Oriole Resources Plc · LSE:ORR
Oriole Resources — Investor Presentation (December 2020)
20 slides from Oriole Resources's investor presentation, December 2020
Slide 1: Cameroon: Preparing for Maiden Drilling at Bibemi Gold Project
CAMEROON: PREPARING FOR MAIDEN DRILLING AT BIBEMI GOLD PROJECT DECEMBER 2020
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 ✓ Early-stage exploration in Cameroon ✓ First-mover advantage ✓ Cameroonian government promoting foreign investment ✓ Well-connected local partner ✓ Encouraging results across both
Slide 5: Cameroon – A New Frontier in Africa for Gold Exploration
CAMEROON – A NEW FRONTIER IN AFRICA FOR GOLD EXPLORATION Emerging economy with a government focused on developing its mining industry Modern mining code published in 2016, supportive of foreign investment – based on the Finnish Mining Code Country covers highly prospective mobile belt between the We
Slide 6: Cameroon - Highly Prospective Geology
CAMEROON - HIGHLY PROSPECTIVE GEOLOGY Cameroon’s geology is highly prospective for a range of minerals, including base and precious metals ✓ Central African Shear Zone (CASZ) is highly prospective for gold – metavolcanics and metasedimentary “greenstone” rocks between the Congo Craton and Saharan Me
Slide 7: Strong First-Mover Advantage
STRONG FIRST-MOVER ADVANTAGE Bibemi • 177 km2 licence area held by BEIG3’s wholly-owned subsidary Reservoir Minerals (BVI) Cameroon • 12,500 m of trenching, with results up to 9m @ 3.14 g/t Au, has confirmed multiple zones of orogenic-type gold mineralisation over the 5km-long central Bakassi zone •
Slide 8: Bibemi Project, Bakassi Zone
BIBEMI PROJECT, BAKASSI ZONE 6.45g/t 6.39g/t 35.5g/t 119.7g/t Zone 2 Zone 1 1Announcement dated 27 November 2018 Page 8
Slide 9: Bakassi Zone – What We Know So Far…
BAKASSI ZONE – WHAT WE KNOW SO FAR… Rock-chip sampling in 2018 returned ‘bonanza’ grades1 Detailed geological mapping has identified a complex structural regime, including multiple northeast-trending shear zones Over 12,500m trenching completed over 2 key zones with Zone 1 extending over ~ 5km strik
Slide 10: Bakassi Zone – The Importance of Stacked Veins
BAKASSI ZONE – THE IMPORTANCE OF STACKED VEINS Three zones of stacked, mineralised quartz veins have been identified along-strike in Zone 1 – sampling has returned grades of up to 35.86 g/t Au from rock-chips and 9m grading 3.14 g/t Au1 from trenching The sub-horizontal geometry reflects strain acco
Slide 11: Extension of the Mineralised System
EXTENSION OF THE MINERALISED SYSTEM Reconnaissance mapping to the south-west of Bakassi has Key Prospects at Bibemi on Magnetics TMI 1VD identified two new zones, Lawa West and Lawa East The prospects are associated with a northeast-trending structure that has intersected the Bakassi Zone 1 and Baka
Slide 12: Extension of the Mineralised System
EXTENSTION OF THE MINERALISED SYSTEM Lawa West – rock-chip sampling results and planned drill holes Both prospects show wide, closely-spaced quartz veins Lawa West - mineralisation is associated with highly- fractured/sheared veins, filled with sulphides Lawa East - mineralisation is in brecciated v
Slide 13: Upcoming Maiden Drilling Programme
UPCOMING MAIDEN DRILLING PROGRAMME1 Capital Limited contracted to undertake a fully-funded maiden drilling programme In total, 28 diamond holes (for 3,080 m) are planned to target depth extension of best grades and zones of stacked quartz veins Installation of drill camp nearing completion Zone 1 Dr
Slide 14: Wapouzé
WAPOUZÉ 20km 8km BATAOL ZONE 2.8km (Image here) 2.2km Located 20km north of Bibemi Gold mineralisation identified over 13km cumulative strike at the Bataol Zone Initial results (up to 531 ppb Au) identified in 3 main northeast-trending zones (>10 ppb Au) Infill soil sampling (200m x 100m) defined zo
Slide 15: Wapouzé – Trenching
WAPOUZÉ – TRENCHING1 A pilot trenching programme is planned to follow-up on the most significant anomalies at Bataol Two short (100m each) trenches will be excavated to allow detailed mapping and sampling around targeted zones. This will enable interpretation of the spatial-temporal relationship bet
Slide 16: Central Cameroon
CENTRAL CAMEROON Contiguous land package of 8 licences covering c.3,500km2 • 3 in partnership with BEIG3 (BEIG3’s wholly-owned subsidiary RMC Cameroon) • 5 through new local subsidiary Oriole Cameroon SARL (90%-owned) Licences selected on basis of geological and structural setting - targeting the re
Slide 17: Central Cameroon
CENTRAL CAMEROON Subject to licence approval, initial work programme will include remote sensing, mapping and package-wide stream sediment sampling Geochemical analysis of the samples is intended to identify any anomalous gold concentrations, and can be used to focus on specific targets of high gold
Slide 18: Expected News Flow from Cameroon Over Next 6 Months
EXPECTED NEWS FLOW FROM CAMEROON OVER NEXT 6 MONTHS* Bibemi: Arrival of drill equipment in Cameroon – late-December Oriole to confirm 51% ownership of Bibemi Commencement of c.3,000m drill programme – January 2021 Drilling results expected during Q1 and Q2-2021 Confirmation that Year 3 investment ha
Slide 19: Contacts
CONTACTS Oriole Resources PLC Tim Livesey, Bob Smeeton, Claire Bay +44 (0) 207 830 9650 Grant Thornton (NOMAD) +44 (0) 207 383 5100 Samantha Harrison Seamus Fricker Shard Capital Partners LLP (Broker) +44 (0) 20 186 9900 Damon Heath Erik Woolgar Isabella Pierre Blytheweigh (Financial PR) +44 (0) 207
Slide 20: 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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