Orion Minerals Limited · ASX:ORN
Orion Minerals — Investor Presentation (March 2017)
19 slides from Orion Minerals's investor presentation, Mar 13, 2017
Slide 1: Acquiring Advanced Stage, South African Zn-Cu Project
Acquiring Advanced Stage, South African Zn-Cu Project • Extensive Legal, Financial & Technical Due Diligence Completed For personal use only • Historic data gathered and digitally captured ASX Code: ORN • High Grade Zn & Cu drilled by ORN at PC Project – drilling continues • Technical & Engineering
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 its projects, are forward-looking statements. Such forward-looking statements: For personal use only •
Slide 3: Orion: Corporate Summary
Orion: Corporate Summary Capital Structure Summary For personal use only Shares on Issue (1) 698M Board & Management Options on Issue 85.5M Denis Waddell Chairman Market Capitalisation ( at 2.2cps) $15.4M CEO, Managing Errol Smart Cash on Hand (31 Dec’16) $1.2M Director Significant Holder Name Numbe
Slide 4: Orion: Convertible Note and Agama Acquisition
Orion: Convertible Note and Agama Acquisition Convertible Note (1) •Orion conducting a capital raising through the issue of Convertible Notes to various sophisticated and professional investors to For personal use only raise up to $8M through the issue of up to 308M convertible notes, each with a fa
Slide 5: Landmark JV with IGO in Fraser Range
Landmark JV with IGO in Fraser Range Orion Creasy JV GR JV For personal use only Tenements Tenements Tenement IGO 70% 60% 65% ORN 30% 10% 15% Creasy - 30% - GR - - 20% * Independence Group NL: ASX IGO -$700,000 cash payment to ORN -IGO subscribed for $1.3m @ $0.024 in ORN Total cash proceeds to Orio
Slide 6: Areachap – Underexplored, world class mineral province
Areachap – Underexplored, world class mineral province • Despite numerous mineral occurrences including a For personal use only world class Cu-Zn mine being discovered between 1968-1998, no major exploration for past 20 years. • Most discoveries remain open down dip and along strike. • Numerous surf
Slide 7: Areachap South Africa - Three Superimposed Geological Events Produce An Exceptional Metals Province
Areachap South Africa - Three Superimposed Geological Events Produce An Exceptional Metals Province Gold and base metal deposits were deposited in an For personal use only active volcanogenic environment at ≈1.28 Ga. Prieska Cu-Zn deposit recorded as one of world’s 30 largest VMS deposits. Numerous
Slide 8: Understanding VMS Deposits
Understanding VMS Deposits For personal use only • Modern deposits still forming help us understand them • They form in clusters along fault lines • Individual exhalative massive sulphide lenses are metal zoned • Discovery of a system, then a lens are only the first steps, they then need to be teste
Slide 9: Mafic Intrusive Ni-Cu-PGE - Conceptual Deposit Model
Mafic Intrusive Ni-Cu-PGE - Conceptual Deposit Model For personal use only Process to Discovery of Mafic Intrusive Hosted Metal Deposits •Locate the mafic/ultramafic intrusive hosts – often below surface •Determine if they are “fertile” • Ni-Cu sulphide content • Cumulate textures • Immiscible sulph
Slide 10: Orion Provides Diversified Metals Exposure
Orion Provides Diversified Metals Exposure • African project portfolio provides exposure to: For personal use only • Advanced Zinc-Copper project with numerous known satellites on Orion optioned prospecting rights. • Gold-Copper, Nickel-Copper + PGE. • South African Projects - Areachap • Advanced st
Slide 11: Areachap Project – Agama (PC + Marydale)
Areachap Project – Agama ( PC + Marydale ) Agama – Binding Option with Notice of Exercise Delivered. For personal use only •Orion in process of exercising option to acquire a 73.3% interest in a world class VMS Zinc, Copper project and a virgin epithermal Gold discovery. •Effective acquisition price
Slide 12: PC Exploration/Feasibility Study Project: Reviving a historical success
PC Exploration/ Feasibility Study Project Reviving a historical success For personal use only HISTORY OF SUCCESS KEY PROJECT DRIVERS FOR REVIVAL 1971-1991 the mine employed 4,000 people and • Data rich milled 8,000tpd • Drilling indicates extensive remaining mineralisation Produced >430,000tons Copp
Slide 13: PCM Now: Remote Desert Site with Exceptional Infrastructure
PCM 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. • Sealed road to project site. • 48km via bitumen road to existing rail siding. • 800km rail link to major, bulk co
Slide 14: PCM – Schematic Section showing initial targets
PCM – Schematic Section showing initial targets For personal use only • OPEN PIT TARGET? • Dangerous unstable ground. We demonstrated that we can manage it • How do you drill this to prove its even there (not collapsed into sinkholes)? Yes – we are doing it • Can this be mined safely? Yes – we have
Slide 15: +105 Level Open Pit Target
+105 Level Open Pit Target For personal use only 2016 Drilling Results Exceed Expectation – high grade supergene sulphides intersected 15
Slide 16: +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 • Initial 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 (OCO
Slide 17: PCM Deep Sulphide Target
PCM Deep Sulphide Target Permitted to re-access & assess underground development 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. Reopening commences Feb 2017 • Primary mine development in place to rea
Slide 18: 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 19: 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 19