Orion Minerals Limited · ASX:ORN
Orion Minerals — Noosa Mining Conference 2018
30 slides from Orion Minerals's conference presentation, Jul 18, 2018
Slide 1: Orion Minerals Limited Investor presentation July 2018
For personal use only Orion Minerals Limited Investor presentation July 2018 BFS & intensive regional exploration underway, delivering results in a proven minerals belt Developing and exploring world class zinc-copper and nicol-copper-cobalt deposits
Slide 2: Disclaimer and Forward Looking Statements
DISCLAIMER AND FORWARD LOOKING STATEMENTS For personal use only This presentation contains summary information about Orion - may include, among other things, statements regarding Orion confirms that the form and context in which the Competent Minerals Ltd and its subsidiaries (Orion or Company) and
Slide 3: Overview
OVERVIEW For personal use only Connors Arc WHAT WE DO Project Queensland, Australia Orion Minerals is a polymetallic minerals exploration and development company Sold to Evolution Mining (EVN) focusing on zinc, copper, nickel, gold and (May 2018) silver, as well as platinum-group metals with Areacha
Slide 4: Orion Corporate Summary
ORION CORPORATE SUMMARY For personal use only ASX primary listing JSE secondary listing Capital Structure Summary Current Post Capital Raising Significant Holder Name Current % Post Capital Raising %(1) Shares on Issue 1,482M 1,874M(1) Tembo Capital 17.41% 22.998% Options on Issue 191M 194M (1) Inde
Slide 5: Corporate Strategy & Vision
CORPORATE STRATEGY & VISION For personal use only FOCUSED ON THE RE-DEVELOPMENT OF THE PRIESKA ZN-CU PROJECT 1 • Maiden JORC Resource • Lodge Mining Right and Environmental Application Fast-track Prieska • Complete a Bankable Feasibility Study (BFS) • Expand and upgrade the Prieska Project Mineral R
Slide 6: FY18 in Review
FY18 IN REVIEW STRONG PROGRESS MADE ACROSS BUSINESS For personal use only Prieska Development Projects Fraser Range • Maiden JORC Mineral Resource* • Independence Group (IGO) • Secured strong JV partner IGO Over 50,000m of drilling resulted in a secures Joint Venture rights in 2017 maiden JORC Miner
Slide 7: Board of Directors
BOARD OF DIRECTORS For personal use only DENIS WADDELL ERROL SMART ALEXANDER HALLER MARK PALMER MICHAEL HULMES Chairman Managing Director & Non-Executive Director Non-Executive Director Non-Executive Director Chief Executive Officer • Chartered Accountant • Geologist, with professional • Partner of
Slide 8: 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 9: Orion's Phase 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 10: 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 11: 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% and 365,000 tonnes Cu @ 1.2% (based on drilling results available as at 31 Dec 2017)* Drilling is ongoing, with the objective of achieving
Slide 12: Development Plan for the Prieska Project: Leverage Extensive 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 13: 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 14: Well-Understood Metallurgy from Years of Process Plant Operation
WELL-UNDERSTOOD METALLURGY FROM 20 YEARS OF PROCESS PLANT OPERATION For personal use only WAY FORWARD - Test Description and Deliverables OPTIMISED CONCENTRATES • Lock-cycle tests to produce optimised concentrate grades and metal recoveries VARIABILITY TESTING Head Grade Copper Concentrate Zinc Conc
Slide 15: Flowsheet Developed
FLOWSHEET DEVELOPED For personal use only To efficiently process both supergene and hypogene feed to produce marketable concentrates Orion Minerals | ASX & JSE: ORN | Zn, Cu, Ni, Au, Ag, PGE refer ASX release 11 July 2017, 8 February 2018 and 9 April 2018 14
Slide 16: Advanced Mine Design
ADVANCED MINE DESIGN For personal use only North west view Southern view Mined Out Planned Open Pit Areas Level Production Areas: Accesses Longhole Open Stoping Planned Primary Decline Mined Main Out Areas Hoist Shaft 1.0km Deep Eastern view Planned Supergene Open Pit Planned Main Decline Access Min
Slide 17: Open Pit Concept for Supergene Zone Exploitation
OPEN PIT CONCEPT FOR SUPERGENE ZONE EXPLOITATION For personal use only Pit Design Pit Access Ramp Oxide Resource Supergene Conceptual Supergene Resource Pit Design Stopes to Backfill Mined Out Areas Mined Out Areas View from East View from North West Orion Minerals | ASX & JSE: ORN | Zn, Cu, Ni, Au,
Slide 18: 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 19: 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 20: 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 21: 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 quiesc
Slide 22: 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 21
Slide 23: High-Grade Nickel Sulphide Potential
HIGH-GRADE NICKEL SULPHIDE POTENTIAL For personal use only Geological modelling applying modern Interpreted conductors (red dots) from recent understanding confirms compelling SkyTEM survey, as potential ultramafic intrusive Plan showing grids, EM conductors and historic follow -up targets surroundi
Slide 24: 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 25: Appendices
For personal use only Appendices
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: Fraser Range belt scale opportunity for IGO
For personal use only Fraser Range is a belt scale opportunity for IGO with systematic exploration underway over 14,800km2 of consolidated tenure • Hosts two world class recent discoveries: Tropicana and Nova Goal is to discover the next Nova! Refer IGO AMEC Convention Presentation 2018 (IGO ASX rel
Slide 28: IGO: nickel and EV demand
Solidifying IGO’s position as Confident that nickel will For personal use only a world class base metals be a big winner from EV producer aligned to the demand disruption growing EV structural shift - 2018E supply deficit of 167kt(2) • Nova Nickel Mine Supply by Product (kt)(1) Ni ktpa Ni ktpa • Pot
Slide 29: Orion Minerals
For personal use only G Orion Minerals
Slide 30: 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