Orion Minerals Limited · ASX:ORN
Orion Minerals — Orion Gold NL — Investor Presentation (September 2011)
27 slides from Orion Minerals's investor presentation, September 2011
Slide 1: Investor Update
Investor Update September 2011
Slide 2: Disclaimer & Competent Person's Statement
Disclaimer & Competent Person’s Statement 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 and its projects, are forward-looking statements. Such forward-looking s
Slide 3: Project Locality
Project Locality 9 Orion Goldw Perth®@ \ Cloncurry (Copper) be tane NEW SOUTH WALES Canberra. f { @ | Melbourne |
Slide 4: Introduction
Introduction Focused on Walhalla Gold Project - a goldfield with significant high grade historical production of over 4 million ounces G l Geology and d geometry t off hi historical t i ld deposits it enabled bl d straight t i ht forward f d mining i i methods th d Highly prospective tenement
Slide 5: Walhalla History
Walhalla History The Cohen’s reef system (mined late 1800s to early 1900s) has Victoria’s highest production from a single shoot at ~1.5 million ounces at a head grade around 40 Au g/t After approximately 40 years of mining many basic features of the system remained unknown or poorly defined 2
Slide 6: Tenement Holdings
Tenement Holdings Approx 730 square kilometres Gold production in the region of over 4 million ounces 420 historic workings g - indicate the location of mineralisation and outline the mineralised ‘trends’ Minimal modern day exploration Recent selective ground acquisitions following regiona
Slide 7: Priority Exploration Areas - Walhalla
Priority Exploration Areas - Walhalla New structural interpretation - high prospectivity areas at Walhalla and regionally Cohen’s structural model defines pattern of mineralisation regionally Important controls on mineralisation identified at intersections of N-S regional trends and crosscutti
Slide 8: Cohen's Reef - New Structural Understanding
Cohen’s Reef - New Structural Understanding S N SPLAY FAULT Lomond Zone 1,000 m Steeply plunging shoot at conjunction off faults f lt CROSSCUTTING TERMINATING STRUCTURE
Slide 9: Cohen's Reef - New Structural Understanding
Cohen’s Reef - New Structural Understanding Re-assess Cohen’s S Reef, with new N detailed 3D structural model in SPLAY FAULT progress targeting Lomond Bulk shallow Zone resources High grade Cohen’s style shoots 1,000 m Steeply plunging Wealth of shoot at conjunction information of faults ava
Slide 10: Cohen's Reef - New Structural Understanding
Cohen’s Reef - New Structural Understanding Opportunities S N arising from new structural model SPLAY FAULT Lomond Extensions to Zone “Stockwork mineralisation mineralisation” previously identified by Normandy 1,000 m Steeply plunging Poseidon shoot at conjunction interpreted as part of faults o
Slide 11: Cohen's Project - Lomond's Zone
Cohen’s Project - Lomond’s Zone Previous production on Cohen’s line of reef suggests an excellent exploration opportunity with outstanding targets Recent structural reinterpretations supports a target zone at Lomond’s Further structural interpretation suggests targets at depth and in nearby re
Slide 12: Lomond's Structures
Lomond’s Structures New structural study Lomond Zone - shows mineralisation drill to the west potentially controlled by east dipping structures linking from main fault to splay faults Possible significant reso rce upgrade resource pgrade by b drilling to the west Further interpretation and rem
Slide 13: Priority Exploration Areas - Walhalla
Priority Exploration Areas - Walhalla New structural interpretation - high prospectivity areas at Walhalla and regionally Cohen’s structural model defines pattern of mineralisation regionally Important controls on mineralisation identified at intersections of N-S regional trends and crosscutti
Slide 14: Longfellow's Priority Target
Longfellow’s Priority Target Significant historic high grade production of 10,044 ounces at 28.4 Au g/t B Intersection between north south regional trend and cross Underground Sampling (1) structure 200m @ 4.95 Au g/t Shallow Target Zones accessible 75m @ 4.12 Au g/t priority target A (1) Aver
Slide 15: Longfellow's Priority Target
Longfellow’s Priority Target Historical Production: 10,968 tonnes at 28.4 Au g/t 10,044 gold ounces High grade past production Shallow accessible priority target
Slide 16: Priority Exploration Areas - Walhalla
Priority Exploration Areas - Walhalla New structural interpretation - high prospectivity areas at Walhalla and regionally Cohen’s structural model defines pattern of mineralisation regionally Important controls on mineralisation identified at intersections of N-S regional trends and crosscutti
Slide 17: Happy Go Lucky Target
Happy Go Lucky Target INCREASING MINERALISATION AND GRADE TRENDS Historically, 90,000 ounces of gold recovered Largely unexploited by previous mining Drilling intersected pyrite-gold system Multiple reef system, open in most directions associated with major structure Mineralisation trends
Slide 18: Regional Exploration
Regional Exploration New structural interpretation: Combined structural understanding at Cohen’s and Victor’s Quartz: development of regional historically framework has highlighted areas 33k oz at 15.3 Au g/t in the regional tenement package including New Dawn - Toombon, Toombon and Victor’s Qua
Slide 19: Regional Historical Production
Regional Historical Production Major + 50koz gold producers on central Cohen’s Line 7 of 9 + 50k oz producers on this trend Gold production from mines on this trend totals 4 million ounces Victor’s Quartz Production clearly defines the most prospective trend – tenure is controlled by Orion G
Slide 20: Regional Exploration
Regional Exploration New structural interpretation: Combined structural understanding at Cohen’s and development of regional framework has highlighted areas in the regional tenement package including New Dawn – Toombon and Victor’s Quartz areas Upgrades prospectivity of regional tenements In
Slide 21: New Dawn – Toombon (ORN 85%)
New Dawn – Toombon (ORN 85%) Located on the recently reinterpreted Cohen’s trend Historic workings are interpreted to be situated in the same stratigraphy and structural setting as the main Cohen’s Reef Area has been subject to very little modern exploration and almost Sub parallel reefs and i
Slide 22: Tubal Cain – Eureka Deposits
Tubal Cain – Eureka Deposits Belt of dyke-hosted ladder reef style deposits Historical production: Tubal Cain 30,000 ounces of gold at 1 ounce per tonne Eureka 3,000 ounces of gold att 16 A Au g/t Resources previously outlined at Tubal Cain and Eureka
Slide 23: Tubal Cain
Tubal Cain Completed evaluation of development options based on a review of the resources and mining economics at Tubal Cain. P t ntial suppl m ntary r source should other gold resources underpin future mining operations within the Company’s Walhalla Gold l Project.
Slide 24: Walhalla – A Staged Exploration Approach
Walhalla – A Staged Exploration Approach Progress: Structural review of Cohen’s Reef deposit following 6,500 metre diamond drill program in 2010 provides new model and insights into controls on mineralisation, locally and regionally Newly interpreted regional Cohen’s trend gives heightened imp
Slide 25: Walhalla – A Staged Exploration Approach
Walhalla – A Staged Exploration Approach Short Term Exploration Aims: Drill test a number of north – south mineralised trends at intersections with major crosscutting structures Test regional drill targets in prospective areas Re-assess Cohen’s Reef, with new detailed 3D structural model in
Slide 26: Corporate
Corporate Board: Capital Structure Denis Waddell (Executive Chairman) 765 million fully paid ordinary shares Graeme Sloan (Non-Executive Director) 85 million options exercisable $0.01 Sandy Haller (Non-Executive Director) 15 million options exercisable at $0.02 2 million options exercisable at
Slide 27: Questions
Questions
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