Slide 1: Developing its Second Large Gold Deposit in Burkina Faso
Developing its Second Large Gold Deposit in Burkina Faso Q3- 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$92 M Sun Valley AGF Average Daily Volume 500,000 Equinox Amer. Century 52 week high/low C$1.25 / $0.22 Sprott
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
Burkina Faso 4th In Africa for Mineral Potential and 6th for Mining Investment (Fraser Institute, 2014) 9 Gold mines since 2007 5th Largest African gold producer 2003 Modernized mining code, Updated 2015 19 Million people 2016 New President Roch M.C. Kaboré Capital: Ouagadougou + 1 Moz / yr Cotton P
Slide 7: 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 8: Bomboré - Local Infrastructure
Bomboré - Local Infrastructure Access Road Bomboré Camp Current Mine Plan Ouaga Office 8
Slide 9: Bomboré Overview – Excellent Upside
Bomboré Overview – Excellent Upside Potential Mine Layout Gold in Soil Geochemistry Waste Dumps TSF / Leach Pad 11 km Plant 1 Km Pit shells ppb Au 2015 Pit shells 500 using $1100 Au 100 Expansion 50 potential 0 9
Slide 10: 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 Sulp
Slide 11: 2013-2016 Comparison of Resources
2013- 2016 Comparison of Resources Measured Indicated Measured and Indicated Inferred Mineral Resource Mineral Resource Mineral Resource Mineral Resource Cut-off Tonnes Grade Gold Tonnes Grade Gold Tonnes Grade Gold Tonnes Grade Gold gpt Mt gpt Koz Mt gpt Koz Mt gpt Koz Mt gpt Koz 2013 Oxide+Trans 0
Slide 12: Comparison of 2013 and 2016 North Block Models
Comparison of 2013 and 2016 North Block Models 2013 Red blocks > 0.45 g/t Au 50 m Green blocks 0.2 g/t Au to 0.45 g/t Au Blue envelopes > 0.5 g/t 2016 50 m Red blocks and red envelopes > 0.45 g/t Au Green blocks and green envelopes 0.2 g/t Au to 0.45 g/t Au Assay results along the trace of drill hol
Slide 13: 2013 North Block Model
2013 North Block Model 100 m 2016 Red blocks > 0.45 g/t Au Green blocks 0.2 g/t Au to 0.45 g/t Au Blue envelopes > 0.5 g/t 13
Slide 14: 2016 North Block Model
2016 North Block Model 100 m 2016 Red blocks and red envelopes > 0.45 g/t Au Green blocks and green envelopes 0.2 g/t Au to 0.45 g/t Au 14
Slide 15: 2013 North Block Model Details
2013 North Block Model Details 10 m Green line = 2013 resource shell Dark blue line = 2013 high grade wireframes (0.50 g/t Au) Assay results along the trace of drill holes 15
Slide 16: 2016 North Model with 2016 Wireframes Details
2016 North Model with 2016 Wireframes Details 10 m Red blocks and red envelopes > 0.45 g/t Au Green blocks and green envelopes 0.2 g/t Au to 0.45 g/t Au Assay results along the trace of drill holes 16
Slide 17: 2016 North Model with 2016 Wireframes Details
2016 North Model with 2016 Wireframes Details 10 m Red blocks and red envelopes > 0.45 g/t Au Green blocks and green envelopes 0.2 g/t Au to 0.45 g/t Au Assay results along the trace of drill holes 17
Slide 18: Gain / Loss Review of Resources
Gain / Loss Review of Resources 18
Slide 19: Gain / Loss Review of Resources
Gain / Loss Review of Resources 19
Slide 20: Resource Summary Highlights
Resource Summary Highlights Approximately one third of the resource reduction is not related to estimation. Grade and tonnage estimation excludes any higher and lower grade composites outside of the constrained ore envelopes. Modeling and drill plans will now commence so we can test and upgrade mine
Slide 21: Bomboré Pit - Shallow Simple Mining
Bomboré Pit - Shallow Simple Mining Gold mineralization continues at depth Siga South Deposit – Section 10600N Phase 1 - shallow oxide pit Phase 2 CIL Sulphide 21
Slide 22: HL/CIL Combined Flowsheet
HL/CIL Combined Flowsheet 22
Slide 23: Process Plant Layout
Process Plant Layout Primary Crusher Scrubber / Classifiers Leach Pad Stockpile Scrubber 23
Slide 24: Heap Leach Pad & Tailings Facility
Heap Leach Pad & Tailings Facility HEAP LEACH PAD Solution Flow TAILINGS DAM PROCESS PLANT Solution Reclaim 200 m 24
Slide 25: Bomboré Timeline to Production
Bomboré Timeline to Production 2016 2017 2018 2019 2 3 4 1 2 3 4 1 2 3 1 2 Resource Update ● ● Feasibility Update ● ● ● Engineering / Project Financing ● ● ● Construction (20 months) ● ● ● ● ● ● ● Commission / Pre-production ● ● ● Production ● Note: Timeline to production is dependent upon several f
Slide 26: Local Support & Approvals
Local Support & 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 Phase 2 Ph
Slide 27: 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 28: 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,