Orezone Gold Corporation · TSX:ORE
Orezone Gold — Investor Presentation (November 2016)
24 slides from Orezone Gold's investor presentation, November 2016
Slide 1: Developing its Second Large Gold Deposit in Burkina Faso
Developing its Second Large Gold Deposit in Burkina Faso Q4-‐ 2016 ✔ Environmental Permit ✔ Mine Permit ✔ Local Support
Slide 2: Forward Looking Statements
Forward Looking Statements This Presentation may contain “forward-looking information” which may include, but is not limited to, statements with respect to: political conditions and government regulations in foreign countries; timing of the receipt of governmental approvals and/or acceptances; targe
Slide 3: Investment Highlights
Investment Highlights Fully Permitted – Advancing towards production decision Simple Oxide Flowsheet Design – Low Capex/oz and Low AISC/oz Excellent Expansion Potential – Drilled and studied sulphide resource Experienced Team – Orezone developed the largest gold mine in Burkina Faso Supportive Commu
Slide 4: Corporate Structure
Corporate Structure ORE.TSXV Shareholders Shares Issued 153.9 M 7% Management Shares Fully Diluted 163.3 M + 50% Institutional Cash 1 (Aug 18, 2016) US$25.3 M Van Eck Ross Beaty Market Cap C$117 M Sun Valley Sprott Average Daily Volume 500,000 Equinox Amer. Century 52 week high/low C$1.25 / $0.22 M&
Slide 5: Experienced Team
Experienced Team Management Years Experience Ron Little P.Eng Founder, CEO & President, Director 30 Pascal Marquis Ph.D., Geo SVP Exploration (Previously Agnico) 30 Tim Miller Chem, MBA COO (Previously Goldcorp, Glamis) 30 Joe McCoy MBA CFO 30 Aboubakar Sidikou Country Manager 20 Ousseni Derra MSc E
Slide 6: Burkina Faso Gold Endowment
Burkina Faso Gold Endowment Past producer Gold Mine (2P+M&I+Produced) Niger Gold Deposit (2P+M&I) Essakane Inata 7.0 Moz Orezone Deposits (M&I) 2.7 Moz Karma Taparko/Bouroum 0 100 200 km 2.6 Moz 1.6 Moz Samira Hill Kalsaka Bissa/Bouly 2.5 Moz 1.0 Moz 5.5 Moz Bongou OUAGADOUGOU Mana Mankarg 5 Natougo
Slide 7: Bomboré - Local Infrastructure
Bomboré -‐ Local Infrastructure Access Road Bomboré Camp Current Mine Plan Ouaga Office 7
Slide 8: Bomboré Overview – Excellent Upside
Bomboré Overview – Excellent Upside Potential Mine Layout Gold in Soil Geochemistry Waste Dumps TSF / Leach Pad Plant 11 km 1 Km Pit shells ppb Au 500 2016 Pit shells using $1400 Au 100 Expansion 50 potential 0 8
Slide 9: Bomboré Gold Resources (NI 43-101)
Bomboré Gold Resources (NI 43-‐101) Tonnes Grade Gold Content Category (millions) (Au g/t) (ounces) Sept 7, 2016 Resource Statement (constrained to a $1400 pit shell) Oxidized M&I +0.45 g/t 47.1 0.89 1,355,000 Oxidized Inferred +0.45 g/t 1.0 0.76 24,000 Sulphide M&I +0.50 g/t 55.8 1.04 1,870,000 Su
Slide 10: Comparison of 2013 and 2016 North Block Models
Comparison of 2013 and 2016 North Block Models 2013 50 m Blue envelopes > 0.5 g/t, Red blocks > 0.45 g/t , Green blocks 0.2 to 0.45 g/t 2016 50 m Red blocks and red envelopes > 0.45 g/t, Green blocks and green envelopes 0.2 to 0.45 g/t Assay results along the trace of drill holes 10
Slide 11: 2013 North Block Model
2013 North Block Model A B 100 m 2016 Blue envelopes > 0.5 g/t Red blocks > 0.45 g/t Green blocks 0.2 to 0.45 g/t 11
Slide 12: 2016 North Block Model
2016 North Block Model A B 100 m 2016 Red blocks and red envelopes > 0.45 g/t Green blocks and green envelopes 0.2 to 0.45 g/t 12
Slide 13: 2013 North Block Model Details “A”
2013 North Block Model Details “A” A 10 m Green line = 2013 resource shell 2013 Blue envelopes >0.5 g/t Red blocks > 0.45 g/t Assay results along the trace of drill holes 13
Slide 14: 2016 North Model “A” with 2016 Wireframes Details
2016 North Model “A” with 2016 Wireframes Details A 10 m Red blocks and red envelopes > 0.45 g/t Green blocks and green envelopes 0.2 to 0.45 g/t Assay results along the trace of drill holes 14
Slide 15: 2016 North Model “B” with 2016 Wireframes Details
2016 North Model “B” with 2016 Wireframes Details B 10 m Red blocks and red envelopes > 0.45 g/t Green blocks and green envelopes 0.2 to 0.45 g/t Assay results along the trace of drill holes 15
Slide 16: Gain / Loss Review of Resources
Gain / Loss Review of Resources ? 16
Slide 17: Resource Summary Highlights
Resource Summary Highlights Approximately one third of the resource reduction is not related to estimation. The resource estimate is incomplete and we can expect to add higher and lower grade blocks outside of the constrained ore envelopes. Modeling and drilling will test and upgrade mineralized mat
Slide 18: Bomboré Pit - Shallow Simple Mining
Bomboré Pit -‐ Shallow Simple Mining Gold mineraliza[on con[nues at depth Siga South Deposit – Section 10600N Phase 1 - shallow oxide pit Phase 2 CIL Sulphide 18
Slide 19: Process Plant Layout
Process Plant Layout Primary Crusher Scrubber / Classifiers Leach Pad Stockpile Scrubber 19
Slide 20: Heap Leach Pad & Tailings Facility
Heap Leach Pad & Tailings Facility HEAP LEACH PAD Solution Flow TAILINGS DAM PROCESS PLANT Solution Reclaim 200 m 20
Slide 21: Bomboré Timeline to Production
Bomboré Timeline to Produc[on 2016 2017 2018 2019 3 4 1 2 3 4 1 2 3 4 1 2 Resource Update ● ● Drilling – Infill, Expand, Explore ● ● ● Feasibility Update ● ● ● Pre-construction items ● ● Engineering / Project Financing ● ● ● Construction (20 months) ● ● ● ● ● ● ● Commission / Pre-production ● ● ● Pr
Slide 22: Local Support & Permit Approvals
Local Support & Permit Approvals ✔ All Villagers and Artisanal Miners support the project and have signed-off to protocols under IFC guidelines Phase 1 # Families # People Villagers 351 2,460 Phase 1 Miners - Sanam Yaar 914 1,920 Phases 2 & 3 Villagers 258 1,805 Phase 1 Miners - Kagtanga 446 940 Pha
Slide 23: Summary Highlights
Summary Highlights PHASE 1 FULLY PERMITTED PHASE 2 LOW COST PRODUCTION UPDATING FEASIBILITY EXPANSION OF CIL CIRCUIT Expected Low AISC Strong Local Support Exceptional Upside Excellent Metallurgy All Communities signed off Large Open Sulphide Resource Reliable Simple Circuit Environment Approvals in
Slide 24: Analysts and Contacts
Analysts and Contacts Located only 85 km East of the Capital City along a major highway. “Management has a long 20 year successful track record in Burkina Faso.” “The underlying well studied sulphide resource is the unrecognized leverage on value to ORE.” Orezone Gold Corporation 290 Picton Avenue,