Orford Mining Corporate Presentation ORFORD MINING. January 2019 TSXV: ORM

Transcription

1 Orford Mining Corporate Presentation ORFORD MINING TSXV: ORM

2 Disclaimer Cautionary Statement Concerning Forward-Looking Statements Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this presentation. This presentation contains "forward-looking information" including without limitation statements relating to the liquidity and capital resources of Orford and potential of one or more of the Qiqavik, Cautionary West Statement Raglan, Jones-Keystone Concerning Forward-Looking Loflin and Landrum-Faulkner Statements exploration properties. Forward-looking Neither the TSXV statements nor its Regulation involve Services known Provider and unknown (as that risks, term uncertainties is defined the and policies other factors of the TSXV) which accepts may cause responsibility the actual for results, the adequacy performance accuracy or achievements of this presentation. of Orford to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future This presentation contains "forward-looking information" including without limitation statements relating to the liquidity and capital resources of Orford and potential of one or more of the prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities Qiqavik, West Raglan, Jones-Keystone Loflin and Landrum-Faulkner exploration properties. (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection Forward-looking war; statements or delays involve obtaining known governmental and unknown approvals, risks, uncertainties failure to and obtain other regulatory factors which or shareholder may cause approvals. the actual For results, a more performance detailed discussion or achievements of such risks of Orford and other to be factors materially that different could cause from any actual future results results, to differ performance materially or from achievements those expressed or implied or implied by by such the forward-looking statements, statements. refer Factors Orford's that could filings affect with the Canadian outcome securities include, among regulators others: available future on prices SEDAR and at the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or Although Orford has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may war; or delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this results to differ materially from those expressed or implied by such forward-looking statements, refer to Orford's filings with Canadian securities regulators available on SEDAR at presentation and Orford disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable Although Orford securities has laws. attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this presentation The TSXV has neither approved nor disapproved the contents of this presentation. and Orford disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable Qualified securities Person laws. and Quality Assurance and Quality Control The TSXV disclosure has neither of scientific approved and technical nor disapproved information the contents contained of in this this presentation. has been approved by Alger St-Jean, P.Geo, Vice President, Exploration of Orford, a Qualified Person under NI Qualified Person and Quality Assurance and Quality Control Samples reported in this presentation and indicated as grab, outcrop, sub-outcrop, boulders and float are grab samples. Grab samples are selective by nature and values reported may not be The disclosure of scientific and technical information contained in this presentation has been approved by Alger St-Jean, P.Geo, Vice President, Exploration of Orford, a Qualified Person under NI representative of mineralized zones. All drill intervals reported in this presentation are down-hole core lengths as true thicknesses cannot be determined with available information The work program at Qiqavik was supervised by Michelle Sciortino, P.Geo, Senior Project Geologist who is responsible for all aspects of the work, including the quality control/quality assurance Samples reported in this presentation and indicated as grab, outcrop, sub-outcrop, boulders and float are grab samples. Grab samples are selective by nature and values reported may not be program. On-site personnel at the project log and weigh all samples prior to sealing and shipping. Sample shipments are sealed and shipped to Techni-Lab, Sainte-Germaine-Boulé, Québec. All representative of mineralized zones. All drill intervals reported in this presentation are down-hole core lengths as true thicknesses cannot be determined with available information. gold assays reported were obtained by either 350-g screen fire assay or standard 50-gram fire-assaying-aa finish or gravimetric finish (method 1A2-5 and 1A3-50) at. The 350-g screen assay method The work is program selected at by Qiqavik the site was geologist supervised or the by lab Michelle when samples Sciortino, contain P.Geo, coarse Senior gold Project or higher Geologist percentage who is responsible of sulfide mineralization for all aspects that of the may work, be associated including the with quality gold relative control/quality to surrounding assurance intervals. program. On-site All samples personnel are also at analyzed the project for log multi-elements, and weigh all samples including prior copper to sealing and silver, and shipping. using a four-acid Sample shipments method with are an sealed ICP-EOS and shipped and ICP-MS to Techni-Lab, finish at Techi-labs Sainte-Germaine-Boulé, affiliated Actlabs Québec. in Ancaster, All gold Ontario. assays reported Overlimits were were obtained analyzed by either by peroxide 350-g screen fusion fire with assay ICP-EOS or standard finish. Drill 50-gram program fire-assaying-aa design, Quality finish Assurance/Quality or gravimetric finish Control (method ( QA/QC ) 1A2-5 and 1A3-50) interpretation at. The 350-g of results screen is performed assay method by is qualified selected by persons the site employing geologist a or QA/QC the lab program when samples consistent contain with NI coarse gold and or industry higher best percentage practices. of sulfide Standards mineralization and blanks are that inserted may be at associated a minimum with of gold 10% relative and 5% for to surrounding core and grab intervals. samples All respectively samples are also for QA/QC analyzed purposes for multi-elements, in addition to including those inserted copper by and the silver, lab. A using subset a four-acid of samples method has not with yet an been ICP-EOS sent for and a verification ICP-MS finish assay at Techi-labs at another affiliated lab. Actlabs in Ancaster, Ontario. Overlimits were analyzed by peroxide fusion with ICP-EOS finish. Drill program design, Quality Assurance/Quality Control ( QA/QC ) and interpretation of results is performed by qualified persons employing a Techni-Lab Laboratory, is a subsidiary of Act Labs, is accredited (n. 707) by the Standards Council of Canada and found to comply with the requirements of ISO/IEC 17025:2005 (CAN-P-4E) and QA/QC program consistent with NI and industry best practices. Standards and blanks are inserted at a minimum of 10% and 5% for core and grab samples respectively for QA/QC purposes in CAN-P addition to those inserted by the lab. A subset of samples has not yet been sent for a verification assay at another lab. The technical information disclosed herein in respect of the Qiqavik Property is based on the independent report of Clement Dombrowski, P.Geo and Sylvain Desbiens P.Geo. titled NI Techni-Lab Laboratory, is a subsidiary of Act Labs, is accredited (n. 707) by the Standards Council of Canada and found to comply with the requirements of ISO/IEC 17025:2005 (CAN-P-4E) and CAN- Technical Report on Qiqavik Project, Northern Quebec, Canada effective September 14, 2017, and on Orford Mining s press releases of October 26, 2017 and November 15, The P information disclosed herein in respect of the West Raglan Property is based on the independent report of Clement Dombrowski, P.Geo. titled NI Technical Report on West Raglan Project, The technical Northern information Quebec, Canada disclosed effective herein in February respect 20, of the Qiqavik The information Property is disclosed based on herein the independent respect of report the Jones-Keystone/Loflin of Clement Dombrowski, Option P.Geo is based and on Sylvain the historic Desbiens report P.Geo. prepared titled NI by Katie Lucas, Technical M.Sc., Report P.Geo., on Qiqavik titled NI Project, Northern Technical Quebec, Report Canada on the Champion effective September Hills Gold Project, 14, 2017, Randolph on Orford and Davidson Mining s Counties press releases dated of January October 17, 26, and and was November summarized 15, by Alger The St-Jean information P. Geo. disclosed The herein information respect disclosed of the herein West in Raglan respect Property of the is Landrum-Faulkner based on the independent Option was report compiled of Clement by Carolina Dombrowski, Gold Resources P.Geo. titled from NI historical company Technical files Report and on was West reviewed Raglan by Project, Alger St-Jean, Northern P.Geo. Quebec, Canada effective February 20, The information disclosed herein in respect of the Jones-Keystone/Loflin Option is based on the historic report prepared by Katie Lucas, M.Sc., P.Geo., titled NI Technical Report on the Champion Hills Gold Project, Randolph and Davidson Counties dated January 17, 2013 and was summarized by Alger St-Jean P. Geo. The information disclosed herein in respect of the Landrum-Faulkner Option was compiled by Carolina Gold Resources from historical company files and was reviewed by Alger St-Jean, P.Geo. Orford Mining 2

3 Orford Mining High Quality Exploration Team and Capital Markets-Focused Board Management Team David Christie President, CEO, and Director > Professional Geologist with more than 32 years of experience in the resource sector > Current Vice President with Goodman & Company Investment Counsel and Vice President of Dundee Resources Inc. > Former President, CEO, and Director of Eagle Hill Exploration, mining equity research analyst at TD and Scotia Capital, currently director of ecobalt Solutions Inc., formerly Director of Osisko Mining Inc. and Condor Precious Metals (private), Tim Hollaar CFO Alger St-Jean VP Exploration and Director Michelle Sciortino Senior Project Geologist > +20 years of experience in mining industry finance positions > Served in senior finance and marketing positions with several nickel companies > Professional Geologist with +20 years of experience in mineral exploration and development > Current VP Exploration of RNC Minerals and former Senior Geologist at Xstrata Nickel (formerly Falconbridge) > Professional Geologist with +10 years of experience in mineral exploration and development > Current Senior Project Geologist with RNC Minerals Board of Directors Mark Selby Chairman > Current President and CEO of RNC Minerals, with +20 years of experience in finance and corporate development at various companies, including Quadra Mining and Inco Limited > Former VP Business Planning & Market Research at Quadra Mining John Leddy Director Mark Goodman Director Lawrence Smith Director Michel Gauthier Director > Current VP, Business Development and General Counsel of RNC Minerals, with 20 years of experience as a business lawyer and in private equity specializing in M&A, capital raising / structuring and other strategic transactions > Former Partner in Business Law Group (M&A) at Osler > Current Executive Vice President and COO of Dundee Corporation and Chairman of Dundee Sustainable Technologies > Previous CEO of Ryan Gold, Valdez Gold, Cogitore Resources, a base metal exploration company in Northern Quebec > +25 years of experience in investment management, equity research, and banking > VP Portfolio Management and Research at CIBC Asset Management, Director of Equity Research at Scotia Capital and Blackmont Capital, and Project Manager Corporate Development at Rio Algom Limited > CFA, MBA > Professional Geologist & Fellow of the Society of Economic Geologists with +40 years of experience in mineral deposits > Current Director of Sphinx Resources and former Vice-Chairman of the Board of Directors of SOQUEM > Former member of advisory committees to Auditor General of Quebec and Quebec Ministry of Energy and Resources Orford Mining 3

4 Orford Mining Exploration Strategy Orford Mining is a mineral explorer focused on the highly prospective and underexplored Cape Smith Belt in Northern Quebec and is actively looking for other opportunities in Canadian Archean Volcanic Belts. Orford Mining s Value Creation Strategy Focus on underexplored regions that bear strong geological similarities and are in close proximity to existing flagship mining operations for major mining producers (Cape Smith Belt Raglan Mine, Glencore) Significant target-rich land position in emerging gold districts Qiqavik discoveries are situated in a new gold district which bears similarity to the Abitibi gold camp (+70 Moz Au), and has camp scale potential New high-grade gold surface discoveries during the 2018 Qiqavik field season, number of surface showings now sits at 11 across the property. The 2018 Drill program intersected thick mineralized sequences at the Qiqavik Interlake area Significant target rich land position in world class nickel copper PGM district At the West Raglan project, work to date has discovered outcropping sulphide mineralization over more than 35 km of strike, many zones have very limited testing Focused on politically stable jurisdictions Quebec ranked in 2017 as the 6 th most attractive global mining jurisdiction by the Fraser Institute (1) Note: This information is not necessarily indicative of the mineralization on Orford Mining s properties Orford Mining 4

5 Orford Mining Elephant Hunting in Proven, Yet Underexplored Mineral Districts Orford Mining: Next door to flagship operations of major deposits Meadowbank (Agnico Eagle) First gold pour in 2010, 2.7 g/t reserve grade Hope Bay (TMAC) 3.5 Moz Au at 7.7 g/t in 2P reserves Meliadine (Agnico Eagle) 3.4 Moz Au at 7.3 g/t in 2P reserves Qiqavik Gold / West Raglan Emerging polymetallic belt Raglan Mine (Glencore) Produces 37 kt of nickel in concentrate annually Considered one of the richest base metal mines in the world Major Deposit Orford Mining Properties Note: This information is not necessarily indicative of the mineralization on Orford Mining s properties Orford Mining 5

6 Orford Mining Qiqavik

7 Qiqavik A New District? Why Cape Smith Belt ( CSB )? Northern Cape Smith Belt - Excellent Geological Setting Remains Underexplored Qiqavik sits in a Paleoproterozoic volcano-sedimentary orogenic belt at the margin of the Superior Craton Multiple large scale structures with complex geometry are pathways for mineralizing fluids The parallel ultramafic Raglan Belt has yielded world-class nickel deposits, but the northern volcanosedimentary portion of the Belt remains virtually unexplored Gold districts with similar tectonic and age setting include: Flin Flon/Snow Lake, Canada Ashanti Belt, West Africa Tanami Goldfields, West Australia Tapajos-Parima Belt, Brazil Cape Smith Belt The 40 km long Qiqavik Break Shear Zone is thought to have focused gold mineralization Note: The information disclosed herein in respect of the Qiqavik Property is based on the independent report of Clement Dombrowski, P.Geo of IOS Services Geoscientifiques Inc. titled NI Technical Report on Qiqavik Project, Northern Quebec, Canada effective September 14, Orford Mining 7

8 Qiqavik High Grade Gold Surface Grab Samples Gold Surface Samples at the end of Extensive Gold Mineralization along +40- km Qiqavik Trend Orford Mining 8

9 Qiqavik 2017 and 2018 Highlights A Newly Discovered High Grade Au/Cu Trend +40 km in Length Highlights Orford Mining 9

10 Qiqavik Examples of Sub-outcrop Esperance Esperance West Grab Sample g/t Au Grab Sample 21.3 g/t Au Orford Mining 10

11 Frost Boil Sampling Property Wide Primary Prospecting Method with Hand-held XRF Orford Mining 11

12 Qiqavik - Detailed Airborne Magnetic Survey Spring 2018 Survey Important Mapping and Targeting Tool Total Magnetic Intensity. Survey completed at 50m spacing using Triumph Instruments Magnetic Gradiometer System. Orford Mining 12

13 2018 High Grade Surface Showings Three new surface gold showings and increase in dimensions of others In 2018, 541 rock grab samples were taken of which 34 had values >2 g/t gold, and 1034 till samples taken (results pending), VLF surveys, and geological mapping/prospecting. Orford Mining 13

14 Eastern Qiqavik - Focus of 2018 Drilling 2018 Drill hole Location and Results (8 drill holes, for 1,211 metres) Highlight of 2018 Drilling is the discovery at the Interlake area of a thick sequence of gold bearing quartz carbonate veining associated with suphidic metasediments (holes QK ,007 and 008). Orford Mining 14

15 Interlake and Central Qiqavik Showing Areas Frost Boil Sampling Results Orford Mining 15

16 Interlake and Central Qiqavik Showing Areas Airborne Magnetics and Frost Boil Sampling Results Multiple strong dispersion trains originating at Shear Zones Orford Mining 16

17 Qiqavik Focused Intrusive and Aurora Zone Gold in Quartz Veins Associated with Structural Complexity Looking SE Orford Mining 17

18 Gerfaut and Gerfaut South Showings High Grade Boulders with Source Not Yet Discovered. Orford Mining 18

19 Qiqavik Esperance and Horizon Zones Au-Cu-Co in sulphides in shear zones Map of Esperance Results on Geology 2017 Discoveries Esperance West Extensional Zone QK g/t Au QK g/t Au. Horizon Channel Sample 5.62g/t Au Orford Mining 19

20 Orford Mining Local Community Involvement Orford maintains an open dialog with local communities Representatives of Salluit, Akulivik and Kativik Regional Gov. (KRG) have visited the site Working with LHCs to hire local workforce during summer exploration programs - 17% (18% in 2017) of workforce in 2018 were Inuit 14% of 2017 exploration expenditures were with Nunavik Inuit Enterprises. Identifying and notifying communities and Avataq of archeological sites. Provided in-kind support to KRG for abandoned mineral exploration site rehabilitation Orford Mining 20

21 Orford Mining West Raglan Project

22 West Raglan A Rich Nickel, PGE District Prolific, Yet Underexplored Region Cape Smith Belt host to prolific high grade polymetallic nickel deposits and includes two operating mines: Raglan and Nunavik Nickel Regional Geology and Setting Cape Smith Belt Raglan ore grades among the highest of significant global nickel deposits 3.21% Ni M&I) 1 West Raglan located 40 km from Glencore s Raglan Mine Property Glencore is world s fifth largest nickel producer Raglan is a first quartile cash cost operation Mineralization at West Raglan occurs at same geological horizon and has similar style and grades as the Raglan deposit. (1) This information is not necessarily indicative of the mineralization on s properties to be acquired by Orford Mining Note: The information disclosed herein in respect of the West Raglan Property is based on the independent report of Clement Dombrowski, P.Geo of IOS Services Geoscientifiques Inc. titled NI Technical Report on West Raglan Project, Northern Quebec, Canada effective February 20, Orford Mining 22

23 South Domain North Domain Qiqavik and West Raglan Cape Smith Belt Regional Geology Legend Syn- to Post Tectonic Intrusives Watts Group (1999 Ma) Ophiolite Parent & Spartan Groups (1898 to 1860 Ma) Spartan: Clastic Fore Arc Parent: Magmatic Arc Chukotat (1918 Ma) Komatiitic to N-Morb Basalts representing change in rift to oceanic crust formation Povungnituk (2038 to 1991 Ma) Sedimentary and Volcanic units associated with the rifting of the Superior Craton Orford Mining 23

24 West Raglan West Raglan: Frontier Zone Frontier Zone High-grade Lenses Five key mineralized lens clusters 2,500 metre strike extent has five stacked mineralized target horizons High-grade (2-3% Ni, 3+ g/t PGE) sulphide lenses outcropping High priority targets modelled from BHEM and 3D magnetic inversion suggest vast potential remains above 250 metres depth Orford Mining 24

25 West Raglan Overview of Key Targets 1 Exploration work to date has identified outcropping sulphide mineralization over more than 35 km of strike, many zones have very limited testing Magnetic signatures, lithogeochemistry, and geology are the same at Frontier and Raglan Southern part of property has magnetic and till anomalies suggestive of Nunavik Mine (South Trend) style mineralization (larger tonnage, high Cu and PGM) (1) The information disclosed herein in respect of the West Raglan Property is based on the independent report of Clement Dombrowski, P.Geo of IOS Services Geoscientifiques Inc. titled NI Technical Report on West Raglan Project, Northern Quebec, Canada effective February 20, Orford Mining 25

26 Orford Mining Corporate Overview Share Structure 1 : Basic Shares Outstanding: 61.2 million Warrants 9.1 million Options 5.6 million Fully Diluted Shares Outstanding: 75.9 million Large Shareholders: RNC Minerals ~35% Dundee Resources Limited ~20% Other significant shareholders: Marquest Asset Management Explorer Series Funds, Maple Leaf Funds, Caisse de dépôt et placement du Québec, Sidex Market Capitalization 1 : C$7.1 million Cash and cash equivalents as at September 30, 2018: C$1.1 million Financing closed Dec 2018 raised $500, Shares outstanding, fully diluted shares outstanding, shareholdings and market capitalization as at January 16, Orford Mining 26

27 Orford Mining In Summary Orford Mining is a mineral explorer focused on the highly prospective and underexplored Cape Smith Belt in Northern Quebec where it has made a new gold belt discovery. The Right Address Proven Team Camp Scale Potential Drill Ready Targets Elephant Hunting Orford Mining 27

28 Orford Mining Contact Us David Christie President and CEO Orford Mining 28