Orion Minerals Limited · ASX:ORN
Orion Minerals — Orion Gold NL — Investor Presentation (December 2014)
25 slides from Orion Minerals's investor presentation, Dec 2, 2014
Slide 1: A two-pronged campaign targeting world-class discoveries in nickel and gold
For personal use only ASX Code: ORN A two-pronged campaign targeting world-class discoveries in nickel and gold • Fraser Range Nickel-Copper, WA: exploration delivering encouraging results • Connors Arc, Qld: substantial new epithermal gold-silver target identified Investor Presentation Dec 2014 Err
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 For personal use only performance of Orion Gold NL and its projects, are forward-looking statements. Such forward-looking statements: • are nec
Slide 3: Orion: Corporate Summary (post underwriting)
Orion: Corporate Summary (post underwriting) Capital Structure Summary For personal use only Shares on Issue 277M Board & Management Options on Issue 88M Denis Waddell Chairman Market Capitalisation (at 3cps) $8M CEO, Managing Errol Smart Cash on Hand (as at 30 Sep ’14 – pre underwriting) $0.1M Dire
Slide 4: Quality Projects
Quality Projects Fraser Range Nickel-Copper & Gold Connors Arc Epithermal Gold Project For personal use only Project in Western Australia in Queensland • Substantial (>5,000 sq.km) landholding in • Underexplored landholding between Cracow and the emerging Fraser Range Belt Mt Carlton recently in
Slide 5: Fraser Range - In the Right Neighbourhood
Fraser Range - In the Right Neighbourhood • Substantial land holding in the For personal use only Albany-Fraser Belt between two of the most significant Australian exploration discoveries of the past decade: • Nova-Bollinger (Ni-Cu-Co) – Sirius Resources • Tropicana (Au) – AngloGold Ashanti / Indepe
Slide 6: Fraser Range: Ni-Cu Belt
Fraser Range : Ni-Cu Belt Aeromagnetics Gravity (regional) For personal use only Tropicana Tropicana Nova Nova 6
Slide 7: Conceptual Deposit Model – cross section
Conceptual Deposit Model – cross section For personal use only 7
Slide 8: Conceptual Deposit Model – Nova analogue
Conceptual Deposit Model – Nova analogue For personal use only Image sourced from ASX Announcement by Sirius Resources NL on 18 June 2013. Image sourced from ASX Announcement by Sirius Resources NL on 18 June 2013. 8
Slide 9: Key Targets
For personal use only Key Targets 9
Slide 10: Putting the ingredients together - key indicators
Putting the ingredients together - key indicators Geophysics Geology Geochemistry For personal use only Associated Anomalous Fertile Mag EM IP Gravity Mafic Sulphides Mineralogy Cu, Co, S, Ni PGE whole rock HA2 Pennor * * Medusa * * * * * * * HA1
Slide 11: Geochemical Data
Geochemical Data • Geochemical studies by respected specialist Prof. Reid Keays. For personal use only • Anomalous Ni-Cu, associated with sulphur (ie contained in sulphides) • Crustal contamination of magma (trigger for sulphur saturation & formation of sulphides) • Both lobes of HA2 intrusion and P
Slide 12: Magmatic Sulphides In Drilling
Magmatic Sulphides In Drilling • Petrographic studies by respected specialist Dr Tony For personal use only Crawford confirmed presence of magmatic sulphides For further detail, including information required under the 2012 JORC in Peninsula drilling Code, please refer to ASX Announcement of 15 July
Slide 13: HA2 Technical Review
HA2 Technical Review • 2014 drilling defined substantial lengths of Ni-Cu Hole From To Length Ni (%) Cu (%) Co (%) OPRC008 44 124 80 0.11 0.05 0.01 mineralisation in eastern part of intrusion For personal use only Including 52 64 12 0.22 0.11 0.02 • Technical review including geochemical and OPRC009
Slide 14: Assays define substantial geochemical anomaly
Assays define substantial geochemical anomaly • Assay results define coherent nickel For personal use only anomalies over an extensive area within the Pennor mafic intrusion. • 1.8km2 area with results >500ppm Ni • Nickel tenor is significantly higher than the equivalent program at Peninsula-HA2. •
Slide 15: Size of the target – looking for Nova
Size of the target – looking for Nova • Total area of mafic rocks For personal use only within Peninsula Intrusion covers 7.3km2 (Pennor = 4.5km2, HA2 = 2.8km2). • The Eye covers 4.5km2 • Nova Deposit covers 0.8km2 with a surface expression of only a few square metres • Geophysical surveys underway
Slide 16: Connors Arc Epithermal Project - Queensland
Connors Arc Epithermal Project - Queensland • Orion’s Connors Arc Project area is located between two active mining operations on For personal use only +1Moz gold deposits: • Cracow (LS epithermal) – 3.4Mt @ 6.6g/t Au for 724koz Au 1 (remaining resource), ca. 2Moz Au prior production FY14 production
Slide 17: Building a significant landholding in the Connors Arc
Building a significant landholding in the Connors Arc • New applications take project area over For personal use only 2,000sq km • Adds several new prospects with known epithermal potential but limited modern work • Several historical gold-copper workings and gossans also recorded within the area •
Slide 18: IS Epithermal Veins mapped on Aurora Flats
IS Epithermal Veins mapped on Aurora Flats For personal use only • Aurora Flats outcrops on grassland among low hills • Project area accessed by paved roads, • Historic, shallow drilling returned Au-Ag-Pb-Zn-Mn anomalism characteristic of high level in intermediate sulphidation (“IS”) epithermal sys
Slide 19: Epithermal Systems – The Bigger Picture
Epithermal Systems – The Bigger Picture • IS Systems form in active volcanic terrain For personal use only • Metal rich fluids sourced from both magmatic and meteoric sources • Expect to find HS systems and possibly porphyries in surrounds (may be blind) • Typically critical temperature and pressure
Slide 20: Classification of Epithermal Systems
Classification of Epithermal Systems MAGMATIC MAGMATIC-METEORIC METEORIC For personal use only 1 1 1 2 2 2 3 3 3 4 4 4 km km km ? Textures restricted Textures diverse,- modest Textures: diverse - spectacular HIGH SULFIDATION INTERMEDIATE SULFIDATION LOW SULFIDATION Au-Ag-Cu Au-Ag or Ag-Au Au-Ag Afte
Slide 21: Aurora Flats Vein Textures Diagnostic of High Level IS
Aurora Flats Vein Textures Diagnostic of High Level IS For personal use only Banded Veining Crustiform, colloform quartz with bluish chalcedony Tel IS • Epithermal textures of quartz veins seen in outcrop are diagnostic of high level in the system • Top of target for high grade Au-Ag horizon is inte
Slide 22: Typical Vertical Interval of IS Epithermal Payshoots
Typical Vertical Interval of IS Epithermal Payshoots For personal use only Produced 7 Moz Au ; 1.4 Boz Ag 22
Slide 23: Summary: Reasons to Invest in Orion
Summary: Reasons to Invest in Orion • Quality projects in key locations chasing “giants”: For personal use only • Nova-Bollinger (Ni), Tropicana (Au) • Cracow, Mt Carlton, Pajingo (Australia), Pachuca- Real (Mexico) and Acupan Antomok, Bagiuo, (Phillipines) (Au) • An “A-list” of significant sharehol
Slide 24: Competent Persons Statement
Competent Persons Statement The information in this report that relates to Exploration Results at the Fraser Range Projects 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 For personal use
Slide 25: Orion Gold NL – In situ Mineral Resources at June 2012
Orion Gold Orion Gold NL – In situ Mineral Resources at 30 June 2012 For personal use only Deposit Cut-off Measured Indicated Inferred Total Au g/t Tonnes Au g/t Tonnes Au g/t Tonnes Au g/t Tonnes Au g/t Ounces Au Tubal Cain 4 --- --- 177,000 7.7 680,000 10.5 857,000 9.9 273,400 Eureka 4 --- --- 36,
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