Exploring for Silver and Gold in Mexico and Canada

Transcription

1 Exploring for Silver and Gold in Mexico and Canada January 18,

2 Forward Looking Statements CAUTIONARY NOTE TO US INVESTORS The United States Securities and Exchange Commission ("SEC") permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this presentation, such as "measured", "indicated", and "inferred" resources, which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC. Any estimates of mineral resources shown in Orex Mineral Inc.'s presentation have been prepared in accordance with definition standards of the Canadian National Instrument Standards of Disclosure for Mineral Projects ("NI "), which may differ from definition standards of the United States Securities and Exchange Commission ("SEC") Industry Guide 7. QUALIFIED PERSON All technical content found in the Orex Minerals Inc. presentation has been reviewed & approved by Ben Whiting, MSc., P.Geo., Vice President Exploration of Orex Minerals Inc. and a Qualified Person under Canadian NI Standards of Disclosure for Mineral Projects. This presentation of Orex Minerals Inc. (the Company ) contains forward-looking information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Statements containing forward-looking information express, as at the date of this presentation, the Company s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and Orex does not intend, and does not assume any obligation to, update such statements containing the forward-looking information. Generally, forward-looking information can be identified by the use of forward-looking terminology such as plans, projects, or projected, expects, or does not expect, is expected, estimates, forecasts, scheduled, intends, anticipates, or does not anticipate, or believes, or variations of such words and phrases, or statements that certain actions, events or results may, can, could, would, might, or will be taken, occur, or be achieved. Statements containing forward-looking information include, but are not limited to, statements with respect to the anticipated economic returns of any of the Company s projects, the expected results from exploration activities, the economic viability of the development of newly discovered ore bodies, the accuracy of mineral resource estimates, future production levels, the requirements for additional capital, the results of drilling, and Orex s commitment to, and plans for developing, newly discovered and existing mineralized structures. Statements containing forward-looking information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Orex Minerals Inc. and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, the actual results of current exploration activities, future prices of silver and gold, unpredictable risks and hazards relating to the development of our projects, and the speculative nature of exploration and development. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any statements containing forwardlooking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, undue reliance should not be placed on statements containing forward-looking information. 2

3 It Takes a Team Belcarra Group Orex s management team, a part of the Belcarra Group, has the proven technical skills to discover & develop quality exploration projects that maximize shareholder value---the same team recognized for the discovery of Orko Silver Corp s La Preciosa Silver-Gold Deposit in Durango, Mexico, amongst other discoveries. Board of Directors, Management and Technical Advisors Gary Cope President Director Ross Wilmot, C.P.A., C.A. Chief Financial Officer Director Ben Whiting, M.Sc., P.Geo. Vice President, Exploration Art Freeze, P.Geo. Technical Advisor Director Dale Brittliffe, P.Geo. Technical Advisor Alex Tsakumis, B.A. Vice President, Corporate Development Steve Cope Manager, Corporate Development Rick Sayers, CPA, C.A. Director W. (Harry) White, M.B.A. Director 3

4 Share Structure and Shareholders Capital Structure Shares Outstanding M Options (avg. price $0.29) 9.4 M Fully Diluted Shares M Noteable and Major Shareholders Institutional 50% - Ingalls and Snyder Brokerage Accounts - US Global Investors Fresnillo Mining 4% Management 25% Retail 21% Orex Minerals Corp. Listing (Canada) Listing (USA) TSX.V: REX OTCQX: ORMNF 52 Week Hi-Lo $ $0.10 Current Price $0.18 Cash ~$3.0 M Orex holds a 2% NSR on Barsele Gold deposit, which Agnico Eagle can purchase for US$5 M Ownership Institutional Management Corporate Retail 4

5 Project Portfolio 3 Projects and 3 Joint Venture Partners Plus Letter of Intent to Option a 4 th Project MEXICO SANDRA ESCOBAR Silver Gold Base Metals.. JV with Pan American Silver and Canasil Resources MEXICO CONETO PROJECT Gold Silver.. JV with Fresnillo PLC MEXICO SAN LUIS DEL CORDERO Silver-Copper-Zinc. JV with Exploraciones Antiplano CANADA JUMPING JOSEPHINE PROJECT Gold Copper.. 100% Orex 5

6 Durango Projects Well Established History and Presence in Durango State In the heart of the Mexican Silver Trend which hosts some of world's largest silver deposits: Fresnillo Guanajuato La Pitarrilla La Preciosa Real de Angeles Zacatecas 6

7 Coneto Silver-Gold Project Coneto de Comonfort Durango State, Mexico Located 100 km N of Durango, Mexico JV Partner is Fresnillo Mining 45% ownership of 15,700 hectares (38,800 acres) of mineral concessions Coneto Mining Camp has over 450 years of mining history, yet remains underexplored by modern methods Property is set in the Mesa Central Fresnillo has spend over $6 M on exploration to earn 55%. Ongoing discussions on the next steps forward. 7

8 Coneto Silver-Gold Project Hole Vein Select Diamond Drill Intercepts From (m) To (m) Core Length (m) True Width (m) Au (g/t) Ag (g/t) Ag-Eq (g/t) CC Impulsora Incl CC Loma Verde Incl BCO-02 Loma Verde Incl BCO-11 La Bufa Incl Santo Niño Incl ,655 2,273 BCO-66 Loma Verde Incl BCO-68 Durazno-A ,100 Durazno Incl

9 Coneto Diamond Drill Core Oxide Mineralization 9

10 Coneto Diamond Drill Core Sulphide Mineralization Hole BCO-11 Sample # Au = 38.3 g/t Ag = 4,990 g/t Cu = 1.39 % Pb = 2.51 % Zn = 3.51 % 10

11 Sandra Escobar Silver-Gold Project New Life and Investment with New Joint Venture Partnership JV Silver-Gold Project with Canasil Resources and Pan American Silver Located in Tepehuanes, Durango State, Mexico Land position cover 6,976 hectares (17,860 acres) 11

12 Sandra Escobar Silver-Gold Project Terms of the Sandra Escobar Joint Venture (JV announced December 19, 2017) New JV partnership created between Orex/Canasil JV and Pan American Silver This new agreement unites mineral concession which consolidates the entire mineral district. Agreement will distribute ownership over the entire property with Pan American retaining 51% after spending US$5 M over 4 years and Orex/Canasil retaining 49% after spending US$1 M. Pan American can increase the interest to 60% with the completion of a prefeasibility study. Technical committee will be comprised of representatives of all parties. Orex will be the operator under the agreement. (The Orex/Canasil JV is based on a respective 55%/45% split) 12

13 Sandra Escobar Silver-Gold Project Highlights Phases 1&2 Drill Intercepts Hole From (m) To (m) Core Length (m) True Thickness (m) Ag (g/t) SA SA SA SA SA SA SA SA SA SA SA SA

14 Sandra Escobar Silver-Gold Project Drill Locations from Boleras Deposit 14

15 Sandra Escobar Silver-Gold Project Sample Cross Sections 15

16 Sandra Escobar Silver Project First Inferred Resource Estimate, Boleras Silver Deposit Base Case at 45 g/t Ag cut-off: 9.8 million tonnes grading 106 g/t Ag for a total of 33.3 million ounces of silver (Collins et al., 2016) (Effective date: 25 October 2016) Cut-off Grade Ag (g/t) Tonnes (Mt) Average Grade ) Ag (g/t) Contained Silver (Moz)

17 Sandra Escobar Silver-Gold Project Examples of Sandra-Escobar Mineralization 17

18 Sandra Escobar Silver-Gold Project Sandra Escobar Southeast Burro Zone Stockwork Permeable Volcaniclastic in Core 18

19 San Luis del Cordero Durango, Mexico LOI signed to acquire 100% of the San Luis del Cordero Silver-Copper- Zinc Project. Located 155 km NE of city of Durango, Mexico Project is a skarn and epithermal vein hosted silver-copper-zinc district. Old workings and mineralized showings wrap around a quartzfeldspar-porphyry intrusive. Orex to spend $2.5 M in cash over 4 year, issue 1.0 M shares and spend $1.0 on the ground over 2 years. Santa Rosa Mine Level 1 Portal Over 16,000 metres (62 holes) drilled from

20 San Luis del Cordero 2014 Initial Resource Estimate Zone Class Tonnes Ag-Eq (g/t) Ag (g/t) Cu (%) Zn (%) Ag (oz) Ag-Eq (Moz) Sta Rosa Vein Indicated 31,500 1, , Sta Rosa Skarn Indicated 631, ,747, Total: Indicated 662, ,585, Sta Rosa Vein Inferred 218, ,031, Sta Rosa Skarn Inferred 2,566, ,897, Total: Inferred 2,785, ,929, Ag-Eq = Ag + (Cu% x x Cu price x /Ag price + Zn% x x Zn price x /Ag price). A cut-off of 85 g/t Ag-Eq was used for the Base Case. Metal prices used for the formula: silver = $US19/oz, copper = $US3.00/lb, zinc = $US0.90/lb. As there is no metallurgical testing results available, for the purposes of silver-equivalent, recoveries are assumed to be 100%. For the purposes of silver-equivalent in the 2014 report, metal prices of Ag=$19/oz, Cu=$3.00/lb and Zn=$0.90/lb were applied. The technical report was written by T.W. Hodson, P.Geo., an independent Qualified Person, and has an effective date of 1 October

21 San Luis del Cordero Project Drill Core - Santa Rosa Vein Breccia with Tetrahedrite and Sphalerite Skarn Malachite Mineralization and Marble Santa Rosa East Skarn - Chalcopyrite Santa Rosa Mine 21

22 Jumping Josephine Gold Project 100% ownership of 11,200 hectares (28,700 acres) in the West Kootenay Region, Southwestern BC, Canada NI compliant resource estimate (cut-off of 0.5 g/t Au) that has defined 34,000 ounces of gold indicated (363, g/t Au) and 30,000 ounces of gold inferred (448, g/t Au) (June 24,2011) 40 km North of Teck s Smelting Operations in Trail, BC Easy All Weather Road Access, Moderate Terrain, Low Exploration Costs 22

23 Orex Advantage Orex Summary Four projects in two strong mining jurisdictions JV partnerships with two major silver producers Healthy balance sheet Established presence in Durango State, Mexico Strong technical team with ability to unlock value Management Team Experienced at Delivering Results There is More to be Discovered! 23

24 Contact Information For More Information Contact: Gary Cope President, CEO and Director Ben Whiting, P.Geo Vice President Exploration Alex Tsakumis VP Corporate Development Telephone: Orex Minerals Corp. (TSX.V: REX) 24