Orezone Gold Corporation · TSX:ORE
Orezone Gold — Investor Presentation (January 2025)
21 slides from Orezone Gold's investor presentation, January 2025
Slide 1: Build | Operate | Expand – Bomboré Gold Mine
TSX ORE JANUARY 2024 OTCQX ORZCF BUILD I OPERATE I EXPAND BOMBORÉ GOLD MINE BURKINA FASO
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain “forward-looking information” within the meaning of applicable Canadian recommendations are not intended as investment advice and should not be relied upon by investors to make securities laws. Forward-looking information and forward-looking statements (
Slide 3: Build | Operate | Expand
BUILD | OPERATE | EXPAND Oxide plant built >100,000 oz/yr Tier 1 potential 14km reserve defined on-time and under-budget Operations Exploration system, average reserve depth of <40m Stage I Commercial Production >170,000 oz/yr Drilling Multi-year Expansion Production Guidance Achieved Underway Drill
Slide 4: Bomboré: Q4 & FY2024 Production Highlights
BOMBORÉ: Q4 & FY2024 Production Highlights HEALTHY & SAFETY GOLD PRODUCTION GOLD SALES HEALTH & SAFETY PRODUCTION Q4: 36,502oz Q4: 34,833oz SALES 0 LTIs 37% increase QoQ Average realized price of US$2,632/oz, US$91.7M in revenue 1.33M hours worked during quarter 5.37M hours worked in 2024 FY2024: 11
Slide 5: 3 Year Production Forecast
BUILD | OPERATE | EXPAND 3 YEAR PRODUCTION FORECAST Bomboré Three-Year Production 2024 – 2026 (100% Basis) 225 - FY-2024 Guidance 250koz • Gold Production: 110,000 - 125,000oz 170 - 185koz • AISC: $1,400 - $1,475/oz 141koz 115 - 119koz 130koz Strong production growth and reduction in AISC • >170,000
Slide 6: Stage I Hard Rock Expansion – 2.5Mtpa
BUILD | OPERATE | EXPAND STAGE I Hard Rock Expansion – 2.5Mtpa Estimated Capex of $85M • Fully financed Existing Expansion on schedule Oxide Plant • Early-works complete • All process equipment procured • Concrete contract awarded & mobilization 3-months ahead of schedule • Tank platework awarded •
Slide 7: Stage I Hard Rock Expansion – 2.5Mtpa (construction photos)
BUILD | OPERATE | EXPAND STAGE I Hard Rock Expansion – 2.5Mtpa 1 2 5 3 4 1. Crusher foundation 2. CIL ring beams 3. SAG mill shells 4. First delivery of hard rock mining fleet onsite 7 5. Hard rock expansion plant site layout
Slide 8: Key to Our Success: Commitment to Local Content
KEY TO OUR SUCCESS Commitment to Local Content Local Workforce Local Financial 97% Burkinabe workforce Partners • Well established Coris Bank – senior lender workforce in country with 16 mines developed • Based out of Burkina Faso, one of the largest • Only 4 foreign expats banks in West Africa Orez
Slide 9: Exploration Upside Along Strike and at Depth
BUILD | OPERATE | EXPAND EXPLORATION UPSIDE Along Strike and at Depth 2.4Moz Mineral Reserve1 P17 delineated along >14km of strike • Average reserve pit depth <40m North Zone P16 7,769 RC and core holes drilled • 40 holes >250m • 15 holes >300m Siga P11 Exploration focus on higher grade P8P9 hard ro
Slide 10: North Zone Cross Section Looking Southeast
NORTH ZONE CROSS SECTION Looking Southeast 10
Slide 11: North Zone Long Section Looking Southeast
NORTH ZONE LONG SECTION Looking Southeast Highlighted composite intercepts >1g/t below reserve pit A A’ Northeast Southwest North Pit BBD0685 BBD088 2.40g/t Au / 23m 9.00g/t Au / 12m BBD0136 BBD0820 BBD1287 BBD0872 3.76g/t Au / 10m BBD0888 1.28g/t Au / 25m BBD1018 1.40g/t Au / 50m 5.27g/t Au / 16m B
Slide 12: Current Position
NS OREZONE Current Position
Slide 13: Orezone Significantly Undervalued
OREZONE Significantly Undervalued 2024 Guidance Mid-Point Market Capitalization Stage 1 Hard Rock Expansion A A Source: S&P Capital IQ Pro & Public Disclosure as at close on December 31, 2024 13
Slide 14: Financial Position
FINANCIAL POSITION Financial position 1 Outlook $66.9M cash Expected $80M in senior debt outstanding upon completion of Stage I hard rock plant $68.1M senior debt with Coris Bank in late 2025 • 9 - 10% interest rate Debt free by Q3-2027 – with senior debt and convert fully repaid $35M convert with R
Slide 15: Capital Structure & Research Coverage
CAPITAL STRUCTURE & Research Coverage TSX: ORE, OTCQX: ORZCF Major Shareholders3 Shares Issued1 466,107,137 Shares Fully Diluted2 541,800,325 20% Market Capitalization1 C$298M Nioko 45% 16% Retail & Other RCF Analyst Target Price and Recommendations Broker Date Recommendation Target Price Canaccord
Slide 16: Management & Directors
MANAGEMENT & DIRECTORS Significant Hands-on Experience MANAGEMENT BOARD PATRICK DOWNEY ROB HENDERSON PATRICK G. DOWNEY TARA HASSAN President, CEO and Director VP, Technical Services President, CEO and Director Director Former President, Chief Executive Officer and Director VP, Corporate Development
Slide 17: Appendix
NS OREZONE Appendix
Slide 18: Burkina Faso: An Established Gold Mining Jurisdiction
BURKINA FASO An Established Gold Mining Jurisdiction Ideal Location 90-minute drive from the capital city Ease of logistics and security Skilled local labour force > 18Moz Gold within 50km West African Resources: Sanbrado, Toega and Kiaka New high-grade gold discoveries Supportive Mining Jurisdictio
Slide 19: Bomboré Site Layout
BOMBORE Site Layout Exploration Permit 2023 FS Reserve Pits Process Plant P13 XY
Slide 20: Resource and Reserve Estimates
RESOURCE AND RESERVE ESTIMATES Bomboré Gold Project Resource Estimate as of March 28, 20231 Measured Indicated Measured and Indicated Inferred Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Mt Au g/t Au koz Mt Au g/t Au koz Mt Au g/t Au koz Mt Au g/t Au koz Oxide 16.
Slide 21: Contact
CONTACT Vanessa Pickering 604-202-2940 vpickering@orezone.com www.orezone.com