Orezone Gold Corporation · TSX:ORE
Orezone Gold — Q1 2023 Earnings Presentation
14 slides from Orezone Gold's earnings presentation, May 2023
Slide 1: Bomboré: Burkina Faso's Newest Gold Mine
SS"OREZONE Bombore Burkina Faso’s Newest Gold Mine (All $ figures in this presentation are in USD unless otherwise noted) TSX: ORE OTCQX: ORZCF
Slide 2: Forward Looking Statements and Qualified Persons
Forward Looking Statements and Qualified Persons This presentation contains certain information that constitute “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward looking statements” within the meaning of applicable U.S. securities laws (toget
Slide 3: Bomboré: Q1-2023 Operation and Financial highlights
Bomboré: Q1-2023 © Q1-2023 Operation and Financial highlights * Gold production of 41,3010z * Gold sales of 43,1390z at an AISC of $926/oz * Plant operated “13% above nameplate * Zero lost-time injuries * Cash of $45.2M at quarter end * $9.8M of principal repaid on senior loans ® Advancing all growt
Slide 4: Health and Safety
Health and Safety & Solid Safety Record * Q1-2023: zero LTIs with 928,000 hours worked * 9.9 million hours and 1,612 days worked without a LT! & Ongoing safety initiatives * Emergency response training * Mine rescue training * Local community training & awareness 4 | Bomboré — Burkina Faso's Newest
Slide 5: Non-IFRS measure. See “Non-IFRS Measures” section in Orezone’s MD&A for the quarter ended March
1. Non-IFRS measure. See “Non-IFRS Measures” section in Orezone’s MD&A for the quarter ended March 31, 2023 for additional information.
Slide 6: The Bomboré Mine entered into commercial production on December 1, 2022. Unit cash costs
1. The Bomboré Mine entered into commercial production on December 1, 2022. Unit cash costs during pre- commercial production are not representative of cost performance expected under steady-state operations. Cost figures presented for Q4-2022 include a blend of costs before and during commercial pr
Slide 7: 2023 Guidance
1. AISC is a non-IFRS measure. See “Non-IFRS Measures” section in Orezone’s MD&A for the quarter ended March 31, 2023 for additional information. 2. Foreign exchange rates used to forecast cost metrics include XOF/USD of 625 and CAD/USD of 1.30. 3. Government royalties included in AISC assumes
Slide 8: Projects Update: Phase II Expansion Study
Projects Update: Phase II Expansion Study «© Updated Feasibility Study on schedule for Q3-2023 Study to include an additional 100,000m of drilling © Resource modeling well advanced, with mine design and planning now underway © Metallurgical studies nearing completion * — Results confirm more rapid l
Slide 9: Phase II: Brownfields Expansion
Phase II: Brownfields Expansion © 2019 Feasibility Study Brownfields Expansion — 2023 FS 5.2Mtpa oxide plant reduced to 3.0Mtpa in Year 3 } Current 5.7Mtpa oxide throughput maintained 2.2Mtpa hard rock plant construction in Year 2 Separate 4.4Mtpa hard rock plant contemplated Hard:Rock Exp ie | Bomb
Slide 10: Projects Update
Projects Update Grid Power Connection All long lead equipment orders placed Installation contracts awarded and mobilization has commenced Powerline alignment survey completed Ground clearing for 23km spur line to commence in May Grid power connection scheduled for Q4-2023 Future energy savings estim
Slide 11: Community agriculture and livelihood programs
Vegetable garden MV3, MV4, MV5 Natinga Agro-Pastoral Complex Natinga 3.4ha rice paddy farm developed Longrin Land restoration Nobsin, MV4, MVS Fertilizer and improved seeds donation Nobsin, MV4 MV5 Community nursery MV4, MV5,MV2, Nobsin, BV1 Poultry project Ipala, MV4,&MV2 Sheep fattening MV5,MV4, B
Slide 12: Livelihood Restoration Programs
Livelihood Restoration Programs ®& Income generating activities Weaving MV4, MV5, MV3, MV2, BVI, 102 BV2 Cosmetic (Body Lotion &Soap) | Nobsin & MV2 61 Spices 1 cooperative (MV2) 42 Tailors (For OBSA safety MV4, MV5, MV3, MV2, BV1, 45 uniform) BV2, Nobsin ® Local suppliers promotion Mobile equipment
Slide 13: Project timeline and upcoming milestones
2021 2022 2023 2024 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Phase I - Oxide Plant Construction First Gold 2023 Results & Projects Drill Results Updated FS Grid Power Connection Phase II & III RAP Phase II - Hard Rock Plant FEED/Procurement Construction First Gold
Slide 14: For more information on Orezone, please contact
NS OREZONE For more information on Orezone, please contact: Vanessa Pickering vpickering@orezone.com 604-202-2940 www.orezone.com