Orion Minerals Limited · ASX:ORN
Orion Minerals — Investor Presentation (March 2018)
28 slides from Orion Minerals's investor presentation, Mar 12, 2018
Slide 1: Orion Minerals Investor Presentation March 2018
Orion Minerals Limited For personal use only Investor Presentation March 2018 BFS & intense regional exploration underway, delivering results in a proven minerals belt Developing world class zinc and copper deposits Orion Minerals ASX & JSE: ORN 1
Slide 2: Disclaimer and Forward Looking Statements
Disclaimer and Forward Looking Statements For personal use only • Certain statements contained in this presentation, including information as to the future financial or operating performance of Orion Minerals Ltd (Orion) and its projects, are forward-looking statements. Such forward-looking statemen
Slide 3: Orion Minerals - Overview
Orion Minerals - Overview For personal use only What we do Orion Minerals is an Australian minerals exploration and development company focusing on zinc, copper, nickel, gold and silver, as well as platinum-group metals with projects in South Africa and Australia. Orion’s flagship project is the Pri
Slide 4: Board of Directors
Board of Directors For personal use only Denis Waddell Errol Smart Alexander Haller Mark Palmer Bill Oliver Chairman MD & CEO Non-Executive Director Non-Executive Director Non-Executive Director • Chartered Accountant • Geologist, with • Partner of Zachary • Investment banker with • Geologist with o
Slide 5: Senior Management Team
Senior Management Team For personal use only Martin Bouwmeester Errol Smart Walter Shamu Michelle Jenkins Louw Van Schalkwyk Nelson Mosiapoa Marcus Birch Chief Financial Officer MD & CEO Executive: Mining & Executive: Finance & Executive: Exploration Group Corporate Commercial & and Company Developm
Slide 6: Corporate Strategy and Vision
Corporate Strategy and Vision For personal use only Maiden Prieska JORC Compliant Global Mineral Resource Executing a well timed counter cyclic growth strategy Completed: 24.2 Mt with 874,000 t Zn and 297,000 t Cu* A$ ORN: ASX Sept 15 to Feb 18 Orion acquires Orion completes option to acquisition of
Slide 7: Upside Value Potential
Upside Value Potential EV & Resource (Zn+Pb cont) For personal use only 425 352 140 301 8,000 153 Enterprise Value $m (blue) Resource kt Zn+Pb (red) 11,560 120 100 6,000 80 4,000 60 40 2,000 20 0 0 SBR OVR CZL EMX AUQ MCT IBG VXR ORN HRR RVR TZN AMI NCZ Euroz securities Limited All information and a
Slide 8: Orion's Phase Aspirational Strategy and Timeline
Orion’s 3 Phase Aspirational Strategy and Timeline 1 2 3 For personal use only Complete the Expand and upgrade the Execute exploration program on highly Prieska Project BFS Prieska Project resource prospective Prospecting Rights ▪ Orion Board approval to commence Bankable Feasibility Study (BFS) in
Slide 9: Development plan for the Prieska Project: Leverage extensive existing infrastructure
Development plan for the Prieska Project : Leverage extensive existing infrastructure For personal use only • Primary shafts and underground decline roadways in place to access deepest remaining targets • Sealed access roads to project site • 48km via bitumen road to existing rail siding • 175MW ope
Slide 10: Detailed engineering appraisal confirms integrity of key installations at Prieska
Detailed engineering appraisal confirms integrity of key installations at Prieska Project - Significant capital cost and time saving For personal use only Decline roadways and haulages in good Shaft barrel, lining and steelwork structurally sound condition and accessible refer ASX release 2 February
Slide 11: Prieska Project – Maiden JORC Mineral Resource exceeds expectations
Prieska Project – Maiden JORC Mineral Resource exceeds expectations For personal use only Maiden Global Mineral Resource of 24.2Mt containing 874,000 tonnes Zn and 297,000 tonnes Cu (based on drilling results available as at 31 Dec 2017, refer appendix attached) 7 additional intersections are now re
Slide 12: Orion's metallurgical test work confirming expectations at the Prieska Project
Orion’s metallurgical test work confirming expectations at the Prieska Project For personal use only Summary of recent metallurgical test work results Total Recovered to Test Head Grade Combined Tails Concentrate Test Description Cu Mass Zn Rec. Mass Cu (%) Zn(%) Rec. Cu (%) Zn(%) (%) (%) (%) (%) Cu
Slide 13: Mine Plan for Prieska Project BFS
Mine Plan for Prieska Project BFS For personal use only ▪ BFS scheduled for completion in Q4 2018 Prieska target mineralisation and existing mine infrastructure ─ DRA appointed as lead BFS consultant ─ ABS Africa appointed to manage EIA studies to comply with leading international standards to suppo
Slide 14: Prieska Project BFS: Mine planning in progress
Prieska Project BFS: Mine planning in progress For personal use only • Digital mine model completed from historic survey and geology plans • Drilling has confirmed accuracy and confidence in historic data Long hole open stopes in steep ore Cut and Fill mining in shallow dipping ore Orion Minerals AS
Slide 15: Prieska Project BFS: Expanded deep sulphide mineral resource
Prieska Project BFS: Expanded deep sulphide mineral resource For personal use only Long section with current drilling and historical development 5 drill rigs remain active on surface ▪ Dual focused drilling program – Continue with infill drilling to achieve drill density for resource category upgrad
Slide 16: Exploration: The regional potential of the Northern Cape district
Exploration: The regional potential of the Northern Cape district For personal use only • Established mining region without the social challenges common in the South African gold, coal and platinum mining regions ─ local stakeholder engagement in progress Southern African Zinc deposits ▪ Presence of
Slide 17: Exploration: Areachap - a highly prospective base metals belt
Exploration: Areachap - a highly prospective base metals belt For personal use only Three superimposed geological events produce ▪ The Areachap terrain is within a tectonic/mobile belt on the western margin of exceptional exploration potential the Kaapvaal Craton and has been intensely tectonized an
Slide 18: Exploration: Major consolidation play in a proven mineralised district
Exploration: Major consolidation play in a proven mineralised district For personal use only ▪ Orion acted at bottom of cycle in 2015 and secured a large consolidated land package (1,790 km2) ─ Acquired the Prieska Project as the potential company-maker ─ This highly prospective region has been cons
Slide 19: Exploration: Orion VMS strategy
Exploration: Orion VMS strategy For personal use only ▪ The Prieska Zn-Cu deposit is of exceptional scale – it’s ranked as a “giant” ▪ VMS’s tend to form in clusters or camps ▪ To form an exhalative deposit of this quality requires a long quiescent period in a marine, volcanogenic environment ▪ This
Slide 20: Exploration: Increasing intensity on regional exploration
Exploration: Increasing intensity on regional exploration For personal use only 962km2 SkyTEM survey completed January 2018 Follow up on SkyTEM survey underway refer ASX release 1 February 2018 Orion Minerals ASX & JSE: ORN 20
Slide 21: Exploration: Geological modelling confirms targets around Jacomynspan Intrusive
Exploration: Geological modelling confirms compelling targets surrounding the Jacomynspan Ni-Cu-Co-PGE Intrusive For personal use only ▪ The Jacomynspan Intrusive Complex has important characteristics in common with major Ni-Cu occurrences such as Voisey’s Bay, Kabanga and Nova-Bollinger ▪ A recentl
Slide 22: CSR: Creating a better future – Local Economic Development
CSR: Creating a better future – Local Economic Development For personal use only Orion is a catalyst for socio-economic development We strive for : * Sustainability * Focus * Entrepreneurship • Community Liaison office opened in Prieska • MoU signed with Siyathemba Local * Impact Municipality to coo
Slide 23: Appendices
For personal use only Appendices
Slide 24: Orion Corporate Summary
Orion Corporate Summary For personal use only Orion’s primary listing is on the ASX. Significant Holder Name % Secondary listing of its shares on the Main Board of the Tembo Capital 19.99 Johannesburg Stock Exchange since September 2017. Tarney Holdings 7.98 Hargreave Hale Ltd 6.46 Capital Structure
Slide 25: Prieska Ownership Structure
Prieska Ownership Structure For personal use only ▪ Orion acquired option to purchase Agama Exploration & Mining in July 2015 ─ Extensive due diligence completed, including technical, regulatory and economic work streams ─ Transaction consideration A$8.9m*, completed in March 2017 ▪ Orion has a 73.3
Slide 26: Prieska Maiden JORC Resource February 2018
Prieska Maiden JORC Resource February 2018 For personal use only Global Mineral Resource for Prieska Project - Repli Trading No. 27 (Pty) Ltd Prospecting Right Classification Zn Cu Au Ag Tonnes Metal Tonnes Grade (%) Metal Tonnes Grade (%) Metal Ounces Grade (g/t) Metal Ounces Grade (g/t) Deep Sulph
Slide 27: Prieska Project: Deep Sulphides present a high value mining target
Prieska Project: Deep Sulphides present a high value mining target Inferred Mineral Resource for Prieska Project Deep Sulphides refer ASX release 8 February 2018 For personal use only Zn Cu Au Ag Cut-off % calc * Volume (m3) Tonnes Metal Tonnes Grade (%) Metal Tonnes Grade (%) Metal Ounces Grade (g/
Slide 28: Contact Information
For personal use only Contact Information Orion Minerals Ltd Phone: +61 (0)3 8080 7170 Email: info@orionminerals.com.au Website: www.orionminerals.com.au ASX & JSE: ORN