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Advancing a Leading Development Project in Africa February 2018 | - - PowerPoint PPT Presentation

TSX-V: ORG TSX-V: ORG Advancing a Leading Development Project in Africa February 2018 | TSX-V: ORG 1 1 Forward-Looking Disclaimer TSX-V: ORG This presentation contains forward-looking information and forward-looking statements within


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TSX-V: ORG

Advancing a Leading

Development Project

in Africa

February 2018 | TSX-V: ORG

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Forward-Looking Disclaimer

This presentation contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws, including statements regarding Orca Gold Inc.’s (the “Corporation”, “we” or “our”) plans and expectations relating to the Block 14 project (“Block 14”) in northern Sudan, the updated preliminary economic assessment on Block 14 and the Feasibility Study (“FS”) currently being conducted by the Corporation. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Statements concerning mineral resource estimates may also be deemed to constitute “forward-looking statements” to the extent that they involve estimates of the mineralization that will be encountered if the property is developed. The assumptions, risk and uncertainties outlined below are non-exhaustive. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of the Corporation, or industry results, may vary materially from those described in this presentation. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as “expects”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “potential”, “possible” or variations thereof or stating that certain actions, events, conditions or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements and forward-looking information are not guarantees of future performance and are based upon a number of estimates and assumptions of management at the date the statements are made including without limitation, assumptions about the following (the “Forward-Looking Factors”): future prices of gold and other metals; successful exploration, development, and production of Block 14; the timing and completion of the FS; performance of contractual obligations by counterparties; operating conditions; political stability; obtaining governmental approvals and financing on time; financial projections and budgets; obtaining licenses and permits; government regulation of the Corporation’s mining activities; environmental risks and expenses; market conditions; the securities market; price volatility of the Corporation’s securities; currency exchange rates; foreign mining tax regimes; insurance and uninsured risks; financial projections and results; competition; availability of sufficient capital, infrastructure, equipment and labour; dependence on key personnel; dependence on outside parties; conflicts of interest; litigation; land title issues; local community issues; estimation of mineral resources; realization of mineral resources; timing and amount of estimated future production; the life of Block 14; reclamation obligations; changes in project parameters as plans continue to be evaluated; and anticipated costs and expenditures and our ability to achieve the Corporation’s goals. While we consider these assumptions to be reasonable, the assumptions are inherently subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies, many of which are based on factors and events that are not within the control of the Corporation and there is no assurance they will prove to be correct. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation known and unknown risks, uncertainties and other factors relating to the Forward-Looking Factors above, and those factors disclosed under the heading “Risk Factors” in the Corporation’s documents filed from time to time with the securities regulators in the provinces of Canada. In addition, a number of other factors could cause the actual results, performance or achievements of the Corporation to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, and there is no assurance that the actual results, performance or achievements of the Corporation will be consistent with them. For further details, reference is made to the risk factors discussed or referred to in the Corporation’s annual and interim management’s discussion and analyses on file with the Canadian securities regulatory authorities and available electronically on the SEDAR website at www.sedar.com. Although the Corporation has attempted to identify important factors that could cause actual actions, events, results, performance

  • r

achievements to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause actions, events, results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such

  • statements. Such forward-looking statements and information are made or given as at the

date of this presentation and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events

  • r otherwise, except as required under applicable securities law. The reader is cautioned not

to place undue reliance on forward-looking statements or forward-looking information.

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TSX-V: ORG Team with Track Record of Success: former management team of Red Back Mining Highly prospective portfolio of gold projects in Sudan and Côte d’Ivoire (CDI)

Emerging Gold Producer in Africa

NEW! Jan 2018 Mineral Resource Estimate: Indicated: 72.7Mt at 1.30 g/t Au for 3.05 Moz of Au Inferred: 19.8Mt at 1.2 g/t Au for 0.75 Moz of Au High-Grade Discovered Outside

  • f Current Resource: 30.8m at

9.67 g/t (Wadi Doum) and 24 m at 3.89 g/t and 10m at 15.32 g/t (Liseiwi) U.S. Treasury Removed Sanctions on the Sudan on Oct 12, 2017 Confirmed Discovery at Morondo Property in Côte d’Ivoire Feasibility Study:

Q2 2018

Feasibility Study at at Block 14 based on:

6 Mtpa

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Corporate Overview

Issued & Outstanding Shares 153M Options (Avg. Strike Price: $0.31) 11M Warrants (Strike Price: $0.55) 19M MCap (as at Jan 24, 2018) $104M Zebra Holdings/Lorito 16.9% Ross Beaty 9.3% Management & Board 11.4%

MAJOR SHAREHOLDERS SHARE STRUCTURE (CDN$)

Drill Program Ongoing at Block 14

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Management Team

30+ years

Experience in Mining Industry Former/Other Roles Achievements

$9.2 B

Red Back Mining Inc.

President and CEO

Acquisition by Kinross in 2010

RICK CLARK

CEO

B.A., LLB

HUGH STUART

President

B.Sc (Hons), M.Sc, FGS

30+ years

in Exploration

30+ Moz

Red Back Mining Inc.

VP Exploration

  • f Gold in Africa

KEVIN ROSS

COO

Eur Ing, MBA, MIMMM

40+ years

in Mine Operations

Red Back Mining Inc. ARCON International

COO

JEFF YIP

CFO

B,Comm., CPA, CA

10 years

in Finance

CPA Member Lundin Group

Corporate Controller British Columbia Led Red Back Mining

North & South America, Africa, Australia

Have Led Mining Operations in

Discovered CEO

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Board Of Directors

RICK CLARK

CEO

B.A., LLB

HUGH STUART

President

B.Sc (Hons), M.Sc, FGS

SIMON JACKSON

Chairman

B.Comm., FCA

25 years

in M&A & Corporate Finance

Beadell Resources Ltd. Red Back Mining Inc.

VP Corporate Development Managing Director & CEO

40+ years

in Mining Industry

BOB CHASE

CPA, CA Non-Exec

Senior Board Member

for a Number of Public Companies

Red Back Mining Inc.

Director

25 years

in Evaluating, Investing & Financing Mining Projects

DAVID FIELD

Bec(H)/BSc ANU Non-Exec

Global Basic Materials Group

10 Years as Head at Bankers Trust Financial Group

Invested $10+B

in the Commodities Sector at Carmignac Gestion

30+ years

in Mining Industry

DEREK WHITE

B.Eng, CA Non-Exec

KGHM International Ltd.

President & CEO

Traxys Capital Partners LLP

Principal

ALEX DAVIDSON

Lead M.Sc(Econ. Geol.), B.SC, P.Geo

40+ years Prospector of the Year

Executive VP Exploration & Corporate Development 2013 in Gold & Base Metal Exploration

Barrick Gold

Experience Former Roles Achievements

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About Sudan

  • Highly prospective geology and under explored
  • Currently hosting the largest gold rush in the last

century

  • Gold endowment – +100t produced in 2017 (100%

artisanal and small scale mining)

  • 2nd largest gold producing country in Africa
  • One of the most stable governments in Africa
  • Safe and easy to work – conflict is 1,500 km south

in the South Sudan

  • DEVELOPMENT: U.S. lifted economic sanctions on

October 12, 2017

100km

Block 14 Project 2,170km2 concession

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Sukari 15Moz Tahe O.5Moz Managem 3.9Moz Hassai VMS Zara 0.84Moz Bulghah 2.01Moz Mahd Ad’Dahab 0.77Moz Masarrah 1.57Moz Ad Duwayhi 2.4Moz Mansourah 3.05Moz Al Amar 1.12Moz

Ownership Interest Current After Development Decision Orca 70% 70% Local Partner 30% 10% Government 0% 20%

Project Overview : Block 14

  • 7% royalty
  • 15% corporate tax

Bisha VMS Sukhaybarat 0.89Moz Miskah 2.70Moz ArRjum 2.63Moz

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Block 14 Concession – 2,170 km2

Water Pipeline 85 km (downhill)

Open Open Open Railway

AREA 5 - Fresh Water Resource Current Area 135km2

Haul Road 65km

Galat Sufar South (GSS) Indicated: 2,839Koz Inferred: 670Koz Wadi Doum Indicated: 208koz Inferred: 82koz 20 km

N

Egyptian Border 35km

Nubian Sandstone Formation

Priority Target: Liseiwi

Access Road

Abu Hamad River Nile

Water Exploration Borehole Pipeline Route Block 14 Tenement Resource Water Production Borehole

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Feasibility Study Underway

 Water Exploration Drilling  Water Aquifer Modelling  Mining Throughput Study  FS Throughput Decision  Pit Geotechnical Drilling  Plant and TSF Geotechnical Drilling  Metallurgical Test Work  Resource Update  Environmental  Resource Expansion Drilling (Ongoing)  Pit Optimization, Design, Mine Schedule  Engineering  Completion of Feasibility Study (Q2 2018)

       

CONTRIBUTORS:

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10 km Sandstone Basin

Sandstone Basement Contact

Open Open

  • Measured Water Resource of 80-100Mm3 *
  • 17 Exploration and 4 Production Wells
  • Supports 12,500m3/day for Life of Mine
  • Water is Fresh

Supports Throughput

  • f

New Water Resource Sufficient for LOM at 6Mtpa

Previously Unknown Aquifer Only 20% of aquifer drilled to date 562km2

135km2

825km2

6.0

Mtpa

Geophysical Survey Size Aquifer Target Size Drilled Resource Area *As defined by GCS Water and Environmental Consultants Ltd

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Category Mt Au g/t Koz Indicated Resource 72.70 1.30 3,047 Inferred Resource 19.78 1.2 752 Prospect Category Mt Au g/t Koz GSS Indicated 69.47 1.27 2,839 Inferred 17.77 1.2 670 Wadi Doum Indicated 3.17 2.05 208 Inferred 2.01 1.3 82

NI 43-101 Feasbility Study Resource Estimate

*Mineral Resource estimate completed by MPR Geological Consultants, Perth and reported at 0.60g/t Au cut-off as per press release January 29, 2018. Slight discrepancy in numbers due to rounding. Based on 98,754m of drilling in 688 holes.

  • Indicated resources increase by 25% or 606 Koz of gold
  • 540koz in new Inferred resources defined
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GSS Main & East Zone: Plan View of Revised PEA Pits

GSS: Main Zone GSS: East Zone MZ Section EZ Section 1 500m

N

EZ Section 2

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GSDD047 GSDD042

1a 1b 1c 2a 2b 2c 3

GSDD011A

50 100 Km

Geology GSS Main Zone Section

Intercepts # m g/t Au 1a 10.9 2.76 1b 20.9 3.31 1c 50 2.75 2a 42 2.08 2b 11 4.90 2c 48 2.76 3 48 2.27

Andesite Altered Sediment Un-altered Sediment K Feldspar Altered Diorite Quartz Veins Silica Replaced Rock Dolerite Dyke Foliated Quartz Sericite Pyrite Schist Previous Drill Program Results Current Drill Program Results Planned Drill Holes Drill Holes Revised PEA Pit Outline

# #

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Block Model: GSS Main Zone Section

0.20 to 0.50g/t 0.50 to 1.00g/t 1.00 to 3.00g/t +3.00/t Indicated Resources Inferred Resources

100m

Revised PEA Pit Design

Indicated Resources Expanded Below Revised PEA Pit

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Geology: GSS East Zone Section 1

1 2 50 100 m

GSDD048 GSDD045

Andesite Altered Sediment Un-altered Sediment K Feldspar Altered Diorite Quartz Veins Silica Replaced Rock Dolerite Dyke Foliated Quartz Sericite Pyrite Schist Current Drill Program Results Planned Drill Holes Drill Holes Revised PEA Pit Outline

#

Intercepts # m g/t Au 1 82 2.2 2 162 2.01

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Block Model: GSS East Zone Section 1

0.20 to 0.50g/t 0.50 to 1.00g/t 1.00 to 3.00g/t +3.00/t Indicated Resources Inferred Resources

100m

Revised PEA Pit Design

Indicated Resources Expanded Below Revised PEA Pit

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Geology: GSS East Zone Section 2

GSDD017

Andesite Altered Sediment Un-altered Sediment K Feldspar Altered Diorite Quartz Veins Silica Replaced Rock Dolerite Dyke Foliated Quartz Sericite Pyrite Schist Previous Drill Program Results Current Drill Program Results Planned Drill Holes Drill Holes Revised PEA Pit Outline

GSDD023 GSDD021 GSDD028

50 100 Km Intercepts # m g/t Au 1a 6.0 2.38 1b 14.9 1.23 1c 88.0 1.80 2a 45.4 2.34 2b 30.5 1.42 3a 62.0 3.06 3b 42.8 1.98 4a 27.7 1.49 4b 30.0 1.26 4c 26.1 1.20 5 109.0 1.56 6 121.0 1.14 7 184.0 1.95 8 119.0 1.37 9 90.0 2.17 10 107.0 1.16 11 16.0 0.80 12 129.0 1.55 13a 143.0 1.84 13b 28.0 2.14 14a 112.0 1.61 14b 25.0 2.58 14c 19.4 2.09 15 98.0 2.09 16 44.0 1.16 17 44.8 2.87 18 62.0 1.67 1a 5 1b 1c 2a 2b 3a 3b 4a 4b 4c 6 7 8 9 10 11 12 13a 13b 15 16 18 14a 14b 14c 17

# #

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Block Model: GSS East Zone Section 2

0.20 to 0.50g/t 0.50 to 1.00g/t 1.00 to 3.00g/t +3.00/t Indicated Resources Inferred Resources

Revised PEA Pit Design Indicated Resources Expanded Below Revised PEA Pit

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N

Wadi Doum

Wadi Doum Plan View

  • Mineralisation remains
  • pen in all directions
  • Significant high grades

intersected

0.50 to 1.00g/t 1.00 to 3.00g/t >3.00g/t 0.20 to 0.50g/t

Au Grades:

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Wadi Doum: High Grade Intercepts

Note: No top cut applied

13m at 13.88g/t

  • Incl. 5m at 36.77g/t

18m at 5.04g/t

  • Incl. 7m at 10.44g/t

31m at 6.08g/t

  • Incl. 12m at 11.53g/t

61m at 1.12g/t 30m at 5.03g/t

  • Incl. 14m at 8.56g/t

24m at 3.85g/t

  • Incl. 5m at 10.45g/t

17m at 12.19g/t

  • Incl. 5m at 38.86g/t

20m at 1.09g/t

Top of Fresh Rock

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Block Model: Wadi Doum Section

0.20 to 0.50g/t 0.50 to 1.00g/t 1.00 to 3.00g/t +3.00/t Indicated Resources Inferred Resources

100m

Revised PEA Pit Design

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Exploration Upside

Liseiwi + other targets

20 km

N

EG2.2: 3m at 8.73g/t

Area 3A: 20m at 9.90g/t NE Target: 17m at 6.68g/t

Wadi Doum:

Four distinct high-grade shoots with grade at or below the pit shell

GSRC691: 14m at 13.37g/t GSRC542: 30m at 8.06g/t GSRC615: 27m at 5.47g/t MET004DD: 30.8m at 9.67g/t

Liseiwi:

High-grade discovery in 2016

GSRC595: 24m at 3.89g/t GSRC596: 10m at 15.32g/t GSRC599: 8m at 12.80g/t

Resource Prospect

GSS Main Zone Footwall Structure and 320 Zone Shoots:

MET007DD: 20m at 7.18g/t GSRC001: 17m at 4.72g/t GSRC082: 8m at 23.58g/t GSRC003: 19m at 13.6g/t GSRC081: 16m at 17.97g/t GSRC183: 7m at 9.67g/t

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Project Timeline

Milestones and upcoming catalysts

2018 2019 2020

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FS Permitting Construction Block 14 CDI

Exploration Development

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New Project Côte d’Ivoire

Orca Acquires Côte d’Ivoire Property Portfolio from Kinross

5.5% of Orca Gold 2% NSR on CDI Properties

Kinross will own:

3 Exploration Permits 7 Applications

Total 2,890km2 MORONDO:

Orca drilling confirms discovery made by Red Back in 2010

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Côte d’Ivoire A Strategic Land Package

COTE D’IVORE

Guinea Ghana Liberia Atlantic Ocean Mali Burkina Faso

Sissingue Angovia/Yaoure Bonikro Afema Chirano Ahafo Akyem Morondo Permit Tongon Batie West Obuasi Tarkwa Syama Edikan Orca Application Korokaha South Application Banfora Bassawa Permit Satama Application Zuénoula Est Application Zuénoula Ouest Application Nzema Agbaou Ity Orca Application Orca Application Korokaha North Permit

100 km N

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Côte d’Ivoire: Morondo

19m at 1.35g/t 32m at 1.23g/t 50m at 1.12g/t 5m at 1.15g/t 6m at 0.85g/t 94m at 1.12g/t 5m at 1.10g/t 3m at 0.96g/t 9m at 1.85g/t 6m at 0.71g/t 8m at 0.73g/t 13m at 0.93g/t 34m at 1.13g/t 48m at 1.62g/t 27m at 1.02g/t 36m at 1.39g/t 7m at 1.11g/t 30m at 1.00g/t 24m at 1.39g/t 6m at 0.57g/t 2017 Hole with Intercept Red Back Drill Holes

Wide Zones of Mineralisation From Surface 200m

7m at 1.71g/t 6m at 0.80g/t 8m at 0.96g/t

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Investment Summary

  • Proven Management
  • Strategic Shareholders
  • Strong Balance Sheet
  • FS due Q2 2018 for Block 14

Gold Project in Sudan

  • Fast-tracking Discovery at

Morondo in Côte d’Ivoire

  • Strong Government Relations
  • Stable Operating Environment
  • Economic Sanctions Lifted as
  • f Oct 12,2017

Advancing a Leading Development Project in Africa Exploration Upside from Prospective Portfolio of Projects Developing in Stable and Robust Operating Environments

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  • rcagold.com

TSX-V: ORG

THANK YOU!

2000-885 West Georgia St. Vancouver BC V6C 3E8 Elina Chow | Investor Relations Catch Advisory Group Inc. +1 416 645 0935 x 226 info@orcagold.com