Orex Minerals Inc. · TSXV:REX
Orex Minerals — Investor Presentation (December 2023)
32 slides from Orex Minerals's investor presentation, December 2023
Slide 1: A Time of Opportunities in Mexico
A Time of Opportunities in Mexico Exploring for Gold and Silver December 2023 1
Slide 2: Forward Looking Statements
Forward Looking Statements CAUTIONARY NOTE TO US INVESTORS The United States Securities and Exchange Commission ("SEC") permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain t
Slide 3: It Takes a Team
It Takes a Team Belcarra Group Orex’s management team, a part of the Belcarra Group, has the proven technical skills to discover & develop quality exploration projects that maximize shareholder value---the same team is recognized for the discovery of Orko Silver Corp’s La Preciosa Silver-Gold Deposi
Slide 4: Share Structure and Shareholders
Share Structure and Shareholders Capital Structure Orex Minerals Corp. Shares Outstanding 18.739 M Listing (CAN) TSX.V: REX Options (avg. price $1.24) 0.847 M Listing (USA) OTCQB: ORMNF Fully Diluted Shares 19.587 M 52 Week High-Low $0.50 - $0.15 Current Price $0.185 Notable and Major Shareholders I
Slide 5: Project Portfolio
Project Portfolio 4 Projects and 2 Joint Venture Partners MEXICO – VALENCIANA PROJECT Silver – Gold – Base Metals ….. 100% Orex MEXICO – SANDRA PROJECT Silver – Gold – Base Metals ….. JV with Pan American Silver MEXICO – CONETO PROJECT Gold – Silver ….. JV with Fresnillo PLC CANADA – JUMPING JOSEPHI
Slide 6: Durango Projects
Durango Projects Well Established History and Presence in The Silver Trend of Mexico ➢ In the heart of the “Mexican Silver Trend” which hosts some of world's largest silver deposits: ▪ Fresnillo ▪ Guanajuato ▪ La Pitarrilla ▪ La Preciosa ▪ Real de Angeles ▪ Zacatecas 6
Slide 7: Valenciana Silver-Gold Project
Valenciana Silver-Gold Project Valenciana Silver-Gold-Base Metals Project Zacatecas, Mexico 7
Slide 8: Valenciana Silver-Gold Project
Valenciana Silver-Gold Project Valenciana District, Zacatecas State, Mexico ➢ Located north of the village of Valenciana in northern Zacatecas State, 30 kms north of the Nieves Mining District. ➢ Situated in the Mesa Central in the heart of the “Mexican Silver Trend”. ➢ 100% option LOI on central mi
Slide 9: Valenciana Silver-Gold Project
Valenciana Silver-Gold Project Valenciana District, Zacatecas State, Mexico ➢ High-grade Ag-Au-(Pb-Zn) epithermal vein system hosted in Cretaceous sediments and Tertiary rhyolite and monzonite intrusive rocks. ➢ Extensive hydrothermal alteration zone. ➢ 10 diamond drill holes in 1996 completed by Pa
Slide 10: Valenciana Silver-Gold Project: Select Drilling Intercepts
Valenciana Silver-Gold Project Select Drilling Intercepts Hole From To Core Au Ag Ag-Eq Pb Zn (m) (m) Length (g/t) (g/t) (g/t) (%) (%) V-002 282.99 284.90 1.91 1.37 322 438 0.56 1.45 V-002 297.43 299.62 2.19 2.50 1,115 1,328 0.50 1.40 V-003 262.10 263.06 0.96 2.15 595 778 1.63 3.28 V-003 275.02 276.
Slide 11: Coneto Gold-Silver Project
Coneto Gold-Silver Project Durango, Mexico 1 1
Slide 12: Coneto Silver-Gold Project
Coneto Silver-Gold Project The Coneto Mining Camp A Window into the Lower Volcanic Series 12
Slide 13: Coneto Silver-Gold Project
Coneto Silver-Gold Project Coneto de Comonfort, Durango State, Mexico ➢ Located 100 km N of Durango, Mexico, in the prolific Mesa Central. ➢ JV Partner is Fresnillo Mining PLC. ➢ 45% ownership of ~4,800 hectares (11,860 acres) of mineral concessions. ➢ Coneto Mining Camp has over 450 years of mining
Slide 14: Coneto Silver-Gold Project: Select Diamond Drill Intercepts
Coneto Silver-Gold Project Select Diamond Drill Intercepts From To (m) Core True Au Ag Ag-Eq Hole Vein (m) Length (m) Width (m) (g/t) (g/t) (g/t) CC-10-12 Impulsora 109.40 123.90 14.50 13.65 0.94 48 105 Incl. 116.00 120.90 4.90 4.60 1.60 115 211 CC-10-20 Loma Verde 144.50 148.10 3.60 3.12 0.98 292 3
Slide 15: Coneto Gold-Silver Project: Metallurgical Recovery
Coneto Gold-Silver Project Excellent Metallurgical Recovery - Five Zones Average over 93% for Gold, Highest at 98.5%
Slide 16: Coneto – Diamond Drill Core
Coneto – Diamond Drill Core 106 drill holes for 38,613 metres on 12 targets
Slide 17: Coneto – Diamond Drill Core: Oxide Mineralization
Coneto – Diamond Drill Core Oxide Mineralization
Slide 18: Coneto – Diamond Drill Core: Sulphide Mineralization
Coneto – Diamond Drill Core Sulphide Mineralization Hole BCO-11 – Sample # 324423 Au = 38.3 g/t – Ag = 4,990 g/t Cu = 1.39% – Pb = 2.51% – Zn = 3.51% 18
Slide 19: Coneto – Resource Estimate Zones
Coneto – Resource Estimate Zones 19
Slide 20: Coneto – Resource Estimate
Coneto – Resource Estimate Coneto Project – First Inferred Mineral Resource Estimate Re: Machuca et al., 2021, SRK Consulting (Canada) Inc. Issue Date: October 20, 2021. Effective Date: August 30, 2021. Inferred Mineral Resource Zone Tonnes Au Ag Au-Eq Au Oz Ag Oz Au-Eq Oz (1000s) (g/t) (g/t) (g/t)
Slide 21: Sandra Silver-Gold Project
Sandra Silver-Gold Project The Boleras Silver Deposit in the Sandra-Esocbar Caldera, Durango ▪ A 60:40 Joint Venture between Pan American Silver and Orex Minerals ▪ Located north of Tepehuanes, Durango State, Mexico ▪ Land position covers 6,976 hectares (17,860 acres) 21
Slide 22: Sandra Silver-Gold Project: Boleras Selected Drill Intercepts
Sandra Silver-Gold Project Boleras Deposit Area Selected Drill Intercepts Hole From (m) To (m) Core Length (m) True Thickness (m) Ag (g/t) SA-15-001 1.00 62.00 61.00 43.13 359 SA-15-002 1.00 52.00 51.00 45.00 218 SA-15-003 1.00 54.00 53.00 40.60 139 SA-16-005 13.00 59.00 46.00 33.31 186 SA-16-006 13
Slide 23: Sandra Silver-Gold Project: First Inferred Resource Estimate
Sandra Silver-Gold Project First Inferred Resource Estimate, Boleras Silver Deposit Base Case at 45 g/t Ag cut-off: 9.8 million tonnes grading 106 g/t Ag for a total of 33.3 million ounces of silver (Collins et al., 2016) (Effective date: October 25, 2016) Cut-off Tonnes Average Contained Silver Gra
Slide 24: Sandra Silver-Gold Project: Sample Cross Sections
Sandra Silver-Gold Project Sample Cross Sections
Slide 25: Examples of Sandra-Escobar Mineralization
Sandra Silver-Gold Project Examples of Sandra-Escobar Mineralization
Slide 26: Sandra Silver-Gold Project - Vista
Sandra Silver-Gold Project Sandra Silver-Gold Project - Vista Photo showing Burro Zone (Boleras Deposit) in foreground and Cerro Rojo in the distance Fine qtz veining and associated 2 24 San Francisco Ag-Pb-Zn operation (3rd Party) Sept 2019 Orex Core Shack at Sandra Project alteration at Boleras de
Slide 27: Jumping Josephine Gold Project
Jumping Josephine Gold Project 100% ownership of 11,200 hectares (28,700 acres) in the West Kootenay Region, Southwestern BC, Canada ➢ NI 43-101-compliant resource estimate (cut-off of 0.5 g/t Au) that has defined 34,000 ounces of gold indicated (363,000 tonnes @ 2.95 g/t Au) and 30,000 ounces of go
Slide 28: Mineral Resource Summary
Mineral Resource Summary Orex – Mineral Resources by Project Project Tonnes Ag Au Ag Oz Au Oz AgEq Oz %- Orex (1000s) (g/t) (g/t) (1000s) (1000s) (1000s) Orex Share Indicated Resources J-J 363 2.95 34 2,582 100 2,582 Inferred Resources J-J 448 2.08 30 2,247 100 2,247 Sandra 9,800 106 33,300 33,300 4
Slide 29: Orex – Community Engagement
Orex – Community Engagement Community Engagement is a component of the ongoing ESG (Environmental – Social – Governance) efforts, which Orex has been performing for many years. 29
Slide 30: Orex – Current Activities
Orex – Current Activities ▪ Valenciana – Newest property acquisition. District land assembly and community engagement initiated. ▪ Coneto – SRK recommended a $US 6.4 million program. Hyperspectral imaging alteration studies underway. ▪ Sandra – Under review by Pan American Silver. ▪ Community Engage
Slide 31: Orex Advantage
Orex Advantage ▪ Four projects in two strong mining jurisdictions, plus NSR holdings. ▪ JV partnerships and relationships with multiple major companies ▪ Established presence in the Silver Trend of Mexico, and examining new property submissions ▪ Strong technical team with ability to unlock value ▪
Slide 32: Contact Information
Contact Information For More Information Contact: Ben Whiting, P.Geo. Alicia Ford President, CEO and Director Manager of Business Development info@orexminerals.com info@orexminerals.com Orex Minerals Inc. (TSXV: REX | OTCQB: ORMNF) www.orexminerals.com info@orexminerals.com 32
Orex Minerals — Investor Presentation (December 2023) on 6ix