all summer long Mining Journal Select London June 27, 2018 www.or - PowerPoint PPT Presentation

„Black Friday discounts all summer long “ Mining Journal Select London – June 27, 2018 www.or oreni eninc nc.com com www.mi minin ningd gdea ealclu lclub. b.com om Oreninc.com M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8

2 Who are we? NORTH AMERICA EUROPE North Americas‘s leading provider of relevant financing German stock letter information in the junior commodities space! Since October 2012 Home of the Oreninc Deal Log & Oreninc Index 72% PERFORMANCE in 2016 8% PERFORMANCE in 2017 Acquired in September 2016 Site Visits, Conferences, etc. Kai Hoffmann, CEO Oreninc.com M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8

New website www.thecompanynobodycanpronounce.com Oreninc.com M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8

Oreninc • TRACKING OVER 1,400 COMPANIES on the TSX, TSX Venture Exchange and Canadian Stock Exchange • LOGGED +32,500 DEALS since 2011 • Collected close to 1,200,000 DATA POINTS • Data-driven approach to examining financings • IN-HOUSE data analyst • CONSULTING on capital raises and ancillary aspects • SECTOR & BROKER REPORTS Oreninc.com M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8

Our Criteria Tracking of the Junior Mining Market Market Capitalisation < 1.5bn CAD Financings < 100mn CAD Oreninc.com M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8

Oreninc Index WEIGHTED INDEX FACTORS  Total $s of Financings Opened  Percentage of Broker Participation  Total # of deals opened Oreninc.com M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8

PDAC & Oreninc www.pdac.ca 39-pages ▪ Macroeconomic Environment ▪ Financing Trends ▪ Exploration Trends ▪ Fiscal Incentives Oreninc.com M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8

Trend reversal in 2016 Total Dollars raised since 2011 CSE TSX TSX-V 2011 2012 2013 2014 2015 2016 2017 CSE $25.174.039,00 $37.200.899,71 $14.496.915,42 $16.156.285,05 $24.353.373,94 $53.675.938,83 $118.254.102,81 TSX $3.256.067.107,00 $2.300.657.781,95 $1.169.895.622,27 $1.660.296.913,48 $1.277.331.827,57 $2.113.001.095,22 $1.440.409.681,18 TSX-V $4.986.678.146,00 $2.368.123.133,02 $1.125.742.949,77 $1.692.766.484,95 $1.183.445.570,05 $2.660.434.667,71 $3.143.867.579,56 Oreninc.com M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8

Average $$$s raised Average Dollar Amount of Transactions by Exchange TSX-V: C$2.8mn 25 TSX: C$9.6mn CSE TSX TSX-V CSE: C$1.6mn 20 $ Millions 15 10 5 0 2011 Qtr1 Qtr2 Qtr3 Qtr4 2012 Qtr1 Qtr2 Qtr3 Qtr4 2013 Qtr1 Qtr2 Qtr3 Qtr4 2014 Qtr1 Qtr2 Qtr3 Qtr4 2015 Qtr1 Qtr2 Qtr3 Qtr4 2016 Qtr1 Qtr2 Qtr3 Qtr4 2017 Qtr1 Qtr2 Qtr3 Qtr4 Oreninc.com M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8

Statistics for 2018 Average Deal size in 2018 Number of Deals by Exchange $12.000.000 TSX; $10.044.221 30 $10.000.000 33 $8.000.000 $6.000.000 $4.000.000 TSX-V; $3.466.042 415 CSE; $1.552.889 $2.000.000 $- TSX-V TSX CSE TSX-V TSX CSE Deals closed Oreninc.com M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8

Top 10 – 2018 so far TSX TSX-V TSX TSX Nemaska Lithium Inc. Lithium $ 99.075.000 Torex Gold Resources Inc. Gold $ 61.677.000 PetroShale Inc. Oil & Gas $ 92.460.000 Orezone Gold Corporation Gold $ 44.920.000 Africa Energy Corp. Oil & Gas $ 57.982.500 eCobalt Solutions Inc. Cobalt $ 29.900.000 Mason Graphite Inc. Graphite $ 45.000.000 Gold Standard Ventures Corp. Gold $ 28.188.402 Excelsior Mining Corp. Copper $ 38.635.200 Asanko Gold Inc. Gold $ 22.473.440 West African Resources Ltd. Gold $ 34.300.000 Seabridge Gold Inc. Gold $ 19.734.000 Trilogy Metals Inc. Copper $ 31.480.000 International Tower Hill Mines Ltd. Gold $ 15.595.200 Orla Mining Ltd. Gold $ 30.760.000 NGEx Resources Inc. Copper $ 12.500.000 Alphamin Resources Corp. Tin $ 28.525.389 Serabi Gold PLC Gold $ 11.532.721 Alphamin Resources Corp. Tin $ 27.474.126 Rubicon Minerals Corporation Gold $ 10.890.000 Oreninc.com M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8

Current mood Integra Resources: • 220.98m of 2.16 AuEq in Idaho • Stock hits all-time low Oreninc.com M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8

Oreninc.com 10 20 30 40 50 60 70 80 90 0 Total # financings opened 13-Jan-11 13-Mar-11 13-May-11 13-Jul-11 13-Sep-11 13-Nov-11 13-Jan-12 13-Mar-12 13-May-12 13-Jul-12 13-Sep-12 13-Nov-12 13-Jan-13 13-Mar-13 M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8 13-May-13 13-Jul-13 13-Sep-13 13-Nov-13 13-Jan-14 13-Mar-14 13-May-14 13-Jul-14 13-Sep-14 13-Nov-14 13-Jan-15 13-Mar-15 13-May-15 13-Jul-15 13-Sep-15 13-Nov-15 13-Jan-16 13-Mar-16 13-May-16 13-Jul-16 13-Sep-16 13-Nov-16 13-Jan-17 13-Mar-17 13-May-17 13-Jul-17 13-Sep-17 58, 59 & 59 deals 13-Nov-17 3 weeks of 13-Jan-18 13-Mar-18 13-May-18

The first 22 weeks – 2015 to 2018 80 70 60 50 40 30 20 10 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 2018 2017 2016 2015 Oreninc.com M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8

The first 22 weeks 2015 562 2016 753 2017 849 2018 560 0 100 200 300 400 500 600 700 800 900 Oreninc.com M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8

Oreninc.com 10 15 20 25 30 Brokered Deals 0 5 13-Jan-11 13-Mar-11 13-May-11 13-Jul-11 13-Sep-11 13-Nov-11 13-Jan-12 13-Mar-12 13-May-12 13-Jul-12 13-Sep-12 13-Nov-12 13-Jan-13 13-Mar-13 M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8 13-May-13 13-Jul-13 13-Sep-13 13-Nov-13 13-Jan-14 13-Mar-14 13-May-14 13-Jul-14 13-Sep-14 13-Nov-14 13-Jan-15 13-Mar-15 13-May-15 13-Jul-15 13-Sep-15 13-Nov-15 13-Jan-16 13-Mar-16 13-May-16 13-Jul-16 13-Sep-16 13-Nov-16 13-Jan-17 13-Mar-17 13-May-17 13-Jul-17 13-Sep-17 13-Nov-17 4 deals for 13-Jan-18 C$8mn 13-Mar-18 13-May-18

Oreninc.com 10 12 14 16 18 Bought Deals 0 2 4 6 8 13-Jan-11 13-Mar-11 13-May-11 13-Jul-11 13-Sep-11 13-Nov-11 13-Jan-12 13-Mar-12 13-May-12 13-Jul-12 13-Sep-12 13-Nov-12 13-Jan-13 13-Mar-13 M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8 13-May-13 13-Jul-13 13-Sep-13 13-Nov-13 Bought Deals - 2011 to today 13-Jan-14 13-Mar-14 13-May-14 13-Jul-14 13-Sep-14 13-Nov-14 13-Jan-15 13-Mar-15 13-May-15 13-Jul-15 13-Sep-15 13-Nov-15 13-Jan-16 13-Mar-16 13-May-16 13-Jul-16 13-Sep-16 13-Nov-16 13-Jan-17 13-Mar-17 13-May-17 13-Jul-17 13-Sep-17 0 Bought Deals 13-Nov-17 13-Jan-18 13-Mar-18 13-May-18

Warrant trends Financings & Warrants 2016 - today 44% 43% 42% 31% 31% 29% 28% 26% 25% 1/1 Warrant 1/2 Warrant 0 Warrant 2018 2017 2016 Oreninc.com M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8

Oreninc Index Oreninc.com M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8

20 MINING DEAL CLUB ACCESS TO HIGH-QUALITY, QUALITY PRE-VETTED FINANCING OPPORTUNITIES INTEGRITY INFORMATION AND ACCESS INDEPENDCE NO FINDER‘S FEES OR BACK DOOR DEALS Oreninc.com M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8

21 MINING DEAL CLUB OUR EXPERTS Brent Cook Paul Harris Economic Geologist Mining Jounalist Tim Oliver Kai Hoffmann Minerals Engineer Capital Markets Oreninc.com M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8

www.oreninc.com www.miningdealclub.com Oreninc.com M i n i n g J o u r n a l S e l e c t – L o n d o n - J u n e 2 0 1 8