Orezone

Orezone Gold is developing its 90%-owned Bomboré gold project in Burkina Faso. Bomboré has a large reserve of 5.5M ounces gold and is being built in stages with the Phase 1 oxide plant starting up in Q3 2023.

The project benefits from good infrastructure and will produce over 150,000 ounces gold per year at all-in sustaining costs of $834/oz. Phase 1 construction is on budget and on schedule for first gold pour next year.

Orezone plans to subsequently expand Bomboré through Phases 2 and 3 to increase annual gold production to over 250,000 ounces. Permitting for the expansions is underway and additional reserves and resources can extend the 13+ year mine life.

The company is fully funded to commercial production at Bomboré with strong institutional shareholder support. Near term catalysts are the continuing construction progress and results from expansion drilling in 2023.