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Campo MoradoOntario – Mexico MissionBy Oscar Zelaya General Manager, presentation by Oscar Overley, Materials Management Manager
Ontario, Canada, March 2011
G9 Overview
G9 Discovery hole 5 years ago, May 2005G9 Discovery hole 5 years ago, May 2005
Construction started January 07Construction started January 07
First ore from the mine was reached on July 08First ore from the mine was reached on July 08
Plant Commissioning started August 15Plant Commissioning started August 15th th 09 09
Commercial Production achieved April 1Commercial Production achieved April 1st st 09 09
2,200 tonnes per day treated in March 102,200 tonnes per day treated in March 10
Part of Nyrstar starting on January 8Part of Nyrstar starting on January 8thth 11 11
420420 full time employees full time employees Project throughput 1,500 tpd with upside on Project throughput 1,500 tpd with upside on
the mine and mill capacity. Actual 1,700 tpd the mine and mill capacity. Actual 1,700 tpd and goal 2,000 tpdand goal 2,000 tpd
Underground mine with decline access.Underground mine with decline access. Mining method is open stopping with delayed Mining method is open stopping with delayed
rock rock fill.fill. Flotation of Zinc, Copper and Lead Flotation of Zinc, Copper and Lead
Concentrates.Concentrates. Power via 22 km line, Port for conc. Shipment Power via 22 km line, Port for conc. Shipment
700 km. from site. Good 700 km. from site. Good rroad access .oad access .
G-9 Overview
All accidents and incidents are preventable
Everyone must comply with HSE-CR standards and policies
Our goal is to:1) Comply
2) Prevent
3) Improve
HSE – CR Policy
• Mine access - two parallel decline ramps, Mine access - two parallel decline ramps, approx 1.5 km to ore zones.approx 1.5 km to ore zones.
• Mucking - 6 m3 LHD’s and 30 ton trucks.Mucking - 6 m3 LHD’s and 30 ton trucks.• Underhand Benching (UHB) with horizontal Underhand Benching (UHB) with horizontal
bench drillingbench drilling• Primary stopes are developed with an initial 5m Primary stopes are developed with an initial 5m
x 5m drivex 5m drive• Rib pillars and/or secondary stopes 5 to 8m Rib pillars and/or secondary stopes 5 to 8m
widewide• Stope heights of 12 to 17m (grade Stope heights of 12 to 17m (grade
consideration)consideration)• Mine development is key to our success in accessing Mine development is key to our success in accessing
and maintaining several work areas, providing and maintaining several work areas, providing flexibility and grade blending.flexibility and grade blending.
G-9 Underground Mine
In-house development
Development by contractor
2011 Allimak raises
ZONA ABAJO
AREA 6
AREA 7
WEST EXT
AREA 5
AREA 1
AREA 2
AREA 8
DESARROLLO REALIZADO
CON EQUIPO DE CASA
2011 MINE PLAN3D View showing ore
bodies
Ore Body SE 2Ore Body SE 2
Drill Holes Defining the Ore Body:2 Surface
2 Underground
Extrated Tonnes: 19,623
GRADESAg(g/t) Pb (%) Zn(%) Cu(%) 185.2 1.10 9.4 1.20
GRADESAg(g/t) Pb (%) Zn(%) Cu(%) 185.2 1.10 9.4 1.20
• The plant was designed to treat 1,500 tpd The plant was designed to treat 1,500 tpd producing three concentrates. Currently producing three concentrates. Currently producing 2 concentrates with an average of producing 2 concentrates with an average of 1,800 tpd going up to 2,000 tpd1,800 tpd going up to 2,000 tpd
• Primary grind to a P80 of 35micron, Primary grind to a P80 of 35micron, • Bulk flotation rougher con is reground to 10 Bulk flotation rougher con is reground to 10
micronmicron• Zinc rougher con is reground to 15 micron Zinc rougher con is reground to 15 micron
and cleaned in 4 stages.and cleaned in 4 stages.
Process Plant
2011 PLAN 2010 ACTUALTotals & Averages Totals & Averages
Troughput t/h dry 87.2 84.0Dry Tonnage t/d 1,884 1,663
Milled tonnes t (dry) 687,820 610,801Head Grades
Zn % 8.10 8.35
Cu % 1.20 0.98
Pb % 1.03 1.00
Au g/t 2.09 2.34
Ag g/t 142 162
-
50,000
100,000
150,000
200,000
Q1 -09
Q2 -09
Q3 -09
Q4 -09
Q1 -10
Q2 -10
Q3 -10
Q4 -10
Q1 -11
Q2 -11
Q3 -11
Q4 -11
Treated Tonnage
Quarters
Mill Production
Copper ConcentrateCopper Recovery % 75.0% 67.4%
Silver Recovery to Cu Conc % 36.2% 30.0%
Gold Recovery to Cu Conc % 10.6% 20.0%
Copper Concentrate Grade % 15.0% 13.0%
Copper Concentrate DMT 41,433 31,090
Zinc ConcentrateZinc Recovery % 85.0% 82.7%
Silver Recovery to Zn Conc % 25.0% 24.0%
Gold Recovery to Zn Conc % 18.0% 15.3%
Zn Conc Grade % 50.0% 47.7%
Zinc Concentrate DMT 94,724 88,377
Totals & Averages 2010
Metal containedZINC (000) lb 104,415 92,966ZINC t 47,362 42,169
COPPER (000) lb 13,701 8,875COPPER t 6,215 4,026
SILVER oz 1,881,029 1,719,517GOLD oz 21,309 11,252
Mill Production
Capital
Printed : 1/24/11 5:22 PM
2011 Summary Updated: 14-ene-11
Cashflow ForecastBudget Metal Prices SCENARIO "B"
Quarter Ending Total mar-31 jun-30 sep-30 dic-312011 2011 2011 2011
Capital CostsSustaining Capital US$000 10,814 4,372 6,022 315 104 Sustaining Growth US$000 1,250 313 313 313 313 Development US$000 8,801 1,873 2,697 2,302 1,928 Exploration US$000 8,147 1,907 2,186 2,136 1,918
Total Capital Costs US$000 29,012 8,464 11,218 5,067 4,263
22
About NyrstarNyrstar is a leading global multi-metals company, producing significant quantities of zinc and lead as well as other metals (silver, gold and copper).
Largest zinc producer in the world-1.1 million mt/yr of zinc-330,000 mt/yr of concentrated zinc*
Important lead producer-240,000 mt/yr of lead-10,000 mt/yr of concentrated lead*
Other metals-20.5 million troy ounces of silver**-95,000 troy ounces of gold**
Listed on the NYSE Euronext Brussels since October 2007.
25
Cheff Operating OfficerDick Whittington
General Manager A.I.Zelaya Márquez Oscar
Mine Manager
Wilfrido Saldaña
Plant OperationFrancisco Piña
Mine Planning Open(R Trejo)
Planing and Geology
Abelardo Mendevil
Site Services/Civil Works
Cenaida Torres
Site AccountingAlberto Cruz
Mine OperationEnrique Gutierrez
LaboratoryGuadalupe Mosqueda
Corporate Farallon Mining
SafetyClaudio Vázquez
Plant MaintenanceSergio Salas
Elect./Instrum. Maintenance
Manuel Suarez
Mine MaintenanceTord Ardvisson
PurchasingCarlos Suazo
Organization Chart December 2010
WarehouseRafael Salina
EnvironmentalLuis David
Training & Dev.Sergio Mercado
Maintenance Manager
Roger Labonte
Information Technology
(Outsourcing)
Plant Manager
Open
MaterialsManager
Oscar Overley
HR Manager
Guillermo Quintana
ControllerGuillermo Espinosa
Plant ProcessMarco Hernandez
Labor RelationsGregorio Reyes
Mine Geology Islas Cortez Victor
Manuel
SecuritySerafin Hernandez
Camp ServicesFernandez Alfredo
Raul Bahena
MetalurgyMedina Francisco
General Accounting
Fabiola Martinez
Health José Hernández
AsistentesJanneth Rodriguez
Jorge Monroy
26
Our Vision
“Our vision is to be the partner of choice in essential resources for the development of a changing world. Our strategic direction is to focus
on the pursuit of value creation for our stakeholders through initiatives that improve and expand our existing assets while selectively
pursuing opportunities in mining.”
28
Vision 2020
—EBITDA: EUR >>1.000 million
Leading company of metalic production resources for the future
—A distinct and incorporated property culture
—Nyrstar’s style seen as a model to follow within the industry
“Sustainable Renovation: Resources for a constantly
changing world”
General business description
Strategic Priorities
Culture and values
2015
—EBITDA: EUR >1.000 million
—Integration level: 50-60+%
Stregthening of the Zn industry
—Strong property culture
—Nyrstar’s style clearly incorporated in the organization
“First Harvests”
2007/08
—Stock Market capitalization: 2.000 million/150 million Euros
—EBITDA: 550/ 150 million Euros
—Integration level: 0%
Consolidation of Zn processing
—2 cultures (Zinifex, Umicore)
—Together, defined as five shared values for the entire organization
“Dry Land”
2010
—Stock Market capitalization: 1,2 million Euros
—EBITDA: EUR ~ 200 million
—Integration level: 31%
From the processing to the exploitation of Zn, with exposure to new markets
—Emerging culture
—Evolution of five values towards Nyrstar’s style
“First Shoots”
Nyrstar’s journey to 2020
29
2010
First Zinc Foundry in the World
Ranking in smelting
Among the 10 best Zinc Mining Companies.
Ranking in mining
31%Integration level
Maintain position as first Zinc Foundry in the World.
Among the 3rd and 5th best Zinc Mining Companies.
>> 2015
50-60+%
Market Position (classification) and Integration Level
30
Nyrstar’s Values
Honesty and open-mindedness Share our point of view through the creation of a productive environment, which guarantees the expression of ideas as well as concerns.
Keep our wordKeep our promises in order to create confidence and productivity.
Make bold decisionesMake bold, calculated decisions to face the uncertainty of confidence.
Create valueSeek ways to improve our profitability and identify opportunities for growth.
Utilize an innovative and creative way of thinking
Look for ways to improve our existing processes or discover completely new ways to work.
Prevent harm among our staff, the environment, our strategy as well as our fixed and financial assets.Prevent harm
MotivationDemonstrate great amounts of enthusiasm and perseverance to achieve outstanding results.