Orecap Invest Corp · TSXV:OCI
Orecap Invest — Orefinders — Investor Presentation (January 2018)
28 slides from Orecap Invest's investor presentation, Jan 16, 2018
Slide 1: Gold Focused in Canada’s Abitibi
WWW.OREFINDERS.CA | ORX:TSXV Gold Focused in Canada’s Abitibi
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS We are in the mineral exploration and development business. It is inherently risky, and all potential investors should be keenly aware of this. This presentation contains forward-looking statements. All statements, other than of historical fact, that address activities, ev
Slide 3: Orefinders Defined
OREFINDERS DEFINED Orefinders is focused on developing advanced stage preproduction gold assets within Canada’s most prolific gold bearing region – the Abitibi. 100% ownership of two district scale projects in Ontario: • Mirado in Kirkland Lake • Knight in Timiskaming District 3
Slide 4: Orefinders Assets: Heart of the Abitibi
OREFINDERS ASSETS: Heart of the Abitibi 4
Slide 5: Mirado Project
MIRADO PROJECT • Mirado contains three former producing mines on 2,417 hectares including 12 patented claims • In 2017 sold 1,414 oz.. of Gold from its bulk sample from the Stockpiles from the Mirado Mine. • Mirado Mine’s PEA published January 2018 defines strong economics Mirado Mine restarting hig
Slide 6: PEA: Mirado South Zone Open Pit
PEA: MIRADO SOUTH ZONE OPEN PIT PEA defines Mirado South Zone’s near surface mineralization that can be profitably mined within a short time frame & without on-site processing or tailings facility. South Zone Open Pit Economics: IRR: 158% NPV: $30.8 million, undiscounted; $20.5 million NPV at 5% dis
Slide 7: Open Pit PEA
OPEN PIT PEA • Represents only 5% of Mirado Project • Will be used as a cash flow generator to develop big picture potential on Mirado and Knight Projects • Very low Capex required to restart • No tailings facility, no onsite mill = faster permitting • PEA is based off real metallurgical, crushing &
Slide 8: Bootstrapping Growth
BOOTSTRAPPING GROWTH 1 2 3 Open Pit PEA Intent is to define a Start small, and grow economics are very profitable but limited strategy strong, but do not scope project to fund encompass any value Mirado’s and Knight and potential outside Projects significant its narrow scope development potential 8
Slide 9: NAV Sensitivities to Gold Price
NAV SENSITIVITIES TO GOLD PRICE Gold Price Undiscounted Pre-Tax Discounted (5%) Post-Tax (US$/oz) Cash Flow ($ millions) Cash Flow ($ millions) 1,375 37.7 25.0 1,350 35.4 23.5 1,325 33.1 22.0 1,300 30.8 20.5 1,275 28.4 19.0 1,250 26.1 17.4 1,225 23.8 15.9 1,200 21.5 14.4 1,175 19.1 12.9 An exchange
Slide 10: Orefinders Knight Project
OREFINDERS KNIGHT PROJECT Nine Key Properties Consolidated in Highly Prospective District • Major land owner of both high grade & low grade bulk tonnage properties • District has potential for major orebody • Acquired 100% ownership in three separate transactions in January 2018 • Orefinders core la
Slide 11: Knight Project Core Properties Map
Knight Project Core Properties Map 11
Slide 12: Knight Project Assets
Knight Project Assets • Knight Project assets are accessible by car via Highway 560. • Minto Mine, Tyrenite Mine, Duggan Mine, Porphyry Lake, Mann Mine (Cobalt –Silver) • Total Land Package 23.5km2 on 14 patented leases and 67 mining claims • Approximately 30KM of drilling on properties • 5 former p
Slide 13: Minto Mine
MINTO MINE 2010-2011 Drill Programs • 18.2 gpt Gold over 65.7 metres, MC-09-02 • 13.3 gpt Gold over 82.5 metres, MC-09-01 • 1.01 gpt Gold over 192 metres, MC-11-11 • 1.15 gpt Gold over 280 metres, MC-10-03b The Minto is a very high grade breccia pipe with a diameter between 30 to 60 metres. The reso
Slide 14: Minto Mine – Near Term Cash Flow
MINTO MINE – Near Term Cash Flow 14
Slide 15: Duggan & Porphyry Lake Drilling
DUGGAN & PORPHYRY LAKE DRILLING Near surface intersections showing wide zones of mineralization with significant Open Pit Potential Duggan Drilling • 1.52 gpt Gold over 75.5 metres in hole D3-07 • 2.20 gpt Gold over 34.50 metres in hole CD13-03 Porphyry Lake Drilling • 2.40 gpt Gold over 15.0 metres
Slide 16: Tyrenite Mine
TYRENITE MINE Tyrenite Shaft Tyrenite Mine Extension acquired by Orefinders (was not owned 16 by Premet)
Slide 17: Tyrenite Mine
TYRENITE MINE 17
Slide 18: Knight Project History
KNIGHT PROJECT HISTORY Knight Project assets were acquired for a fraction of their past & future value • 2014, Knight Land package was acquired at a +$21M valuation. • +$13M was spent by previous owner (2010-2014) on exploration and development on Minto, Duggan and Tyrenite. • 2011, Hunter Dickinson
Slide 19: Knight Project Vision
KNIGHT PROJECT VISION • At least 2 and maybe 3 gold events at Knight. • Early mesothermal shear hosted quartz-carbonate-pyrite veins in volcanics and at contacts of porphyry intrusions. • Possible early intrusion-hosted gold in porphyries. • Late, epithermal diatreme breccias at Minto Deposit. • Clo
Slide 20: Orefinders Leadership
OREFINDERS LEADERSHIP • Behind the consolidation and discovery of Cote Lake Project • Bought by IAMGOLD in 2012 for $608M • Looking to recreate Cote Lake success with • Knight Project– with holds many similarities • Duggan • Porphyry Lake • Tyrenite • Minto • Mirado • Huge upside from exploration wh
Slide 21: Management Team
MANAGEMENT TEAM Stephen Stewart, M.Sc., MBA – CEO and Director Stephen has over 15 years of experience in the resource and finance industries where he has evaluated and raised capital for natural resource projects. His focus has been on the acquisition, exploration and development of resource assets
Slide 22: Non Core Assets
NON CORE ASSETS In addition to the Mirado & Knight Projects Orefinders also owns 100% of: • Mann Mines, Cobalt – Silver Mine with former production • Significant interest from 3rd Parties to Acquire this land package • Silver & Cobalt production from the 1980’s. • Multiple shafts and ramps to histor
Slide 23: Mann Mine: High Value Non Core Asset
MANN MINE: HIGH VALUE NON CORE ASSET • Mann Mines are silver and cobalt properties located in Milner Township, Ontario within the Cobalt-Gowanda District • The property hosts 9 historic shafts, a ramp driven to the 210-foot level and the former past producing Mann Mine recorded a production of nearl
Slide 24: Mann: Cobalt-Silver Intersections
MANN: COBALT-SILVER INTERSECTIONS MNDM: AFRI: 20011567
Slide 25: Mann: Cobalt-Silver Intersections
MANN: COBALT-SILVER INTERSECTIONS Ag (g/t) MNDM: AFRI: 20011567
Slide 26: Mann’s 2011-2012 DDH
MANN’S 2011-2012 DDH HoleID Datum UTMEast UTMNorth Elevation Length Dip Azimuth MN11-01 NAD83ZN17 513,824.9 5274074.1 395.0 227.00 -45 185 MN11-02 NAD83ZN17 513832.5 5274077.1 395.0 194.00 -45 174 MN11-03 NAD83ZN17 513832.5 5274077.1 395.0 209.00 -45 179 MN11-04 NAD83ZN17 513805.3 5274075.8 391.0 74
Slide 27: Corona Property
CORONA PROPERTY • Exploration Property with high grades outcropping at surface. • Extensive small scale artisan mining has been completed on the Corona for the last 3 decades. 27
Slide 28: Contact
CONTACT Stephen Stewart Chief Executive Officer Orefinders Inc. sstewart@orefinders.ca 416.644.1567 28