Orezone Gold Corporation is a Canadian exploration and development company which owns a 90% interest in Bomboré, one of the largest undeveloped gold deposits in Burkina Faso. Bomboré hosts a large oxide resource underlain by a larger, open sulphide resource, and will be developed in two stages. Development has commenced on the project with the first gold pour scheduled for Q2, 2021.
Patrick Downey, President & CEO
Patrick Downey, President & CEO, has over 30 years of international experience in the resource industry. Mr. Downey held the position of President, Chief Executive Officer and Director of Elgin Mining Inc., Aura Minerals Inc. and previously Viceroy Exploration Ltd. before its acquisition by Yamana Gold Inc. in 2006. He has held numerous senior engineering positions at several large-scale global gold mining operations and has also held operating positions at several mining projects for Anglo American Corporation in South Africa. Mr. Downey was a member of the boards of Claude Resources and Dalradian Resources before their recent successful acquisitions and he is a member of the board of a number of active resource companies. He holds a Bachelor of Science (Hon.) degree in Engineering from Queen’s University.
What is your rationale for attending 121 Mining Investment?
To update existing shareholders and to meet new investors interested in the development of the Bomboré Gold Project ahead of project financing.
What recent news would you like to highlight to investors attending?
OREZONE INCREASES BOMBORÉ AFTER-TAX NPV BY $137.5M (+62%) AND RESERVES BY 686KOZ (+60%) WITH MODEST ADDITIONAL UPFRONT CAPITAL
What are your key goals for the next 3, 6 and 12 months?
Continue Project Financing Discussions
Complete Phase I of the Resettlement Action Plan (“RAP”)
Secure Project Financing and move forward in developing Bomboré
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Price of gold and market sentiment – Orezone will continue to add value by focusing on a project scale and development strategy we can execute on.
What do you think makes your company such a compelling investment?
Over the past two years, Orezone’s new management has focused on a project development strategy that the Company can finance and build – while still retaining significant expansion and optionality to enhance Bomboré. Orezone’s newest feasibility study project value is not fully reflected in the market and provides investors an opportunity to participate in the growth of the Company as we move closer to becoming an advanced developer.