Orion Minerals Limited · ASX:ORN
Orion Minerals — Orion Gold NL — Investor Presentation (April 2014)
25 slides from Orion Minerals's investor presentation, Apr 9, 2014
Slide 1: Closing in on discovery
For personal use only ASX Code: ORN Closing in on discovery Through intensive, systematic exploration Fraser Range: • Encouraging Ni-Cu-PGE drill results from Peninsula • 23 targets defined within the project area, follow up ground work imminent Investor Presentation April 2014 1
Slide 2: Disclaimer and Forward-Looking Statements
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. Such forward-looking statements: • are nec
Slide 3: Key Achievements in the last 12 months
Key Achievements in the last 12 months 2 Major Acquisitions in the Fraser Range, WA For personal use only • • Completed airborne geophysical surveys • Existing data compiled and re-processed • Completed ground geophysics • Executed 2 phases of drilling – confirming sulphide Ni-Cu present • New Queen
Slide 4: Orion: Corporate Summary
Orion: Corporate Summary For personal use only Capital Structure Summary Shares on Issue 201M Options on Issue (1) 112M Board & Management Market Capitalisation (at 6cps) $12M Denis Waddell Chairman Cash on Hand (as at 31 Dec ‘13) $2.2M Errol Smart CEO, MD (1) Includes 17.0M options expiring 30 Apri
Slide 5: In the Right Neighbourhood
In the Right Neighbourhood • Substantial land holding in the For personal use only Albany-Fraser Belt between two of the most significant Australian exploration discoveries of the past decade: • Nova-Bollinger (Ni-Cu-Co) – Sirius Resources • Tropicana (Au) – AngloGold Ashanti / Independence Group •
Slide 6: In the Right Neighbourhood
In the Right Neighbourhood Aeromagnetics Gravity (regional) For personal use only Tropicana Tropicana Nova Nova 6
Slide 7: Conceptual Deposit Model – cross section
Conceptual Deposit Model – cross section For personal use only 7
Slide 8: Moving quickly – intensive, systematic exploration
Moving quickly – intensive, systematic exploration March 2013 – Announced Kamax acquisition For personal use only June 2013 – Commenced HeliTEM survey over Peninsula July 2013 – HA1, HA2 and HA3 anomalies defined – Ground EM commenced at Peninsula August 2013 – Announced Creasy transaction – HA1 and
Slide 9: Key targets
For personal use only Key targets 9
Slide 10: Putting the ingredients together - key indicators
Putting the ingredients together - key indicators For personal use only Geophysics Geology Geochemistry Associated Anomalous Fertile Mag EM IP Gravity Mafic Sulphides Mineralogy Cu, Co, S, Ni PGE whole rock HA2 * * Medusa * * * * * * * Pennor * * * * * * * * HA1 *
Slide 11: Recent Work Defines Targets (Aeromagnetics)
Recent Work Defines 23 Targets (Aeromagnetics) Aeromagnetics For personal use only Interpreted Medusa Intrusion Interpreted Peninsula Intrusion 11
Slide 12: Recent Work Defines Targets (Airborne EM)
Recent Work Defines 23 Targets (Airborne EM) VTEM Ch48 & HeliTEM Ch29 For personal use only 12
Slide 13: Recent Work Defines Targets (Ground Gravity)
Recent Work Defines 23 Targets (Ground Gravity) Gravity (ground survey) For personal use only Interpreted Medusa Intrusion 13
Slide 14: HA2
HA2 • 2014 drilling defined substantial lengths of Ni-Cu Work Programs: For personal use only mineralisation in eastern part of intrusion • IP survey across entire intrusive body • Wholerock geochemistry and petrology awaited • Drilling to test margins of intrusion • Margins of intrusion established
Slide 15: Pennor
Pennor For personal use only Coincident indicators: • Magnetic “low” similar to Peninsula • Dimensions 3km x 1.7km Pennor • Gravity anomalies within low and on margin • No historical drilling Work Programs: • Ground EM survey • 2D IP survey • Aircore drilling to test for mafic lithologies in bedrock
Slide 16: Medusa
Medusa Coincident indicators: Work Programs: For personal use only • Large interpreted intrusive body with several • Ground geophysics (EM, IP) to test areas where magnetic “lows” similar to Peninsula airborne EM ineffective • Substantial gravity anomalies • Aircore drilling to sample mafic intrusio
Slide 17: CE Prospect
CE Prospect Coincident indicators: For personal use only • Magnetic “eye” feature • Gravity anomalies • Mafic intrusives intersected in aircore drilling: petrography & geochemistry results awaited Work Programs: • To be determined based on assay results as well as results of petrology and wholerock
Slide 18: CD Prospect
CD Prospect • Coincident indicators: Work Programs: For personal use only • Multiple VTEM anomalies • Ground geophysics (EM, IP) to confirm / define • Linear VTEM anomaly – similar to airborne EM anomalies Mammoth Prospect. • Aircore drilling to test confirmed anomalies for • No previous drilling ma
Slide 19: HA1
HA1 Coincident indicators: Work Programs: For personal use only • Mafic/ultramafic intrusives intersected in aircore/RC drilling • Structural interpretation to determine intrusion • Off hole EM anomaly detected in downhole EM morphology • Anomalous Cu, PGE, S assays and isolated low level Ni • Revie
Slide 20: Exploration Strategy – the next months
Exploration Strategy – the next 6 months For personal use only Activity 1 2 3 4 5 6 Petrology & geochemical studies Ground EM (new targets) Ground IP survey (3D survey HA2, 2D survey Pennor/Medusa) Approvals / Earthworks Aircore Drilling Targeted (Pennor, Medusa, others) Mobilisation ?? RC Drilling
Slide 21: Other Assets: Gold and PGE rich Ni-Polymetals
Other Assets: Gold and PGE rich Ni-Polymetals For personal use only Orion Gold is focused on acquiring, exploring and developing large tenement holdings or regional scale mineral opportunities in world-class mineral provinces. • Aurora Flats Epithermal Gold Project in Queensland • Underexplored land
Slide 22: Walhalla Polymetals: Coopers Creek
Walhalla Polymetals: Coopers Creek For personal use only Mineralisation demonstrated to occur in footwall OCC003 as well as keel 24m @ • 0.49% Cu • 0.33g/t Pt • 0.59g/t Pd • 0.12g/t Au from 184m CC003 36m @ • 1.75% Cu • 0.2% Ni • 0.78g/t Pt • 1.08g/t Pd • 0.39g/t Au Mineralisation • 8.8g/t Ag open d
Slide 23: Aurora Flats Epithermal Au target
Aurora Flats Epithermal Au target A For personal use only B Aurora Flats long section (A-B), looking north-west 1.5km of prospective strike (minimum) Superficial cover – no surface expression of vein Au in soils anomaly Au in soils anomaly AFRC002 PDH512 • 4m @ 0.17g/t Au, 20ppm Ag • 6m @ 0.3g/t Au,
Slide 24: Summary: Reasons to Invest in Orion
Summary: Reasons to Invest in Orion For personal use only • Quality projects in key locations • Systematic, intensive exploration • An “A-list” of significant shareholders • Extensive technical expertise • Proven track record • Continued active support • Highly experienced operations team • Explorat
Slide 25: Competent Persons Statement
Competent Persons Statement The information in this report that relates to Exploration Results at the Fraser Range Projects complies with the 2012 Edition of the For personal use only Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“JORC Code”) and is base