News: Orbis Gold's shares catch uplift following Sydney presentation

Orbis Gold's (ASX:OBS) shares have jumped another 10.3% in morning trade to $0.43, following a 8.3% lift a day earlier.

Yesterday Peter Harding-Smith, chief financial officer for Orbis, presented to a full-house of investors, analysts, brokers and fund managers at the Proactive Investors' Sydney Investor Luncheon - discussing the company's key gold assets in Burkina Faso.

West Africa is a world-class gold province, hosting more than seventy +1Moz gold deposits, with gold production of +7 million ounces annually.


ACCESS PRESENTATION HERE


The company's wholly-owned (less 1% profit-based production royalty) Natougou Gold Project is a large-scale high-grade gold deposit, with a Resource of 15 million tonnes at 3.7g/t gold for 1.8 million ounces.

A Scoping Study delivered a positive result indicating potential for a low cost open pit mine production up to 213,000 of gold per annum over an initial 6.2 year mine life.

There is also significant exploration potential within the broader 770 square kilometre permit area.