Orion Minerals Limited · ASX:ORN
Orion Minerals — Investor Presentation (February 2018)
28 slides from Orion Minerals's investor presentation, Feb 8, 2018
Slide 1: BFS & Intense Regional Exploration underway, delivering results
BFS & Intense Regional Exploration For personal use only underway, delivering results ASX Code: ORN in a Proven Minerals Belt JSE Code: ORN Investor Presentation February 2018 “Expediting development at Prieska while seeking to unlock the minerals potential of the extensive land package through adva
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 Minerals Ltd (Orion) and its projects, are forward-looking statements. Such forward-looking statements: For personal use o
Slide 3: Orion: Corporate Summary
Orion: Corporate Summary ▪ Orion’s primary listing is on the ASX. ▪ Secondary listing of its Shares on the Main Board of the Johannesburg Stock Exchange since September 2017. For personal use only Capital Structure Summary Board Shares on Issue 1,290M Denis Waddell Non Executive Chairman (chartered
Slide 4: Executing a well timed counter cyclic growth strategy
Executing a well timed counter cyclic growth strategy For personal use only Source: Barclays Research, Federal Reserve Price Data PCM is an Advanced Stage, Large Scale, High Grade, Zinc – Copper Project With Superb Exploration Upside 4
Slide 5: Major consolidation play in a proven mineralised district
Major consolidation play in a proven mineralised district For personal use only ▪ Orion acted at bottom of cycle in 2015 and secured a large consolidated land package (1,790 km2) ─ Secured a potential company making project in Prieska ─ First time this highly prospective region has been consolidated
Slide 6: Prieska ownership structure
Prieska ownership structure Prieska in operation mode (1973) For personal use only ▪ Orion acquired option to purchase Agama Exploration & Mining in July 2015 ─ Extensive DD process completion, including technical, regulatory and economic work streams ─ Transaction consideration A$8.9m*, completed i
Slide 7: Prieska – A mining success story with lots remaining
Prieska – A mining success story with lots remaining Mine Manager’s planning proposal to Anglovaal corporate office (June 1987)* For personal use only *This is an historical estimate and is not reported in accordance with the 2012 Edition of the JORC Code. A Competent Person has not completed suffic
Slide 8: Maiden JORC Resource - February 2018
Maiden JORC Resource - February 2018 For personal use only Global Mineral Resource For Prieska Project - Repli Trading No 27 (PTY) Ltd Classification Zn Cu Au Ag Tonnes Metal Tonnes Grade (%) Metal Tonnes Grade (%) Metal Ounces Grade (g/t) Metal Ounces Grade (g/t) Deep Sulphide Inferred 22,649,000 8
Slide 9: Deep Sulphides present a high value mining target
Deep Sulphides present a high value mining target Inferred Mineral Resource for Prieska Project Deep Sulphides For personal use only Zn Cu Au Ag Cutoff % calc * Volume (m3 ) Tonnes Tonnes Grade (%) Tonnes Grade (%) Ounces Grade (g/t) Ounces Grade (g/t) 0.0 6,560,000 22,649,000 839,000 3.71% 266,000
Slide 10: Extended history of metallurgical success
Extended history of metallurgical success Consistent concentrate grades and recoveries despite change in feed1 For personal use only 60 100 ▪ Proven metallurgical process flowsheet at 50 90 80 Metal recovery (%) operational scale to handle variable ore Concentrate grades (%) 40 70 feed 60 30 50 ▪ Mi
Slide 11: Orion's metallurgical test work confirming expectations
Orion’s metallurgical test work confirming expectations For personal use only Summary of Recent Metallurgical Test Work Results Total Recovered to Test Head Grade Combined Tails Concentrate Test Description Cu Mass Zn Rec. Mass Cu (%) Zn(%) Rec. Cu (%) Zn(%) (%) (%) (%) (%) Cu Rich Deeps Rougher 2.4
Slide 12: Significant infrastructure footprint
Significant infrastructure footprint For personal use only ▪ Sealed access roads to project site ▪ 48km via bitumen road to existing rail siding ▪ 75MW operational solar power plant – 4 HV regional lines linked to national electricity grid ▪ 800km rail link to major, bulk commodity and deep water po
Slide 13: Detailed shaft inspection completed
Detailed shaft inspection completed For personal use only Most Shaft Steelwork Structurally Sound refer ASX release 2 February 2018 13
Slide 14: Generating significant momentum on the ground
Generating significant momentum on the ground For personal use only ▪ Orion Board approval to commence BFS in July 2017 with target completion in Q4 2018 – +105 Target, maiden JORC compliant Mineral Resource completed – Deep Sulphide Resource upgrade targeted Q2 2018 ▪ In parallel to BFS, Orion will
Slide 15: Systematic and low risk path to advancing Prieska
Systematic and low risk path to advancing Prieska Prieska target mineralisation and existing mine infrastructure For personal use only ▪ BFS scheduled for completion by Q4 2018 ─ DRA appointed as lead BFS consultants ▪ Key BFS technical project parameters include ─ Construction of 1.2mtpa throughput
Slide 16: Deep Sulphide Target drilling to continue
Deep Sulphide Target drilling to continue Long section with current drilling and historical development For personal use only refer ASX release 1 February 2018. 5 Drilling rigs remain active on surface ▪ Dual focused drilling program – Continue with infill drilling to achieve drill density for resou
Slide 17: Mine planning for BFS progressing well
Mine planning for BFS progressing well Digital mine model completed from historic For personal use only survey & geology plans Drilling has confirmed accuracy and confidence in historic data Long hole open stopes in steep ore Cut and Fill Mining I shallow dipping ore refer ASX release 9 October 2017
Slide 18: Active CSR - developing social and labour plan
Active CSR - developing social and labour plan ▪ Orion is a catalyst for socio-economic development. For personal use only We strive for : * Sustainability * Focus * Entrepreneurship *Impact • Community Liaison office opened in Prieska • MoU signed with Siyathemba Municipality to cooperate with Orio
Slide 19: The regional potential of the Northern Cape district
The regional potential of the Northern Cape district ▪ Established mining region without the social For personal use only challenges common in the South African gold, coal and platinum mining regions ─ Supportive and engaged local stakeholders ▪ Presence of leading global mining houses and Southern
Slide 20: Areachap - a highly prospective base metals belt
Areachap - a highly prospective base metals belt Three superimposed geological events produce ▪ The Areachap terrain is within a tectonic/mobile belt on For personal use only exceptional exploration potential western margin of Kaapvaal Craton and has subsequently been intensely altered & tectonised
Slide 21: VMS exploration strategy
VMS exploration strategy ▪ The Prieska Zn-Cu deposit is of exceptional scale – it’s ranked as a “giant” For personal use only ▪ VMS’s tend to form in clusters or camps ▪ To form exhalative deposit of this quality requires a long quiescent period in a marine, volcanogenic environment. ▪ This quiescen
Slide 22: Increasing intensity on regional exploration
Increasing intensity on regional exploration 962km2 SkyTEM survey completed January 2018 For personal use only refer ASX release 1 February 2018 22
Slide 23: High Priority VMS targets
19 High Priority VMS targets Follow up on SkyTEM helicopter electromagnetic survey underway For personal use only 19 High Priority Targets refer ASX release 1 February 2018 23
Slide 24: Areachap Project – Namaqua-Disawell
Areachap Project – Namaqua-Disawell • Interaction of mafic intrusives and VHMS horizon adjacent to Masiqhame PR. For personal use only (1) Refer ASX Release 14 July 2016 Fraser Range analogue • Most significant is the Jacomynspan Deposit: (1) • SAMREC resource 78Mt at 0.26% Ni + 0.18% Cu • Significa
Slide 25: Australia – continued valuable Fraser Range exposure
Australia – continued valuable Fraser Range exposure ▪ ORN’s 3 830 km2 Fraser Range Project in JV For personal use only with Independence Group (IGO) ▪ ORN’s 10-30% equity in tenements free carried to Pre-Feasibility Study ▪ ORN tenements have drilled, confirmed sulphide nickel- copper bearing mafic
Slide 26: Zinc: Raw materials constraints to drive sustained period of high prices
Zinc: Raw materials constraints to drive sustained period of high prices Significant global stock drawdown in 2017 For personal use only ▪ Supply discipline maintained in 2017 post major mine closures at Century and Lisheen – Comments from Glencore indicate a sustained period of higher prices is req
Slide 27: Copper: Growing demand with supply challenges
Copper: Growing demand with supply challenges Strong fundamental driven outlook For personal use only ▪ Mine supply will continue to face pressures in 2018 – ~32% of global copper mines see labour contracts expire in 2018 ▪ Large supply projects carry technical and/or geo-political challenges in eme
Slide 28: Orion Minerals Ltd contact information
Orion Minerals Ltd contact information: For personal use only Phone: +61 (0)3 8080 7170 Email: info@orionminerals.com.au Website: www.orionminerals.com.au The information in this report that relates to Exploration Results at the Areachap Belt projects complies with the JORC Code and is based on info
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