed Opportunity The Banro is focused 9500000 mN 9600000 mN 9700000 mN 450000 mE 3871 3876 43 Pangi
properties on the 210km Twangiza the 210km on properties
(with (with Registration Number) Prospecting Licenses (PR) Deposit Deposit location and Name Rivers (Permits (Permits For) Applied Outstanding application Track Main Roads and Towns Road under construction under Road Secondary/other roads (with (with Registration Number) Permits for Exploitation (PE) PR’s PR’s applied for; awaiting approval Lake
N
Legend
1552 500000 mE 1548
exclusively exclusively within
Kalole
–
Shabunda Extensive gold resource potential with 4 4 withmining potential resource gold Extensive
18
KAMITUGA
NAMOYA N2 238 Kabambare 1551
of the DRC
38 2601 600000 mE 600000 mE the South
1570 Kilembwe 1577 0 3871
LUGUSHWA 39 Kitutu
3883 37
Kilometres
36 1557
1572
1571
South Kivu South 1575 1573 Walungu
68 Lulimba Lwiko Kivu Kivu and Maniema provinces
Mwenga
44 50 1574
3872
1576
41
40
3877
3874
43
3875 3873 3876
N2
42
3878
TWANGIZA
700000 mE 700000 mE - L a k e K K a L i k e u v
Namoya Gold Belt Gold Namoya Baraka Bukavu Fizi Kamanyola
N5 N5
Uvira
9500000 mN 9600000 mN 9700000 mN
L a c T a n g a n y i k a
along the way the along communities and Namoya both benefit to route this of maintenance ongoing to Committed route this along bridges ten of Reconstruction Uvira between roadof 420km than more upgraded Banro
and Namoya and
Twangiza Mine – oxide open pit mining
Key features & targets . Average grade – 2.7g/t Au to 2.9g/t Au for 2014 & 2015 . Target throughput rate of up to 1.7 mtpa . Target production of 9 -10,000oz/mo . Covered stockpile & ore handling area to mitigate effects of heavy rains
3 Namoya Mine – oxide open pit mining
PRE COMMERCIAL PRODUCTION
Activity . First gold pour Dec 2013 during commissioning of heap leach loaded carbon, elution and electrowinning operations . Targeting production of 9-10,000 oz/mo following plant enhancements (H2 2015)
Update . Modifications underway to enhance the plant to accommodate high fines content in Namoya ore
Community . MOU signed in October for community projects intended to improve education, health, infrastructure, sustainable economic development & employment prospects of the area
4 Exploration Projects – Kamituga & Lugushwa
Kamituga & Lugushwa potential for additional oxide resources
LUGUSHWA Resources (oxide) . Indicated: 0.73Moz; 17.03Mt @ 1.32g/t Au . Inferred: 0.4Moz; 8.86Mt @ 1.39g/t Au Resources (non-oxides) . 4.48Moz; 107Mt @ 1.34g/t
KAMITUGA Resources . Inferred: 0.92 Moz; 7.26 Mt @ 3.9g/t Au
5 Social Development: Ensuring the long term development of the belt
. The Foundation is the mechanism to deliver Banro’s commitment to corporate social responsibility throughout its communities in the DRC . Registered in the DRC as a charity with a mandate to support Education Health Infrastructure Humanitarian assistance . Planned funding formula 1% of net profits $1/ounce of gold produced External funding events . Full pipeline of community projects for 2014 with budget of approximately $1.58 million Completion of women’s university residence in Kindu Expansion of market area at Luhwindja 3 new medical facilities at Namoya, Lugushwa & Kamituga
. Engaging with civil society and NGOs
6 Infrastructure Foundation Exploration $273.9M Namoya $235.5M Invested Invested Plant & Invested Banro $5.0M
9500000 mN 9600000 mN 9700000 mN 450000 mE 3871 3876 43 Pangi
(with (with Registration Number) Prospecting Licenses (PR) Deposit Deposit location and Name Rivers (Permits (Permits For) Applied Outstanding application Track Main Roads and Towns Road under construction under Road Secondary/other roads (with (with Registration Number) Permits for Exploitation (PE) PR’s PR’s applied for; awaiting approval Lake
N
Twangiza Legend
1552 Less road and other related infrastructure projects 500000 mE 1548
Kalole
Shabunda
- 18 Namoya Gold Belt (DRC)Belt Gold Namoya Investment in the Eastern Eastern the DRC in Investment
KAMITUGA
NAMOYA N2 238 Kabambare 1551
38 2601 600000 mE 600000 mE
1570 Kilembwe 1577 0 3871
LUGUSHWA 39 Kitutu
3883 37
Kilometres
36 1557
1572
1571
South Kivu South 1575 1573 Walungu
2004 68 Lulimba Lwiko
Mwenga
44 50 1574
3872
1576
41
40
3877
3874
43
3875 3873 3876
N2
42
3878
TWANGIZA
700000 mE 700000 mE L a k e K K a L i k e u v
Baraka Bukavu – Fizi Kamanyola
N5 N5
Sept 30, 2013Sept 30,
Uvira
9500000 mN 9600000 mN 9700000 mN
L a c T a n g a n y i k a
$824.5M (to Dec 2013) Infrastructure DRC Taxes Invested Twangiza $247.9M $62.2M Invested Total Total Plant &
10 rehabilitated bridges – Uvira to Namoya road
8 Foundation Community Projects
Panzi Women’s Hospital
Luhwindja community market 9 Banro - Building a Premier African Gold Mining Company
Further information on Banro please contact: Further information on the Banro Foundation please contact: Naomi Nemeth - Investor Relations E: [email protected] Martin Jones, Chairman T: +1 416 366 2221 E: [email protected] www.banro.com T: +1 416 366 2221
10 www.banro.com