OreCorp Limited is the ASX Listed (ORR) corporate vehicle of Craig Williams and Matt Yates – former President and CEO of Equinox Minerals and Joint Managing Director of Mantra Resources respectively. Equinox and Mantra were acquired via cash takeovers for a combined value of >$8 billion in 2011. OreCorp is well funded with no debt and its key projects are the advanced high-grade multi-million ounce (3.07Mozs grading 4.03g/t Au) Nyanzaga Gold Project in northwest Tanzania, on which a Project Financing DFS has commenced and the Akjoujt South nickel-copper-cobalt Project in Mauritania. OreCorp is expanding its corporate profile and looking for new business opportunities.
Craig Williams – Non-Executive Chairman
Co-Founder and CEO of Equinox Minerals through project acquisition, permitting, development and operation, ultimately leading to US$7B acquisition by Barrick Gold.
Matthew Yates – Managing Director
Former joint MD of Mantra Resources and MD of OmegaCorp, >20 years African experience including five year residential stint in Tanzania.
What is your rationale for attending 121 Mining Investment?
Expand the company profile
What recent news would you like to highlight to investors attending?
Project Financing Definitive Feasibility Study is continuing on the Nyanzaga Gold Project in Tanzania which hosts MRE of 23.7Mt @ 4.03g/t gold for 3.07Moz gold. OreCorp is advancing to 100% ownership of the Project. Permitting is progressing with the grant of the Environmental Certificate and the Special Mining Licence application has been recommended for grant by the Tanzanian Mining Commission.
An evolving nickel-copper-cobalt story at the Akjoujt South Project in Mauritania with drill intersected sulphide mineralisation and a suite of Electromagnetic anomalies recently identified.
What are your key goals for the next 3, 6 and 12 months?
Advance ownership and permitting.
Progress Project Financing DFS.
Continue on the pathway to become a producer.
In a sentence, what do you think makes your company such a compelling investment?
The Company is undervalued; has excellent management, is well funded and has a robust project at Nyanzaga.