Orogen Royalties Incorporation · TSXV:OGN
Orogen Royalties Incorporation — Orogen Royalties — Investor Presentation (December 2022)
25 slides from Orogen Royalties Incorporation's investor presentation, December 2022
Slide 1: The Organic Royalty Generator – Investor Presentation
THE ORGANIC ROYALTY GENERATOR INVESTOR PRESENTATION DECEMBER 2022 TSX.V:OGN | OTCQX: OGNRF OROGENROYALTIES.COM
Slide 2: Disclaimer
Disclaimer This presentation includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of historical facts, that address events or developments that Orogen Royalties (the "Company“) expects to occur, are forward looking st
Slide 3: A Unique Investment Proposition
QUALITY High quality, long-lived cornerstone royalty assets at Silicon and Ermitaño. A Unique GROWTH Investment Exposure to discovery through royalty and prospect generation portfolio Proposition STABILITY Debt free with cashflow from royalties Orogen Royalties is focused on and project sales. organ
Slide 4: A Two-Pronged Growth Strategy
A Two-Pronged Growth Strategy 1. EXPERTS IN PROJECT GENERATION 2. SELECTIVE ROYALTY ACQUISITION Augment royalty portfolio with Organic royalty creation through selective royalty acquisition partner-funded exploration Leverage geologic expertise of the Aim to operate Project Generation Project Genera
Slide 5: Operational and Financial Highlights
Operational and Financial Highlights FINANCIAL HIGHLIGHTS • 3Q-2022 revenue of $1.4 million including $1.2 million from Ermitaño royalty • Positive operating cash flow in Q1, Q2 and Q3 2022 • Debt free with $8.5 million in cash POSITIVE DEVELOPMENTS AT FLAGSHIP ROYALTIES • Growing production at Ermi
Slide 6: Corporate Snapshot
Corporate Snapshot SHARE OWNERSHIP SHARE STRUCTURE Market Cap 1 $88M Share Price 1 $0.49 Cash 2 $8.5M Shares outstanding 2 178.8M Warrants 2 22.9M Options 2 6.8M 1. As of December 14, 2022 2. As of September 30, 2022 WWW.OROGENROYALTIES.COM TSX.V:OGN | OTCQX: OGNRF 6
Slide 7: Leadership Team
Leadership Team MANAGEMENT Paddy Nicol Marc Tran Rosana Batista Marco LoCascio Laurence Pryer Ignacio Camarena President, CEO & Director Chief Financial Officer Corporate Secretary VP Corporate Development VP Exploration Exploration Manager DIRECTORS AND ADVISORS Justin Quigley Roland Butler Timothy
Slide 8: Flagship Gold Royalty Assets
Flagship Gold Royalty Assets PRODUCING ROYALTY MEDIUM TERM DEVELOPMENT ERMITAÑO (2.0% NSR) - SONORA, MEXICO SILICON (1.0% NSR) - NEVADA, USA • Owned by First Majestic • Owned by AngloGold Ashanti • Ramp up to commercial production in 2022; 9M-2022 royalty • Initial inferred oxide Resource of 3.4 mil
Slide 9: Royalty Value Dashboard - Ermitaño and Silicon
Royalty Value Dashboard - Ermitaño and Silicon ILLUSTRATIVE PERCEIVED POSITIONING Pure precious metals exposure Limited counterparty risk with Ermitaño in production as of and strong market appetite for strong asset operators (First 4Q21 Silicon PFS underway. gold royalties. Majestic & AngloGold Ash
Slide 10: Ermitaño – Overview
Ermitaño – Overview ROYALTY INTEREST ON 120 SQUARE Domain ktonnes Gold Silver Gold Silver KILOMETRES OF GROUND AT ERMITAÑO (g/t) (g/t) (Koz) (Moz) Operated by First Majestic P&P 2,789 3.67 52 329 4.7 Reserves M&I 2,617 4.79 67 403 5.7 Resources Note: Measured and Indicated Mineral Resources are repo
Slide 11: Ermitaño – Cash Flow Analysis
Ermitaño – Cash Flow Analysis1 ERMITAÑO LOM PRODUCTION SCHEDULE* Ermitaño LOM Units Total 2021 2022 2023 2024 2025 2026 2027 Total Ore Kt 2,835 77 384 629 669 486 380 210 Silver Grades g/t Ag 54 40 40 45 70 51 57 44 Gold Grades g/t Au 3.69 3.47 4.32 4.90 3.60 2.92 2.64 3.01 Silver Mined Moz 4.9 0.1
Slide 12: Ermitaño – Exploration Upside
Ermitaño – Exploration Upside Domain ktonnes Gold Silver Gold Silver (g/t) (g/t) (Koz) (Moz) Inferred 3,157 2.99 78 304 7.9 Resources • Substantial Inferred Resource offers opportunity to extend mine life by infill drilling • First Majestic recently announced the discovery of a second ore body calle
Slide 13: Silicon Gold Project
Silicon Gold Project OROGEN HOLDS A 1% NSR AT THE HEART OF AN EMERGING GOLD DISTRICT IN NEVADA OVERVIEW1 • Epithermal gold project • Extensive drilling by multiple companies has identified a string of deposits at Silicon, Merlin, Lynnda Strip and North Bullfrog • AngloGold has spent >$600 million to
Slide 14: Silicon Gold Project
Silicon Gold Project AN INITIAL PRODUCTION BASE FOR THE DEVELOPMENT OF THE SILICON DISTRICT CENTRAL SILICON • Initial Inferred oxide resource of 3.37 million ounces grading 0.87 gold • Prefeasibility study underway with a focus on open pit, heap leach development • Initial test work indicates good m
Slide 15: Silicon Gold Project
Silicon Gold Project OROGEN’S 1% NSR EXTENDS OVER AN AOI OF 79 SQ. KM MULTIPLE EXPLORATION TARGETS • Merlin zone has seen extensive drilling at the southern boundary of the Silicon property • Adjacent to the Lynnda Strip discovery made by Corvus Gold • Concept study with resource estimate for Merlin
Slide 16: >$70 Million – Organically Generated Royalties
Map is for illustrative purposes. 12 Organically Generated Royalties 3 BC, CANADA 1. BALL CREEK (0.5% NSR1) 2. HANK (3.0% NSR) 3. ONJO (2.0% NSR) 4. AXE (2.0% NSR) 4 >$70 MILLION NEVADA, USA being spent this year by project operators 5. SILICON (1.0% NSR) FLAGSHIP on Orogen Royalties 6. SOUTH ROBERT
Slide 17: Ermitaño: Case Study in Organic Royalty Generation
Ermitaño: Case Study in Organic Royalty Generation • Ermitaño acquired by Orogen in 2011 • Partnered to Inmet/FQM 2011-2014 • Partnered to Silvercrest in 2014 • First Majestic bought Silvercrest in 2015 • Orogen invested an estimated $100,000 into Ermitaño • Silvercrest and First Majestic together h
Slide 18: Active Joint Ventures
Active Joint Ventures PROPERTY PARTNER YEAR OPTIONED LOCATION METAL TERM Llano del Nogal Riverside Resource, BHP 2022 Sonora, Mexico Copper, Gold 1.0% production royalty + cash payments and exploration expenditure Pearl String Barrick Gold Corporation 2022 Nevada, U.S Gold 2.0% NSR royalty + cash pa
Slide 19: Appendix
Appendix WWW.OROGENROYALTIES.COM TSX.V:OGN | OTCQX: OGNRF 19
Slide 20: Directors & Advisors
Directors & Advisors Paddy Nicol, President, CEO & Director Paddy has over 25 years’ experience in public company and executive management serving on the boards of various mineral exploration companies. His primary focus has been on copper and gold exploration in the western cordillera of North Amer
Slide 21: Management
Management Marc Tran, Chief Financial Officer Marc Tran is a Chartered Professional Accountant (CPA, CGA) with over 20 years of finance leadership experience with public organizations. He has successfully completed over $100M of financing for mining projects and is an experienced strategic executive
Slide 22: Active Royalty Portfolio
Active Royalty Portfolio PROJECT % NSR LOCATION OWNER STATUS BUYDOWN PROVISION Silicon 1.0% Nevada, U.S.A AngloGold Ashanti NA Prefeasibility Study none South Roberts 1.0% Nevada, U.S.A Ivy Minerals Inc. Exploration none Kalium Canyon Up to 3.0% Nevada, U.S.A Green Light Metals Inc. Exploration 1% f
Slide 23: Active Royalty Portfolio (continued)
Active Royalty Portfolio (continued) PROJECT % NSR LOCATION OWNER STATUS BUYDOWN PROVISION Bukura 3% Kakamega County, Kenya Shanta Gold Limited Exploration none Sigalagala 3% Kakamega County, Kenya Shanta Gold Limited Exploration none Rosterman 3% Kakamega County, Kenya Shanta Gold Limited Explorati
Slide 24: Notes & Disclosures
Notes & Disclosures QUALIFIED PERSON The content of this presentation has been reviewed by Laurence Pryer, Exploration Manager, for the Company. Dr. Pryer. PGeo is a Qualified Person as defined under the terms of National Instrument 43-101 Standards of Disclosure for Mineral Projects. (“NI 43-101”).
Slide 25: Contacts
Contacts SCAN FOR MORE INFORMATION Paddy Nicol President & CEO paddy@orogenroyalties.com d: 604-248-8660 Marco LoCascio VP Corporate Development marco@orogenroyalties.com d: 201-725-2231 TSX.V:OGN | OTCQX:OGNRF www.orogenroyalties.com info@orogenroyalties.com
Orogen Royalties — Investor Presentation (December 2022) on 6ix