OreCorp Limited is an ASX Listed (ORR) company with Matt Yates and Craig Williams as Managing Director and Chairman – former Joint Managing Director of Mantra Resources and President & CEO of Equinox Minerals respectively. Mantra and Equinox 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 Hobbes Gold Project in Western Australia. OreCorp is expanding its corporate profile and looking for new business opportunities.
Matthew Yates – CEO & Managing Director
Mr Yates is a geologist with over 30 years’ industry experience, covering most facets of exploration from generative work to project development. Most recently, he was the Joint Managing Director of Mantra Resources Limited and was instrumental in the acquisition of a number of uranium projects, including Mkuju River (Tanzania), Kariba (Zambia) and Mavuzi (Mozambique). He has worked in Australia and southern, east and west Africa, Central Asia and the Gulf Region. He managed exploration teams in Western Australia and Tanzania respectively. Mr Yates has an applied technical background and has held senior positions for over 20 years, including resident Exploration Manager in Tanzania for Tanganyika Gold Limited.
What is your rationale for attending 121 Mining Investment?
We aim to raise the profile of the Company and meet as many potential investors as possible.
What recent news would you like to highlight to investors attending?
OreCorp has completed 100% ownership of the Nyanzaga Project.
21/10/2019 – Completion of acquisition of 100% of Nyanzaga Project
16/09/2019 – OreCorp Receives Tanzanian Mining Commission and Fair Competition Approvals
02/09/2019 – Update on Nyanzaga Project and Payment of Capital Gains Tax
What are your key goals for the next 3, 6 and 12 months?
Conclude permitting of the Nyanzaga Project with the grant of the Special Mining Licence.
Significantly advance the Project Financing Definitive Feasibility Study on the Nyanzaga Project.
Conclude Project Financing Definitive Feasibility Study and significantly progress Project Financing.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
The key risks are low commodity prices and weak equity markets. We aim to cover these by being efficient, manage our cash in a prudent manner and deliver optimum results!
In a sentence, what do you think makes your company such a compelling investment?
Focused and engaged Board and management with strong development experience and 100% ownership of a gold project of significant grade and scale.