Orford Mining Corporate Presentation OR ORFOR ORD D MINING ING July 2019 TSXV: ORM
Orford Mining Disclaimer Caution onary ry Statem ement Concern rning Forw rward rd-Lo Look oking Statem ements 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. Qualifi fied ed Person rson and Quality Assura rance and Quality Contro rol 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 Michelle Sciortino, P.Geo, Senior Project Geologist 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. 2 July 2019 19 TSX-V:ORM RM
Why Orford Mining? Orford Mining Investment Highlights • Recently completed two equity financing raising a total of C$4.6M whereby Alamos Gold became a New w strat ateg egic ic invest estor or 22.2% shareholder (May 17 and July 5, 2019) • Widely-held ownership with several strategic shareholders (Alamos, Dundee, RNC Minerals) Property covers 316 km 2 of the highly prospective and underexplored Cape Smith Belt • Qiqa qavik ik Proj ojec ect: : • Identified a 40-km long Qiqavik Break Shear Zone, which remains largely unexplored disco scovery of new w gold d • Discovered 11 large gold-mineralized areas distr trict ict • 2018 drill program discovered up to 24.6 m thick gold mineralization at Interlake Area Advanced stage Ni-Cu-PGE exploration project covering nearly 470 km 2 in the Cape Smith Belt West t Regla lan: : pot oten ential tial • for multiple iple large, e, high • Identified outcropping mineralization over +35 km of strike, many zones have very limited testing grade ade Ni-Cu Cu-PGE GE • Frontier Zone: similar geology to Glencore’s Reglan Mine (MI&I: 35Mt at 3.2% Ni, 0.93% Cu and 3.2 deposit osits s g/t PGE 1 ) with high-grade (2-3% Ni, 3+ g/t PGE) mineralized lens clusters over a 2,500 m strike Projects located in Quebec, which was the 4 th ranked jurisdiction in the world for mining investment • Safe, e, proven mining attractiveness according to 2018 Frasier Institute survey jurisdic isdictio ion • Success of mines such as Meadowbank, Meliadine and Reglan demonstrates viability of discovering and developing large-scale mining projects in northern Canada 1. This information is not necessarily indicative of the mineralization on Orford Mining’s properties 3 July 2019 19 TSX-V:ORM RM
Corporate Snapshot Orford Mining Capital Structure and Share Ownership Capital ital Structure Shar are e Owner ersh ship ip Management & Ticker TSXV:ORM Retail & Other RNC Minerals Insiders … Share Price (as of July 5, 2019) C$0.10 19% (TSX:RNX) 24% Basic Shares Outstanding 1 95.0M Options (weighted avg. strike of C$0.32) 6.6M Warrants (weighted avg. strike of C$0.51) 13.9M Dundee Fully Diluted Shares Outstanding 115.5M Resources Ltd. 14% Alamos Gold Market Capitalization (Basic) C$9.5M (TSX:AGI) Cash 1 C$0.4M 22% Enterprise Value C$9.1M Institutions² 1. March 31, 2019 cash balance of C$402,037. Does not include C$2.3 million private placement 21% completed on May 17, 2019 and C$2.3 private placement completed on July 4, 2019. 2. Includes Marquest Asset Management, T.I.P Wealth Manager and Caisse de dépôt et placement du Québec Shar are e Pric ice e Performa manc nce (Last st 12 Month ths) s) $0.35 0.20 Volume (M) Share Price (C$) $0.30 0.15 Share Price (C$) $0.25 ions) llions $0.20 ume (mill 0.10 $0.15 Volum $0.10 0.05 $0.05 $0.00 0.00 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Source: S&P Capital IQ 4 July 2019 19 TSX-V:ORM RM
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