1 TSX-V: ORG Advancing a Leading Development Project in Africa August 2018 | TSX-V: ORG
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TSX-V: ORG
Advancing a Leading Development Project
in Africa
August 2018 | TSX-V: ORG
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TSX-V: ORG
Forward-Looking DisclaimerThis presentation contains forward-looking information and forward-looking statements within themeaning of applicable Canadian securities laws, including statements regarding Orca Gold Inc.’s (the“Corporation”, “we” or “our”) plans and expectations relating to the Block 14 project (“Block 14”) innorthern Sudan, the updated preliminary economic assessment on Block 14 and the Feasibility Study(“FS”) currently being conducted by the Corporation. These statements relate to analyses and otherinformation that are based on forecasts of future results, estimates of amounts not yet determinableand assumptions of management. Statements concerning mineral resource estimates may also bedeemed to constitute “forward-looking statements” to the extent that they involve estimates of themineralization that will be encountered if the property is developed. The assumptions, risk anduncertainties outlined below are non-exhaustive. Should one or more of these risks and uncertaintiesmaterialize, or should underlying assumptions prove incorrect, actual results, performance orachievements of the Corporation, or industry results, may vary materially from those described in thispresentation.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs,plans, projections, objectives, assumptions or future events or performance (often, but not always,identified by words or phrases such as “expects”, “anticipates”, “believes”, “plans”, “projects”,“estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “potential”, “possible” orvariations thereof or stating that certain actions, events, conditions or results “may”, “could”, “would”,“should”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms andsimilar expressions) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements and forward-looking information are not guarantees of futureperformance and are based upon a number of estimates and assumptions of management at the datethe statements are made including without limitation, assumptions about the following (the “Forward-Looking Factors”): future prices of gold and other metals; successful exploration, development, andproduction of Block 14; the timing and completion of the FS; performance of contractual obligations bycounterparties; operating conditions; political stability; obtaining governmental approvals andfinancing on time; financial projections and budgets; obtaining licenses and permits; governmentregulation of the Corporation’s mining activities; environmental risks and expenses; market conditions;the securities market; price volatility of the Corporation’s securities; currency exchange rates; foreignmining tax regimes; insurance and uninsured risks; financial projections and results; competition;availability of sufficient capital, infrastructure, equipment and labour; dependence on key personnel;dependence on outside parties; conflicts of interest; litigation; land title issues; local community issues;
estimation of mineral resources; realization of mineral resources; timing and amount of estimatedfuture production; the life of Block 14; reclamation obligations; changes in project parameters as planscontinue to be evaluated; and anticipated costs and expenditures and our ability to achieve theCorporation’s goals. While we consider these assumptions to be reasonable, the assumptions areinherently subject to significant business, social, economic, political, regulatory, competitive and otherrisks and uncertainties, contingencies, many of which are based on factors and events that are notwithin the control of the Corporation and there is no assurance they will prove to be correct.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties andother factors that could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation known and unknown risks, uncertainties and otherfactors relating to the Forward-Looking Factors above, and those factors disclosed under the heading“Risk Factors” in the Corporation’s documents filed from time to time with the securities regulators inthe provinces of Canada.
In addition, a number of other factors could cause the actual results, performance or achievements ofthe Corporation to differ materially from any future results, performance or achievements expressedor implied by the forward-looking information, and there is no assurance that the actual results,performance or achievements of the Corporation will be consistent with them. For further details,reference is made to the risk factors discussed or referred to in the Corporation’s annual and interimmanagement’s discussion and analyses on file with the Canadian securities regulatory authorities andavailable electronically on the SEDAR website at www.sedar.com. Although the Corporation hasattempted to identify important factors that could cause actual actions, events, results, performanceor achievements to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause actions, events, results, performance orachievements not to be as anticipated, estimated or intended. There can be no assurance thatforward-looking statements or information will prove to be accurate, as actual results and futureevents could differ materially from those anticipated in such statements. Such forward-lookingstatements and information are made or given as at the date of this presentation and the Corporationdisclaims any intention or obligation to update or revise any forward-looking statements, whether as aresult of new information, future events or otherwise, except as required under applicable securitieslaw. The reader is cautioned not to place undue reliance on forward-looking statements or forward-looking information.
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TSX-V: ORG
Team with Track Record of Success:former management team of Red Back Mining
Highly prospective portfolio of gold projectsin Sudan and Côte d’Ivoire (CDI)
Jan 2018 Mineral Resource Estimate:
Indicated: 72.7Mt at 1.30 g/t Au for 3.05 Moz of Au
Inferred: 19.8Mt at 1.2 g/t Au for 0.75 Moz of Au
High-Grade Discovered Outside of Current Resource: 30.8m at 9.67 g/t (Wadi Doum) and 24 m at 3.89 g/t and 10m at 15.32 g/t (Liseiwi)
U.S. Treasury Removed Sanctions on the Sudanon Oct 12, 2017
Feasibility Study on Block 14 Gold Project – Q4 2018
NEW! C$22M Strategic Investment from Resolute Mining announced May 28, 2018
Investment Highlights
Orca’s Exploration CampDiamond Drilling at Galat Sufar South
Orca Geologist Logging CoreDrill Core from Block 14
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TSX-V: ORG
Corporate Overview
SHARE STRUCTURE (CDN$)
Issued & Outstanding Shares 194M
Options (Avg. Strike Price: $0.41) 17M
Warrants (Strike Price: $0.55) 11M
MCap (as at Aug 1, 2018) $113M
MAJOR SHAREHOLDERS
Resolute Mining Limited 16.7%
Zebra Holdings/Lorito 16.0%
Ross Beaty 8.8%
Management & Board 6%
Drill Program Ongoing at Block 14
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TSX-V: ORG
CEO
RICKCLARK
B.A., LLB
30+ yearsin Mining Industry
Led Red Back Mining
$9.2 BAcquisition by Kinross
President and CEO
Red Back Mining Inc.
40+ yearsin Mine Operations
COO
KEVINROSS
Eur Ing, MBA, MIMMM
Have Led Mining Operations in
North & South America,Africa, Australia
COO
Red Back Mining Inc.CEO
ARCON International
20+ years
CFO
GLENNKONDO
B,Comm., CA
Delivered commercial growth by
leading M&A, capital finance & operational performance
20+ yearsin Mining Industry
Senior Roles
Red Back Mining, IMF,UN & African Union
Specialist in
African Affairs
President
HUGHSTUART
B.Sc (Hons), M.Sc, FGS
30+ yearsin Exploration
Experience Former RolesAchievements
Discovered
30+ Mozof Gold in Africa
VP Exploration
Red Back Mining Inc.
CFO
Lucara Diamond Corp.
Management
Chief Strategist, African Affairs
KARAMOSONKO
M.Phil., Ph.D
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TSX-V: ORG
40+ yearsin Mining Industry
Non-Exec
BOBCHASE
CPA, CA
Senior Board Memberfor a Number of Public Companies
Director
Red Back Mining Inc.
25 yearsin Evaluating, Investing
& Financing Mining Projects
Non-Exec
DAVIDFIELD
Bec(H)/BSc ANU
Invested $10+Bin the Commodities Sector
at Carmignac Gestion
30+ yearsin Mining Industry
President & CEO
KGHM International Ltd.Principal
Traxys Capital Partners LLP
Experience Former RolesAchievements
10 Years as Head
Global Basic Materials Groupat Bankers Trust Financial Group
Board Of Directors
Non-Exec
DEREKWHITE
B.Eng, CA
CEO
RICK CLARK B.A., LLB
President
HUGH STUART B.Sc (Hons), M.Sc, FGS
Non-Exec
SIMONJACKSON
B.Comm., FCA
25 yearsin M&A & Corporate Finance
Former Managing Director & CEO
Beadell Resources Ltd.VP Corporate Development
Red Back Mining Inc.
ChairmanALEX
DAVIDSONM.Sc(Econ. Geol.), B.SC, P.Geo
40+ yearsin Gold & Base Metal Exploration
2013
Prospector of the Year
Executive VP Exploration & Corporate Development
Barrick Gold
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About Sudan
• Highly prospective geology and under explored
• Currently hosting the largest gold rush in the last century
• Gold endowment – +100t produced in 2017(100% artisanal and small scale mining)
• 2nd largest gold producing country in Africa
• One of the most stable governments in Africa
• Safe and easy to work – conflict is 1,500 km south in the South Sudan
• DEVELOPMENT: U.S. lifted economic sanctionson October 12, 2017
100km
Block 14 Project2,170km2 concession
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TSX-V: ORG
Sukari15Moz
TaheO.5Moz
Managem3.9Moz
Hassai VMS
Zara0.84Moz
Bulghah2.01Moz
Mahd Ad’Dahab0.77Moz
Masarrah1.57Moz
Ad Duwayhi2.4Moz
Mansourah3.05Moz
Al Amar1.12Moz
Ownership Interest Current After Development Decision
Orca 70% 70%
Local Partner 30% 10%
Government 0% 20%
Project Overview : Block 14 Gold Project
• 7% royalty
• 15% corporate tax
BishaVMS
Sukhaybarat0.89Moz
Miskah2.70Moz
ArRjum2.63Moz
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Block 14 Concession – 2,170 km2
Water Pipeline85 km (downhill)
Open
Open
Open
Railway
AREA 5 - Fresh Water Resource
Current Area135km2
Haul Road 65km
Galat Sufar South (GSS)Indicated: 2,839KozInferred: 670Koz
Wadi DoumIndicated: 208kozInferred: 82koz
20 km
N
Egyptian Border 35kmNubian Sandstone Formation
Priority Target: Liseiwi
Access Road
Abu HamadRiver Nile
Water Exploration Borehole
Pipeline Route
Block 14 Tenement
Resource
Water Production Borehole
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10 km
• Measured Water Resource of 80-100Mm3 *
• Water Extraction Permit = 980km2
• Supports 12,500m3/day for Life of Mine
• Water is Fresh
SupportsThroughput of
Permitted Water Resource Sufficient for LOM at 6Mtpa
Only 20%of aquiferdrilled to date
562km2
135km2
825km2
6.0Mtpa
Geophysical Survey Size Aquifer Target Size Drilled Resource Area
*As defined by GCS Water and Environmental Consultants Ltd
Previously Unknown Aquifer
Water Resource 135km2
Water Extraction Permit 980km2
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Feasibility Study Underway
❑ Water Exploration Drilling❑ Water Aquifer Modelling❑ Mining Throughput Study❑ FS Throughput Decision❑ Pit Geotechnical Drilling❑ Plant and TSF Geotechnical Drilling❑ Metallurgical Test Work❑ Resource Update❑ Environmental❑ Resource Expansion Drilling (Ongoing)❑ Pit Optimization, Design, Mine Schedule❑ Engineering
CONTRIBUTORS
COMPLETION OF FS: Q4 2018
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TSX-V: ORG
Category Mt Au g/t Koz
Indicated Resource 72.70 1.30 3,047
Inferred Resource 19.78 1.2 752
Prospect Category Mt Au g/t Koz
GSSIndicated 69.47 1.27 2,839
Inferred 17.77 1.2 670
Wadi DoumIndicated 3.17 2.05 208
Inferred 2.01 1.3 82
*Mineral Resource estimate completed by MPR Geological Consultants, Perth and reported at 0.60g/t Au cut-off as per press release January 29, 2018. Slight discrepancy in numbers due to rounding. Based on 98,754m of drilling in 688 holes.
• Indicated resources increase by 25% or 606 Koz of gold• 540koz in new Inferred resources defined
NI 43-101 Feasibility Study Resource Estimate
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GSS: Main Zone GSS: East Zone
MZ Section
EZ Section 1
500mN
EZ Section 2
GSS Main & East Zone: Plan View of Revised PEA Pits
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GSDD047 GSDD042
1a
1b
1c
2a
2b
2c
3
GSDD011A
0 50 100m
Geology GSS Main Zone Section
Intercepts
# m g/t Au
1a 10.9 2.76
1b 20.9 3.31
1c 50 2.75
2a 42 2.08
2b 11 4.90
2c 48 2.76
3 48 2.27
Andesite
Altered Sediment
Un-altered Sediment
K Feldspar Altered Diorite
Quartz Veins
Silica Replaced Rock
Dolerite Dyke
Foliated Quartz Sericite Pyrite Schist
Previous Drill Program Results
Current Drill Program Results
Planned Drill Holes
Drill Holes
Revised PEA Pit Outline
#
#
#
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TSX-V: ORG
0.20 to 0.50g/t
0.50 to 1.00g/t
1.00 to 3.00g/t
+3.00/t
Indicated Resources
Inferred Resources100m
Revised PEA Pit Design
Indicated Resources Expanded Below Revised PEA Pit
Block Model: GSS Main Zone Section
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TSX-V: ORG
1
2
0 50 100m
GSDD048 GSDD045
Intercepts
# m g/t Au
1 82 2.22 162 2.01
Geology: GSS East Zone Section 1
Andesite
Altered Sediment
Un-altered Sediment
K Feldspar Altered Diorite
Quartz Veins
Silica Replaced Rock
Dolerite Dyke
Foliated Quartz Sericite Pyrite Schist
Previous Drill Program Results
Current Drill Program Results
Planned Drill Holes
Drill Holes
Revised PEA Pit Outline
#
#
#
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100m
Revised PEA Pit Design
Indicated Resources Expanded Below Revised PEA Pit
Block Model: GSS East Zone Section 1
0.20 to 0.50g/t
0.50 to 1.00g/t
1.00 to 3.00g/t
+3.00/t
Indicated Resources
Inferred Resources
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TSX-V: ORG
GSDD017GSDD023
GSDD021GSDD028
0 50 100
Km
Intercepts
# m g/t Au
1a 6.0 2.38
1b 14.9 1.23
1c 88.0 1.80
2a 45.4 2.34
2b 30.5 1.42
3a 62.0 3.06
3b 42.8 1.98
4a 27.7 1.49
4b 30.0 1.26
4c 26.1 1.20
5 109.0 1.56
6 121.0 1.14
7 184.0 1.95
8 119.0 1.37
9 90.0 2.17
10 107.0 1.16
11 16.0 0.80
12 129.0 1.55
13a 143.0 1.84
13b 28.0 2.14
14a 112.0 1.61
14b 25.0 2.58
14c 19.4 2.09
15 98.0 2.09
16 44.0 1.16
17 44.8 2.87
18 62.0 1.67
1a
51b
1c
2a
2b3a
3b
4a
4b
4c
6
7
8
9
10
11
12
13a
13b
1516
18
14a
14b
14c
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Geology: GSS East Zone Section 2
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Revised PEA Pit Design
Indicated Resources
Expanded Below Revised PEA Pit
Block Model: GSS East Zone Section 2
0.20 to 0.50g/t
0.50 to 1.00g/t
1.00 to 3.00g/t
+3.00/t
Indicated Resources
Inferred Resources
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Section
Original DrillOrientation
Revised DrillOrientation
Plan View of GSS East Zone
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GSRC727: 41m at 2.07g/t
GSRC727: 123m at 1.96g/t
GSRC728: 34m at 1.09g/t
GSRC728: 50m at 2.05g/tGSRC729: 27m at 1.87g/t
GSRC731: 12m at 8.36g/t
GSRC730: 34m at 1.97g/t
0.20 to 0.50 g/t
0.50 to 1.00 g/t
1.00 to 3.00 g/t
+3.00 g/t
Indicated Resources
Inferred Resources
Block Model and Assay Grades
GSRC732: 7m at 1.11g/tCore tail to come
Feasibility StudyOptimisation Shell
Hanging Wall Zone
East Zone
East Zone Section with New Hanging Wall Zone
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TSX-V: ORG
N
Wadi Doum
• Mineralisation remains open in all directions
• Significant high grades intersected
0.50 to 1.00g/t
1.00 to 3.00g/t
>3.00g/t
0.20 to 0.50g/t
Au Grades:
Wadi Doum Plan View
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TSX-V: ORG
Note: No top cut applied
13m at 13.88g/tIncl. 5m at 36.77g/t
18m at 5.04g/tIncl. 7m at 10.44g/t
31m at 6.08g/tIncl. 12m at 11.53g/t
61m at 1.12g/t
30m at 5.03g/tIncl. 14m at 8.56g/t
24m at 3.85g/tIncl. 5m at 10.45g/t
17m at 12.19g/tIncl. 5m at 38.86g/t
20m at 1.09g/tTop of Fresh Rock
Wadi Doum: High Grade Intercepts
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TSX-V: ORG
0.20 to 0.50g/t
0.50 to 1.00g/t
1.00 to 3.00g/t
+3.00/t
Indicated Resources
Inferred Resources100m
Revised PEA Pit Design
Block Model: Wadi Doum Section
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20 km
N
EG2.2: 3m at 8.73g/t
Area 3A: 20m at 9.90g/t
NE Target: 17m at 6.68g/t
Wadi Doum: Four distinct high-grade shoots with grade at or below the pit shell
GSRC691: 14m at 13.37g/t
GSRC542: 30m at 8.06g/t
GSRC615: 27m at 5.47g/t
MET004DD: 30.8m at 9.67g/t
Liseiwi: High-grade discovery in 2016
GSRC595: 24m at 3.89g/t
GSRC596: 10m at 15.32g/t
GSRC599: 8m at 12.80g/t
Resource
Prospect
GSS Main Zone Footwall Structure and 320 Zone Shoots:
MET007DD: 20m at 7.18g/t
GSRC001: 17m at 4.72g/t
GSRC082: 8m at 23.58g/t
GSRC003: 19m at 13.6g/t
GSRC081: 16m at 17.97g/t
GSRC183: 7m at 9.67g/t
Exploration UpsideHigh-Grade Targets
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Project TimelineMilestones and upcoming catalysts
2018 2019 2020
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
FS
Permitting
Construction
Block 14
CDI
ExplorationDevelopment
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TSX-V: ORG
Orca Acquires Côte d’Ivoire Property Portfolio from Kinross
5.5% of Orca Gold
2% NSR on CDI Properties
Kinross will own:
3 Exploration Permits
7 Applications
Total 2,890km2 MORONDO:
Orca drilling confirms discoverymade by Red Back in 2010
New Project Côte d’Ivoire
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COTE D’IVORE
Guinea
Ghana
Liberia
Atlantic Ocean
Mali Burkina Faso
Sissingue
Angovia/Yaoure
Bonikro
Afema
Chirano
Ahafo
Akyem
Morondo Permit
Tongon
Batie West
Obuasi
Tarkwa
Syama
Edikan
Orca Application
Korokaha South Application
Banfora
Bassawa Permit
Satama Application
Zuénoula Est ApplicationZuénoula Ouest Application
Nzema
Agbaou
Ity
Orca Application
Orca Application
Korokaha North Permit
0 100
km
N
Côte d’Ivoire A Strategic Land Package
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Côte d’Ivoire: Morondo
19m at 1.35g/t
32m at 1.23g/t
50m at 1.12g/t
5m at 1.15g/t
6m at 0.85g/t
94m at 1.12g/t
5m at 1.10g/t
3m at 0.96g/t
9m at 1.85g/t
6m at 0.71g/t
8m at 0.73g/t
13m at 0.93g/t
34m at 1.13g/t
48m at 1.62g/t
27m at 1.02g/t
36m at 1.39g/t
7m at 1.11g/t
30m at 1.00g/t
24m at 1.39g/t
6m at 0.57g/t
2017 Holewith Intercept
Red BackDrill Holes
Wide Zones of Mineralisation From Surface
200m
7m at 1.71g/t
6m at 0.80g/t
8m at 0.96g/t
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Exploration Upsidefrom Prospective
Portfolio of Projects
Developing in Stable and Robust Operating
Environments
Advancing a Leading Development Project
in Africa
Investment Summary
• Proven Management
• Strategic Shareholders
• Strong Balance Sheet
• FS due Q4 2018 for Block 14Gold Project in Sudan
• Fast-tracking Discoveryat Morondo in Côte d’Ivoire
• Strong Government Relations
• Stable Operating Environment
• Economic Sanctions Liftedas of Oct 12,2017
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Notes
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TSX-V: ORG
orcagold.com
TSX-V: ORG
THANK YOU!
2000-885 West Georgia St.Vancouver BC V6C 3E8
Elina Chow | Investor Relations
Catch Advisory Group Inc.
+1 416 645 0935 x 226