Orion Minerals Limited · ASX:ORN
Orion Minerals — RRS Conference Gold Coast (June 2019)
14 slides from Orion Minerals's conference presentation, Jun 4, 2019
Slide 1: Prieska Project – A Giant in Waiting
For personal use only ASX/JSE: ORN ASX/JSE: ORN Prieska Project – A Giant in Waiting Developing a 21st century South African zinc-copper mine PAGE Investor Presentation June 2019
Slide 2: Disclaimer
DISCLAIMER For personal use only This presentation contains summary information about Orion Minerals • may include, among other things, statements regarding bodies corporate and affiliates and their officers, employees, agents, Ltd and its subsidiaries (Orion or Company) and their activities and is
Slide 3: Orion Minerals: Key Investment Highlights
ORION MINERALS: KEY INVESTMENT HIGHLIGHTS For personal use only • Globally significant VMS Resource: 30.49 Mt at 3.7% Zn, 1.2% Cu 1 • Initial 10-year, 2.4Mtpa operation targeting 70-80ktpa Zn, 20-24ktpa Cu 2 • Scoping Study supports globally competitive costs, strong margins and financials • Bankabl
Slide 4: Corporate Structure
CORPORATE STRUCTURE Capital structure summary Current Post Capital Raising Shares on issue1 2,003M 2,003M For personal use only Options on issue2 208M 250M Primary listing on the ASX. Cash on hand3 $1.1M Secondary listing on Main Board of the Johannesburg Stock Exchange. Placement of Shares – Jun‘19
Slide 5: Reawakening a Global VMS Giant
PRIESKA: REAWAKENING A GLOBAL VMS GIANT For personal use only • World-class orebody – recorded as a Top 30 global VMS deposit • Located in Northern Cape Province, 270km south-west of regional capital, Kimberley • Established mining region, yet least populous region of South Africa Skorpion/ Rosh Pin
Slide 6: Developing a New Mine in the Footprint of an Old One
PRIESKA: DEVELOPING A NEW MINE IN THE FOOTPRINT OF AN OLD ONE For personal use only Extensive infrastructure already in place: • Primary shafts and underground decline roadways • Sealed access roads to project site • 48km via bitumen road to existing rail siding • Four high-voltage regional lines li
Slide 7: Mineral Resource
PRIESKA: MINERAL RESOURCE For personal use only Resource Classification Tonnes Zn Zn Cu Cu tonnes % tonnes % Indicated 18,507,000 667,000 3.6 217,000 1.17 Deep Sulphide Resource Inferred 10,219,000 417,000 4.1 117,000 1.1 Indicated 623,500 19,000 3.05 10,000 1.54 +105m Level Resource Inferred 1,138,
Slide 8: Strong Operating Margins
PRIESKA: STRONG OPERATING MARGINS For personal use only Net & Cumulative Cash Flows 2,400 10,000 Cumulative Cash Flow (ZARm) 2,000 Net Real Cash Flow (ZARm) 8,000 1,600 1,200 6,000 800 400 4,000 0 2,000 -400 -800 0 -1,200 -2,000 -1,600 -2,000 -4,000 Net Cash Flow After Tax Cumulative Cash Flow Scopi
Slide 9: Next Steps
PRIESKA: NEXT STEPS For personal use only • Bankable Feasibility Study (BFS) due end of Q2 2019 IN BRIEF • Final Investment Decision targeted in H2 2019 ✓ Well-understood world class ore body – one of the world’s top 30 volcanogenic massive sulphide • Commencement of construction in late 2019/early
Slide 10: Timeline to Development
PRIESKA: TIMELINE TO DEVELOPMENT For personal use only 1 2 3 Complete Prieska Project BFS Expand and upgrade Execute exploration program on highly Prieska Project resource prospective prospecting rights • Updated Deep Sulphide Resource and • In parallel to BFS, Orion progresses key • Mining Right an
Slide 11: A Dominant Land-Holding in an Under-Explored Belt
A DOMINANT LAND-HOLDING IN AN UNDER-EXPLORED BELT For personal use only • Highly prospective yet under-explored mineral province • 22 identified VMS occurrences historically confirmed by major mining houses • Reputed to have the highest concentration of zinc on the African continent1: • Large-scale
Slide 12: Pivotal BEE Transaction
PIVOTAL BEE TRANSACTION For personal use only Current BEE New BEE Entrepreneurs Orion Entrepreneurs Prieska Prieska Employee Community Trust Trust 100% 100% 100%1 Prieska Prieska Northern projects BEE HoldCo Employees Community (Prieska) Orion Exploration 1 (PR application pending) Trustco Trustco M
Slide 13: BEE and Fund Raising
BEE AND FUND RAISING For personal use only • $8.0M share placement announced in April 2019 at a 29% premium Achieving compliance with • Placement related to a major value-enhancing restructure of Black Economic Mining Charter III Empowerment (BEE) holdings at the Prieska Project level • Secured stro
Slide 14: For further information, contact
For personal use only For further information, contact: Orion Minerals Limited Phone: +61 (0)3 8080 7170 Email: info@orionminerals.com.au ASX/JSE: ORN Website: www.orionminerals.com.au PAGE
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