Oriole Resources Plc · LSE:ORR
Oriole Resources — Investor Presentation (November 2020)
17 slides from Oriole Resources's investor presentation, November 2020
Slide 1: Senala: Oriole's Prime Position in a Richly Endowed Mining District
SENALA: ORIOLE’S PRIME POSITION IN A RICHLY ENDOWED MINING DISTRICT NOVEMBER 2020
Slide 2: Disclaimer
DISCLAIMER This presentation and any additional documents handed out at any meeting or provided directly to potential investors (together the “Presentation Materials”) have not been approved by (i) the London Stock Exchange or by any authority which could be a competent authority for the purposes of
Slide 3: Experienced Board and Management Team
EXPERIENCED BOARD AND MANAGEMENT TEAM JOHN MCGLOIN Non-Executive Chairman ▪ Geologist and graduate of Camborne School of Mines ▪ Worked for many years in the mining industry before moving into consultancy ▪ John served as the Chairman and CEO of Amara Mining plc until 2016 when it was sold for US$85
Slide 4: Investment Opportunity
INVESTMENT OPPORTUNITY Oriole has a strong management team and the relevant expertise to deliver value for shareholders ✓ Early-stage exploration in Cameroon ✓ First-mover advantage ✓ Cameroonian government promoting foreign investment ✓ Well-connected local partner ✓ Encouraging results across both
Slide 5: Senegal – The Rising Star of West Africa
SENEGAL – THE RISING STAR OF WEST AFRICA Stable democracy with proven governmental support for mining projects Favourable mining code, recently updated in 2016 – transparent legislation focused on promoting foreign investment whilst protecting stakeholder rights through its social engagement framewo
Slide 6: Highly Prospective Geology
HIGHLY PROSPECTIVE GEOLOGY Birimian ‘greenstone’ rocks exposed in the >45 Moz gold Kédougou-Kéniéba Inlier (‘KKI’) – a geological endowment1 window into Palaeoproterozoic terranes of the West African Craton SENEGAL Sadiola 7.7Moz Deep-seated crustal structures that have enabled sustained periods of
Slide 7: Senala Project
SENALA PROJECT 472.5 km2 exploration licence in centre of the KKI Mine/Development Project Licence tenure recently secured for up to a further 10 years1 -held within 85%-owned local subsidiary Stratex-EMC Initial 33,400 m RAB/AC drilling programme intersected multiple mineralised zones2 Over 10,000m
Slide 8: IAMGOLD JV
IAMGOLD JV As of March 2018, IAMGOLD is spending US$4M on exploration over 4 years to acquire 51% - option to increase to SENEGAL 70% for further US$4M over 2 years1 Loulo (8.8 Moz) IAMGOLD currently developing neighbouring 2.5Moz Boto gold SENALA project: • Feasibility study completed in October 20
Slide 9: Faré Prospect – What We Know So Far
FARÉ PROSPECT – WHAT WE KNOW SO FAR… System hosted by north-east trending shear zone With east-north east cross-cutting structure and a north- west structural corridor (denoted by breccia) over the key zone, which ties-in to a more regional structural corridor Historical drilling returned several or
Slide 10: Senala – Open-Pit Resource Potential
SENALA – OPEN-PIT RESOURCE POTENTIAL* Multi-gramme intersections close to surface1 100m Mineralisation over significant zones 80m of up to 100m wide Depth of oxidation up to 80m below surface locally – good for gold recovery and low-cost mining Metallurgical properties are expected to be similar (th
Slide 11: Senala – Year 3 Work Programme at Faré (Pt. 1)
SENALA – YEAR 3 WORK PROGRAMME AT FARÉ (PT. 1)1 Initial programme of c.10,000m AC drilling underway to define and confirm areas of anomalism2 1,300m already completed, with full results for the programme anticipated in Q1-20203 1Announcement dated 9 November 2020 Page 11
Slide 12: Brief Segue into Importance of Regolith
BRIEF SEGUE INTO IMPORTANCE OF REGOLITH… Lateritic cover and deep weathering profile (up to 10 metres) can lead to poor exposure at surface and non-representative sampling results Potential for transported materials in the top few meters can lead to false positive and false negatives AC drilling tes
Slide 13: Senala – Year 3 Work Programme at Faré (Pt. 2)
SENALA – YEAR 3 WORK PROGRAMME AT FARÉ (PT. 2)1 Subject to results of AC drilling, 5,000m follow-up RC drilling to test key anomalies 1,000m diamond drilling also planned to evaluate previous best results, to help understand structural and geological control of the mineralisation 1,000m diamond dril
Slide 14: Expected News Flow from Senegal Over Next 6 Months
EXPECTED NEWS FLOW FROM SENEGAL OVER NEXT 6 MONTHS1* Results from IAMGOLD-funded Year 3 AC drilling programme at Faré – results expected Q1-2021, will define geochemical footprint of the system and any continuity between the currently-identified zones Gounkoto SENALA (3.7 Moz) Continued infrastructu
Slide 15: Why Is Senala Important to Oriole?
WHY IS SENALA IMPORTANT TO ORIOLE? Large land position in highly-endowed KKI, with multiple multi- million ounce deposits nearby – including IAMGOLD’s 2.5Moz SENALA: located Boto gold project, located within 10km of the southern part of within a golden the licence corridor Standalone potential at Fa
Slide 16: Contacts
CONTACTS Oriole Resources PLC Tim Livesey, Bob Smeeton, Claire Bay +44 (0) 207 830 9650 Grant Thornton (NOMAD) +44 (0) 207 383 5100 Samantha Harrison Seamus Fricker Shard Capital Partners LLP (Broker) +44 (0) 20 186 9900 Damon Heath Erik Woolgar Isabella Pierre Blytheweigh (Financial PR) +44 (0) 207
Slide 17: Competent Persons Statement
COMPETENT PERSONS STATEMENT The Technical Information relating to Exploration Results and Targets in this presentation has been prepared by Claire Bay, an employee of the Company, who is a Competent Person as defined by the JORC Code 2012 Edition. The information is extracted from various source rep
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