Orion Minerals Limited · ASX:ORN
Orion Minerals — Africa Down Under Conference 2016
23 slides from Orion Minerals's conference presentation, Sep 7, 2016
Slide 1: Advanced Stage South African Zn-Cu
Advanced Stage South African Zn-Cu For personal use only • Fast tracking to feasibility study • High Grade Zinc & Copper drilled at PC Project – drilling continues ASX Code: ORN • Wide near-surface Au-Cu intersections at Marydale project • Harnessing Australian expertise to unlock overlooked value A
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 For personal use only its projects, are forward-looking statements. Such forward-looking statements: •
Slide 3: Orion: Corporate Summary
Orion: Corporate Summary For personal use only Capital Structure Summary Shares on Issue (as at 31 August ’16) 475M Board & Management Options on Issue (as at 31 August ’16) 85.5M Denis Waddell Chairman Market Capitalisation (at 2cps) $9.5M CEO, Managing Errol Smart Cash on Hand (as at 30 June ’16)
Slide 4: Areachap – Underexplored, world class mineral province
Areachap – Underexplored, world class mineral province For personal use only • Despite numerous mineral occurrences being discovered between 1970-1998, no major exploration for past 20 years. • Most discoveries remain open down dip and along strike. • Numerous surface occurrences not drill tested. •
Slide 5: Areachap South Africa - Three Superimposed Geological Events Produce An Exceptional Metals Province
Areachap South Africa - Three Superimposed Geological Events Produce An Exceptional Metals Province For personal use only Gold and base metal deposits were deposited in an 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: Orion Provides Diversified Metals Exposure
Orion Provides Diversified Metals Exposure For personal use only • African project portfolio provides exposure to: • Advanced Zinc-Copper project with numerous known satellites on Orion optioned prospecting rights. • Gold-Copper, Nickel-Copper + PGE, REE + Lithium exploration upside. • South African
Slide 7: Areachap Project – Agama (PC + Marydale)
Areachap Project – Agama ( PC +Marydale ) 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. (1)(2) • Effective Option price: ZAR85.5
Slide 8: PC Exploration/Feasibility Study Project
PC Exploration/ Feasibility Study Project For personal use only Reviving a historic success 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 div
Slide 9: 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 10: PC – Schematic Section showing initial targets
PC – Schematic Section showing initial targets For personal use only Exploration Tonnage Cu% Zn% Target Oxidized Ore NOT MINED + 105 Target 1-6m limestone + 105 3.0 - 4.5 1.0 - 1.6% 1.3 – 2.0% Bencroft Shaft cap (Open Pit) million tonnes Deep 7.0 - 11.0 1.2 – 1.8% 3.9 - 5.9% Sulphide million tonnes
Slide 11: +105 Open Pit Target – High Grade Intersections Drilled
+105 Open Pit Target – High Grade Intersections Drilled Schematic – Interpreted Section Drilled Section For personal use only • First assays received exceeded expectations 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 (OCOR0
Slide 12: +105 Level Open Pit Target
+105 Level Open Pit Target For personal use only 12
Slide 13: PC Deep Sulphide Target
PC Deep Sulphide Target 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 extensi
Slide 14: Agama - Marydale Prospect
Agama - Marydale Prospect 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 - drop
Slide 15: Orion's Marydale Phase Drilling
Orion’s Marydale Phase 1 Drilling For personal use only Structurally Oriented Core Across Mineralisation to Work Out Morphology • Orion has intersected wide zones of high sulphide mineralisation – first result 64m at 1.55g/t gold (1) • Structural readings indicate tightly folded, steep plunging sync
Slide 16: Marydale High Sulphide Ore – Amenable to IP or EM
Marydale High Sulphide Ore – Amenable to IP or EM For personal use only IP survey in progress, EM survey planned to commence September 2016 • 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
Slide 17: 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 ZAR1.5 million (A$135,000) to achieve 50% interest. Funds to be used for initial exp
Slide 18: 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 re
Slide 19: Masiqhame - Kantienpan Zn-Cu
Masiqhame - Kantienpan Zn-Cu 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% copper (
Slide 20: 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 21: Areachap Project – Namaqua-Disawell
Areachap Project – Namaqua-Disawell • Interaction of mafic intrusives and VHMS horizon For personal use only (1) adjacent to Masiqhame PR. Refer ASX Release 14 July 2016 Fraser Range analogue • Most significant is the Jacomynspan Deposit: (1) • SAMREC resource 78Mt at 0.26% Ni + 0.18% Cu • Significa
Slide 22: Competent Persons Statement
Competent Persons Statement • The information in this report that relates to Exploration Targets at the Prieska Zinc Copper project complies with the 2012 Edition of the Australasian Code For personal use only for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) and i
Slide 23: 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 23