redefining gold exploration in namibia investor …...gold corp. prior to that with nedbank capital...
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Redefining Gold Exploration in Namibia
Investor Presentation
February 2018
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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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
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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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
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
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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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.
Namibia Tectonic Setting
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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
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.
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
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
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)
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
Otjikoto East Exploration
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Otjikoto East Exploration
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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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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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Thank you.
For more information contact: Maria Kambazembi 13 Feld Street, Windhoek. Namibia Tel. +264 61 246 533 www.osinoresources.com