orford mining...orford mining tsx-v:orm over 818 km2 land position in the highly prospective and...
TRANSCRIPT
ORFORD MINING
Orford MiningCorporate Presentation
Corporate Presentation
TSXV: ORMJune 2020
TSX-V:ORM
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 and West Raglan properties.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements 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
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
(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 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 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 www.sedar.com.
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
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 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 securities laws.
The TSXV has neither approved nor disapproved the contents of this presentation.
Qualified Person and Quality Assurance and Quality Control
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 43-101.
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
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 Alger St-Jean, P.Geo, VP Exploration who is responsible for all aspects of the work, including the quality control/quality assurance 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 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 is
selected by the site geologist or the lab when samples contain coarse gold or higher percentage of sulfide mineralization that may be associated with gold relative to surrounding intervals. All
samples are also analyzed for multi-elements, including copper and silver, using a four-acid method with an ICP-EOS and ICP-MS finish at Techi-labs affiliated 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 QA/QC program consistent with NI 43-101 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 addition to those inserted by the lab. A subset of samples has not yet been sent for a verification assay at another lab.
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-P-1579.
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 43-101
Technical Report on Qiqavik Project, Northern Quebec, Canada” effective September 14, 2017, and on Orford Mining’s press releases available on SEDAR. The information disclosed herein in
respect of the West Raglan Property is based on the independent report of Clement Dombrowski, P.Geo. titled “NI 43-101 Technical Report on West Raglan Project, Northern Quebec, Canada”
effective February 20, 2017.
June 20202
Disclaimer
Orford Mining
TSX-V:ORM June 20203
Why Orford Mining?Investment Highlights
New strategic investor
Qiqavik Project (100%):
discovery of new gold
district
West Raglan (100%):
potential for multiple
large, high grade Ni-Cu-
PGE deposits
Joutel South/McClure
East Properties (100%)
• Raised a total of C$4.6M in May 2019 whereby Alamos Gold became a 22.2% shareholder
• Widely-held ownership with several strategic shareholders (Alamos, Dundee, RNC Minerals) and
strong institutional ownership
• Property covers 348 km2 of the highly prospective and underexplored Cape Smith Belt
• Identified a 40-km long Qiqavik Break Shear Zone with 11 gold mineralized areas, which remain
largely unexplored
• The 2019 exploration program Intersected gold in all six holes, drilled in three different geological
structures, and made a number of high grade surface gold discoveries.
• Two new properties recently acquired in the Joutel district of the Abitibi Region of Quebec.
• Both are situated on either the Joutel Volcanic Sequence structure or the eastern edge of the Casa
Berardi Structural Zone.
• Both have seen very little exploration but are proximal to a number of past producers.
• Advanced stage Ni-Cu-PGE exploration project covering nearly 470 km2 in the Cape Smith Belt
• Identified outcropping mineralization over +35 km of strike, many zones have very limited testing
• Frontier Zone: similar geology to Glencore’s Raglan Mine (MI&I: 35Mt at 3.2% Ni, 0.93% Cu and 3.2
g/t PGE1) with high-grade (2-3% Ni, 3+ g/t PGE) mineralized lens clusters over a 2,500 m strike
1. This information is not necessarily indicative of the mineralization on Orford Mining’s properties
Orford Mining
TSX-V:ORM June 20204
David ChristiePresident, CEO, and
Director
• Professional Geologist with more than 34 years of experience in the resource sector
• Former Vice President with Goodman & Company Investment Counsel and Dundee Resources Inc.
• Former President, CEO, and Director of Eagle Hill Exploration and former mining research analyst at TD and Scotia
• Former Director of eCobalt Solutions Inc., Osisko Mining Inc. and Condor Precious Metals (private)
Cindy DavisCFO
• Accounting professional with 18 years of accounting experience, 12 of which has been with Marrelli Support
Services at a Senior Level. Registered as a CA and a CPA.
Alger St-JeanVP Exploration
• Professional Geologist with +25 years of experience in mineral exploration and development
• Current VP Exploration of RNC Minerals and former Senior Geologist at Xstrata Nickel (formerly Falconbridge)
Michelle SciortinoSenior Project Manager
• Professional Geologist with +10 years of experience in mineral exploration and development
• Current Senior Project Geologist with RNC Minerals
Mark SelbyChairman
• Currently Chairman and CEO of Canadian Nickel Company
• Former 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 and former VP Business Planning & Market Research
at Quadra Mining
John LeddyDirector
• Over 20 years of experience as a business lawyer and in private equity specializing in M&A, capital raising and
structuring and other strategic transactions. Former Partner in Business Law Group (M&A) at Osler
• Currently: Senior Advisor, Legal & Strategic Matters at RNC Minerals; Director and Senior Advisor, Legal & Strategic
Matters at Canada Nickel Company
Mark GoodmanDirector
• Former Executive VP 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
Lawrence SmithDirector
• +25 years of experience in investment management, equity research, and banking – MBA and CFA holder
• 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
Ben PullingerDirector
• Professional Geologist with over 15 years of exploration and mining experience
• Current Senior Vice President of Geology for Excellon Resources Inc.
• Former Vice-President Exploration at Roxgold Inc.
Peter MacPhail
Director• Professional Engineer with over 25 years of operational experience
• Current Chief Operating Officer of Alamos Gold Inc,
• Former Chief Operating Officer of AuRico Gold
Management & Board of DirectorsHigh Quality Exploration Team and Capital Markets-Focused Board
Orford Mining
TSX-V:ORM June 20205
Capital Structure
Ticker TSXV:ORM
Share Price (as of June 12, 2020) C$0.08
Basic Shares Outstanding1 95.2M
Options (weighted avg. strike of C$0.29) 6.0M
Warrants (weighted avg. strike of C$0.51) 13.9M
Fully Diluted Shares Outstanding 115.1M
Market Capitalization (Basic) C$7.6M
Cash1 C$0.8M
Share Ownership
1. April 16, 2020.
2. Includes the following institutions: Marquest Asset Management, T.I.P Wealth Manager and Caisse de
dépôt et placement du Québec
Source: S&P Capital IQ
Corporate SnapshotCapital Structure and Share Ownership
RNC Minerals
(TSX:RNX)
24%
Alamos Gold
(TSX:AGI)
22%
Institutions²
21%
Dundee
Resources Ltd.
14%
Retail & Other
19%
Management &
Insiders…
Orford Mining
TSX-V:ORM
Over 818 km2 land position in the highly prospective and underexplored Cape Smith BeltQuebec: 4th ranked jurisdiction in the world for mining investment attractiveness according to 2018 Frasier Institute survey
Qiqavik Project (Au)(100%)
• ~348 km2 property in the upper Cape Smith Belt, in 2019 added 10%
to our property position to cover IP Lake trend
• 40 km long Qiqavik Break Shear Zone
• Discovered >11 large gold-mineralized areas
• 6 drill hole program in 2019 was successful in intersecting gold
mineralization in all six drill holes.
West Raglan Project (Ni, Cu, PGE’s)(100% Interest)
• ~470 km2 property in the lower Cape Smit Belt
• Traced outcropping sulphide mineralization over +35 km strike
• Frontier Zone: identified five high-grade (2-3% Ni, 3+ g/t PGE) mineralized
lens clusters over a 2,500 m strike
• Frontier Zone has comparable geology to Glencore’s Raglan Mine
Royalties
• Owns a 3.5% NSR on the Falan property (Malabar Gold Corp.) and a 2%
NSR on the Santa Ana property (Outcrop Gold Corp.) both in the Mariquita
Silver district of Columbia. This district was one of Colombia’s most prolific
colonial silver camps.
Hope Bay (TMAC)Commercial production in 2017. 7.7 g/t Au reserve grade
Meadowbank (Agnico Eagle)Commercial production in 2010. 3.5 g/t Au reserve grade
Meliadine (Agnico Eagle)Commercial production in May 2019. 7.0 g/t Au reserve grade
Raglan (Glencore)Produces 37,000 tonnes per year of nickel in concentrate
One of the richest base metal mines in the world
Project PortfolioFocused on underexplored area of Quebec
June 20206
McClure East and Joutel South Underexplored Historic Au Belt
McClure East and Joutel South
• Located in the prolific gold mineralized Casa Berardi /Joutel Structures, in the
Abitibi region
• Properties are the underexplored extension of the Joutel trend that hosted
both Agnico-Eagle Mines Ltd.’s (AEM-T) founding gold mine Eagle/Telbel
which produced in excess of 1.1Moz of gold and a number of copper assets
that have produced 244 Mlbs of copper, 116Mlbs of Zinc and 52Mlbs of
silver (Système d'information géominière of Québec “SIGEOM”,
Quebec Ministry of Energy and Natural Resources. April 20,2020)
Orford Mining
TSX-V:ORM
Joutel AreaUnderexplored since early 1990’s
June 20207
Orford Mining
TSX-V:ORM
Joutel – McClure East StakingUnder – explored region - very accessible 100% owned Properties
June 20208
Orford Mining
TSX-V:ORM
McClure East CompilationRe-interpreted geology improving prospectivity
June 20209
SIGEOM
Geology
Updated
Geology
Historical Drilling indicates that the felsic volcanic
package to the West hosting the historic Telbel, Eagle
Mines continues onto the McClure East
Orford Mining
TSX-V:ORM
McClure EastLimited Work to Date but Some promising Results
June 202010
Compilation of historical RC Drilling on the property indicated anomalous area on
eastern part of the McClure East property, up to 30,000ppb and 8 grains of gold in
overburden material.
Orford Mining
TSX-V:ORM
Joutel SouthExtremely Under-Explored. Re-Interpretation increasing prospectivity
June 202011
SIGEOM
Geology
Updated
Geology
Historical Drilling indicates that the felsic volcanic
package to the north hosting the historic Telbel, Eagle
folds southward onto the Joutel South property
Orford Mining
TSX-V:ORM June 202012
40-km long Qiqavik Break Shear Zone remains largely unexplored with potential for multiple large gold deposits
1. This information is not necessarily indicative of the mineralization on Orford Mining’s properties
• 100% interest in ~348 km2 of highly prospective
gold properties in northern Quebec
• ~60 km from Glencore’s world-class Raglan Mine
• The parallel ultramafic “Raglan Belt” has yielded
world-class nickel deposits, but the northern
volcano-sedimentary portion of the Belt remains
virtually unexplored
• Property covers the 40 km long Qiqavik Break
Shear Zone and part of the Cape Smith Belt
• Gold districts with similar tectonic and age setting
to the Cape Smith Belt include1:
➢ Flin Flon/Snow Lake, Canada
➢ Ashanti Belt, West Africa
➢ Tanami Goldfields, West Australia
➢ Tapajos-Parima Belt, Brazil
• 11 significant mineralized areas discovered
➢ Includes Interlake, Esperance, Esperance West, Horizon,
Aurora, Aurora West, Gerfaut, Gerfaut South, ABG Zone,
Focused Intrusive and Central Qiqavik
Qiqavik ProjectLarge, Highly Prospective Land Package in an Underexplored Emerging Gold District
Orford Mining June 2020
Qiqavik Gold Project
13
High grade gold surface showings are prolific across the +40 km long property
Orford Mining
TSX-V:ORM June 2020
Qiqavik Project - Property Wide Drilling
14
+40 Km of Gold mineralization
Eastern Property Historic Work
1995 -1998 Falconbridge – SOQUEM
• FL drilled two holes into an EM anomaly and SOQUEM later resampled in DDH PAR96-01 extended mineralized zone to 10.5m of 3.08g/t Au which includes
1.1m of 5.45 g/t Au, 0.59%Zn and 3.4m of 6.79 g/t Au and 0.37% Zn
2011-2012 Tectonic Resources – Corvus Gold
• Geochem surveys across the eastern section of Qiqavik
Orford Mining June 2020
Qiqavik - 2019 Drilling Summary
15
Gold in all 2019 Drill holes
Qiqavik Break
Orford Mining
TSX-V:ORM
Qiqavik – IP Lake Shear ZoneLARGE TILL –TOTAL COUNT PER 10KG
June 202016
• Existing till
data suggest
several
potential
sources
• Anomaly
open to
south and
east.
• Source of
Eric’s
boulder train
not identified
in current
data.
Orford Mining
TSX-V:ORM
Eric
Boulder
Train?
Large fine
component
Qiqavik – IP Lake Shear ZoneLARGE TILL-COARSE COUNT PER 10KG
June 202017
Orford Mining
TSX-V:ORM
Qiqavik – IP Lake Shear ZoneLARGE TILL-MORPHOLOGY
June 202018
% Pristine Grains
Tota
l C
ou
nts
All samples shown, IPLS area tills are blue. High % pristine grains = local source (avg 90%)
Orford Mining
TSX-V:ORM
Qiqavik – IP Lake Shear ZoneLARGE TILL –HMC MINERALOGY
June 202019
• IPLS hosts
highest gold
grain counts on
the property
• Counts similar
magnitude to
other known
deposits
• Possible multiple
sources.
Orford Mining
TSX-V:ORM June 2020
Qiqavik - Interlake
20
High Priority Targets along strike extensive thick Gold Mineralized system
Orford Mining
TSX-V:ORM June 2020
Qiqavik - Focused Intrustion
21
Widespread Gold mineralization
Hole From (m) To(m) Length (m) Au g/t
QK-19-006 17.39 17.69 0.3 3.37
QK-19-006 34.46 35.19 0.73 0.65
QK-19-006 40.77 43.26 2.49 0.68
including 41.78 42.15 0.37 2.53
QK-19-006 48 50 2 0.94
including 48 48.3 0.3 5.48
QK-19-006 104 113.41 9.41 0.41
including 104 105 1 0.93
including 111.09 112 0.91 2.3
QK-19-006 173.42 175.26 1.84 2.8
including 173.42 174 0.58 8.57
QK-19-006 193.86 194.2 0.34 0.88
Orford Mining
TSX-V:ORM June 2020
Qiqavik–Esperance Gold–Copper Trend
22
The Best Conductors Remain Untested or Poorly Tested
Orford Mining
TSX-V:ORM
Orford MiningLocal 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 Landholding Corporations to hire local workforce during summer exploration programs
• Inuit hiring and training in each exploration program.
• 2019, 11% of 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
Fostering strong relationships with government, local communities and First Nations Groups
June 202023
Orford Mining
TSX-V:ORM June 202024
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
43-101 Technical Report on West Raglan Project, Northern Quebec, Canada” effective February 20, 2017
Location in the Cape Smith Belt
West Raglan ProjectLarge Land Package in a Rich Nickel, PGE District
Massive 470 km2 property in a prolific, yet underexplored region in Quebec
• 100%-owned, advanced stage Ni-Cu-PGE
exploration project covering nearly 470 km2 in
the Cape Smith Belt, Nunavik, Quebec
• Cape Smith Belt is host to prolific high-grade
polymetallic nickel deposits and includes two
operating mines: Raglan and Nunavik Nickel
• Located ~60 km from Glencore’s Raglan
Mine
➢ Raglan is a first quartile cash cost nickel
operation
➢ One of the highest ore grades among
significant global nickel deposits (P&P
reserves: 11.3Mt at 2.79% Ni, 0.76% Cu
and 2.83 g/t PGE)
• Orford is seeking strategic partners to explore
and develop the property
Ground views of West Raglan property
Orford Mining
TSX-V:ORM June 202025
West Raglan ProjectOverview of Key Targets
Identified outcropping sulphide mineralization over +35 km of strike with limited testing at many zones
• Magnetic signatures, lithogeochemistry, and geology are the same at West Raglan’s Frontier zone as Glencore’s Raglan Mine
• The Southern part of property has magnetic and till anomalies suggestive of Nunavik Mine (South Trend) style mineralization
➢ Nunavik Mine had a 2010 M&I resource estimate of 21.9M tonnes at 0.93% Ni, 1.15% Cu, 0.05% Co and 2.86 g/t PGE
Orford Mining
TSX-V:ORM June 202026
West Raglan ProjectFrontier Zone
• Identified five key mineralized lens clusters
over a 2,500 m strike
• 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 m depth
• Intersected many high-grade drill holes over
past exploration programs (2003 to 2008)
across the Frontier Zone
Overhead of Frontier Zone with highlighted historical drill intercepts
Orford Mining
TSX-V:ORM
Orford MiningReasons to Invest
June 202027
Strong strategic investor support
Massive land position in
emerging new gold district
Potential discovery of multi-million ounce gold
deposits
Safe, proven mining
jurisdiction
Orford Mining has potentially discovered a new gold district in the
highly prospective and underexplored Cape Smith Belt in Northern Quebec
Well-funded and commenced a new exploration program in May 2019
Orford Mining
TSX-V:ORM June 202028
Notes
Orford Mining
TSX-V:ORM June 202029
Notes
Orford Mining
TSX-V:ORM June 202030
Orford Mining
David Christie
President & CEO
416-309-0609
141 Adelaide Street West, Suite 1608
Toronto, Ontario
M5H 3L5
www.orfordmining.com
THANK YOU!
TSX-V: ORM