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Orvana Minerals

Mining Companies - Metals Companies

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Junior Producer: Copper, Silver, Gold

Orvana Minerals is a proven gold producer that owns and operates the Don Mario Mine in Eastern Bolivia and is developing two other promising assets: the recently acquired, advanced-stage El Valle-Boinás/Carlés gold-copper project in Northern Spain and the Copperwood copper project in Michigan, United States. Orvana’s goal is to grow and diversify its portfolio of precious and selected base metals assets. With a growing pipeline of promising mineral assets and an experienced management team, Orvana is poised to become a multi-mine gold and copper producer. The Company is listed on the Toronto Stock Exchange under (ORV) and OTC under (ORVMF).

Annual Trading Range 1.7-3.97

Trading on 1 Sep 2011 @ 2.00

Share Structure

117 M S/O Aug 2011

Options 1M

FD 118 + 17 *= 135M

* Update: Equity offering:

TORONTO, ONTARIO, August 11, 2011 -- Orvana Minerals Corp. (TSX symbol: ORV) announced today that it has completed its previously announced public offering of 8,500,000 common shares of Orvana at a price of $2.00 per common share for aggregate gross proceeds of $17,000,000 (the “Offering”).

The syndicate of underwriters for the Offering was led by Raymond James Ltd., CIBC World Markets Inc. and Haywood Securities Inc., and included Clarus Securities Inc., Stonecap Securities Inc., and Northern Securities Inc.

The net proceeds of the Offering will be used to fund, in part, capital expenditures and posting of an environmental bond with the Spanish government in connection with the development of Orvana’s El Valle, Boinas/Carles Mines in Asturias Spain and for general working capital and corporate purposes. Concurrently with the completion of the Offering and as previously announced,

Orvana also repaid in full the outstanding amount of its US$15 million bridge loan from Fabulosa Mines Limited by issuing 7,319,969 common shares to Fabulosa at the same price and on the same terms as those issued under the Offering. Fabulosa also acquired, on a private placement basis, 1,180,031 common shares at a price of $2.00 per common share. Following completion of the Offering, Fabulosa’s holding in Orvana has declined from 52.3% to 52.0%.

Financials

Q3 2011

Cash and Equivalents 16M

ST Liabilities 55M (Lowered by recent financing: See above NR)

Revenue 1.7M

Quarterly Loss (.06)

Update: Per Shareholder update, they have the financing between equity offerings and bridge loans to stand up all 3 operations without further dilution.

Operations

Don Mario District, Eastern Bolivia

The Don Mario district is located in the Chiquitos Province of eastern Bolivia and has three main mineral deposits of which the largest is the Don Mario Lower Mineralized Zone (“LMZ”) low-cost gold mine. This low-cost gold deposit was depleted in the fourth quarter of fiscal 2009 after producing more than 420,000 ounces of gold. The second, lower-grade, Las Tojas gold deposit, commenced production in August 2009 and was depleted in April of 2011.  The third deposit, the Upper Mineralized Zone (“UMZ”) open-pit copper gold-silver deposit commenced production in April of 2011.  The UMZ has an estimated mine life of nine years.

El Valle-Boinás/Carlés Project, Northern Spain

The El Valle-Boinás/Carlés Project is located in the Rio Narcea Gold Belt in Northern Spain, close to the port city of Avilés. In September 2009, Orvana acquired Kinbauri Gold for the El Valle-Boinás/Carlés Project, which is an excellent fit with Orvana’s strategic growth plans and its experience bringing underground mines into production. 

In July 2010, Orvana reported the results of an NI43-101-compliant reserve and cash-flow forecast, outlining a seven-year mine life expected to produce105,000 ounces of gold and 3,900 tonnes of copper annually. 
Production at EVBC is targeted for the spring of 2011.

Copperwood Project, Michigan, U.S.

The Copperwood Project is located in the western Upper Peninsula, Michigan, USA, approximately 30 kilometres from the inactive White Pine Mine where nearly 2 million tonnes of copper was produced between 1953 and 1996.
 
Orvana acquired the Copperwood project in 2008 by entering into 20 year mineral leases covering 712 hectares within the Western Syncline in the Upper Peninsula of the State of Michigan. In September, 2010, the Company entered into a 30 year mineral lease agreement on 226 hectares east of and adjacent to the Copperwood mineral leases obtained in 2008. In August, 2010, Orvana purchased the surface rights that correspond to the aforementioned 30 year mineral lease, as well as approximately 480 hectares, in order to provide alternatives for infrastructure and access. 

In September 2010, an NI 43-101 compliant Preliminary Economic Assessment (“PEA”) of the Copperwood Project was completed based on a ten year underground operation. Based on the results of the PEA, KD Engineering of Tucson, Arizona was retained to supervise the pursuit of these opportunities and move the project forward to prefeasibility.  Orvana plans to submit a mine-permit application to the state of Michigan authorities during the spring of 2011.

Exploration properties:

Laniel Claims, Emiscamingue, Quebec,

Canada Morrisette Creek Property, near Kirkland Lake, Ontario,

Canada Aztec Property, Nevada, U.S.

Corporate

Senior Managers

Roland Horst of Campbellville, Ontario

Chief Executive Officer and Director

Mr. Horst has been Chief Executive Officer and a Director of the Company since March 2010.  Mr. Horst has 35 years of mining industry experience as a chief executive officer, investment banker, corporate banker and geologist, including 14 years as a CEO of both public and private companies involved in mining production, development and exploration in Canada, Brazil and Chile.

Carlos Mirabal of Santa Cruz, Bolivia

President and Chief Operating Officer

Mr. Mirabal has been President and Chief Operating Officer of the Company since March 2010 and a Director since October 2006.  Mr. Mirabal was President and Chief Executive Officer of the Company from October 2006 to February 2010.  Prior to joining Orvana, Mr. Mirabal was Vice President of Operations of Sinchi Wayra S.A. (formerly Compania Minera del Sur S.A. (“Comsur”)), a Bolivian mining company.

Malcolm King of Toronto, Ontario

Vice President and Chief Financial Officer

Mr. King has been Vice President and Chief Financial Officer of the Company since February 2006, and was a Director of the Company from May 2006 to December 2007. Mr King was Vice President and Controller of the Company from June 2005 to February 2006. Prior to joining Orvana, Mr. King was Chief Financial Officer and a Director of IQ-Ludorum plc, and Vice President, Finance and Vice President & Corporate Comptroller of the Telemedia group.

Bill Williams of Phoenix, Arizona

Vice President, Corporate Development

President, Orvana USA

Dr. Williams has been Vice President, Corporate Development of the Company since March 2008. He received his Ph.D. in Economic Geology from the University of Arizona after spending eight years in the oil & gas industry with Tenneco Oil Company. Since then he has held various positions in minerals exploration and project development throughout the Americas with Western Mining, Northern Orion, Phelps Dodge and Freeport-McMoRan. Prior to joining Orvana, he was Vice President, Americas for Freeport-McMoRan Exploration Corporation.

BOD

Media

Fact Sheet

Presentation

News Releases

August 15, 2011 Orvana Reports Third Quarter Results For The Three Months Ended June 30, 2011

August 11, 2011 Orvana Minerals Corp. Announces Completion of Equity Offering

July 29, 2011 Prefeasibility Study Of The Copperwood Project - SEDAR

July 27, 2011 Orvana Minerals Corp. Announces $17,000,000 Equity Offering

July 26, 2011 Orvana Minerals Corp. Announces Equity Offering

July 11, 2011 Update on Orvana Operations

June 28, 2011 Orvana Announces Production And Exploration Update At El Valleboinás/Carlés Gold/Copper Mine, Northern Spain

June 24, 2011 Orvana Announces Prefeasibility Study Results For Copperwood Project, Upper Peninsula, Michigan, USA

June 6, 2011 Orvana Completes US$15 million Bridge Loan

June 3, 2011 Orvana Announces Commissioning Of El Valle-Boinás/Carlés Gold/Copper Mine, Northern Spain

May 16, 2011 Orvana Reports Second Quarter Results for the Three Months Ended March 31, 2011

May 16, 2011 Orvana Obtains US$15 million Bridge Loan Commitment and Amends Shareholder’s Pre-Emptive Rights to Facilitate Equity Offerings

April 5, 2011 Orvana Announces Production At Don Mario UMZ Copper–Gold–Silver Mine, Bolivia

 

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