Orea Mining is a leading gold exploration and development company with a portfolio of high-quality projects in a prospective and underex-plored segment of the Guiana Shield in South America. Its mission is to develop gold deposits following the highest international standards for responsible mining.

Montagne d'Or Project*

Permi�ng

Gold Resources: 3.85 M oz Measured & Indicated

(85.1 M tonnes @ 1.405 g/t Au)

0.96 M oz Inferred

(20.2 M tonnes @ 1.484g/t Au)

Gold Reserves: 2.75 Moz Proven & Probable

(54.11 M tonnes @ 1.58 g/t Au)

BFS Highlights

Bankable Feasibility Study (BFS)

Gold price: US$1,250CAPEX: US $361 million

AISC: US $779 per ounce (LOM)LOM: 12 years

Produc�on: 2.57 M oz (LOM)

237,000 oz (yrs 1-10)

Average Mined Grade: 1.73 g/t Au (yrs 1-10)NPV (at 5%): US $370 million (Aſter-tax)IRR: 18.7% (Aſter-tax)

Maripa Gold Project

Explora�on

An�no Gold Project

Op�on to acquire 100% from IAMGOLDFive con�guous permits covering 120 km2

Advanced Explora�on

Op�on to acquire up to 75%Stage: Resource Defini�on2 con�guous mining �tles covering 200 km2Situated at the intersec�on of major gold deforma�on zones

Similar geology to IAMGOLD's Rosebel worldclass gold minePast drilling limited to shallow depths

Five par�ally defined broad gold zonesDrillhole intersec�ons of economic interest

2019 Prospec�ng returned high grade samples:

Site 1: from 5.84 to 86.80 g/t gold

Resource is confined within a Whittle optimization pit shell using cut-off grade of 0.4 g/t and a gold price of US$1,300/oz. Mineral reserves are inclusive of the M&I resources and are reported at varied cut-offs dependent on lithological rock types, economics, metallurgical recoveries and a gold price of US$1,200/oz. For more details on the BFS, refer to press dated March 20, 2017.

Site 2: from 5.98 to 115.70 g/t gold Site 3: from 6.83 to 52.33 g/t gold Site 4: from 13.07 to 15.22 g/t gold

2020 Drilling: 2,530 meter, 17 hole program

2022 Drilling Program in progress

Orea's principal asset is a major interest in the Montagne d'Or Gold Deposit, which hosts NI-43-101 Proven and Probable Reserves of 2.75 million oz gold (54.11 million tonnes @ 1.58 g/t gold). The Feasibility Study completed in 2017 contemplates an open pit operation with average annual gold production of 237,000 oz over the rst 10 years of mine life at an average grade of 1.73 g/t that results in an average AISC of US$749 per ounce. There is considerable potential to increase mine Reserves by in ll and expansion drilling.

Orea is also advancing the Maripa and Antino gold explorations projects both situated in the highly prospective Guiana Shield. Concurrently, Orea is consolidating a portfolio of high-quality gold exploration projects. A 1,000 metre diamond drill program is underway on the Maripa Gold Project in Q1 2022.

Management & Directors

Rock Lefrançois - President & CEO

Robert Giustra - Chairman

A professional geologist with over 30 years of experience, including positions with Cambior and Aur Resources and over 15 years in the management of publicly listed junior resource companies.

Former investment banker with over 25 years of experience creating, nancing and leading junior mining companies and is a former member of the TSX Venture Exchange's Local Advisory Committee.

Andrew Yau - Execu�ve Vice President & CFO

Peter Gianulis - Director

Over 15 years experience working with publicly listed resource companies in accounting and nance roles.

President and Managing Director of Carrelton Asset Management, an asset management and private equity rm specializing in natural resource companies.

Guillaume Courtois - Country Mgr, French Guiana A professional geologist with 10 years of experience with junior exploration companies in Canada and French Guiana.

Marie-Hélène Bérard - Director

Former high-ranking French civil servant and Special Adviser to former French President Jacques Chirac.

Michel Jébrak - Advisor

Oleg Pelevin - Director

One of the most highly published geologists in the French speaking world. More than 30 years of mining industry experience, including with the national geological surveys of Morocco and of France (BRGM).

Director of Strategy & Corporate Development at Nordgold since its founding as the gold mining division of Severstal.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Orea Mining Corporation published this content on 31 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2022 19:35:46 UTC.