Orex Minerals Inc. · TSXV:REX
Orex Minerals — Investor Presentation (May 2022)
29 slides from Orex Minerals's investor presentation, May 2022
Slide 1: Gold and Silver Exploration Projects for Orex Minerals Inc.
Gold and Silver Exploration Projects for Orex Minerals Inc. May 2022 1
Slide 2: Forward Looking Statements
Forward Looking Statements CAUTIONARY NOTE TO US INVESTORS The United States Securities and Exchange Commission ("SEC") permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain t
Slide 3: It Takes a Team
It Takes a Team Belcarra Group Orex’s management team, a part of the Belcarra Group, has the proven technical skills to discover & develop quality exploration projects that maximize shareholder value---the same team is recognized for the discovery of Orko Silver Corp’s La Preciosa Silver-Gold Deposi
Slide 4: Share Structure and Shareholders
Share Structure and Shareholders Capital Structure Orex Minerals Corp. Shares Outstanding 187.39 M Listing (CAN) TSX.V: REX Options (avg. price $0.21) 12.5 M Listing (USA) OTCQB: ORMNF Warrants (avg. price $0.19) 32.58 M 52 Week High-Low $0.20 - $0.09 Fully Diluted Shares 232.46 M Current Price $0.0
Slide 5: Project Portfolio
Project Portfolio 3 Projects and 2 Joint Venture Partners MEXICO – SANDRA PROJECT Silver – Gold – Base Metals ….. JV with Pan American Silver MEXICO – CONETO PROJECT Gold – Silver ….. JV with Fresnillo PLC CANADA – JUMPING JOSEPHINE PROJECT Gold – Copper ….. 100% Orex 5
Slide 6: Durango Projects
Durango Projects Well Established History and Presence in Durango State ➢ In the heart of the “Mexican Silver Trend” which hosts some of world's largest silver deposits: ▪ Fresnillo ▪ Guanajuato ▪ La Pitarrilla ▪ La Preciosa ▪ Real de Angeles ▪ Zacatecas 6
Slide 7: Coneto Gold-Silver Project
Coneto Gold-Silver Project Durango, Mexico 7
Slide 8: Coneto Silver-Gold Project
Coneto Silver-Gold Project The Coneto Mining Camp A Window into the Lower Volcanic Series 8
Slide 9: Coneto Silver-Gold Project
Coneto Silver-Gold Project Coneto de Comonfort, Durango State, Mexico ➢ Located 100 km N of Durango, Mexico, in the prolific Mesa Central. ➢ JV Partner is Fresnillo Mining PLC. ➢ 45% ownership of ~4,800 hectares (11,860 acres) of mineral concessions. ➢ Coneto Mining Camp has over 450 years of mining
Slide 10: Coneto Silver-Gold Project: Select Diamond Drill Intercepts
Coneto Silver-Gold Project Select Diamond Drill Intercepts Core True From To Au Ag Ag-Eq Hole Vein Length Width (m) (m) (g/t) (g/t) (g/t) (m) (m) CC-10-12 Impulsora 109.40 123.90 14.50 13.65 0.94 48 105 Incl. 116.00 120.90 4.90 4.60 1.60 115 211 CC-10-20 Loma Verde 144.50 148.10 3.60 3.12 0.98 292 3
Slide 11: Excellent Metallurgical Recovery - Five Zones
Coneto Gold-Silver Project Excellent Metallurgical Recovery - Five Zones Average over 93% for Gold, with Highest at 98.5% 11
Slide 12: Coneto – Diamond Drill Core
Coneto – Diamond Drill Core 106 drill holes for 38,613 metres on 12 targets 12
Slide 13: Coneto – Diamond Drill Core: Oxide Mineralization
Coneto – Diamond Drill Core Oxide Mineralization 13
Slide 14: Coneto – Diamond Drill Core: Sulphide Mineralization
Coneto – Diamond Drill Core Sulphide Mineralization Hole BCO-11 – Sample # 324423 Au = 38.3 g/t – Ag = 4,990 g/t Cu = 1.39 % – Pb = 2.51 % – Zn = 3.51 % 14
Slide 15: Coneto – Resource Estimate Zones
Coneto – Resource Estimate Zones 15
Slide 16: Coneto – Resource Estimate
Coneto – Resource Estimate Coneto Project – First Inferred Mineral Resource Estimate Re: Machuca et al., 2021, SRK Consulting (Canada) Inc. Issue Date: October 20, 2021. Effective Date: August 30, 2021. Inferred Mineral Resource Zone Tonnes Au Ag Au-Eq Au Oz Ag Oz Au-Eq Oz (1000s) (g/t) (g/t) (g/t)
Slide 17: Sandra Silver-Gold Project
Sandra Silver-Gold Project New Life with Joint Venture Partnership ▪ A 60:40 Joint Venture between Pan American Silver and Orex Minerals ▪ Located north of Tepehuanes, Durango State, Mexico ▪ Land position covers 6,976 hectares (17,860 acres) 17
Slide 18: Sandra Project - Local Geology
Sandra Project - Local Geology Mapping now completed in Cerro Rojo Area Cerro Rojo Maria Fernanda Boleras Deposit Circular Structure - Caldera, diameter estimation: 9.1 km
Slide 19: Sandra Project - Structural Geology
Sandra Project - Structural Geology 2022 – Phase I and II Proposed Drilling Mapping now completed in Cerro R Area Maria Fernanda Boras Deposit
Slide 20: Sandra Silver-Gold Project: Boleras Deposit Selected Drill Intercepts
Sandra Silver-Gold Project Boleras Deposit Area Selected Drill Intercepts Hole From (m) To (m) Core Length (m) True Thickness (m) Ag (g/t) SA-15-001 1.00 62.00 61.00 43.13 359 SA-15-002 1.00 52.00 51.00 45.00 218 SA-15-003 1.00 54.00 53.00 40.60 139 SA-16-005 13.00 59.00 46.00 33.31 186 SA-16-006 13
Slide 21: Sandra: First Inferred Resource Estimate, Boleras Silver Deposit
Sandra Silver-Gold Project First Inferred Resource Estimate, Boleras Silver Deposit Base Case at 45 g/t Ag cut-off: 9.8 million tonnes grading 106 g/t Ag for a total of 33.3 million ounces of silver (Collins et al., 2016) (Effective date: 25 October 2016) Cut-off Tonnes Average Contained Silver Grad
Slide 22: Sandra Silver-Gold Project: Sample Cross Sections
Sandra Silver-Gold Project Sample Cross Sections 22
Slide 23: Examples of Sandra-Escobar Mineralization
Sandra Silver-Gold Project Examples of Sandra-Escobar Mineralization 23
Slide 24: Sandra Silver-Gold Project - Vista
Sandra Silver-Gold Project Sandra Silver-Gold Project - Vista Photo showing Burro Zone (Boleras Deposit) in foreground and Cerro Rojo in the distance Fine qtz veining and associated 24 San Francisco Ag-Pb-Zn operation (3rd Party) Sept 2019 Orex Core Shack at Sandra Project alteration at Boleras depo
Slide 25: Jumping Josephine Gold Project
Jumping Josephine Gold Project 100% ownership of 11,200 hectares (28,700 acres) in the West Kootenay Region, Southwestern BC, Canada ➢ NI 43-101-compliant resource estimate (cut-off of 0.5 g/t Au) that has defined 34,000 ounces of gold indicated (363,000 tonnes @ 2.95 g/t Au) and 30,000 ounces of go
Slide 26: Mineral Resource Summary
Mineral Resource Summary Orex – Mineral Resources by Project Project Tonnes Ag Au Ag Oz Au Oz AgEq Oz %- Orex (1000s) (g/t) (g/t) (1000s) (1000s) (1000s) Orex Share Indicated Resources J-J 363 2.95 34 2,582 100 2,582 Inferred Resources J-J 448 2.08 30 2,247 100 2,247 Sandra 9,800 106 33,300 33,300 4
Slide 27: Orex Advantage – Current Activities
Orex Advantage Orex – Current Activities ▪ Coneto – Excellent Metallurgical test results and Maiden Mineral Resource Estimate recently released. ▪ Coneto – SRK recommended a $US 6.4 million program. ▪ Sandra – Mapping and lithogeochemical program completed. ▪ Sandra – 2022 Diamond drilling program t
Slide 28: Orex Summary
Orex Advantage Orex Summary ▪ Three projects in two strong mining jurisdictions ▪ JV partnerships with two major silver producers ▪ Established presence in Durango State, Mexico, and examining new property submissions ▪ Strong technical team with ability to unlock value ▪ Management team experienced
Slide 29: Contact Information
Contact Information For More Information Contact: Ben Whiting, P.Geo. Alicia Ford President, CEO and Director Manager of Business Development 604-687-8566 403-604-9646 Orex Minerals Inc. (TSXV: REX | OTCQB: ORMNF) www.orexminerals.com info@orexminerals.com 29