Orion Minerals Limited · ASX:ORN
Orion Minerals — Resources Rising Stars Investor Conference 2024 and Africa Down Under Conference 2024
31 slides from Orion Minerals's conference presentation, Sep 3, 2024
Slide 1: Orion to Present at Resources Rising Stars and Africa Down Under Conferences
ASX/JSE RELEASE: 3 September 2024 Orion to Present at Resources Rising Stars and Africa Down Under Conferences Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) is pleased to advise that its Managing Director and CEO, Mr Errol Smart, will be presenting at the Resources Rising Stars Gold C
Slide 2: Building Tomorrow's Mines Today
For personal use only 29 30 28 27 79 47 Cu Zn Ni Co PGE Au Ag Copper Zinc Nickel Cobalt PGE Gold Silver BUILDING TOMORROW’S MINES TODAY Errol Smart - Managing Director and CEO September 2024 ASX: ORN | JSE: ORN Page
Slide 3: Disclaimer
DISCLAIMER This presentation contains summary information about • may include, among other things, statements • disclaim any obligations or undertaking to release Orion Minerals Ltd and its subsidiaries (Orion or Company) regarding targets, estimates and assumptions in any updates or revisions to th
Slide 4: Competent Person Statement
Competent Person Statement The information in this presentation that relates to Orion’s Exploration Results is a compilation of previously released reports to ASX by Orion Minerals on 25 July 2023, 17 August 2020, 6 August 2020, 6 May 2020, 9 March 2020, 3 September 2019, 8 July 2019 and compiled by
Slide 5: Our Mission
OUR MISSION FULLY INTEGRATED FROM EXPLORATION TO MARKET For personal use only PRODUCING FUTURE FACING METAL PRODUCTS ESG CERTIFIED METALS, TRACKED AND VERIFIED FROM EXPLORATION TO SALE Page 4
Slide 6: Company Snapshot
COMPANY SNAPSHOT Capital Structure Summary Current Board of Directors Senior Management For personal use only Shares on issue (26 Aug’24) 1 6,834M Denis Waddell, Chairman Peet van Coller, CFO Options on issue (26 Aug’24) 268M Errol Smart, MD & CEO Martin Bouwmeester, Company Secretary Godfrey Gomwe,
Slide 7: Focus on Two Highly Prospective South African Mineral Districts
FOCUS ON TWO HIGHLY PROSPECTIVE SOUTH AFRICAN MINERAL DISTRICTS Brownfields success being followed by greenfields exploration For personal use only 3,582km2 of prime mining and exploration rights 450km Orion Okiep Copper Projects Orion Areachap Projects Refer ASX/JSE releases 2 February 2021 and 2 A
Slide 8: Prieska Copper Zinc Mine (PCZM)
For personal use only 29 30 28 27 79 47 Cu Zn Ni Co PGE Au Ag Copper Zinc Nickel Cobalt PGE Gold Silver PRIESKA COPPER ZINC MINE (PCZM) Building Tomorrow’s Mines Today ASX: ORN | JSE: ORN Page
Slide 9: Prieska Copper Zinc Mine (PCZM)
PRIESKA COPPER ZINC MINE (PCZM) BANKABLE – FULLY PERMITTED – READY TO MINE The orebody • Globally significant VMS Mineral Resource: 31Mt at 1.2% Cu, For personal use only 3.6% Zn • Increased Mineral Reserve: 14.5Mt at 1.1% Cu and 3.2% Zn • BFS20 provides indicative project metrics, to be replaced sh
Slide 10: PCZM Cross and Long Sections
PCZM CROSS AND LONG SECTIONS For personal use only 1,250m 31Mt @ 1.2% Cu, 3.6% Zn 2.6km Refer ASX/JSE release 25 July 2023 Page 9
Slide 11: Key Challenges for Orion with PCZM BFS-20
KEY CHALLENGES FOR ORION WITH PCZM BFS-20 For personal use only High capital, long lead-time project • Can we bring forward production and reduce funding? Skills / Development Team? • Orion is proven as an explorer and study team – but where are the mining team and experience? Dewatering • What are
Slide 12: Alternative Development Strategy: Starting Small to Grow Big
ALTERNATIVE DEVELOPMENT STRATEGY STARTING SMALL TO GROW BIG Early Production Plan for PCZM under investigation to capitalise on the positive near-term outlook for the base metals market For personal use only STRATEGY • Address perceived high-risk elements of plan to reduce cost of funding • Prove up
Slide 13: Development Strategy: Early Mining Targets
DEVELOPMENT STRATEGY EARLY MINING TARGETS • Shallow Mining Plan aims to target mining from shallow underground and remnant pillars, while dewatering underway For personal use only • Stream Finance and early funding progressively drawn down, providing funding for trial mining and Early Production Str
Slide 14: Total Funding Secured to Advance PCZM
TOTAL FUNDING SECURED TO ADVANCE PCZM IDC Convertible Loan For personal use only AUD20 million Drawn and applied for site establishment (ZAR250m) and Trial Mining Triple Flag – Gross Revenue Return AUD10 million Drawn and used to execute Trial Mining Subtotal drawn PCZM Project Finance Facility* AUD
Slide 15: Okiep Copper Project (OCP)
For personal use only 29 30 28 27 79 47 Cu Zn Ni Co PGE Au Ag Copper Zinc Nickel Cobalt PGE Gold Silver OKIEP COPPER PROJECT (OCP) Building Tomorrow’s Mines Today ASX: ORN | JSE: ORN Page
Slide 16: Okiep Copper Project: A Standout Growth Opportunity
OKIEP COPPER PROJECT (OCP) A STANDOUT GROWTH OPPORTUNITY For personal use only • Progressing Orion’s Okiep Copper Project to acquire and apply for additional prospecting rights in the historic Okiep Copper Complex: • Historical production of +2Mt of copper • JORC Mineral Resource of 11.5Mt at 1.4% C
Slide 17: OCP Historical Discoveries and Mines
OCP HISTORICAL DISCOVERIES AND MINES For personal use only • Mineralised intrusive bodies intrude structures aligned in east-west trending structural corridors • 25% of mineralised corridors hidden under thin surface cover • Modern geophysics expected to assist in detecting mineralisation underneath
Slide 18: Ownership Changes Coincided with Cu Price Lows
OWNERSHIP CHANGES COINCIDED WITH CU PRICE LOWS For personal use only Copper Price $/ton (real) Mining ceases / stripped Newmont Goldfields Metorex Source: Mergence Capital Page 17
Slide 19: NOM – Flat Mines 2021 Scoping Study
NOM – FLAT MINES 2021 SCOPING STUDY INDICATED ROBUST ECONOMICS FOR INITIAL “PILOT” MINING • BFS24 nearing completion For personal use only • Industrial Development Corporation (IDC) project partners • Foundation phase is modelled for 12 years • Concurrent exploration targeting mine expansion • Scopi
Slide 20: Key Surface Rights Acquired at New Okiep Mining, Flat Mines Project
KEY SURFACE RIGHTS ACQUIRED AT NEW OKIEP MINING, FLAT MINES PROJECT • Acquired 12,156 hectares of surface rights at OCP in January 2024 For personal use only • Includes 5,687 hectares in the New Okiep Mining Project area and 5,539 hectares in the surrounding Prospecting Rights area in the Northern C
Slide 21: Validation Drilling
VALIDATION DRILLING • The recent acquisition of the Mora Plase Farms has For personal use only permitted the commencement of a validation drilling programme into the Flat Mines East and South deposits • Drill core from this programme will be used to validate the legacy exploration results in these a
Slide 22: Jacomynspan Nickel-Copper-PGE Project (JMP)
For personal use only 29 30 28 27 79 47 Cu Zn Ni Co PGE Au Ag Copper Zinc Nickel Cobalt PGE Gold Silver JACOMYNSPAN NICKEL-COPPER-PGE PROJECT (JMP) Building Tomorrow’s Mines Today ASX: www.ORN | JSE: ORN orionminerals.com.au Page
Slide 23: Jacomynspan Project: Nickel-Copper-Cobalt-PGE Mining Right
JACOMYNSPAN PROJECT (JMP) NICKEL-COPPER-COBALT-PGE MINING RIGHT Potential significant future For personal use only metals producer • Only 10% of the outcropping/shallow sub cropping mineralised intrusive has been drilled • JORC compliant Mineral Resources: >65 million tonnes of ore containing 180kt
Slide 24: JMP Ownership
JMP OWNERSHIP - 50% ORION AND 37%, AFRICAN NICKEL, 13% FOUNDING MINORITIES For personal use only Executed Mining Right over Ni-Cu-Co-PGE+Au Intrusive Complex Refer ASX/JSE release 4 March 2022 Page 23
Slide 25: Raw Materials Critical to Electric Vehicle Production
RAW MATERIALS CRITICAL TO ELECTRIC VEHICLE PRODUCTION For personal use only The Jacomynspan Mining Right Area has mineral deposits that can potentially supply 13 metals and materials of the 24 that are critical to battery electric vehicle production, cleaner combustion & energy transition. Investiga
Slide 26: Investigating Innovative Combination of Metal Vapour Refining Technologies
INVESTIGATING INNOVATIVE COMBINATION OF METAL VAPOUR REFINING TECHNOLOGIES (MVT) For personal use only • Treating higher metallurgical recovery – lower grade concentrates (Maximises value extraction of ore deposit) • Enables >90% metal recovery to concentrate • Recovery of >95% of all metals from su
Slide 27: Combining Proven Chloro and Carbonyl Metal Vapour Process Technologies
COMBINING PROVEN CHLORO AND CARBONYL METAL VAPOUR PROCESS TECHNOLOGIES “MVT” TO PRODUCE HIGH PURITY CRITICAL METAL POWDER PRODUCTS Tronox – A super scale user of Chloro – MVT For personal use only United Kingdom Netherlands Australia Saudi Arabia Copper Cliff, Canada Clydach, Wales Germany Vale is t
Slide 28: Areachap Belt: Enormous Exploration Upside
AREACHAP BELT-ENORMOUS EXPLORATION UPSIDE AREACHAP – AN UNDER-EXPLORED BELT WITH HIGH METAL ENDOWMENT Targeting high-quality deposits in an under-explored district For personal use only Multiple Cu-Zn, Cu-Au VMS, Ni- Cu-Co-PGE-Au intrusive targets and Li, REE pegmatite within Orion’s mineral rights
Slide 29: ESG Leader, Promoting Regional Growth
ESG LEADER, PROMOTING REGIONAL GROWTH BUILDING MINES, BUILDING COMMUNITIES • Emerging ESG Leader Award at the 2020 AAMEG Africa Awards For personal use only • Junior ESG Award for Enhanced Labour Standards at the 2022 Investing in African Mining Indaba • Emerging ESG Leader for an Explorer/Developer
Slide 30: Mineral Resource & Reserve
Mineral Resource & Reserve Prieska Copper Zinc Mine – Mineral Resource (Effective Date 25 July 2023) Cu Cu Zn Zn Resource Classification Tonnes (tonnes) (%) (tonnes) (%) Deep Sulphide Indicated 19,000,000 220,000 1.17 670,000 3.60 Resource Inferred 10,000,000 120,000 1.1 420,000 4.1 For personal use
Slide 31: For further information, contact
For personal use only For further information, contact: Orion Minerals Limited Level 27, 120 Collins Street Melbourne, Vic, 3000 Australia Phone: +61 (0)3 8080 7170 Email: info@orionminerals.com.au Website: www.orionminerals.com.au ASX: ORN | JSE: ORN Page