redefining gold exploration in namibia investor …...gold corp. prior to that with nedbank capital...

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1 Redefining Gold Exploration in Namibia Investor Presentation February 2018

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Page 1: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

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Redefining Gold Exploration in Namibia

Investor Presentation

February 2018

Page 2: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

Disclaimer

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

operations, strategy, plans, objectives, goals and targets, future developments in the markets where the Corporation participates

or is seeking to participate, and any statements preceded by, followed by or that include the words "believe", "expect", "aim",

"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 short form 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

other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments

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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Page 3: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

About Osino Resources Corp.

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Developing large & prospective gold concessions in emerging Namibian gold belt.

483,500ha portfolio incl. Goldkuppe discovery & growing pipeline of targets

Experienced mining professionals with track record in investment, sponsorship and

mine development/exploration

Aiming to become major player by consolidating & controlling significant portion of

the prospective gold belt in order to find Namibia’s next significant gold deposit

Page 4: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

Founders & Directors

Heye Daun (CEO, Co-founder & Director):

Mining engineer with +20 years of experience with top-tier mining co.’s and financial groups. Former

President & CEO of Ecuador Gold & Copper Corp. overseeing C$200m merger with Odin Mining. Co-founder

of Auryx Gold Corp. Co-lead Auryx through IPO, capital raising, project development to C$180m sale to B2

Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with

Rio Tinto, Anglo Gold & Gold Fields, building & operating mines in Africa.

Alan Friedman (President, Co-founder & Director):

South African-trained lawyer and public markets entrepreneur. Involved with North American public markets

for >15 years. Played integral role in acquisitions, financings & go-public transactions for many resource

companies onto TSX and AIM. Co-founder & Director of TSX-V listed Eco (Atlantic) Oil and Gas Ltd. and

Auryx Gold Corp. Director of the Canada-Southern Africa Chamber of Business.

David Toyoda (Non-Executive Director)

Mr. Toyoda is an Associate Counsel at Boughton Law Corporation, in Vancouver, British Columbia. He

practices in corporate and securities law, advising mining, technology and biotechnology companies that are

listed, or preparing to list, on Canadian exchanges. Mr. Toyoda graduated from UBC with a LL.B degree and a

B.Comm degree with honours and was called to the bar in 1993. He is a frequent presenter and lecturer on

corporate and securities law topics at conferences and universities, including the TSX-V and Simon Fraser

University. He is a Director of several public companies.

Eugene Beukman (Non-Executive Director, Corporate Secretary)

Corporate consultant to public companies in Canada since January 1994. Over thirty years of experience in

asset acquisition, and JVs. Previously with Gencor (predecessor to BHP). Graduated from University of

Johannesburg, South Africa, with a Bachelor of Law Degree and a Bachelor of Law Honors Postgraduate

Degree. Mr. Beukman is an Advocate of the High Court of South Africa. He is a Director and/or officer of

public companies trading on the TSX.V and the CSE.

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Page 5: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

Founders Track Record

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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-

out team, expanded

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

Page 6: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

Value Creation: The Auryx Gold Story

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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.

B2 Gold expandsproject to 200kozpa producer through aggressive exploration & scalable mill layout

Formation & initial financing of BC Ltd, pre-cursor to Auryx, aiming to acquire gold projects in Africa

B2 Gold pours first gold at Otjikoto

Project now valued at US$750m in B2

Sum-of-Parts

QKR acquires Navachab from AGA in US$110m transaction

Page 7: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

Our Core Competence

Leveraging skills & expertise to acquire & progress district-scale gold assets with multi-

million ounce potential in Namibia. We see our core competencies as:

Identify and evaluate quality portfolio prospects

Acquire assets from local vendors & government through proprietary relationships

Advance projects through execution focus and application of best-practice

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Page 8: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

Key Management

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Dave Underwood (VP Exploration)

BSc Geol (Hons)

Dave has 26 years of broad exploration experience in Africa and beyond. He spent his formative 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 etc. Commodities include gold, silver, base metals, uranium, manganese and iron

ore. Dave is a Fellow of the Society of Economic Geology, and a Registered Professional Scientist with

the SACNSP.

Jon Andrew (Country & Exploration Manager)

BSc Geol (Hons)

Mr Andrew is a geologist with more than 20 years’ experience in Exploration and Mining Geology. His

career has been focussed on the Africa and Middle East regions and includes diverse experience in

precious, base and rare metals, industrial minerals and coal. He has held exploration manager and senior

consulting positions with several major and junior mining companies listed on all major international stock

exchanges.

Emmanuel Shilongo (Exploration Geologist)

MSc (Applied Geology)

Mr. Emmanuel Shilongo is an Exploration Geologist, and currently oversees all the company’s field

activities. He has 9 years’ experience in Mineral Exploration Geology mainly in Namibia. Most of

Emmanuel’s experience has been in Uranium focused on both primary and secondary uranium

mineralisation, rare earth metals and copper exploration. Prior to joining Osino, Emmanuel 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.

Page 9: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

Namibia Tectonic Setting

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Page 10: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

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Osino License Position

Osino Targets

Producing Gold Mines

50km Grid squares

Total license position ~483,500ha

Damara Gold Belt has produced 2 world-

class gold deposits

- Navachab (>5moz) in production

- Otjikoto (>3moz) in production

Much of the belt under-explored or no

exploration at all

Otjikoto East &

Far East (Osino

Earn-in)

Goldkuppe &

Extensions

Twin Hills &

Okapawe

targets Navachab (QKR)

80kozpa

>5moz

Otjikoto (B2)

160kozpa

>3.5moz

Page 11: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

Exploration Focus Areas

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1. Goldkuppe Discovery & Extensions

2. Karibib Regional Exploration

3. Otjikoto East Exploration

4. New Target Generation in rest of belt

3.

2.

4.

1.

Page 12: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

Goldkuppe: Historical Drilling

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Significant historical spend (~US$5m &

20,000m drilled)

First DD hole intersected 50m @ 2.1 g/t

incl. 7m @ 9.0 g/t Au

Other highlights include:

12m @ 6.8 g/t, 14m @ 3.1 g/t

7m @ 3.6 g/t, 4m @ 11.6 g/t

5m @ 6,0 g/t, 6m @ 5.3 g/t and

1m @ 32.8 g/t Au

Page 13: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

Goldkuppe: Structural Review

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Dead Oryx

Spang

Goldkuppe soil

anomaly & 2016

drilling (square box)

Oasis

Calidus

Runway

Improved understanding of controls

after detailed H1 2017 review

Recently defined 5 untested extension

targets - follow-up ongoing

Drill-tested 5 extension 5 targets during

Q4 2017 – awaiting results

1km Grid squares

Page 14: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

Goldkuppe Extension Targets

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1km Grid squares

Structural review in H1 2017 in

order to better understand

structural controls

Drill-tested extension targets in

Q4 2017 – awaiting results

Follow-up ongoing (mapping,

sampling, geophysics)

Page 15: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

Karibib Regional Exploration

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Goldkuppe & Ext: follow-up

ongoing: mapping/sampling/

geophysics/drilling (Nov-17)

Albrechtshöhe & Cheshire Cat Targets

Soil anomaly with limited RAB drilling

15m @ 3.1 g/t & 9m @2.6 g/t

High grade rock chip samples (recent)

Dropstone

Okapawe/

Reinsheim

Twin Hills (large soil

anomaly in schist) –

Navachab look-alike Puffadder

Epako 50km’s of prospective strike

6 exciting new walk-on drill targets

based on recent soil geochem &

much better geological understanding

Courser most advanced & drill-ready

• large footprint (>1000m x 400m)

• Navachab lithology (schist)

Expect drill-testing of 1-2 of 6 targets

during H2 2017

Follow-up work on remaining targets

SOIL GRIDS

completed H1 2017

planned H2 2017

10km Grid squares

Page 16: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

Otjikoto East Exploration

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Page 17: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

Otjikoto East Exploration

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Page 18: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

Exploration Program & Budget

Systematic exploration under way to expand & advance our pipeline of targets

2018 Exploration budget of CAD4.0m (Jan to Dec-18). Scalable subject to exploration

results & RTO process/next financing

Planning minimum CAD2.5m cash in treasury by March 2018 (excl. next financing)

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Page 19: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

Why Us ?

1. Clear strategy

2. Solid team (complementary strengths + track record)

3. Diverse pipeline of opportunities

4. Proven ability to execute

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Page 20: Redefining Gold Exploration in Namibia Investor …...Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo

Thank you.

For more information contact: Maria Kambazembi 13 Feld Street, Windhoek. Namibia Tel. +264 61 246 533 www.osinoresources.com