Orezone Gold Corporation is a Canadian gold mining company operating the open pit Bomboré Mine in Burkina Faso.
Orezone is focusing on mining and processing the Phase I near surface free-dig oxides at a planned annual throughput of 5.2 million tonnes. The Company believes that Bomboré has a significant underlying sulphide resource to support a substantially larger Phase II expansion. A 77,000 m infill and expansion drill program is ongoing and once completed, the Company plans to issue an updated mineral resource and reserve statement and feasibility study, as part of this Phase II expansion. It is expected that the studies will be completed in H1-2023 to be followed by a production decision.
Orezone is led by an experienced team focused on social responsibility and sustainability with a proven track record in project construction and operations, financings, capital markets and M&A.
RCF – 20%
EQUINOX/MASON HILL – 7%
VAN ECK – 5%
AEGIS – 3%
EARTH – 2%
Management Ownership – 5%
To update existing shareholders and to gain exposure to new funds, family offices and private investors.
September 12, 2022: Orezone Pours First Gold at the Bomboré Mine
Additional Exploration Results
Resource and reserve update along with an expansion study
Gold market sentiment – Orezone will be cashflowing soon and able to fund its own exploration and expansions despite market conditions.
The expansion potential at Bomboré could significantly improve the LOM metrics for the mine.
– delivered the Bomboré Mine under-budget and on-schedule during a period marked by rapid inflation and COVID-related disruptions
– continued exploration success at the P17 Trend
– oxide and sulphide expansion study to be delivered H1-2023