Slide 1: Exploration Update
Exploration Update • High Grade Copper & Zinc drilled at PC Project – For personal use only drilling continues • Assays awaited for highly mineralised Marydale intersections ASX Code: ORN • Geophysics underway in Fraser Range • Drilling due to commence at Connors Arc in September Investor Presentati
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements • Certain statements contained in this presentation, including information as to the future financial or operating performance of Orion Gold NL (Orion) and its projects, are forward-looking statements. Such forward-looking statements: For personal use only •
Slide 3: Orion: Corporate Summary
Orion: Corporate Summary For personal use only Capital Structure Summary Shares on Issue 475M Board & Management Options on Issue (as at 31 July ’16) 85M Denis Waddell Chairman Market Capitalisation (at 2.3cps) $11M CEO, Managing Errol Smart Cash on Hand (as at 30 June ’16) $0.7M Director Significan
Slide 4: Orion Provides Diversified Metals Exposure
Orion Provides Diversified Metals Exposure •Project portfolio provides exposure to : For personal use only • Gold, Silver, Zinc, Copper, Nickel + PGE, REE + Lithium • South African Projects • Advanced stage with major brownfield/greenfield upside. • High density of multi metal occurrences. • Command
Slide 5: Areachap South Africa - Three Superimposed Geological Events
Areachap South Africa - Three Superimposed Geological Events Produce An Exceptional Metals Province Gold and base metal deposits were deposited in an For personal use only active volcanogenic environment at 1.28 Ga. Prieska Cu-Zn deposit recoded as one of world’s 30 largest VMS deposits. Numerous ot
Slide 6: Areachap – Underexplored, world class VMS & Mafic Intrusive belt
Areachap – Underexplored, world class VMS & Mafic Intrusive belt, with late stage pegmatites • Despite numerous mineral occurrences being For personal use only discovered between 1970-1998, no major exploration for past 20 years. • Most discoveries remain open down dip and along strike. • Numerous s
Slide 7: Areachap Project - Agama
Areachap Project - Agama Agama - Binding Option Term Sheet For personal use only • Orion has secured an option until 31 December 2016 to acquire 73.3% interests in a world class VMS Zinc, Copper project and a virgin epithermal Gold discovery. • Option price: ZAR85.5 million (approx. A$7.8m) = ZAR64
Slide 8: Project Locations
Project Locations • 270 km SW of Kimberley (Regional Capital) For personal use only Excellent regional & mine Pretoria • Johannesburg infrastructure: • Access via bitumen road. Kimberley • 2km from small village of Copperton (38 brick & mortar AREACHAP VMS BELT houses – DOLOMITE MVT BELT 54 room wor
Slide 9: PC Exploration/Development Project - Reviving a historic success
PC Exploration/ Development Project - “PC” Reviving a historic success For personal use only 1971-1991 the mine employed 4,000 people and milled 8,000tpd Produced >430,000tons Copper and > 1million tons Zinc Mine closed and site rehabilitated 1991 Returned R2.64 (US$1.16 at the time) per share in di
Slide 10: PC Now - Remote Desert Site with Exceptional Infrastructure
PC Now Remote Desert Site with Exceptional Infrastructure For personal use only 75MW Solar Power Plant Shaft Head-frame 4 separate regional HV lines link to national electricity grid. • Tarred road to project site • 48km via bitumen road to existing rail siding • 800km rail link to major, bulk commo
Slide 11: PC – Schematic Section
PC – Schematic Section For personal use only Oxidized Ore NOT MINED + 105 Target 1-6m limestone Bencroft Shaft cap Massive Sulphide Ore Old workings flooded to 400m below surface (water pH 6.7 – not acid) Not well drilled up-dip Hutchings Shaft on western limb Small deposit was found at surface proj
Slide 12: Exploration Targets
Exploration Targets Exploration Target Tonnage Cu % Zn% For personal use only + 105 (Open Pit) 3.0 - 4.5 million tonnes 1.0 - 1.6% 1.3 – 2.0% Deep Sulphide 7.0 - 11.0 million tonnes 1.2 – 1.8% 3.9 - 5.9% • Cautionary Statement: The potential quantity (tonnage) and grade of the Exploration Targets ar
Slide 13: +105 Open Pit Target – High Grade Intersections Drilled
+105 Open Pit Target – High Grade Intersections Drilled Schematic – Interpreted Section For personal use only Drilled Section • First assays received exceeded expectation on Copper and Zinc grades including: • 22m at 10.8% Zn, 1.38% Cu and 0.3g/t Au from 57m • incl. 7m at 17.8% Zn and 1.41% Cu (OCOR
Slide 14: +105 Level Open Pit Target
+105 Level Open Pit Target For personal use only 14
Slide 15: PC Underground Infrastructure
PC Underground Infrastructure Permitting underway to re-access For personal use only • 8.8m diameter concrete lined vertical shaft to 1,024m. • 3 separate ramp declines (6.5 x 3.8m) reach deepest ore at 1,140m. • Primary mine development in place to reach deep sulphide mineralisation together with e
Slide 16: Marydale Project Location and Infrastructure
Marydale Project Location and Infrastructure For personal use only • 65 km NW of Copperton Station and 280km SW of Marydale N Kimberley. • In close proximity to excellent Marydale Project N10 infrastructure: Prieska • Marydale on the N10 highway Station • Railway station at Marydale • Eskom grid pow
Slide 17: Marydale Project History
Marydale Project History For personal use only • First prospected by Anglo American Prospecting Services (Anglo) for Copperton style base metal mineralisation during the period 1975 to 1982. • Anglo was searching for VMS Cu but the grade of mineralisation is lower than Prieska Copper - dropped their
Slide 18: Orion Marydale Phase Drilling
Orion Marydale Phase 1 Drilling Structurally Oriented Core Across Mineralisation to Work Out Morphology For personal use only • Orion has intersected wide zones of high sulphide mineralisation – assays awaited • Structural readings indicate tightly folded, steep plunging synclinal structure, with cr
Slide 19: High Sulphide Ore – Amenable to IP or EM
High Sulphide Ore – Amenable to IP or EM IP & EM Surveys planned to commence August 2016 For personal use only • Historic drilling did not test highest IP responses • Low grade Au, Cu & Zn values were intersected at lower IP response • Modern IP & EM considered to be key tools to test entire mineral
Slide 20: Areachap Project - Masiqhame
Areachap Project - Masiqhame Masiqhame - Binding Option Term Sheet For personal use only •Orion has secured an option until 30 September 2016 to acquire initial 50% interest increasing to 73%. •Initial investment of R1.5million (A$135,000) to achieve 50% interest. Funds to be used for initial explor
Slide 21: Areachap Project - Masiqhame
Areachap Project - Masiqhame • Numerous occurrences of Zn – Cu. For personal use only • Most only drill tested to < 250m. • Most significant is the Kantienpan Deposit: • 14 diamond core holes for 3,199 metres. • Mineralisation open along strike & down dip. • Significant Cu and Zn mineralisation are
Slide 22: Kantienpan Zn-Cu – mobilising to drill
Kantienpan Zn-Cu – mobilising to drill Drill Holes at Kantienpan Deposit For personal use only Best Intersections: 8.84 metres at 6.32% zinc and 1.02% copper (KN005); 6.15 metres at 4.74% zinc and 0.49% copper (KN010); 7 metres at 3.15% zinc and 0.57% copper (KN007); 13 metres at 3.96% zinc and 0.36
Slide 23: Areachap Project – Namaqua Nickel / Disawell
Areachap Project – Namaqua Nickel / Disawell Namaqua / Disawell – Binding Earn In Term Sheet Signed For personal use only •Orion has secured a right until 9 January 2017 to commence initial earn in to 25% of both Namaqua and Disawell via a South African Special Purpose Vehicle (to be formed). •Orion
Slide 24: Areachap Project – Namaqua-Disawall
Areachap Project – Namaqua-Disawall • Adjacent to Masiqhame PR. For personal use only • Interaction of mafic intrusives (Fraser Range Analogue) and VMS/VHMS horizon. • Most significant is the Jacomynspan Deposit: • SAMREC resource 78Mt at 0.26% Ni + 0.18% Cu (1) • Significant potential outside resou
Slide 25: Retained exposure to large greenfields projects in Australia
Retained exposure to large greenfields projects in Australia Fraser Range Nickel-Copper & Gold Connors Arc Epithermal Gold and Porphyry For personal use only Project in Western Australia Project in Queensland • Substantial (4,000 sq.km) landholding in the • Sizeable underexplored landholding bet
Slide 26: Connors Arc Epithermal Au-Ag Project
Connors Arc Epithermal Au-Ag Project 6 Mile Creek Killarney • 1.6km of epithermal veining For personal use only • ~ 700m of outcropping • Significant gold+silver results epithermal breccia & vein in historical rock chips • Historical drilling returned • Gold mineralisation returned results including
Slide 27: Chough Prospect – mobilising for drilling
Chough Prospect – mobilising for drilling For personal use only 82m at 0.11g/t gold • Drilling will test below anomalism in CHRC003 Refer ASX Release 19 February 2016 • Sulphide-bearing breccias at surface also intersected in drilling • Wide zone of anomalism in CHRC003 (82m at 0.11g/t gold) • Geolo
Slide 28: Mile Creek Prospect – mobilising to drill
6 Mile Creek Prospect – mobilising to drill • Historical high grade rockchips For personal use only • Mineralised drill intercepts • Structural model generated 2 drillholes are planned to test lower reef horizon Refer ASX Release 7 Dec 2015 28
Slide 29: Killarney Prospect – mobilising to drill
Killarney Prospect – mobilising to drill For personal use only XS Refer ASX Release 6 November 2015 29
Slide 30: Killarney Prospect
Killarney Prospect For personal use only • 700 m of outcropping breccia weakly mineralised at surface, no exploration since 1990’s • Previous drill intercepts include 57 m at 0.3 g/t gold and 10 m at 1.0 g/t gold • Note grade improving with depth • 2 drill holes planned for 500m • Surface surveys to
Slide 31: Fraser Range - significant untested targets
Fraser Range - significant untested targets • Significant number of bodies identified with high SG within project area • These are now priority targets For personal use only • High SG characteristic of mafic intrusions in the Albany-Fraser Belt measured at 3.0g/cm3 (GSWA) Medusa Pennor NWP Peninsula
Slide 32: Current work generating new targets on Southern Tenements
Current work generating new targets on Southern Tenements • Airborne high resolution magnetic survey completed For personal use only • Gravity (ground) survey underway • Targeting magma pathways on 100% ORN tenure Progress Similar surveys on WIN tenements Nova-Bollinger n 32
Slide 33: Competent Persons Statement
Competent Persons Statement • The information in this report that relates to Exploration Targets at the Prieska Copper project complies with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) and is based on information comp
Slide 34: Orion Gold NL contact information
Orion Gold NL contact information: For personal use only Phone: +61 8 9485 2685 Email: info@oriongold.com.au Website: www.oriongold.com.au 34