Oriole Resources Plc · LSE:ORR
Oriole Resources — Investor Presentation (August 2021)
21 slides from Oriole Resources's investor presentation, August 2021
Slide 1: Corporate Update August 2021
Corporate Update August 2021
Slide 2: Disclaimer
DISCLAIMER This presentation and any additional documents handed out at any meeting or provided directly to potential investors (together the “Presentation Materials”) have not been approved by (i) the London Stock Exchange or by any authority which could be a competent authority for the purposes of
Slide 3: Experienced Board and Management Team
EXPERIENCED BOARD AND MANAGEMENT TEAM JOHN MCGLOIN Non-Executive Chairman ▪ Geologist and graduate of Camborne School of Mines ▪ Worked for many years in the mining industry before moving into consultancy ▪ John served as the Chairman and CEO of Amara Mining plc until 2016 when it was sold for US$85
Slide 4: Investment Opportunity
INVESTMENT OPPORTUNITY Oriole has a strong management team and the relevant expertise to deliver value for shareholders ✓ First-mover advantage in Cameroon – multiple projects with maiden drilling recently completed at Bibemi ✓ Strategically partnered in Senegal – IAMGOLD spending up to US$8M at Sen
Slide 5: Business Model
BUSINESS MODEL The Lassonde Curve approximates value for a single project – Oriole is a multi-project company All projects fall within the first ‘Exploration’ phase of the curve, offering multiple routes to a re-rate Page 5
Slide 6: Cameroon Overview - Strong First-Mover Advantage
CAMEROON OVERVIEW - STRONG FIRST-MOVER ADVANTAGE Bibemi – 51% • 177km2 gold licence in northern Cameroon • Four key prospects identified to date within 8.3km-long hydrothermal system – surface sampling has returned up to 135.40 g/t Au (rock-chip) and 9m @ 3.14 g/t Au (trench) • Maiden diamond drilli
Slide 7: Bibemi
BIBEMI Orogenic gold system identified over a strike length of 8.3km, associated with northeast-trending shear zones Mineralisation is predominantly hosted by quartz and quartz-tourmaline veins formed in the sheared contact zone between tonalite and meta-volcanic schist Diamond drilling was recently
Slide 8: Bibemi – Extensive Gold System Potential
BIBEMI – EXTENSIVE GOLD SYSTEM POTENTIAL1 Results have confirmed the gold system continues to more than 100m below surface Confirmation of both sub-vertical ‘shear’ veins and sub- horizonal extensional veins – important for building volume An 800m-long zone between fence lines BZ1_L6 and BZ1_L7, at
Slide 9: Bibemi – Next Steps
BIBEMI – NEXT STEPS Significant extension and infill drilling programme being planned along c.1km portion of Bakassi Zone 1 prospect Further exploration also being planned at Bakassi Zone 2, Lawa West and Lawa East prospects ahead of further drilling In spite of COVID-19, c.$3M spent since May 2018
Slide 10: Central Licence Package
CENTRAL LICENCE PACKAGE Contiguous land package of 8 licences covering 3,592km2, granted in February 20211 • 5 licences owned 90% through Oriole Cameroon SARL • 3 licences owned 51% through RMC Cameroon SARL – administrative process to formalise a 90% interest is underway Licences cover prime geolog
Slide 11: Central Licence Package – Target Generation
CENTRAL LICENCE PACKAGE – TARGET GENERATION TBSZ cross-cuts at least 6 of the licences – 12 initial priority gold targets identified by remote sensing. Regional-scale mapping and stream sediment sampling (for gold and multi-elements) recently completed for 874 samples on Oriole Cameroon SARL licence
Slide 12: Senegal Overview
SENEGAL OVERVIEW 472.5km2 Senala gold licence located in the >45 Moz gold highly- prospective & productive Kédougou- endowment* Kénéiba Inlier (‘KKI’) in eastern Senegal SENEGAL Advanced exploration project with licence Sadiola 7.7Moz tenure recently secured for a further 10 years - held within 85%
Slide 13: Senala
SENALA System hosted by north-east trending shear zones Previous programmes by the Company have identified five main geochemical targets, with multiple multi-gramme drill intersections close to surface at the more advanced Faré and Madina Bafé prospects IAMGOLD’s Year 1 and 2 programmes progressed w
Slide 14: Senala - Faré Prospect
SENALA - FARÉ PROSPECT Potential to host a stand-alone resource*, with significant mineralised zones up to 100m wide. An oxidation depth of ~80m suggests potential for high gold recoveries through low-cost, open pit mining 6,091m AC drilling recently completed - results (up to 2.58 g/t Au) confirmed
Slide 15: Senala – Madina Bafé Prospect
SENALA – MADINA BAFÉ PROSPECT 1.2km long by 30-45m wide northeast-striking mineralised zone (sheeted quartz-tourmaline veins and breccia) in the south-east of the prospect defined by early mapping, sampling and trenching1 Previous programmes have delivered up to 9.60m @ 16.08 g/t Au from diamond dri
Slide 16: Value from Our Legacy
VALUE FROM OUR LEGACY 1.2% interest in 51Mt EIA-stage copper-gold c.$1M success- project 24.92% interest based payments in c.730k of gold due on two resources in projects in Egypt Turkey 10.61% interest c.$1.4M being in fully-funded pursued through Turkish courts VALUE gold exploration portfolio in
Slide 17: Good Fiscal Discipline - Comparison of Net Costs
GOOD FISCAL DISCIPLINE - COMPARISON OF NET COSTS (NORMALISED*) 2500 New Board and Management in place since September 2018 2000 UK staff costs down 56% over last four years despite ramp up in exploration 1500 activities Excellent budgetary control on Cameroon 1000 programmes – reduction of net costs
Slide 18: Upcoming News Flow
UPCOMING NEWS FLOW* Cameroon Initial results from regional stream sediment sampling programme at the Central Licence Package – Q3 Completion of mapping and stream sediment sampling at the Central Licences to identify follow-up targets – H2 Confirmation of 90% ownership of Bibemi and Wapouzé – H2 Sen
Slide 19: Corporate Profile
CORPORATE PROFILE Stock information1: LON:ORR Fully diluted shareholders1 Share o/s 1,577.55M Directors options under sacrifice Fully diluted 1,867.58M 2.1% Other options Share price 0.53p Directors holdings 2.2% Market cap £8.28M 1.2% Warrants with accelerator Cash at 31/12/20 £1.75M* 9.4% Total de
Slide 20: Contacts
CONTACTS Oriole Resources PLC Tim Livesey +44 (0) 207 830 9650 Bob Smeeton Claire Bay Grant Thornton (NOMAD) +44 (0) 207 383 5100 Samantha Harrison George Grainger Shard Capital Partners LLP (Broker) +44 (0) 20 186 9900 Damon Heath Erik Woolgar Isabella Pierre Blytheweigh (Financial PR) +44 (0) 207
Slide 21: Competent Persons Statement
COMPETENT PERSONS STATEMENT The Technical Information relating to Exploration Results and Targets in this presentation has been prepared by Claire Bay, an employee of the Company, who is a Competent Person as defined by the JORC Code 2012 Edition. The information is extracted from various source rep
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