Orion Minerals Limited · ASX:ORN
Orion Minerals — Orion Gold NL — Investor Presentation (March 2015)
30 slides from Orion Minerals's investor presentation, Mar 23, 2015
Slide 1: Exploration gathering momentum on two fronts
For personal use only ASX Code: ORN Exploration gathering momentum on two fronts • Connors Arc, Qld: currently drilling an epithermal gold-silver system • Fraser Range Nickel-Copper, WA: new phase of ground EM underway March 2015 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 For personal use only performance of Orion Gold NL and its projects, are forward-looking statements. Such forward-looking statements: • are nec
Slide 3: Orion: Corporate Summary
Orion: Corporate Summary For personal use only Capital Structure Summary Board & Management Shares on Issue 306M Denis Waddell Chairman Options on Issue 89M CEO, Managing Market Capitalisation (at 4cps) $12M Errol Smart Director Cash on Hand (as at 31 Dec ’14) $1.1M Bill Oliver Technical Director Si
Slide 4: Targeting Company-Making Discoveries on Two Fronts
Targeting Company-Making Discoveries on Two Fronts Fraser Range Nickel-Copper & Gold Connors Arc Epithermal Gold and Porphyry For personal use only Project in Western Australia Project in Queensland • Substantial (>5,000 sq.km) landholding in • Underexplored landholding between Cracow and the em
Slide 5: Connors Arc Project
Connors Arc Project • 2000km2 contiguous tenement For personal use only applications granted and under application • Allows for district scale targeting of Magmatic Arc Mineralisation • Extends approximately 100km north from Mt Mackenzie, a well known high sulphidation epithermal deposit • Several h
Slide 6: Connors Arc Project
Connors Arc Project • Preliminary ORN work recognised that an extensive, shallow in system, For personal use only Intermediate Sulphidation (“IS”) epithermal vein system was developed approximately 8km north of the known Mt Mackenzie High Sulphidation Deposit (refer ASX Release 8 September 2014) • L
Slide 7: Important Analogues For Guidance
Important Analogues For Guidance • Lepanto (Philippines) For personal use only • Porphyry Intrusives + High, Intermediate and Low Sulphidation Epithermal Deposits • Pachuca (Mexico) • Intermediate Sulphidation • Cracow (Queensland, Australia) • Low Sulphidation • Similar age and setting • Pajingo (Q
Slide 8: Lepanto – District Scale Analogy
Lepanto – District Scale Analogy 3.8Mtons Cu + >550tons Au For personal use only VEIPS Cooke & Gemmel 2010 8
Slide 9: Lepanto, Philippines
Lepanto, Philippines IS + LS Veins and Porphyry Orebodies For personal use only Lepanto Consolidated Mining Company 2015 www.lepantomining.com 9
Slide 10: Important Lessons from Epithermal Analogues
Important Lessons from Epithermal Analogues • The surface exposure only provides a clue as to what lies below For personal use only • Veining on surface is a useful guide & traces the trend line to follow • Ore shoots are likely “blind to surface” • Ore shoots at depth may not be directly below best
Slide 11: Initial Focus On IS + LS Epithermal Deposits on Connors Arc
Initial Focus On IS + LS Epithermal Deposits on Connors Arc • They can be GIANT Au + Ag deposits For personal use only • Predominantly vein hosted – Mineralised veins commonly 1- 25m wide – Can have spectacular Au + Ag values – Can have high Au together with Ag >>> Au values – Precious metal deposit
Slide 12: Rapid Project Progress
Rapid Project Progress For personal use only Early Successes • Dec 2013 ~ first tenement granted subject to surface access agreements • Extensive Intermediate • July 2014 ~ Native Title agreement Sulphidation Au-Ag vein • Aug 2014 ~ Mapping Commences system confirmed • Nov 2014 ~ Landowner Agreement
Slide 13: Phase One Epithermal Exploration
Phase One Epithermal Exploration For personal use only Mapping Geophysics / Scout Drilling Remote sensing • Establish baseline data • Tracing epithermal • IP Survey • Host stratigraphy - certain rock types present more favourable veins from creeks up • High Resistivity could assist in hosts than oth
Slide 14: Initial Aurora Flats Epithermal Target Drilling
Initial Aurora Flats Epithermal Target Drilling Roughly midway along Aurora Down dip below historic drilling For personal use only Flats IS Epithermal Vein Trend • Elevated precious metal values • Wide corridor of epithermal veining • Mineralised interval improving with intersected in drill fence li
Slide 15: Geochemistry and SWIR Being Used for Vectoring
Geochemistry and SWIR Being Used for Vectoring Te, W, Mo, Pb, Zn are important Short Wave Infra Red Scans (SWIR) are For personal use only indicator elements in fertile veins and being used to give accurate depth are being used to assist with vectoring indication based on mineral composition • All d
Slide 16: Interpreting Initial Aurora Flats Drilling
Interpreting Initial Aurora Flats Drilling Postulated similarity to upper plunge For personal use only extent of Cracow Royal Shoot • Widening vein with low metal values 4400 mN 4500 mN 4600 mN 4700 mN 4800 mN 4900 mN 5000 mN 5100 mN 5200 mN 5300 mN 5400 mN Royal Standard Klondyke (3,400oz Au) 2300
Slide 17: Alert For Porphyry Potential
Alert For Porphyry Potential Drilling has intersected For personal use only widespread alteration consistent with Porphyry Intrusives • Wide zones of pyritic, epidote, albite, propylitic alteration Sulphidic porphyry with sulphide veins AFRCD012 • Zones of haematite, epidote alteration indicative of
Slide 18: Porphyry-style Alteration and quartz, sulphide veining intersected in drilling
Porphyry-style Alteration and quartz, sulphide veining intersected in drilling For personal use only Thursday Gossan Porphyry Aurora Flats (Stavely Minerals ) (Orion Gold) 18
Slide 19: Alert For Intrusive Porphyry Related Mineralisation
Alert For Intrusive Porphyry Related Mineralisation Aurora Flats IP shows large, blind Magnetic inversion features modelled For personal use only chargeability anomalies Chargeability sections shown are from line 2 (top) and 3A (below) (refer ASX Release 21 November 2014) 19
Slide 20: Planned Work Program 2015
Planned Work Program 2015 For personal use only Epithermal Targets Porphyry Targets • Systematic vectoring in using • Map out alteration zonation geochemistry and alteration • S isotope geochemistry to mineralogy confirm magmatic sulphides • Drilling stepping in to high grade • Geo-stratigraphic dri
Slide 21: Fraser Range Ni-Cu Project
Fraser Range Ni-Cu Project Gravity (regional) • Substantial land holding in the Albany-Fraser For personal use only Belt between two of the most significant Australian exploration discoveries of the past decade: Tropicana • Nova-Bollinger (Ni-Cu-Co) – Sirius Resources • Tropicana (Au) – AngloGold As
Slide 22: Key Targets Based on a Combination of Indicators
Key Targets Based on a Combination of Indicators For personal use only 22
Slide 23: Putting the Ingredients Together - Key Indicators
Putting the Ingredients Together - Key Indicators • Integrated datasets used to define and rank targets 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 Pennor
Slide 24: HA2 Prospect
HA2 Prospect • Historical & ORN shallow drilling detected • Technical review including geochemical and For personal use only anomalous Ni in mafic-ultramafic intrusion petrology studies indicated presence of magmatic • 2014 RC drilling defined substantial lengths of sulphides and prospective geochem
Slide 25: Pennor Shallow Drilling Identifies Geochemical Anomalies
Pennor Shallow Drilling Identifies Geochemical Anomalies • Shallow drilling used to cover a wide area of For personal use only intrusive complex • able to test areas outside magma chambers where feeder zones or thin intrusions may occur • Assay results define coherent nickel anomalies over an extens
Slide 26: Anomalies Detected in Recent Ground EM Survey
Anomalies Detected in Recent Ground EM Survey For personal use only • Late channel anomalies in areas with geological and geochemical indicators (cumulate textures in petrology, anomalous Ni geochemistry) • Follow up high powered fixed loop ground EM survey underway to refine anomalies and model bed
Slide 27: Conceptual Deposit Model – Cross Section
Conceptual Deposit Model – Cross Section For personal use only 27
Slide 28: Summary: Reasons to Invest in Orion
Summary: Reasons to Invest in Orion • Quality projects in key locations chasing “giants”: For personal use only • Lepanto (Philippines), Pachuca (Mexico) and Cracow, Mt Carlton, Pajingo (Australia) • Nova-Bollinger (Ni), Tropicana (Au) • An “A-list” of significant shareholders • Extensive technical
Slide 29: Competent Persons Statement
Competent Persons Statement Information in this report that relates to Exploration Results and other technical information about the Connors Arc Project complies with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“JORC Code”) For
Slide 30: Orion Gold NL – In situ Mineral Resources at June 2012
Orion Gold Orion Gold NL – In situ Mineral Resources at 30 June 2012 For personal use only Deposit Cut-off Measured Indicated Inferred Total Au g/t Tonnes Au g/t Tonnes Au g/t Tonnes Au g/t Tonnes Au g/t Ounces Au Tubal Cain 4 --- --- 177,000 7.7 680,000 10.5 857,000 9.9 273,400 Eureka 4 --- --- 36,