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CorporatePresentation[1]

CorporatePresentation[1]

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Published by Ricardo Eslava
Presentación Eco Oro (Greystar) sobre proyecto corporativo 2011
Presentación Eco Oro (Greystar) sobre proyecto corporativo 2011

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Published by: Ricardo Eslava on Jan 05, 2012
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Corporate Presentation

December, 2011

Caution Regarding Forward Looking Statements
TSX: EOM

This presentation contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities regulations in Canada and the United States (collectively, “forward-looking information”). The forward-looking information contained in this presentation is made as of the date of this presentation. Except as required under applicable securities legislation, Eco Oro does not intend, and does not assume any obligation, to update this forward-looking information. Forward-looking information includes, but is not limited to, statements with respect to planned exploration programs and estimates of the costs thereof, anticipated rates of recovery, timing and amount of future production, anticipated capital cost , currency exchange rates, future price of gold and the effects thereof, estimation of measured and indicated resources, realization of mineral resource estimates and the economic viability thereof, timing and amount of estimated capital expenditures, project infrastructure and layout, estimated project time-line, requirements for additional capital and alternatives for project development. The forward-looking information contained in this presentation is based on certain assumptions that Eco Oro believes are reasonable, including, that the current price of and demand for gold will be sustained or will improve, the supply of gold will remain stable, Eco Oro’s development plans can be achieved, the general business and economic conditions will not change in a material adverse manner, financing will be available if and when needed on reasonable terms and Eco Oro will not experience any material accident, labour dispute, or failure of plant or equipment. However, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Eco Oro to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks relating to Eco Oro’s ability to obtain adequate financing for the development of the Angostura Project, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, mineral resources are not as estimated, unexpected variations in grade or recovery rates, risks related to fluctuations in the currency market, risks relating to title disputes, risks relating to all Eco Oro’s properties being located in Colombia, accidents, labour disputes and other risks of the mining industry, delays in the completion of development or construction activities, delays or failure to obtain required environmental and other governmental approvals, as well as those factors and other risks more fully described in Eco Oro’s Annual Information Form for the year ended December 31, 2010 filed on SEDAR at www.sedar.com. Although Eco Oro has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof.

Page  2

Additional Cautionary Notes & Statements
TSX: EOM

CAUTIONARY NOTE TO U.S. READERS CONCERNING ESTIMATES OF MEASURED AND INDICATED RESOURCES. Information concerning the properties and operations of Eco Oro has been prepared in accordance with Canadian standards under applicable Canadian securities laws, and may not be comparable to similar information for United States companies. The terms “mineral resource”, “measured mineral resource” and “indicated mineral resource” used in this presentation are Canadian mining terms as defined in accordance with NI 43-101 under guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Standards on Mineral Resources and Mineral Reserves adopted by the CIM Council on December 11, 2005. While the terms “mineral resource”, “measured mineral resource” and “indicated mineral resource” are recognized and required by Canadian regulations, they are not defined terms under standards of the United States Securities and Exchange Commission. Under United States standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve calculation is made. As such, certain information contained in this presentation concerning descriptions of mineralization and resources under Canadian standards is not comparable to similar information made public by United States companies subject to the reporting and disclosure requirements of the Unites States Securities and Exchange Commission. Readers are cautioned not to assume that all or any part of measured or indicated resources will ever be converted into mineral reserves.

STATEMENT REGARDING TECHNICAL INFORMATION The technical information in this presentation is derived from Eco Oro’s news releases, technical reports and other continuous disclosure documents filed by Eco Oro available on SEDAR at www.sedar.com, each of which has been reviewed by one or more qualified persons, as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The estimates of Eco Oro’s mineral resources are subject to the qualifications and assumptions set out therein and readers are cautioned that mineral resources which are not mineral reserves do not have demonstrated economic viability The technical information in this presentation is derived from Eco Oro’s news releases, technical reports and other continuous disclosure documents filed by Eco Oro available on SEDAR at www.sedar.com, each of which has been reviewed by one or more qualified persons, as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The estimates of Eco Oro’s mineral resources are subject to the qualifications and assumptions set out therein and readers are cautioned that mineral resources which are not mineral reserves do not have demonstrated economic viability.

Page  3

Message
TSX: EOM

1. Current Angostura project “tip of iceberg” of potential world class precious metals deposit. 2. World class precious metal deposit defined by “triple 2” criterion i. ii. iii. >2,000,000 Au equivalent recoverable ounces. >200,000 Au equivalent ounces production per annum. >20% after tax return on investment.

3. Proactive management for advancing project on 5 fronts i. ii. iii. Environmental impact Social impact Technical viability

iv. Economic viability v. Project socialization, public perception, government relations

Page  4

Summary
TSX: EOM

Eco Oro is a Canadian exploration and development company focused on the Angostura gold/silver project in Colombia “First mover” status in Colombia - over 30,000 hectares of exploration concessions in emerging California district Strong balance sheet US$68.8 million cash; no debt (30 September 2011) Permitting applications in respect of underground project to follow completion of Feasibility Study (Q4 2012)
Underground recoverable resource estimate approaching 3,000,000 Au equivalent ounces (3g/t Au equivalent cut-off grade). Annual production approaching 300,000 Au equivalent ounces. ROI potential in excess of 20% (US$1200/oz Au). Excellent upside opportunity.

Contracts awarded to four international engineering companies to perform feasibility studies for underground project
Page  5

Share Structure
TSX: EOM

Exchange Symbol Share price (11 November 2011) Shares Issued & Outstanding (30 September
2011)

TSX EOM C$2.85 84,228,421

Shares Fully Diluted (30
September 2011)

93,391,421

Market Capitalization(issued) Cash (30 September 2011)

CDN$240,051,000 US$68,784,630

Page  6

Management
TSX: EOM

 Anna Stylianides
Chairman(June, 2011) / Interim President & CEO, Director and Co-Chairman (Sep., 2011) Holds law degree from University of Witwatersrand, Johannesburg. Previous positions at Investec Merchant Bank Ltd., as Director of Nasdaq publicly-traded companies and CEO of FinTec Holdings. In 2005, Ms. Stylianides joined the Surgical Spaces, Inc. Group as Director and CEO. She is also on the BOD of institutions such as Callinan Mines Ltd., Kaiser Foundation and the Fraser Institute.

 David Heugh
Chief Operating Officer (March, 2011) Previously held a number of senior and management positions with Anglo American, including Head of Operations (Free State), Head of Mining (AngloGold SA) and Vice President Mining (Anglo Base Metals).

 Paul Robertson
Chief Financial Officer (September, 2011) Managing Partner of Quantum Advisory Partners LLP, a professional services firm dedicated to assisting publicly listed companies with their financial reporting, taxation and regulatory requirements.
Page  7

Location
TSX: EOM

Angostura Gold/Silver Project

 16 years in Colombia  US$149.7 million invested at Angostura gold-silver project to 30 September 2011 in land acquisition, exploration programs and technical studies

Page  8

Colombia, one of the world’s most unexplored mineral regions
TSX: EOM

Accesible Location  Located 55 km by road from Bucaramanga, a city with population of 1.2 million  Access to site in all seasons by road and helicopter Extensive Infrastructure  Access to major power grid  Abundant water and materials available  Access to educated local work force Foundation for Growth  Colombia is one of the world’s most under explored mineral regions  Soto Norte district where project is located is very prospective and has attracted the interest of a number of senior and junior exploration and mining companies  GDP growth in 2010 of 4.8%
Page  9

Social Responsibility
TSX: EOM

Sustainable Social Responsibility (SSR) SSR Model:
 Business founded on 3 pillars, Core Business, Support Business and Foundation & Small Business Initiative. All provide employment opportunities and freedom of movement between them.  SSR model seeks to provide human and capital capacity within area of operations.  Support Business refers to essential but secondary services that are often outsourced to small business concerns in the area of operations.  Primary mandate of Foundation is to administer education & training to build human capacity within area of operations.  Foundation also provides support to local communities in the area of operations.  Small Business Initiative has been established to build human and capital capacity for Support Business in the area of operations.
Page  10

Village children in an art camp

Environment
TSX: EOM

Environmental Initiatives  Ongoing efforts to assess and develop best practice in environmental management.  Investment in regional environmental restoration initiatives.  Nursery propagation of native flora species.  Hydrological management.  Preservation and conservation of Páramo ecosystem.  Restoration of lost habitats with species association.  Protection and rehabilitation of slopes through revegetation.  Solid waste management.  Industrial sewage treatment.

Frailejones cultivated in EOM nursery

Page  11

Chronology – recent past
TSX: EOM

Eco Oro announces positive scoping study for Angostura underground project (NI 43-101) and change of Officers and Directors

Eco Oro announces election of new Board of Directors

Name change from Greystar to Eco Oro

April 2011

May 2011

June 2011

July 2011

August 2011

Eco Oro announces cancellation of AIM listing

Award of engineering contracts for UG project feasibility studies

Page  12

Chronology – going forward
TSX: EOM

Name change from Greystar to Eco Oro

Completion Phase 1 ERP implementation Móngora NI43-101 mineral resource estimate

Angostura NI43-101 UG Pre-Feasibility

August 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Completion updated Angostura underground Conceptual Study OHSAS 18001 certification

Investor & Analyst visit to mine site ISO 9001 certification

Angostura NI43-101 UG Feasibility ISO 14001 certification

Page  13

Going forward
TSX: EOM

Page  14

Motivation for UG project
TSX: EOM

 No requirement for Angostura & Paez leach pads.  No requirement for large open pit.  No requirement for large waste dump at Móngora.  No plant infrastructure in Páramo.  Much reduced rock movement (<2% of open pit).  Much reduced surface footprint, no intervention in protected areas, reduced water consumption, reduced risk of water contamination.  Much reduced plant and infrastructure and hence much reduced capital investment.  Reduction in land acquisition.  Reduction in movement of personnel and supplies to and from mine site, thereby reducing transport risk.  All of the above will enhance project viability and help expedite permitting process.

Page  15

Characteristics of UG project
TSX: EOM

 Targets high grade oxides, transitional ores and sulfides.  VAT or Agitated Leach process for oxides and transitional ores reducing residence time, improving recoveries and reducing risk of water contamination.  Much reduced volumes of oxide and transitional ores making neutralization of leach residues more viable and reducing risk of water contamination.  Opportunity to target higher grade resources earlier in production schedule and improve ROI.  Opportunity to use aerial ropeway transport of mineral to remote plant location.  Opportunity for remote location of tailings impoundment and reducing footprint by backfilling mine workings.  Potential for local grinding and transport of pulp in pipeline to remote plant location.  Potential to increase mineable resources (mineralization open at depth in Angostura deposit, satellite deposits at Armenia, La Plata, La Violetal & Móngora, incremental cost approach for lower grade resources).
Page  16

Outcomes of updated Angostura UG Conceptual Study
TSX: EOM

1. Approaching recoverable resource of 3 million Au equivalent ounces (3g/t Au equivalent cut-off grade). 2. Approaching annual production of 300,000 Au equivalent ounces. 3. Range in after tax ROI in excess of 20% (Base case US$1200/oz Au). 4. Cost of production <US$650/oz. 5. Pre-Feasibility already 2 months down the road. 6. Infill drilling results pointing to potential understatement of grades in current block model. 7. Potential to reschedule production sequencing and improve economic outcomes. 8. Potential to reduce operating costs, reduce cut-off grade, improve recoverable resource and further improve economic outcomes.
Page  17

Strategies to advance project
TSX: EOM

 Engage government and local authorities on project reconfiguration and definition of Páramo.  Implement Sustainable Social Responsibility (SSR) strategy.  Aggressively pursue infill drilling program to increase underground resources and improve classification.  Complete feasibility studies for UG project.  Develop human and capital capacity in the area of operations for construction and operating phases of project.  Maintain investors and analysts properly and timeously informed of project progress.  Provide flexibility in project configuration for consolidation of mineral resource assets including the satellite deposits of Armenia, La Plata, La Violetal and Móngora.  Provide flexibility in project configuration for potential regional consolidation of mining in area of operations.

Page  18

Mineral Concessions
TSX: EOM


ECO ORO CALVISTA GALWAY VENTANA

Over 30,050 hectares of exploration concessions, less than 10% of which has been evaluated. 3,538 hectares of surface rights. 16 new mining title applications in 5 departments in Colombia (20,000 Ha)

Page  19

Exploration targets Armenia, La Plata, La Violetal, Móngora
TSX: EOM

ECO ORO CALVISTA GALWAY VENTANA

EXTENT INFILLS LA PLATA MÓNGORA ECO ORO LICENSES

Violetal

Page  20

Exploration drilling & tunneling
TSX: EOM

314,946 metres, 973 drill holes
Page  21

3,145 metres of underground development

High Grade Veins
3D View – Looking to NE
TSX: EOM

Page  22

High Grade Veins
Vertical Section 1,130,900 E
TSX: EOM

Page  23

Metallurgy
TSX: EOM

Test results for high gold grade sulfides
Process
Flotation

Au Recovery
Range from 85% to 90%

Conditions
Recovery on cleaner concentrate - Mass Pull* between 10-14%. Pilot plant tested Clean concentrate (As < 1800 ppm, no Hg), Cu content in concentrate of around 1.0% Best conditions to be optimized. More testing planned. Batch and pilot plant tests conducted using BIOX® technology. Results for early testing. Optimal conditions still to be defined. Ore amenable to POX.

Flotation Concentrate Selling Option Roasting Bio-oxidation

Au grade between 40-50 g/t Range from 89% to 93% Range from 92% to 96%

Pressure oxidation (POX)

Range from 95% to 97%

* Mass Pull - % of material in which gold recovered is concentrate.
Page  24

Investment Case
TSX: EOM

 In spite of current permitting difficulties, a significant opportunity exists to develop a robust underground project at Angostura.  The advantages of an underground project compared to the open pit options include:  Reduced environmental footprint  Lower capital cost  More easily financed  Shorter lead time to production  Earlier access to higher grade material   Significant upside in Angostura deposit - open at depth. Significant blue sky potential in terms of expansion of current resources and new target areas (Armenia, La Plata, La Violetal, Móngora).

 A healthy resource remains in place with potential to increase through further drilling and exploration programs. To date only 10% of 30,050 hectares have been explored.  A good address: the company is operating in a highly prospective region.  Strong balance sheet US$68.8 million cash; no debt (30 September 2011).
Page  25

Thank you!
December, 2011

TSX:EOM

TSX: EOM

Upside exploration

Page  27

Drilling Up to September 2011
TSX: EOM

Angostura_ Mongora Drilling

Page  28

High grade exploration Angostura
TSX: EOM

Page  29

High grade veins
TSX: EOM

Oxidation Limit

Infill drilling program objective  Improve categorization of resources.

PFS Pit Shell Existing Drill Holes

 Obtain better definition of high grade veins (continuity and extension).  Estimate parameter definition for high grade veins mineral resource model.

Programmed Drill Holes

High Grade Vein
Page  30

200 m

Angostura
TSX: EOM

 18,740m of core drilled testing higher grade mineralized structures at depth and along strike (2010 - May 2011).  Significant intercepts confirm presence of mineralization along strike and down dip in northern limit of Angostura.  Geochemical sampling: - Stream sediment sampling. - Soil sampling. - Rock sampling.  Determination of geochemical anomalies.  Drilling of geochemical targets.

Page  31

A

Mongora

TSX: EOM

N

A

MO09-14

MO10-09

MO09-18

MO10-11

MO10-14 MO10-34

0

25 50 75 100 125 150 175 200

Page  32

MO10-22

La Plata
TSX: EOM

Page  33

La Plata exploration
TSX: EOM

 5km southwest from Angostura. Elevation of up to 2,500masl.  Mineralization of gold, silver, copper, lead and zinc.  Part of mineralization system parallel to La Baja creek. Also hosts mineralization of Angostura and La Mascota.  Occurs in sheeted faulted veins striking to northeast and east-west, steeply dipping to north and south.  System of fracturing controls distribution of alteration and mineralization.  7,162m of core drilling have been completed since 2010. Future drilling program will focus on defining mineralization extensions.

Page  34

Regional exploration
TSX: EOM

 In addition to California District, Eco Oro is conducting regional exploration for new gold targets in the departments of Tolima, Caldas, Norte de Santander and Santander

Page  35

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