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TSX-V: ORG
Advancing a Leading
Development Project
in Africa
February 2018 | TSX-V: ORG
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
February 2018 | TSX-V: ORG
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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
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
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
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)
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
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:
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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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Experience in Mining Industry Former/Other Roles Achievements
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
in Exploration
Red Back Mining Inc.
VP Exploration
KEVIN ROSS
COO
Eur Ing, MBA, MIMMM
in Mine Operations
Red Back Mining Inc. ARCON International
COO
JEFF YIP
CFO
B,Comm., CPA, CA
in Finance
Corporate Controller British Columbia Led Red Back Mining
North & South America, Africa, Australia
Have Led Mining Operations in
Discovered CEO
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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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century
artisanal and small scale mining)
in the South Sudan
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%
Bisha VMS Sukhaybarat 0.89Moz Miskah 2.70Moz ArRjum 2.63Moz
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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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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
Supports Throughput
Previously Unknown Aquifer Only 20% of aquifer drilled to date 562km2
135km2
825km2
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
*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.
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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
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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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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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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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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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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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
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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Note: No top cut applied
13m at 13.88g/t
18m at 5.04g/t
31m at 6.08g/t
61m at 1.12g/t 30m at 5.03g/t
24m at 3.85g/t
17m at 12.19g/t
20m at 1.09g/t
Top of Fresh Rock
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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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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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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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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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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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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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ORG
Gold Project in Sudan
Morondo in Côte d’Ivoire
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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