Discover Organic Royalty Generation INVESTOR PRESENTATION AUGUST 2020 WWW.OROGENROYALTIES.COM WWW.OROGENROYALTIES.COM TSX.V:OGN TSX.V:OGN
Forward Looking Information This presentation includes certain statem ents that m ay be deem ed "forward looking statem ents". 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 statem ents. Forward looking statem ents are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estim ates", "projects", "potential"and sim ilar expressions, or that events or conditions "will", "would", "m ay", "could" or "should" occur. Although the Com pany believes the expectations expressed in such forward looking statem ents are based on reasonable assum ptions, such statem ents are not guarantees of future perform ance and actual results m ay differ materially from those in the forward looking statem ents. Factors that could cause the actual results to differ m aterially from those in forward looking statem ents include m arket prices, exploitation and exploration successes, and continued availability of capital and financing, and general econom ic, m arket or business conditions. Investors are cautioned that any such statem ents are not guarantees of future perform ance and actual results or developments m ay differ m aterially from those projected in the forward looking statem ents. Forward looking statem ents are based on the beliefs, estim ates and opinions of the Com pany's m anagement on the date the statem ents are m ade. Except as required by securities laws, the Com pany undertakes no obligation to update these forward looking statem ents in the event that m anagem ent's beliefs, estim ates or opinions, or other factors, should change. 2
Discover Orogen OROGEN PROVIDES AN OPPORTUNITY TO INVEST IN THE EARLY STAGES OF OROGEN PROVIDES AN OPPORTUNITY TO INVEST IN THE EARLY STAGES OF A GOLD ROYALTY COMPANY, MAXIMIZING POTENTIAL INVESTMENT UPSIDE. A GOLD ROYALTY COMPANY, MAXIMIZING POTENTIAL INVESTMENT UPSIDE. Orogen is a new gold royalty com pany, created from the m erger of two well established exploration com panies: Evrim Resources and Renaissance Gold. Orogen’s m ission is to create create and and acquire acquire precious precious metal metal royalties royalties using its strengths as a prospect generator, as well as its established business relationships across the mining industry . Organic royalty royalty generation generation will be driven by existing joint ventures and alliances and through generative exploration . 3
Understanding Gold Royalties Mining com panies sell refined gold produced from their m ines and royalty com panies get a percentage of that revenue m inus transportation, insurance, refining and sm elting costs. This type of royalties is known as net sm elter return (NSR) royalties. As a gold royalty com pany, Orogen will be able to benefit from gold production and inherent exploration potential on royalty projects without incurring the potential risks and costs that m iners undertake on infrastructure or operating costs. This allows Orogen to allocate our capital towards additional royalty creation and growth. 4
Different From Other Gold Royalty Companies WE ARE WE ARE WE GENERATE WE GENERATE WE ACQUIRE WE ACQUIRE MINERAL MINERAL ROYALTIES ROYALTIES ROYALTIES ROYALTIES EXPLORERS EXPLORERS ORGANICALLY ORGANICALLY STRATEGICALLY STRATEGICALLY Orogen’s exploration team s are Our exploration program s are Orogen searches for existing “boots on the ground”, with funded by joint venture royalties in a strategic m anner expertise covering geological partners. When a discovery is by seeking out royalties that areas that are known for m ade, our partners have the have a better chance of going hosting rich m ineral deposits. right to acquire a project in into production. We utilize our Our exploration team s are exchange for a royalty, cash technical and business based in Vancouver, Canada, and/ or shares, and a possible developm ent knowledge in Nevada, U.S.A. and Herm osillo, m inority equity interest. areas where we operate and Mexico. elsewhere to acquire strategic royalties. 5
Near Term Revenue Flagship ERMITAÑO ERMITAÑO (2% NSR) - SONORA, MEXICO Gold • Owned by First Majestic Silver Corp. • PFS Q2 2021 1 Royalty • Production planned for 2021 1 Category Category Tonnes Tonnes Gold Gold Silver Silver Contained Contained Contained Contained (k) (k) (g/t) (g/t) (g/t) (g/t) Gold (koz) Gold (koz) Silver (Moz) Silver (Moz) Assets Indicated 2,107 4.59 70 311 4.73 Inferred 3,733 3.08 58 370 6.98 Medium Term Development SILICON SILICON (1% NSR) - NEVADA, USA • Owned by AngloGold Ashanti • Phase 1 permit allows for construction of 109 drill sites • Over 19,000 metres drilling completed • Expanded drilling program in 2020 1. Information announced by First Majestic ion July 15, 2020. 2. Indicated and Inferred Resources from First Majestic news release, March 30, 2020 6
NEVADA SOUTH ROBERTS SOUTH ROBERTS (1% NSR) SONORA CUMOBABI CUMOBABI (1.5% NSR 1 ) Adjacent to Ermitaño project LA LOLA LA LOLA (2% NSR 2 ) CUMARO CUMARO (1% NSR 2 ) Additional Gold Royalties ADDITIONALLY, OROGEN ADDITIONALLY, OROGEN Long Term Value Creation HAS FOUR PRECIOUS HAS FOUR PRECIOUS METAL ROYALTIES IN METAL ROYALTIES IN ARGENTINA ARGENTINA (1% NSR each) 1. Cumobabi royalty subject to underlying agreement where EVM retains 1.5% NSR on first 2 years of production and 1% thereafter 2. Half of the La Lola 2% NSR may be purchased for US$1.75 million, and half of the Cumaro 1% NSR may be purchased for US$1.0 million. 7
Active Joint BALL CREEK BALL CREEK • British Columbia’s Golden Triangle Ventures • Copper-Gold Porphyry SPRING PEAK SPRING PEAK • Nevada • Low sulfidation gold mineralization JUPITER JUPITER YAMANA EXPLORATION YAMANA EXPLORATION ALLIANCE ALLIANCE • Nevada • Epithermal mineralization and Carlin-type gold mineralization • Three-year agreement with Meridian Gold Co., a subsidiary of Yamana Gold MAGGIE CREEK MAGGIE CREEK • The Alliance allows Orogen royalty -free • Nevada access to Yamana’s dataset in the western • Carlin-type mineralization in the heart of the Carlin Trend United States for gold and base metal project generation . 8
Share Structure $13.5M Cash 170.5M Shares outstanding 23.3M Warrants Retail 12.4M Options Altius Adrian Day Asset Managem ent *As at 31/05/2020 Insiders Sprott Asset Managem ent Newm ont 9
Appendix 10
Ermitaño EXCELLENT SHORT EXCELLENT SHORT - TERM ASSET TERM ASSET CRYSTALLIZATION PROVIDING REVENUE FOR CRYSTALLIZATION PROVIDING REVENUE FOR AT LEAST EIGHT YEARS AT LEAST EIGHT YEARS Gold Project • Low -sulphidation epithermal gold project located Sonora, Mexico Owned by First Majestic Silver, Orogen Owned by First Majestic Silver, Orogen • Indicated resource : 2,107,000 tonnes averaging 4.59 grams per retains 2% NSR retains 2% NSR tonne (“g/t”) gold and 70 g/t silver for 311,000 ounces of contained gold and 4.73 million ounces of contained silver 1,2 • Inferred resource of 3,733,000 tonnes averaging 3.08 g/ t gold and 58 g/ t silver for 370,000 ounces of contained gold and 6.98 m illion ounces of contained silver 1,2 • First Majestic announced plans to invest US$29.1 m illion in m ine developm ent, m ine equipm ent and m aterials handling 3 • A prefeasibility study detailing developm ent and production plans is expected to be released in the first half of 2021 3 1. Information announced by First Majestic on March 30, 2020 • Expected production First Majestic Silver Corp. in 2021 3 2. Metal prices used by First Majestic for mineral resource estimates were US$18.50/oz silver and US$1,450/oz gold 3. Information announced by First Majestic ion July 15, 2020. • Asset with potential to grow 11
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