Orion Minerals Limited · ASX:ORN
Orion Minerals — Orion Gold NL — Investor Presentation (September 2011)
27 slides from Orion Minerals's investor presentation, Aug 31, 2011
Slide 1: Investor Update
Investor Update For personal use only September 2011
Slide 2: Disclaimer & Competent Person's Statement
Disclaimer & Competent Person’s Statement Disclaimer and forward-looking statements For personal use only Certain statements contained in this presentation, including information as to the future financial or operating performance of Orion Gold NL and its projects, are forward-looking statements.
Slide 3: Project Locality
For personal use only Project Locality
Slide 4: Introduction
Introduction Focused on Walhalla Gold Project - a goldfield with significant high grade historical For personal use only production of over 4 million ounces G l Geology and d geometry t off historical hi t i l deposits d it enabled bl d straight t i ht forward f d mining i i methods th d Highl
Slide 5: Walhalla History
Walhalla History The Cohen’s reef system (mined late 1800s to For personal use only early 1900s) has Victoria’s highest production from a single shoot at ~1.5 million ounces at a head grade around 40 Au g/t After approximately 40 years of mining many basic features of the system remained unknown
Slide 6: Tenement Holdings
Tenement Holdings Approx 730 square kilometres For personal use only Gold production in the region of over 4 million ounces 420 historic workings g - indicate the location of mineralisation and outline the mineralised ‘trends’ Minimal modern day exploration Recent selective ground acquisit
Slide 7: Priority Exploration Areas - Walhalla
Priority Exploration Areas - Walhalla New structural For personal use only interpretation - high prospectivity areas at W lh ll and Walhalla d regionally i ll Cohen’s structural model defines pattern of mineralisation regionally Important controls on mineralisation identified at intersections
Slide 8: Cohen's Reef - New Structural Understanding
Cohen’s Reef - New Structural Understanding For personal use only S N SPLAY FAULT Lomond Zone 1,000 m Steeply plunging shoot at conjunction off faults f lt CROSSCUTTING TERMINATING STRUCTURE
Slide 9: Cohen's Reef - New Structural Understanding
Cohen’s Reef - New Structural Understanding Re-assess Cohen’s For personal use only S Reef, with new N detailed 3D structural model in SPLAY FAULT progress targeting Lomond Bulk shallow Zone resources High grade Cohen’s style shoots 1,000 m Steeply plunging Wealth of shoot at conjunction inf
Slide 10: Cohen's Reef - New Structural Understanding
Cohen’s Reef - New Structural Understanding Opportunities For personal use only S N arising from new structural model SPLAY FAULT Lomond Extensions to Zone “Stockwork mineralisation mineralisation” previously identified by Normandy 1,000 m Steeply plunging Poseidon shoot at conjunction interpret
Slide 11: Cohen's Project - Lomond's Zone
Cohen’s Project - Lomond’s Zone For personal use only Previous production on Cohen’s line of reef suggests an excellent exploration opportunity with outstanding targets Recent structural reinterpretations supports a target zone at Lomond’s Further structural interpretation suggests targets at
Slide 12: Lomond's Structures
Lomond’s Structures For personal use only New structural study Lomond Zone - shows mineralisation drill to the west potentially controlled by east dipping structures linking from main fault to splay p y faults Possible significant reso rce upgrade resource pgrade by b drilling to the west Furt
Slide 13: Priority Exploration Areas - Walhalla
Priority Exploration Areas - Walhalla New structural For personal use only interpretation - high prospectivity areas at W lh ll and Walhalla d regionally i ll Cohen’s structural model defines pattern of mineralisation regionally Important controls on mineralisation identified at intersections
Slide 14: Longfellow's Priority Target
Longfellow’s Priority Target Significant historic For personal use only high grade production of 10,044 ounces at 28.4 Au g/t B Intersection between north south regional trend and cross Underground Sampling (1) structure 200m @ 4.95 Au g/t Shallow Target Zones accessible 75m @ 4.12 Au g/t prio
Slide 15: Longfellow's Priority Target
Longfellow’s Priority Target For personal use only Historical Production: 10,968 tonnes at 28.4 Au g/t 10,044 gold ounces High grade past production Shallow accessible priority target
Slide 16: Priority Exploration Areas - Walhalla
Priority Exploration Areas - Walhalla New structural For personal use only interpretation - high prospectivity areas at W lh ll and Walhalla d regionally i ll Cohen’s structural model defines pattern of mineralisation regionally Important controls on mineralisation identified at intersections
Slide 17: Happy Go Lucky Target
Happy Go Lucky Target For personal use only INCREASING MINERALISATION AND GRADE TRENDS Historically, 90,000 ounces of gold recovered Largely unexploited by previous mining Drilling intersected pyrite-gold system Multiple reef system, open in most directions associated with major structure
Slide 18: Regional Exploration
Regional Exploration New structural interpretation: For personal use only Combined structural understanding at Cohen’s and Victor’s Quartz: development of regional historically framework has highlighted areas 33k oz at 15.3 Au g/t in the regional tenement package including New Dawn - Toombon, To
Slide 19: Regional Historical Production
Regional Historical Production Major + 50koz gold producers For personal use only on central Cohen’s Line 7 of 9 + 50k oz producers on this trend Gold production from mines on this trend totals 4 million ounces Victor’s Quartz Production clearly defines the most prospective trend – tenure is
Slide 20: Regional Exploration
Regional Exploration New structural interpretation: For personal use only Combined structural understanding at Cohen’s and development of regional framework has highlighted areas in the regional tenement package including New Dawn – Toombon and Victor’s Quartz areas Upgrades prospectivity of r
Slide 21: New Dawn – Toombon (ORN 85%)
New Dawn – Toombon (ORN 85%) Located on the recently For personal use only reinterpreted Cohen’s trend Historic workings are interpreted to be situated in the same stratigraphy and structural setting as the main Cohen’s Reef Area A has h b been subject bj t to t very little modern exploration
Slide 22: Tubal Cain – Eureka Deposits
Tubal Cain – Eureka Deposits For personal use only Belt of dyke-hosted ladder reef style deposits Historical production: Tubal Cain 30,000 ounces of gold at 1 ounce per tonne Eureka 3,000 ounces of gold at 16 A Au g/t Resources previously outlined at Tubal Cain and Eureka
Slide 23: Tubal Cain
Tubal Cain For personal use only Completed evaluation of development options based on a review of the resources and mining economics at Tubal Cain. o e a supp Potential supplementary e e ayo ore e source should other gold resources underpin future mining operations within the C Company’s ’ Walha
Slide 24: Walhalla – A Staged Exploration Approach
Walhalla – A Staged Exploration Approach Progress: For personal use only Structural review of Cohen’s Reef deposit following 6,500 metre diamond drill program in 2010 provides new model and insights into controls on mineralisation, locally and regionally Newly interpreted regional Cohen’s tren
Slide 25: Walhalla – A Staged Exploration Approach
Walhalla – A Staged Exploration Approach For personal use only Short Term Exploration Aims: Drill test a number of north – south mineralised trends at intersections with major crosscutting structures Test regional drill targets in prospective areas Re-assess Cohen’s Reef, with new detailed 3
Slide 26: Corporate
Corporate For personal use only Board: Capital Structure Denis Waddell (Executive Chairman) 765 million fully paid ordinary shares Graeme Sloan (Non-Executive Director) 85 million options exercisable $0.01 Sandy Haller (Non-Executive Director) 15 million options exercisable at $0.02 2 million
Slide 27: Questions
For personal use only Questions
Orion Gold NL — Investor Presentation (September 2011) on 6ix