Orezone Gold Corporation

Today, Orezone announced it will be initiating a 30,000m discovery focused, multi-year drill program at its Bomboré #gold Mine - commencing in August 2024. To date, Bomboré has been reserve defined over greater than a 14km strike length, with the average depth of drilling to approximately 200m hosting the current stated gold resource of 4.5Moz Measured and Indicated, and 0.6Moz Inferred. Within this Tier 1 mineralized footprint, the Company has designed a program for deeper drilling to: - materially expand the reserve and resource base - delineate higher-grade centers of mineralization - further increase the project’s mine life Read the full release here: https://bit.ly/OreExplr

Orezone announced its Q2-2024 gold production today of 25,524oz. Patrick Downey, President & CEO stated, "Q2 marked a solid operating quarter and was consistent with our annual plan, despite experiencing regional grid power interruptions earlier in the quarter. As previously guided, Q2 was scheduled to be the lowest grade quarter in 2024 as the result of mine sequencing. With access to the higher-grade oxides in the southern half of the concession now established, Orezone reiterates its 2024 production guidance of 110,000 to 125,000 ounces." Read the full release here: https://bit.ly/Q22024OREAu

Orezone is fully financed for the Phase II hard rock expansion at the Bomboré Gold Mine! Today, Orezone announced a US$105M financing comprised of: - $58 million senior secured term loan with Coris Bank International, a leading West African bank and the Company’s current senior lender. - $47 million non-brokered private placement of 92,743,855 common shares of Orezone at C$0.70 per share with Nioko Resources Corporation. - No gold hedging, offtakes, or cost overrun reserve required by Coris Bank. - The Bomboré mine remains free of any hedging, gold stream or private gold royalty, thereby preserving upside for shareholders. The Board of Directors has approved a positive construction decision and first gold from the hard rock plant is scheduled for late 2025. Read the full release here: https://lnkd.in/gqE5V5Q3

Today Orezone announced drill results from the ongoing infill and advanced grade control program. Highlights include intersecting 113.74 g/t Au over 8m at the Siga South zone. We are also pleased to report that the community relocation from Siga East to the new MV3 community is nearing completion, which has allowed mining to commence at Siga East ahead of schedule. We expect to feed higher-grade, free-digging oxide ore from Siga East into the plant in late June. #gold #highgrade #mining #Bombore #WestAfrica #BurkinaFaso

Earlier this week, Orezone announced an update on its Phase II hard rock expansion for its Bomboré Gold Mine in Burkina Faso. The Company originally contemplated constructing an independent 4.4Mtpa hard rock plant in a single stage as outlined in its 2023 feasibility study. Following a recent review of available financing sources, the Company has decided to complete this brownfield expansion in two stages to better manage its capital requirements. Stage 1 will consist of an initial 2.5Mtpa hard rock plant, with a subsequent Stage 2 expansion increasing the hard rock throughput to 5.0-7.0Mtpa. The existing Phase I oxide plant will continue to process oxide ore at a targeted rate of 6.0Mtpa. Orezone also provided 3-year production forecast. To read the full release, please follow this link:https://bit.ly/OREP22024

Today, Orezone released results from ongoing grade control and infill drilling from its Bomboré Gold Mine in Burkina Faso. Highlights include: 18.41 G/T GOLD OVER 8.00M AND 22.17 G/T GOLD OVER 4.00M Patrick Downey, President and CEO stated, "Following a successful first full year of production at Bomboré in 2023, where the focus was on bedding down the operation and deleveraging the balance sheet, Orezone is now looking to resume its exploration efforts at Bomboré. A recently completed structural review of the property has significantly opened up the exploration model, with an increasing focus now on delineating higher-grade structures to depth and along strike. With current mineral reserves down to an average depth of less than 40m across 14km of strike, we see significant potential to not only increase the overall mineral inventory at Bomboré, but the potential to systematically target higher-grade mineralization within the much broader structural corridor. While ongoing drilling in the near-term remains focused on further delineating near-surface, high-grade structures in advance of mining, we continue to rank multiple high-priority exploration targets for drilling in 2024." For the full news release, click here: https://lnkd.in/gsY745YR

Another solid start to the year for Orezone with Q1-2024 production of 30,139oz Au - gold sales of 31,229oz at an average realized price of US$2,066/oz, resulting in sales of US$64.5 million. Read the full news release here: https://lnkd.in/dsWWtQHy

Orezone will be releasing its Year-End 2023 Results and 2024 Guidance after market on Tuesday, March 26, followed by a conference call and webinar on Wednesday, March 27 at 8am PT. To register for the webinar, please click here: https://bit.ly/OREYE2023

Come visit Orezone at #PDAC2024 and hear about our expansion plans for the Bombore #Gold Mine! We're exhibiting all four days in the investors exchange at booth #2519. #shareholders #investment #mining #conference

Orezone released 2023 #gold production and connection of the Bomboré Gold Mine to the national grid. A very successful first full year of mining with production guidance achieved of 141,425oz Au! Also of note, construction of the Bomboré powerline was completed in Q4-2023 with commissioning and acceptance of the line by the state power provider commenced and completed in early January. Energization to the process plant is in progress and will be completed by January 21, 2024. Read the full news release here: https://lnkd.in/gMD_ibNx