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Investor Presentation 121 London: May 2019
OSINO RESOURCES CORP. Investor Presentation 121 London: May 2019 1 - - PowerPoint PPT Presentation
OSINO RESOURCES CORP. Investor Presentation 121 London: May 2019 1 1 Disclaimer Certain statements contained in this presentation, and in certain documents incorporated by reference in this presentation, constitute "forward-looking
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Investor Presentation 121 London: May 2019
Certain statements contained in this presentation, and in certain documents incorporated by reference in this presentation, constitute "forward-looking statements". All statements other than statements of historical fact contained in this presentation, including, without limitation, those regarding Osino Resources Corp.’s (the “Corporation‘”) future financial position and results of
"intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Corporation's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to, those discussed under "Risk Factors" in the prospectus to which this presentation relates. Management provides forward-looking statements because it believes they provide useful information to readers when considering their investment objectives and cautions readers that the information may not be appropriate for other purposes. Consequently, all of the forward-looking statements made in this presentation are qualified by these cautionary statements and
will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Corporation. These forward-looking statements are made as of the date of this presentation and the Corporation assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law. The forward-looking statements in this presentation are based on numerous assumptions regarding the Corporation's present and future business strategies and the environment in which the Corporation will operate in the future, including assumptions regarding expected yields, future prices and business and operating strategies. Some of the risks which could affect future results and could cause results to differ materially from those expressed in the forward- looking statements contained herein, including risks associated with the Corporation, such as lack of revenue, risks associated with the Corporation's business, such as the failure to obtain or maintain necessary licenses, and risks associated with the common shares of the Corporation, such as stock market volatility. .
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Current Price (as at May 17, 2019) $0.37 Basic Shares (m) 57.1 Share Options (m) 5.2 Warrants
$21.1 Less: Cash & ST Investments (M) $2.5 Plus: Debt (M) $0.1 Enterprise Value (M) $18.7
57.1M
Basic Shares Outstanding
TSX-V listed gold exploration company focused on Namibia with strategic, >7,500km2 land position & active exploration program in emerging Damara gold belt.
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Heye Daun CEO Executive Director
Mining engineer with 25 years of mining, finance and public markets experience. History of delivering value with two exits (~CAD200m each) since 2012 (AYX sold to BTO and EGX merger with ODN to form LUM in 2016)
Eugene Beukman Non-Executive Director
Corporate consultant to public companies in Canada since 1994 Involved in acquisition
the High Court of South Africa with an Honours Law degree from University of Johannesburg
Alan Friedman President Executive Director
Public markets entrepreneur involved with Canadian public markets for 20 years. Played integral role in acquisitions, go-public transactions & financings & for many resource companies
David Hodgson Non-Executive Director
Former COO of AngloGold Ashanti from 2001 through to retirement in 2005. Prior to that various executive and senior positions with Anglo American and De Beers over more than 30 years. Prior Director of TSX-listed juniors & developers
Lazarus Shigwedha Non-Executive Director
Namibian-born Portfolio manager with Investec Asset Management. Based out of Cape Town he has deployed capital into emerging markets over the last 12 years, particularly into Namibia & the rest
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Formation Acquisition Advancement Exit Ecuador Gold & Copper Corp. Heye Daun appointed CEO in 2015, tasked with company turn-around & generating options for investors Assessed company & assets, built trust with investors, developed & executed turn-around strategy Raised US$3m in convertible debt & equity, restructurd balance sheet, settled range of legacy issues, prepared EGX for sale Successfully sold EGX to Lumina Gold through $200m merger Auryx Gold Corp. Heye Daun & Alan Friedman co-found Auryx and list on TSX via RTO in 2010 Acquire Otjikoto gold deposit in Namibia from Vale, through non-core disposal process Raised $85m in equity, built-
resource, completed PEA Successfully sold AYX to B2 Gold Corp for $180m, now in production ~150kozpa Afriore Ltd. Alan Friedman was part of the acquisition team that acquired the Akanani Platinum Project Expanded resource, completed technical work to prove downdip extension of world-class SA platinum deposit Successfully sold Afriore to Lonmin Plc, world's 3rd largest PGM producer for $450m Eland Platinum Ltd Bright Group co-founder of Eland Platinum, Heye Daun part of initial funding consortium & co-investor with Bright Negotiated acquisition of undeveloped, non-core PGM resource from Anglo Raised >$100m in debt and equity from South African capital markets and commenced with project development Successfully sold company to Xstrata Plc for $1bn
6 Source: Vollgger et al., 2015
belt identifies multiple NE trending structures
systems
understood = other targets can be better identified and tested
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Focus Area 2: Otjikoto East target definition stage regional sampling ongoing 5 anomalies identified >120km prospective strike Focus Area 1: Twin Hills & Goldkuppe ~28,000m of drilling (historic & recent) New soil/calcrete/mag anomalies on major regional trend Classic structural setting > 11km Au system (open all directions)
Karibib Au Trend: detail on next page
define & advance multiple targets & prospects
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Flagship Project #2: Goldkuppe/Oasis/Wedge detail on page 13
significant new Au system along mineralised structure on strike of major Navachab Au deposit
with >25km strike and growing with ongoing consolidation & exploration (sampling & drilling)
/Wedge
Navachab Gold Mine In production, >6moz historical resource
Flagship Project #1: Twin Hills & Extensions detail on page 11-12
Significant drill program underway
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Karibib Fault; Au assay values increase towards the southwest; association with splays and second and third order structures to the south of the Karibib fault
which releases iron to produce pyrrhotite and pyrite
anomaly; tight correlation with surface calcrete values validates the use of ‘top of calcrete’ as a sample medium; several bedrock assays over 0.5g/t with a peak value of 2.3g/t
during Q4 2018; causative body for magnetic anomalies likely hydrothermal alteration and pyrrhotite mineralised quartz biotite schist
Dobbelsberg dome; Three magnetic splays, coincident with anomalous gold assays are visible in the jog, with a combined width of over 1km
expansion ongoing before significant RC drill program planned for H2 2019
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Twin Hills Central Target ~2,000m long x 400m wide Drilling to commence Jun-19
11 Goldkuppe discovery
in massive sulfides & carbonates, little quartz veining Wedge & Oasis targets:
previously discovered Au mineralization
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sampling (2017 – 2019).
13 Prospect Activity Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Twin Hills Ext RAB (~1000m) RAB Karibib Au Trend (KGT) RAB (~3000m) Twin Hills Ext / KGT Ground Mag Twin Hills Ext / KGT Drilling (RC/DD) (~1000m) RC/DD Drill Oasis & Wedge Drilling (RC/DD) (~500m) Twin Hills / Goldkuppe Drilling (RC/DD) (~500m) Regional Sampling Fairview Sampling / RAB (~1000m) Zunis & Walldorf Sampling / RAB (~1000m) Omagonde, Gaidaus Sampling / RAB (~1000m) Walldorf, others Sampling / RAB (~1000m) Etekero RAB (~1000m) Etekero NE Sampling Regional Sampling Projected 2019 Exploration Expenses: CADm 3,5 Sampling Projected 2019 Corporate G&A: CADm 0,8 RAB Total Projected Osino 2019 Expenses: CADm 4,3 * Mag Survey
* actual expenditure will vary depending on next financing
Drilling Ground Mag RAB Karibib Otjiwa- rongo 2019 Otjikoto East Sampling Sampling Sampling
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Emulating our prior success with Auryx Gold. (formerly TSX: AYX - sold to B2 Gold) Osino founders aim to create value through consolidation, exploration & discovery. We see Osino’s core value drivers as follows:
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Dave Underwood (VP Exploration)
26 years of exploration experience in Africa and beyond. Spent early years with De Beers and Anglo American including 6 years in Tanzania and Kenya exploring for gold and base metals. The last 12 years he worked as an independent exploration consultant in exploration, target generation, evaluation and due diligence programmes for Newmont, AngloGold Ashanti, Silver Bull Resources, Roxgold and others.
Jon Andrew (Country & Exploration Manager)
Geologist with more than 20 years’ experience in exploration and mining geology. Career has been focused on Africa and the Middle East and includes diverse experience in precious, base and rare metals, industrial minerals and coal.
Emmanuel Shilongo (Exploration Geologist)
Exploration Geologist overseeing all the company’s field
mainly in Namibia. Prior to joining Osino, held positions as Senior Mineral Exploration Geologist at TSX listed Forsys Metals Corp’s flagship project - the Valencia Uranium Development Project, at Namibia Uranium Corporation and at the Shali Group of Exploration Companies.
Alan Rootenberg (CFO)
Chartered professional accountant who has served as the Chief Financial Officer of a number of publicly traded companies, including mineral exploration and mining companies listed on the TSX, TSX-V and OTCBB.
Tony Da Silva (Finance Manager)
After graduating from the University of Natal he completed his articles with Nexia in Cape Town and stayed on as an Audit Manager after completion. Joined BlueAlpha Investment Management in 2008, as an equity analyst and later became a portfolio manager managing local and offshore assets. Since 2017, Financial Director of Osino’s operating subsidiaries in Namibia.
Julia Becker (Manager, Investor Relations)
10 years business development and marketing communications experience. Has extensive experience in developing and executing integrated investor and stakeholder communication strategies for publicly-traded
relations for a Namibian oil and gas company and has knowledge and understanding of operating in the country.
17 1999 2008 2009 2010 2011 2012 2013 2014
Vale/ARM JV initiates Otjikoto divestment process Auryx named preferred bidder for Otjikoto after competitive process Auryx closes Otjikoto transaction through US$49m equity financing and listing on TSX Auryx closes US$34m bought-deal financing & aggressively expands exploration B2 Gold commences with project construction Auryx completes Project PEA & commences with mine permitting Auryx starts trading on NSX (Namibia) US$180m B2 - Auryx merger transaction closes Auryx discovers Wolfshag Zone, transforms project economics Otjikoto Project discovery by Teal Minerals' predecessor, Avmin. Otjikoto project
right-sizing Formation & initial financing of BC Ltd, pre-cursor to Auryx, aiming to acquire gold projects in Africa B2 Gold pours first gold at Otjikoto QKR acquires Navachab from AGA in US$110m transaction
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Navachab Gold Mine
Twin Hills Prospect Outcropping Map, sample, trench, limited DD & RC Twin Hills Extension Calcrete & bedrock anomaly-
Infill sampling ongoing, RC/DD drilling next RAB sampling on remaining trend RAB sampling into calcrete cover to generate additional targets, 800m fence lines Awaiting results, ground mag
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Photo credit: B2 Gold Corp.
Osino Resources Corp. 181 Bay Street, Suite 320 Brookfield Place, Toronto Ontario, Canada M5J 2T3 hdaun@osinoresources.com +27 (82) 566 4494
For more information contact: Julia Becker: Investor Relations Manager Suite 810 - 789 West Pender Street Vancouver, BC V6C 1H2 www.osinoresources.com
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