AGM PRESENTATION – NOVEMBER 2017
IMPORTANT NOTICES AND DISCLAIMERS Nature of Document The purpose of this presentation is to provide general information about OreCorp Limited ( Company or OreCorp ) and includes information extracted from the Company’s announcement dated released to ASX (available at www.asx.com.au) including the Pre-Feasibility Study Results Announcement. 13 March 2017 entitled “Pre -Feasibility Study Demonstrates Significant Potential of Nyanzaga Gold Project” ( Pre-Feasibility Study Results Announcement ). It is information in a summary form and does not purport to be complete. It is to be read in conjunction with OreCorp's other announcements. No Advice or Offer This document does not constitute an offer, invitation, solicitation, advice or recommendation with respect to the issue, purchase, or sale of any securities or other financial products in OreCorp. It is not recommended that any person makes any investment decision in relation to the Company based solely on this presentation. This presentation does not necessarily contain all information which may be material to the making of a decision in relation to the Company. Any investor should make its own independent assessment and determination as to the Company’s prospects prior to making any investment decision, and should not rely on the information in this presentation for that purpose. This presentation does not involve or imply a recommendation or a statement of opinion in respect of whether to buy, sell or hold securities in the Company. The securities issued by the Company are considered speculative and there is no guarantee that they will make a return on the capital invested, that dividends will be paid on the shares or that there will be an increase in the value of the shares in the future. This presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or to any “US person” (as defined in Regulation S under the US Securities Act of 1933, as amended ( Securities Act ) ( US Person )). Securities may not be offered or sold in the United States or to US Persons absent registration or an exemption from registration. OreCorp's shares have not been, and will not be, registered under the Securities Act or the securities laws of any state or jurisdiction of the United States. This presentation is not for distribution directly or indirectly in or into the United States or to US Persons. The Company does not purport to give financial or investment advice. No account has been taken of the objectives, financial situation or needs of any recipient of this document. Recipients of this document should carefully consider whether the securities issued by the Company are an appropriate investment for them in light of their personal circumstances, including their financial and taxation position. This presentation is presented for informational purposes only. It is not intended to be, and is not, a prospectus, product disclosure statement, offering memorandum or private placement memorandum for the purpose of Chapter 6D of the Corporations Act 2001. Except for statutory liability which cannot be excluded, the Company, its officers, employees and advisers expressly disclaim any responsibility for the accuracy or completeness of the material contained in this presentation and exclude all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission there from. The Company accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this presentation or any other information made 2 available to a person nor any obligation to furnish the person with any further information.
DISCLAIMERS AND CAUTIONARY STATEMENTS Forward Looking Statements This presentation contains ‘forward -looking information’ that is based on the Company’s expectations, estimates and projections as of the date on which the statements were made. This forward-looking information includes, among other things, statements with respect to pre-feasibility and definitive feasibility studies, the Company’s business strategy, plans, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations, mineral reserves and resources, results of exploration and related expenses. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as ‘outlook’, ‘anticipate’, ‘project’, ‘target’, ‘likely’, ‘believe’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘would’, ‘could’, ‘should’, ‘scheduled’, ‘will’, ‘plan’, ‘forecast’, ‘evolve’ and similar expressions. Persons reading this news release are cautioned that such statements are only predictions, and that the Company’s actual future results or performance may be materially different. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to the risk factors set out in the Company’s Prospectus dated January 2013. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. The Company disclaims any intent or obligations to update or revise any forward-looking statements whether as a result of new information, estimates or options, future events or results or otherwise, unless required to do so by law. Cautionary Statements The Study referred to in this report is based on moderate accuracy level technical and economic assessments. The PFS is at a lower confidence level than a Feasibility Study and the Mineral Resource Estimate (MRE) which forms the basis for the PFS is not sufficiently defined to allow conversion to an Ore Reserve or to provide assurance of an economic development case at this stage; or to provide certainty that the conclusions of the PFS will be realised. The PFS includes a financial analysis based on reasonable assumptions on the Modifying Factors, among other relevant factors, and a competent person has determined that, based on the content of the PFS, none of the Mineral Resources may be converted to an Ore Reserve at this time. Further, the financial analysis in the PFS is conceptual in nature and should not be used as a guide for investment. 88% of the existing MRE is in the Indicated and Measured categories, with the balance of 12% classified in the Inferred category. There is a low level of geological confidence associated with Inferred mineral resources and there is no certainty that further exploration work will result in the determination of Indicated or Measured Mineral Resources. Furthermore, there is no certainty that further exploration work will result in the conversion of Indicated and Measured Mineral Resources to Ore Reserves, or that the production target itself will be realised. The consideration of the application of all JORC Modifying Factors is well advanced, including mining studies, processing and metallurgical studies and lodgement of the Environmental Impact Statement (EIS) with the National Environmental Council (NEMC). The Company believes it has a reasonable basis for providing the forward looking statements in this presentation. 3 All material assumptions on which the forecast financial information is based are set out in this presentation.
SIGNIFICANT ADVANCEMENT – PROJECT AND CORPORATE ▪ Nyanzaga Mineral Resource Estimate ( MRE ) 3.07Moz @ 4.03g/t gold ▪ Nyanzaga Gold Project ( Project ) Pre-Feasibility Study ( PFS or Study ) indicates; ➢ Average production expected to be 213koz pa ➢ Initial 12 year Life of Mine ( LOM ) ▪ Nyanzaga Definitive Feasibility Study ( DFS ) underway ▪ Rapidly evolving nickel-copper story at Akjoujt South Project in Mauritania ▪ Significant Moving Loop Electromagnetic ( MLEM ) anomalies identified ▪ Trenching program underway and follow up drilling in Q1 2018 ▪ Strong cash position of A$19M (as at 30 September) ▪ Actively seeking new business opportunities 4
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