Ore Corp
Ore Corp

Latest News

  • 24/11/2015 - Results of Annual General Meeting more …
  • 24/11/2015 - Chairmans AGM Address more …
  • 30/10/2015 - September 2015 Quarterly Reports more …
  • 27/10/2015 - Change in Substantial Holding more …

Latest Investor Presentation

  • 24/11/2015 - AGM Investor Presentation more …

Current Share Price

OreCorp is listed on the ASX (Code: ORR)

ORR: $ 0.12   - 7.690%

Updated 27/11/2015 at 4:29PM AEST

ORR share price chart

OreCorp Limited (‘OreCorp’ or ‘the Company’) is an emerging resources company listed on the Australian Securities Exchange ('ASX') under the code ORR. The Company is well funded with approximately $7.1 million in cash (unaudited) and no debt as of 31 August 2015.

The Company has a joint venture agreement with Acacia Mining plc to earn up to a 51% interest in the Nyanzaga Gold Project (Nyanzaga or the Project) in the Lake Victoria Goldfields of Tanzania (LVG). The Project hosts an in-pit indicated and inferred Foreign Estimate of 4.2Moz @ 1.3g/t Au at a 0.4g/t lower cut-off, in the Nyanzaga Deposit.

           Foreign Estimate of Resources as at December 2013 and at 31 December 2014




Total Indicated + Inferred

g/t Au


g/t Au

Moz Au


g/t Au

Moz Au


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Nyanzaga Project Highlights

  • In-pit indicated and inferred Foreign Estimate of 4.2Moz @ 1.3g/t Au (see Forward Looking/cautionary statement link at bottom of page)
  • Over 237,000m of drilling completed
  • Conventional metallurgy with CIL gold recoveries of 92% for oxide & 86% for sulphide
  • Proximal infrastructure including power, water and skilled labour
  • Located in the Lake Victoria Goldfields that host a number of major operating gold mines and >50 Mozs of gold in foreign estimates, including Nyanzaga
  • Additional regional prospects and targets on JV tenements
  • JV has low upfront entry costs and OreCorp will manage the JV through to at least completion of the Definitive Feasibility Study

Nyanzaga Panorama 

Pursuant to the requirements of ASX Listing Rule 5.12.9, OreCorp provides the following cautionary statement:

  1. The Foreign Estimate of mineralisation included in this announcement is not compliant with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 JORC Code) and is a "Foreign Estimate" for the purpose of the ASX Listing Rules.
  2. An independent resource consulting group was commissioned by African Barrick Gold plc (ABG, now known as Acacia Mining plc (Acacia)) to prepare an independent Technical Report on the Nyanzaga Project suitable for reporting purposes under the standards of Canada’s National Instrument (NI) 43-101 (NI 43-101). The estimation work was carried out during March and April 2012 incorporating all resource definition drilling available as of 1st March 2012. This reported a larger global estimate and was the basis for the most recent Foreign Estimate for Nyanzaga undertaken by ABG. The most recent Foreign Estimate was used as a basis for Acacia’s Annual Report for the year ended 31 December 2013, and re-stated in the Annual Report for the year ended 31 December 2014. Acacia applied various modifying factors, which included the gold price and various other parameters, to the global estimate completed by the independent consultant in March. The application of these modifying factors generated the in-pit Foreign Estimate quoted in this announcement. The complete set of modifying factors used have not been made available to OreCorp.
  3. A Competent Person (under the ASX Listing Rules) has not yet done sufficient work to classify the Foreign Estimate as Mineral Resources or Ore Reserves in accordance with the 2012 JORC Code.
  4. It is uncertain that following evaluation and/or further exploration work, the Foreign Estimate will be able to be reported as Mineral Resources or Ore Reserves in accordance with the 2012 JORC Code.

 Forward Looking Statements »