Slide 1: A rare consolidation opportunity in a proven minerals belt
A rare consolidation opportunity For personal use only in a proven minerals belt ASX Code: ORN Africa Down Under Conference 6-8 Sep 2017 “Expediting development at Prieska while seeking to unlock the minerals potential of the land package through advanced exploration" 1
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 Minerals NL (Orion) and its projects, are forward-looking statements. Such forward-looking statements: For personal use on
Slide 3: Orion: Corporate Summary
Orion: Corporate Summary For personal use only Capital Structure Summary Board Shares on Issue 990M Denis Waddell Non Executive Chairman (chartered accountant) Options on Issue 217M Errol Smart CEO, Managing Director (geologist) Market Capitalisation (at 2.4cps) $24M Bill Oliver Non Executive Direct
Slide 4: Orion – Secondary Listing on JSE
Orion – Secondary Listing on JSE Orion will seek a secondary listing on JSE September 2017 For personal use only ─ Facilitating Increased Equity Participation by South Africans JSE KEY FACTS (as at June 2017) (source JSE) ─ Market capitalisation: R13.64 trillion (approximately A$1.4 trillion) ─
Slide 5: Major consolidation play in a proven mineralised district
Major consolidation play in a proven mineralised district For personal use only Orion acted at bottom of cycle in 2015 and secured a large consolidated land package (1,790 km2) ─ Secured a potential company making project in Prieska ─ First time this highly prospective region has been consolidated
Slide 6: Prieska ownership structure
Prieska ownership structure For personal use only Orion acquired option to purchase Agama Exploration & Mining in July 2015 Prieska BEE compliant ownership structure ─ Extensive DD process completion, including Orion Minerals NL technical, regulatory and economic work streams ─ Transaction conside
Slide 7: Prieska – SA mining success story
Prieska – SA mining success story Prieska in operation mode For personal use only Operated from 1971-1991, employed 4,000 people by Anglovaal ─ Infrastructure rich with all key services remaining on site Milled 46.8mt producing >430kt copper and >1mt zinc in concentrate Post May 1987, no more
Slide 8: Extended history of metallurgical success
Extended history of metallurgical success Consistent concentrate grades and recoveries despite change in feed1 For personal use only 60 100 Proven metallurgical process flowsheet at 50 90 80 Metal recovery (%) operational scale to handle variable ore Concentrate grades (%) 40 70 feed 60 30 50 Mi
Slide 9: Systematic and low risk path to advancing Prieska
Systematic and low risk path to advancing Prieska Prieska target mineralisation and existing mine infrastructure For personal use only BFS scheduled for completion Q4 2018 ─ DRA appointed as lead BFS consultants Key BFS technical project parameters include ─ Construction of 1.2mtpa throughput fl
Slide 10: Significant infrastructure footprint
Significant infrastructure footprint Decline portal viewed from Prieska headframe For personal use only Sealed access roads to project site 48km via bitumen road to existing rail siding 75MW operational solar power plant – 4 HV regional lines linked to national electricity grid 800km rail li
Slide 11: Re-entry to underground development commenced
Re-entry to underground development commenced For personal use only Mine infrastructure, development and Deep Sulphide target Regulatory permits received and mine decline and shaft re-entry commenced in April 2017 – Initial findings indicate ground conditions and infrastructure in good order – Inc
Slide 12: Shaft & Underground Roadway Conditions Inspected by Expert Safety Inspectors & Engineers
Shaft & Underground Roadway Conditions Inspected by Expert Safety Inspectors & Engineers (Q2 2017) For personal use only 12
Slide 13: Deep sulphide target drilling progressing rapidly
Deep sulphide target drilling progressing rapidly Long section with current drilling and historical development For personal use only Drilling underway with 14 rigs on site to confirm statistical validity of extensive historical drilling database, infill and extend delineated mineralisation ─ Prev
Slide 14: First Deep Holes Intersect High Grade Massive Sulphides
First Deep Holes Intersect High Grade Massive Sulphides Deep sulphide drilling For personal use only First six drill holes in Deep Sulphide target have intersected massive sulphides ─ Provides proof of concept and validation of historical database Hole OCOD048 intersected 22.45m at 5.33% Zn and
Slide 15: Deep Sulphide - Resource Drill Out Underway
Deep Sulphide - Resource Drill Out Underway Plan view of Deep Sulphide drilling program highlighting completed holes For personal use only refer ASX release 6 September 2017 15
Slide 16: +105 Level Target - a high grade open pit opportunity
+105 Level Target - a high grade open pit opportunity Interpreted section of +105 Level Target For personal use only +105 Level Target is up-dip extension unmined mineralisation JORC resource estimate targeted for completion in late 2017 Step out drilling confirms continuity and tenor of mineral
Slide 17: +105 Level Target - a high grade open pit opportunity
+105 Level Target - a high grade open pit opportunity For personal use only 17
Slide 18: Ground conditions support mining strategy
Ground conditions support mining strategy For personal use only Geotechnical solution to mining challenge Draw point on 105 mining level developed to unlock potential of this important target ─ Drilling techniques have allowed for successful testing of areas effected by sinkholes and mining subsid
Slide 19: +105 Level Target drilling plan
+105 Level Target drilling plan For personal use only refer ASX release 25 May 2017 19
Slide 20: Generating significant momentum on the ground
Generating significant momentum on the ground For personal use only Orion Board approval to commence BFS in July 2017 with target completion in Q4 2018 – +105 Level Target, maiden JORC compliant Mineral Resource expected Q4 2017 – Deep Sulphide Target, maiden JORC compliant Mineral Resource expect
Slide 21: Active CSR - Developing Social and Labour Plan
Active CSR - Developing Social and Labour Plan • Orion is a catalyst for socio-economic development. For personal use only We strive for :- * Sustainability * Focus * Entrepreneurship *Impact Public participation meeting in Siyathemba - Prieska 21
Slide 22: The regional potential of the Northern Cape district
The regional potential of the Northern Cape district For personal use only Established mining region without the challenges of gold, coal and platinum industries ─ Supportive and engaged local stakeholders Southern African Zinc deposits Presence of leading global mining houses and robust institu
Slide 23: Areachap - a highly prospective base metals belt
Areachap - a highly prospective base metals belt Three superimposed geological events produce For personal use only exceptional exploration potential The Areachap terrain is within a tectonic/mobile belt on western margin of Kaapvaal Craton and has subsequently been intensely altered & tectonised
Slide 24: Strategy to unlock regional potential of the belt
Strategy to unlock regional potential of the belt Marydale IP Survey For personal use only Value of modern exploration techniques have already been demonstrated by recent geophysical surveys Majority of historical surveys 1980’s Techniques have been refined or superseded Modern day geophysic
Slide 25: Zinc: Raw materials constraints drive positive outlook
Zinc: Raw materials constraints drive positive outlook Declining zinc stock and pricing impacts For personal use only Key mine closures and reductions over the past year starting to bite, 2016 mine output down 5.2% – Discretionary supply cuts from Glencore (500ktpa) and Nyrstar (100ktpa) – Comment
Slide 26: Copper: Growing demand with supply challenges
Copper: Growing demand with supply challenges For personal use only Chilean mine supply continues to struggle – Grade declines and labour issues at major mines – Power and water challenges increase cost pressures for future Chilean production Large supply projects carry technical and/or geo-poli
Slide 27: 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 Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) and is based on information
Slide 28: Orion Minerals NL contact information
Orion Minerals NL contact information: For personal use only Phone: +61 (0)3 8080 7170 Email: info@orionminerals.com.au Website: www.orionminerals.com.au 28