Big picture - Why invest in Ortac Resources Ltd
Ortac Resources Ltd Snapshot
The Company is focused on financing and developing projects in the natural resource sector. Using industry knowledge, and project development and technology expertise, we identify new business opportunities and develop sustainable solutions to mobilise the economic and human potential of resource assets. In partnership with local communities, we co-create projects that deliver robust investment returns while respecting the criteria of socially responsible investment. We create value by implementing innovative and sustainable solutions for the development of natural resources.
Licences in Slovakia
In addition to the Kremnica Mining Licence Area, located in central Slovakia close to the town of Kremnica and 17km west of central Slovakia's largest city, Banská Bystrica, Ortac holds the Lutila Exploration licence, affording it the rights to explore an area to the south of Kremnica Mining Licence Area.
Kremnica Mining License Area
Mining Re-established: In June 2014, and after a gap of nearly 20 years, Ortac was successful in re-establishing mining operations on the Kremnica Mining License area. Ortac now has the right to operate a small scale underground mining operation on the Mining License area.
Šturec Project - Ortac’s 100% owned vision for the future development of the Kremnica Mining License Area.
Andiamo Exploration Limited is a private company based in London, exploring for resources in Eritrea, East Africa and can be found here: http://andiamoexploration.co.uk/. Andiamo is focused on Volcanogenic Massive Sulphide (VMS) and gold deposits in Eritrea, East Africa and in 2014, Ortac Resources invested US$1.5 million for a 26.7% holding. Owing to take up of subscription rights by existing shareholders Ortac’s stake was reduced to 25.37%
Between 2009 and January 2014, Andiamo raised approximately US$10.6MM to fund its exploration program in the highly prospective Bisha Belt and drilling results have revealed high grade copper and gold at its flagship Yacob Dewar Gold Project.
Andiamo holds the Haykota Licence which is 252km2 and has several prospects for Volcanogenic Massive Sulphide (VMS) and copper-rich disseminated sulphide mineralisation, with near surface gold enrichment.
In March 2015, Ortac entered into a Secured Convertible Loan Note and a Call Option Agreement with Zamsort Limited, a private company located in Zambia. Under the terms of these agreements, an initial subscription by Ortac of US$600,000 Secured Convertible 8% Loan Notes will provide Ortac with a non-dilutable 10.71% stake in Zamsort. Subject to further due diligence by Ortac, under the terms of its one year Call Option Agreement, Ortac may subscribe a further US$600,000 in 8% loan notes to Zamsort, increasing its stake in Zamsort to a non-dilutable 19.35%.
The Zamsort licenses are located in north west Zambia, 800km from Lusaka and 200km from Solwezi. The Small-Scale Mining Licence (SML) has estimated oxide resource of 16.59Mt @ 0.94% copper equivalent (non-JORC). The large prospecting license (LPL) covers an area of approximately 995km2 and is owned 100% by Zamsort. The current LPL encompasses 7 of the top 10 high priority exploration targets identified through the JV prior to Anglo American exiting the country in 2001.
The license area is prospective for copper and cobalt. In addition, nickel and molybdenum have been reported in the historical work conducted in this area. On the east side of the Kabompo Dome lies the Kalumbila prospect (First Quantum’s Enterprise and Sentinal mine development projects) and further to the east are Barricks’s Lumwana mine and First Quantum’s Kansanshi mine, which together contribute more than 80% of Zambia’s copper production.
The licenses are located on the north western trending arm of the Lufilian arc, an orogenic belt stretching from Angola through DRC and Zambia. All known copper and cobalt deposits in Zambia and DRC lie within this belt.
The large prospecting license (LPL) covers an area of approximately 995km2 and is owned 100% by Zamsort.
The license comprises prospective Upper and Lower Roan series sedimentary rocks that overlie the older basement rocks on the west side of the Kabompo Dome.
Contained within the larger LPL is the 4km2 Kalaba small-scale mining licence (SML) area. This prospect contains non-compliant oxide mineral resources of 16.59Mt @ 0.94% copper ('Cu') equivalent. These non-JORC compliant resources were estimated based on limited exploration drilling carried out during the late 1990's by Equinox Minerals Limited ('Equinox') and Anglo American Prospecting Services ('AAPS') by way of the Zambezi Joint Venture ('JV') through AAPS's affiliate Zamanglo Prospecting Ltd ('Anglo American') during the late 1990s as part of the Kabompo Property.
Anthony Balme is Chairman of Carter Capital Ltd and AMC Ltd, both private UK investment companies, and Forum Uranium Corp, a TSX quoted exploration company. He has extensive European and North American finance experience linked to the resource sector.
Paul David Heber
Mr Heber was formerly an investment manager and stockbroker with over 25 years’ experience in global equity markets, Paul managed over £120m for an international but predominantly Southern African clientele at bespoke boutique Savoy, SG Hambro's, Nat West and W.I.Carr, registered in both London and Johannesburg.
Chief Executive Officer
Vassilios Carellas is a geologist by profession with extensive experience gained in the mining and exploration industry in Central Asia. Prior to joining Ortac Resources (UK), Vassilios held the post of Managing Director of Kryso Resources plc, an AIM listed company that he co-founded and listed in 2004.
Mr. Mihalop has over 15 years broad based experience in the mining industry both in Europe and internationally.
Hugo Green is based full-time in Slovakia and has extensive experience working in Central Europe, having spent more than 15 years living in the region working with major financial and accounting firms.
Ortac Resources Ltd.
British Virgin Islands
Bratislava Representative Office
C/o St. Stephan Gold s.r.o.
Ortac Resources Plc.
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