Orion Minerals Limited · ASX:ORN
Orion Minerals — Investor Presentation (April 2018)
28 slides from Orion Minerals's investor presentation, Apr 10, 2018
Slide 1: Orion Minerals Limited Investor presentation
For personal use only Orion Minerals Limited Investor presentation April 2018 BFS & intense regional exploration underway, delivering results in a proven minerals belt Developing world class zinc and copper deposits
Slide 2: Disclaimer and Forward Looking Statements
DISCLAIMER AND FORWARD LOOKING STATEMENTS For personal use only Certain statements contained in this presentation, Orion disclaims any intent or obligation to update To the maximum extent permitted by law, Orion and any including information as to the future financial or publicly any forward-looking
Slide 3: Overview
OVERVIEW For personal use only WHAT WE DO Connors Arc Project Orion Minerals is an Australian polymetallic Queensland, Australia minerals exploration and development company focusing on zinc, copper, nickel, gold and silver, as well as platinum-group metals Areachap Projects Fraser Range with projec
Slide 4: Board of Directors
BOARD OF DIRECTORS For personal use only DENIS WADDELL ERROL SMART ALEXANDER HALLER MARK PALMER BILL OLIVER Chairman Managing Director & Non-Executive Director Non-Executive Director Non-Executive Director Chief Executive Officer • Chartered Accountant • Geologist, with professional • Partner of Zac
Slide 5: Senior Management
SENIOR MANAGEMENT For personal use only ERROL MARTIN WALTER MICHELLE LOUW NELSON SMART BOUWMEESTER SHAMU JENKINS VAN SCHALKWYK MOSIAPOA Managing Director & Chief Financial Officer Chief Operating Officer Executive: Finance & Executive: Group Corporate Social Chief Executive Officer and Company Secre
Slide 6: Corporate Strategy & Vision
CORPORATE STRATEGY & VISION For personal use only Executing a well timed counter cyclic growth strategy Feb 18: Orion acquires Orion Feb 18: Maiden Prieska Maiden Prieska JORC compliant option to completes JORC compliant Global Mineral Resource completed: acquire acquisition of Mineral Resource 24.2
Slide 7: Upside Value Potential
UPSIDE VALUE POTENTIAL For personal use only EV/Zinc equivalent* Mineral Resources for Orion Minerals EV & Resource (ZN+Pb cont) versus comparable pre-production base metal peers 425 352 301 8 000 153 Enterprise Value $m (blue) Resource kt Zn+Pb (red) 11,560 100 6 000 4 000 50 2 000 0 0 BBR OVR CZL
Slide 8: Orion's Phase Aspirational Strategy and Timeline
ORION’S 3 PHASE ASPIRATIONAL STRATEGY AND TIMELINE For personal use only 1 2 3 Complete the Expand and upgrade the Execute exploration Prieska Project BFS Prieska Project resource program on highly prospective Prospecting Rights • Orion Board approval to commence Bankable • In parallel to BFS, Orion
Slide 9: Mining Right Application Process – Statutory Timelines
MINING RIGHT APPLICATION PROCESS – STATUTORY TIMELINES For personal use only Regional Manager’s notice to commence Lodged Mining Regional Manager’s consultations with Right Application Formal Acceptance affected parties 14 DAYS 14 DAYS 6 April 2018 April 2018 May 2018 180 DAYS Ministerial Decision G
Slide 10: Prieska Project – Maiden JORC Mineral Resource Exceeds Expectations
PRIESKA PROJECT – MAIDEN JORC MINERAL RESOURCE EXCEEDS EXPECTATIONS For personal use only Total Mineral Resource of 29.4Mt containing 1,126,000 tonnes Zn @ 3.8% +105 Target Oxide Hutchings Shaft Mineralisation and 365,000 tonnes Cu @ 1.2% (based on drilling results available as at 31 Dec 2017)* +105
Slide 11: Development Plan for the Prieska Project: Leverage 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 oper
Slide 12: Detailed Engineering Appraisal Confirms Integrity of Key Installations
DETAILED ENGINEERING APPRAISAL CONFIRMS INTEGRITY OF KEY INSTALLATIONS AT PRIESKA PROJECT - SIGNIFICANT CAPITAL COST AND TIME SAVING For personal use only Shaft barrel, lining and steelwork Decline roadways and haulages in good structurally sound condition and accessible Divider Guide 8.84 diameter
Slide 13: Metallurgical Test Work Confirming Expectations at Prieska
ORION’S METALLURGICAL TEST WORK CONFIRMING EXPECTATIONS AT THE PRIESKA PROJECT For personal use only Test Head Grade Total Recovered to Concentrate Combined Tails Test Description Cu (%) Zn (%) Mass (%) Cu Rec. (%) Zn Rec. (%) Mass (%) Cu (%) Zn (%) Cu-Rich Deeps Rougher 2.41 2.79 37 93.5 93.4 63 0.
Slide 14: 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 +105 Level Target Beecroft Hutch
Slide 15: 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 Longhole open stopes in steep ore D348 OCOD068_D2 19.46 @ 5.29% Zn + 1.52% Cu 23.7m @ 3.8% Zn + 1.0
Slide 16: Prieska Project BFS: Expanded Deep Sulphide Mineral Resource
PRIESKA PROJECT BFS: EXPANDED DEEP SULPHIDE MINERAL RESOURCE For personal use only Drill rigs remain active Long section with current drilling and on surface historical development +105 Target Oxide Hutchings Shaft Mineralisation +105 Target Supergene Sulphides Old Workings Flooded to 350m NW Hinge
Slide 17: Exploration: The Regional Potential of the Northern Cape District
EXPLORATION: THE REGIONAL POTENTIAL OF THE NORTHERN CAPE DISTRICT For personal use only • Orion has established a commanding landholding and exploration position in the Areachap belt and is expected to play a major role in this emerging minerals district • It is an established mining region without
Slide 18: Exploration: Areachap - A Highly Prospective Base Metals Belt
EXPLORATION: AREACHAP - A HIGHLY PROSPECTIVE BASE METALS BELT For personal use only • The Areachap terrain is within a tectonic/mobile belt on the western margin of Three superimposed geological events the Kaapvaal Craton and has subsequently been intensely altered and tectonised produce exceptional
Slide 19: 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 the bottom of cycle in 2015 and secured a large consolidated land package (1,790 km²) - Prieska Project acquired - This highly prospective region has been consolidated under a single owner f
Slide 20: Exploration: Orion VMS Strategy
EXPLORATION: ORION VMS STRATEGY For personal use only • The Prieska Zn-Cu deposit is of exceptional scale – ranked 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 quiesce
Slide 21: 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 Orion Minerals | ASX & JSE: ORN | Zn, Cu, Ni, Au, Ag, PGE refer ASX release 1 February 2018 20
Slide 22: Geological Modelling Confirms Targets Surrounding 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 Rooiputs •
Slide 23: 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 • Community Liaison office opened in Prieska • MoU signed with Siyathemba Local Municipality to cooperate with Orion on community development initiatives • Internet caf
Slide 24: Appendices
For personal use only Appendices
Slide 25: Orion Corporate Summary
ORION CORPORATE SUMMARY For personal use only ASX primary listing ASX Share Price & Market Cap JSE secondary listing 1 January 2014 to 31 March 2018 $70 000 000 $0,08 Capital Structure Summary Significant Holder Name % $60 000 000 $0,07 Shares on Issue 1,290M Tembo Capital 19.99 $0,06 $50 000 000 Op
Slide 26: Prieska Ownership Structure
PRIESKA OWNERSHIP STRUCTURE For personal use only • Orion acquired Agama Exploration & Mining in March 2017 Orion Minerals Limited after extensive due diligence for A$8.9m* 100% • Orion has a 73.3% economic interest in the Prieska and Marydale Projects Agama Exploration and Mining (Pty) Ltd • Full c
Slide 27: Orion Minerals
For personal use only G Orion Minerals
Slide 28: Contact us
For personal use only Contact us Orion Minerals Ltd Phone: +61 (0)3 8080 7170 Email: info@orionminerals.com.au Website: www.orionminerals.com.au ASX & JSE: ORN