Orion Minerals Limited · ASX:ORN
Orion Minerals — Orion Gold NL — RRS Terrace Briefing (November 2013)
29 slides from Orion Minerals's conference presentation, Nov 25, 2013
Slide 1: Putting the first targets to the test
Putting the first targets to the test For personal use only ASX Code: ORN • Fraser Range: Drill rigs mobilising • Drilling imminent in Victoria targetting Cu-Ni-PGE • Epithermal gold targets in Queensland: drilling early 2014 RRS Terrace Briefing, 25th November 2013 Bill Oliver, COO 1
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: Key Assets: Gold and Polymetals
Key Assets: Gold and Polymetals For personal use only • Fraser Range Gold-Nickel-PGE 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 Project – world-class gold field in Victoria
Slide 4: Fraser Range: The Right Neighbourhood
Fraser Range: The Right Neighbourhood For personal use only • Strategic holding located between two of the most significant Australian discoveries of the past decade: • Nova-Bollinger (Ni-Cu) – Sirius Resources • Tropicana (Au) – AngloGold Ashanti / Independence Group • Currently one of the world’s
Slide 5: Regional Setting – Aeromagnetics & Gravity
Regional Setting – Aeromagnetics & Gravity Tenement package is For personal use only located within the Albany- Fraser Mobile Belt. Tropicana Tropicana Nova Nova 5
Slide 6: Peninsula – Recent Work
Peninsula – Recent Work For personal use only Interpreted Medusa Intrusion Interpreted Peninsula Intrusion PEN_HA2 PEN_HA3 PEN_HA1 N CE Prospect 5km 6
Slide 7: EM Results from Peninsula
EM Results from Peninsula • Two robust bedrock conductors associated with For personal use only magnetic anomalies have been identified by airborne & ground EM • HA1 lies adjacent to prominent magnetic anomaly modelled to be mafic body • CE Prospect lies within “eye” feature • Next step: drill testi
Slide 8: Peninsula – Current Work: Geology
Peninsula – Current Work: Geology For personal use only 8
Slide 9: Peninsula – Current Work: Geology
Peninsula – Current Work: Geology For personal use only Interpreted Peninsula Intrusion Felsic PEN_HA3 PEN_HA1 Mafic N 5km 9
Slide 10: HA2 – Peninsula Intrusion: Anomalous Ni, Cu, Co & S
HA2 – Peninsula Intrusion Anomalous Ni, Cu, Co & S For personal use only • Lithologies intersected in drilling by include mafic granulite and gabbronorite. • Anomalous Ni – Cu – Co – PGE - S assays were returned but no deep test of the intrusive body carried out. • A significant amount of the intrus
Slide 11: HA2 – Peninsula Intrusion
HA2 – Peninsula Intrusion • Orion has carried out airborne and ground EM surveys across the intrusion as well as For personal use only reprocessing historical aeromagnetic and gravity data • Aim is to find where the anomalism seen in drilling might be enriched to economic concentrations • A number o
Slide 12: Peninsula – Current Work
Peninsula – Current Work For personal use only Interpreted Medusa Interpreted Intrusion Peninsula Intrusion Magnetic “Eye” Feature PEN_HA2 PEN_HA3 PEN_HA1 CE Prospect N 5km 12
Slide 13: Peninsula – Current Work: Gravity Survey
Peninsula – Current Work: Gravity Survey For personal use only Interpreted Medusa Intrusion Interpreted Peninsula Intrusion PEN_HA2 PEN_HA2 13
Slide 14: Peninsula – Current Work
Peninsula – Current Work For personal use only Interpreted Medusa Interpreted Intrusion Peninsula Intrusion Magnetic “Eye” Feature PEN_HA2 PEN_HA3 PEN_HA1 CE Prospect N 5km 14
Slide 15: VTEMsupermax – a first in Australia
VTEMsupermax – a first in Australia For personal use only • Orion’s survey will be the first time VTEMsupermax has been used in Australia • Approximately 4 x power VTEMmax • Significantly higher signal:noise ratio • Results in higher resolution as well as greater depth penetration, also more effecti
Slide 16: Key Assets: Gold and PGE rich Ni-Polymetals
Key Assets: Gold and PGE rich Ni-Polymetals For personal use only • Fraser Range Gold-Nickel-PGE 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 Project – world-class gold field
Slide 17: Walhalla Project, Victoria
Walhalla Project, Victoria For personal use only Walhalla-Woods Point Goldfield – significant regional, historical high-grade gold production - +4Moz @ >25g/t past production - Continuous reef-style mineralisation - 75km prospective strike length - Existing total Indicated and Inferred Resource 440,
Slide 18: Walhalla: A Model for Gold and Polymetallics
Walhalla: A Model for Gold and Polymetallics Co-genetic model for Au + Polymetallics For personal use only Modified after Jowitt, Keays, Jackson, Hoggart, Green : Journal Econ Geol. 2012 18
Slide 19: 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 Creek 299oz Pd 3.7 g/t Pd Su
Slide 20: Walhalla Polymetals: Coopers Creek
Walhalla Polymetals: Coopers Creek For personal use only CC002 Note small Drills across surface dyke bulge, expression of but above high grade keel zone. mineralisation DH81_ML001 Intersects thin dyke, below and to south of Large bulge bulge keel with anomalous , low grade mineralisation CC003 36m @
Slide 21: Walhalla Polymetals Project: Metal equivalent grade calculations
Orion Gold – Walhalla Polymetals Project Metal equivalent grade calculations for drill hole CC003 (Coopers Creek) For personal use only 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 22: Key Assets: Gold and Polymetals
Key Assets: Gold and Polymetals For personal use only • Fraser Range Gold-Nickel-PGE 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 Project – world-class gold field in Vic
Slide 23: 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 24: 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 AFRC002 PDH512 • 4m @ 0.17g/t Au, 20ppm Ag • 6m @ 0.3g/t Au,
Slide 25: People: A Highly Experienced Team
People: A 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
Slide 26: Orion: Corporate Summary
Orion: Corporate Summary • Orion has been recapitalised (over $7M raised in 2013) and repositioned: For personal use only • 2 major acquisitions in Western Australia’s Fraser Range Province • Pegged licences covering significant epithermal project in Queensland Capital Structure Summary (1) Shares o
Slide 27: Summary: Reasons to Invest in Orion
Summary: Reasons to Invest in Orion For personal use only • Well-funded explorer with quality projects in proven mineral provinces • Highly experienced team • Aggressive exploration program in the midst of the Tropicana-Nova region • Drilling commencing – strong news flow • New approach to explorati
Slide 28: 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 29: Competent Persons Statement
Competent Persons Statement The information in this report that relates to Exploration Results at the Fraser Range Projects complies with the2004 Edition of the For personal use only Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“JORC Code”) and is based