Orion Minerals Limited · ASX:ORN
Orion Minerals — Orion Gold NL — Investor Presentation (August 2013)
35 slides from Orion Minerals's investor presentation, Aug 5, 2013
Slide 1: Acquiring a commanding land position in the Fraser Range
For personal use only ASX Code: ORN Acquiring a commanding land position in the Fraser Range • Creasy deal adds approximately 2600km2 of highly prospective tenements to Fraser Range landholdings • Compelling Nickel-Copper targets already defined at Orion’s Peninsula Ni Project • Follow up ground geo
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: Transaction
Transaction For personal use only • Acquisition of a majority interest (70%) in Tropicana 2,628km2 of tenements from entities associated with the Creasy Group. • Four granted exploration licenses (1,011km2) and three contiguous applications (1,617km2). • Tenements are located in the northern Fraser
Slide 4: Orion: Corporate Summary
Orion: Corporate Summary For personal use only Capital Structure Summary Shares on Issue 140.7M Shares on Issue (post acquisition & raising) approx 197M Options on Issue 91.4M Options on Issue (post acquisition & raising) approx 110M Market Capitalisation (current) $18M (at 13cps) Significant Holder
Slide 5: Highly Experienced Team
Highly Experienced Team The Board For personal use only Denis Waddell Chairman Chartered Accountant. Extensive experience in the management of exploration and mining companies. Founding director of Tanami Gold NL from 1994 until November 2012. Previously Finance Director – Metana Minerals Group. Err
Slide 6: Creasy deal creates significant ground position
Creasy deal creates significant ground position Current Post Acquisition For personal use only Acquired tenements 6
Slide 7: Regional Setting
Regional Setting Tenement package is For personal use only located within the Albany- Fraser Mobile Belt. Tropicana Peninsula Nova N N 20km 20km 7
Slide 8: Historical high resolution aeromagnetics
Historical high resolution aeromagnetics Interpreted For personal use only Medusa Intrusion Prominent magnetic feature E39/1653 Peninsula Plan of “The Eye” magnetic anomaly (host of Nova/Bollinger Deposit) for scale. See Appendix for details. N Interpreted Peninsula Intrusion 5km 8
Slide 9: Surface Geochemical Sampling Results
Surface Geochemical Sampling Results For personal use only Coincident Ni, Cu, Co anomalism Peninsula • Only first pass geochemical sampling has been carried out on some of the tenements (800m x 400m spacing) • Sampling defines broad low- level coincident Ni-Co-Cu anomalies on E39/1654. 9
Slide 10: Acquisition builds on work done at Peninsula Project
Acquisition builds on work done at Peninsula Project For personal use only Anomalous Ni, Cu, Co & S Plan of “The Eye” magnetic anomaly (host of Nova/Bollinger Deposit) at the same scale as Peninsula figure. See Appendix for details. Peak Hole From To Background Nickel 1,427ppm PLRC015 40 41 244ppm C
Slide 11: Fraser Range Ni-Cu: Lessons From Nova - Bollinger
Fraser Range Ni-Cu: Lessons From Nova - Bollinger For personal use only • Diagram above is taken from Sirius Resources ASX Announcement 6 March 2013 and shows the geological setting of the Nova and Bollinger Deposits • Both deposits are magmatic sulphide deposits hosted by a mafic intrusive complex,
Slide 12: Putting the indicators together – clear Nova analogy
Putting the indicators together – clear Nova analogy For personal use only Nova Peninsula (pre-discovery) (poised for discovery) Mafic intrusion Nickel present in bedrock Copper & sulphur associated with nickel Magnetic anomaly EM conductor 12
Slide 13: HeliTEM Results from Peninsula
HeliTEM Results from Peninsula For personal use only HeliTEM Response Ch29B • Two significant EM anomalies associated with Insets show aeromagnetic images magnetic anomalies have been identified in the of PEN_HA1 & PEN_HA2 HeliTEM survey. • Pen_HA1 & PEN_HA2 shown on plan to right • Significantly PE
Slide 14: Forward Work Programmes for Fraser Range
Forward Work Programmes for Fraser Range For personal use only • Airborne geophysics planned for new Creasy tenements (EM). • Ground EM follow up on target areas in all tenements. • Surface and litho-geochemical surveys on target areas in all tenements. • Infill sampling of coincident Ni, Cu, Co ano
Slide 15: ORN: High Quality Gold – Polymetal Exploration Assets
ORN: High Quality Gold – Polymetal Exploration Assets For personal use only • Fraser Range Gold-Nickel-Copper Project – located in the emerging Fraser Range Belt – between two of the most significant Australian mineral discoveries of the past decade (Nova and Tropicana) • Walhalla Gold & Polymetals
Slide 16: Walhalla Polymetals: Coopers Creek
Walhalla Polymetals: Coopers Creek For personal use only CC002 Note small Drills across surface dyke bulge, expression of but above keel high grade zone. No mineralisation significant assays Large bulge DH81_ML001 with Intersects thin anomalous , dyke, below low grade and to south mineralisation of
Slide 17: Walhalla Polymetals Project: Metal equivalent grade calculations
Orion Gold – Walhalla Polymetals Project For personal use only Metal equivalent grade calculations for drill hole CC003 (Coopers Creek) Over 36 metres (303 – 339m) Over 3.5 metres (331.5 – 335m) US$ Au Cu US$ Au Cu Metal Price Grade Grade value/tonne equivalent equivalent value/tonne equivalent equi
Slide 18: Connors Arc Epithermal Au Project
Connors Arc Epithermal Au Project • Orion’s Connors Arc Project area now For personal use only 100 km comprises three exploration permit applications totaling 593km2 • Immediately along strike from the Mt. Mackenzie high sulphidation epithermal Au mineralisation - a very large, magmatic- hydrotherma
Slide 19: 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 AFRC001 • 2m @ 0.73g/t Au from 84m PDH512 PDH510 Including:
Slide 20: Orion Gold NL – In situ Mineral Resources at June 2012
Orion Gold For personal use only Orion Gold NL – In situ Mineral Resources at 30 June 2012 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,
Slide 21: A Sense of Scale
A Sense of Scale For personal use only The figure used in Slides 7 & 9 is taken from the Sirius Resources ASX Announcement of 6th March 2013 which shows “The Eye” magnetic anomaly and the Nova / Bollinger Deposits. The image has been scaled for comparison using the scale bar in the legend of the dia
Slide 22: Surface Geochemical Sampling
Surface Geochemical Sampling Cu Ni For personal use only Co 22
Slide 23: Orion Gold NL – In situ Mineral Resources at June 2012
Orion Gold For personal use only Orion Gold NL – In situ Mineral Resources at 30 June 2012 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,
Slide 24: Understanding The Opportunity – Walhalla Polymetals
Understanding The Opportunity – Walhalla Polymetals For personal use only • Small, poorly understood surface expressions probably reduced historical interest • Modern geological understanding emphasises the opportunity present in deposits of this style: • In general the host intrusives have low but
Slide 25: WPDS: Key Polymetal prospects
WPDS: Key Polymetal prospects Historical Historic For personal use only Production1 Grades1.2 Prospect Geology (Cu, Ni, PGE) (Cu, Ni, PGE) 1594t Cu 3.75 – 24.5% Cu North plunging dyke bulge; 258t Ni 0.34 – 3.8% Ni surface expression 150m x 30m Coopers 177oz Pt 2.2 g/t Pt Sulphide accumulations in Cr
Slide 26: Coopers Creek
Coopers Creek • Mined sporadically for Cu, records of Ni, Pt, For personal use only Pd, Au, Ag content from 1865 to 1913 • Total material mined: ca. 13,200t • Two styles of sulphide mineralisation evident • Accumulation of polymetal sulphides within interpreted ‘keel’ of north-plunging dyke bulge; •
Slide 27: Notional exploration target
Notional exploration target Schematic Plan Section – Notional Exploration Target • 25m (strike) x 125m (average width) For personal use only • Intersected in drilling 300 metres below surface • SG: 3.2 t/m3 • Tonnes: 10,000t / vertical m • Au equivalent grade: 5 – 6 g/t (based on CC003) • Cu equival
Slide 28: Walhalla Polymetals: Comparison of known occurences
Walhalla Polymetals: Comparison of known occurences Samples of comparable magmatic facies and positions in three different WPDS dykes For personal use only Other Polymetal bearing dykes where keels not identified / tested Coopers Creek dyke Maynard’s Gully 0.27% Cu 0.48% Cu 28ppb Pt 684ppm Ni 90ppb
Slide 29: Orion Gold NL – In situ Mineral Resources at June 2012
Orion Gold For personal use only Orion Gold NL – In situ Mineral Resources at 30 June 2012 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,
Slide 30: Understanding The Opportunity - Queensland
Understanding The Opportunity - Queensland For personal use only • Prior to major epithermal Au discoveries in the 1990’s (Pajingo, Cracow), the established belief was that ‘fossil’ (pre-Cenozoic) epithermal systems had low prospectivity, due to poor preservation potential… • Occurrences were often
Slide 31: Aurora Flats Epithermal Au target
Aurora Flats Epithermal Au target 500m For personal use only AFRC002 • 4m @ 0.17g/t Au, 20ppm • Sparsely and shallowly drill-tested low Ag from 96m • Anomalous As halo to sulphidation epithermal quartz vein structure 155ppm B • The deepest intersections are ca. 80m below surface, on two sections >80
Slide 32: Further Information – Walhalla Gold: Reported Gold Resources
For personal use only FURTHER INFORMATION – WALHALLA GOLD REPORTED GOLD RESOURCES 32
Slide 33: Orion Gold NL – In situ Mineral Resources at June 2012
Orion Gold For personal use only Orion Gold NL – In situ Mineral Resources at 30 June 2012 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,
Slide 34: Orion Gold NL – In situ Mineral Resources at June 2012
Orion Gold For personal use only Orion Gold NL – In situ Mineral Resources at 30 June 2012 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,
Slide 35: Competent Persons Statement
Competent Persons Statement The information in this report that relates to Exploration Results at the Fraser Range Projects is based on information compiled by Mr For personal use only Bill Oliver, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy and the Aust