Orion Minerals Limited · ASX:ORN
Orion Minerals — Corporate Update (October 2016)
32 slides from Orion Minerals's corporate update, Oct 10, 2016
Slide 1: Advanced Stage South African Zn-Cu
Advanced Stage South African Zn-Cu • Fast tracking to feasibility study For personal use only • High Grade Zn & Cu drilled at PC Project – drilling continues ASX Code: ORN • Wide near-surface Au-Cu intersections at Marydale project • Excellent first Zn intersection at Kantienpan plus new EM target I
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 Gold NL (Orion) and its projects, are forward-looking statements. Such forward-looking statements: For personal use only •
Slide 3: Orion: Corporate Summary
Orion: Corporate Summary For personal use only Capital Structure Summary Shares on Issue (as at 5 October ’16) 484M Board & Management Options on Issue (as at 5 October ’16) 85.5M Denis Waddell Chairman Market Capitalisation (at 2.5cps) $12.1M CEO, Managing Errol Smart Cash on Hand (as at 30 June ’1
Slide 4: Areachap – Underexplored, world class mineral province
Areachap – Underexplored, world class mineral province • Despite numerous mineral occurrences being For personal use only discovered between 1970-1998, no major exploration for past 20 years. • Most discoveries remain open down dip and along strike. • Numerous surface occurrences not drill tested. •
Slide 5: Areachap South Africa - Three Superimposed Geological Events
Areachap South Africa - Three Superimposed Geological Events Produce An Exceptional Metals Province Gold and base metal deposits were deposited in an For personal use only active volcanogenic environment at 1.28 Ga. Prieska Cu-Zn deposit recoded as one of world’s 30 largest VMS deposits. Numerous ot
Slide 6: Understanding VMS Deposits
Understanding VMS Deposits For personal use only • Modern deposits still forming, help us understand them. • They form in clusters along fault lines. • Individual exhalative massive sulphide lenses are metal zoned. • Discovery of a system, then a lens are only the first steps. They then need to be t
Slide 7: Mafic Intrusive Ni-Cu-PGE - Conceptual Deposit Model
Mafic Intrusive Ni-Cu-PGE - Conceptual Deposit Model For personal use only Process to Discovery of Mafic Hosted Metal Deposits •Locate the mafic/ultramafic intrusive hosts – often below surface. •Determine if they are “fertile” • Ni-Cu sulphide content. • Cumulate textures. • Immiscible sulphide inj
Slide 8: Orion Provides Diversified Metals Exposure
Orion Provides Diversified Metals Exposure • African project portfolio provides exposure to: For personal use only • Advanced Zinc-Copper project with numerous known satellites on Orion optioned prospecting rights. • Gold-Copper, Nickel-Copper + PGE, REE + Lithium exploration upside. • South African
Slide 9: Areachap Project – Agama (PC + Marydale)
Areachap Project – Agama ( PC +Marydale ) Agama - Binding Option Term Sheet For personal use only • Orion has secured an option until 31 December 2016 to acquire 73.3% interest in a world class VMS Zinc, Copper project and a virgin epithermal Gold discovery. (1)(2) • Effective Option price: ZAR85.5
Slide 10: PC Exploration/Feasibility Study Project – Reviving a historic success
PC Exploration/ Feasibility Study Project Reviving a historic success For personal use only 1971-1991 the mine employed 4,000 people and milled 8,000tpd Produced >430,000tons Copper and > 1million tons Zinc Mine closed and site rehabilitated 1991 Returned R2.64 (US$1.16 at the time) per share in div
Slide 11: PC Now – Remote Desert Site with Exceptional Infrastructure
PC Now Remote Desert Site with Exceptional Infrastructure For personal use only 75MW Solar Power Plant Shaft Head-frame 4 separate regional HV lines link to national electricity grid. • Tarred road to project site. • 48km via bitumen road to existing rail siding. • 800km rail link to major, bulk com
Slide 12: PC – Schematic Section showing initial targets
PC – Schematic Section showing initial targets For personal use only Exploration Tonnage Cu% Zn% Target Oxidized Ore 1-6m limestone + 105 3.0 - 4.5 NOT MINED + 105 Target 1.0 - 1.6% 1.3 – 2.0% (Open Pit) million tonnes Bencroft Shaft cap Deep 7.0 - 11.0 1.2 – 1.8% 3.9 - 5.9% Sulphide million tonnes
Slide 13: +105 Open Pit Target – High Grade Intersections Drilled
+105 Open Pit Target – High Grade Intersections Drilled Schematic – Interpreted Section Drilled Section For personal use only • Initial assays received exceeded expectations on copper and zinc grades including: • 22m at 10.8% Zn, 1.38% Cu and 0.3g/t Au from 57m incl. 7m at 17.8% Zn and 1.41% Cu (OCO
Slide 14: +105 Level Open Pit Target
+105 Level Open Pit Target For personal use only Refer ASX Release 14 September 2016 14
Slide 15: PC Deep Sulphide Target
PC Deep Sulphide Target Permitting underway to re-access For personal use only • 8.8m diameter concrete lined vertical shaft to 1,024m. • 3 separate ramp declines (6.5 x 3.8m) reach deepest ore at 1,140m. • Primary mine development in place to reach deep sulphide mineralisation together with extensi
Slide 16: Agama - Marydale Prospect
Agama - Marydale Prospect History For personal use only • First prospected by Anglo American Prospecting Services (Anglo) for Copperton style base metal mineralisation during the period 1975 to 1982. • Anglo was searching for VMS Cu but the grade of mineralisation is lower than Prieska Copper - drop
Slide 17: Orion's Marydale Phase Drilling
Orion’s Marydale Phase 1 Drilling Structurally Oriented Core Across Mineralisation to Determine Morphology For personal use only • Orion has intersected wide zones of high sulphide mineralisation e.g. 64m at 1.55g/t gold (1) with several higher grade zones • Structural readings indicate tightly fold
Slide 18: Marydale High Sulphide Ore – Amenable to IP or EM
Marydale High Sulphide Ore – Amenable to IP or EM IP survey in progress, covering entire area of interest (5km2) For personal use only • Historic drilling did not test highest IP responses. • Low grade Au, Cu & Zn values were intersected at lower IP response. • Modern IP & EM considered to be key to
Slide 19: Marydale – First Results from IP Survey
Marydale – First Results from IP Survey For personal use only Shallow IP Anomalies Deep Chargeability Features 60m below surface 300m below surface Refer ASX Release 5 October 2016 19
Slide 20: Marydale – First Results from IP Survey
Marydale – First Results from IP Survey For personal use only Shallow IP Anomalies • IP survey shows clear IP anomalies: • Near-surface high chargeability anomalies. • Deeper, high chargeability bodies with concurrent high resistivity features. • Deep bodies will be refined by ongoing 3D survey. Ref
Slide 21: Areachap Project - Masiqhame
Areachap Project - Masiqhame Masiqhame - Binding Option Term Sheet For personal use only •Orion has exercised its option to acquire initial 50% interest, binding agreement to increase interest to 73%. •Initial investment of ZAR1.5 million (A$135,000) to achieve 50% interest. Funds used for initial e
Slide 22: Areachap Project - Masiqhame
Areachap Project - Masiqhame • Numerous occurrences of Zn – Cu. For personal use only • Most only drill tested to < 250m. • Most significant is the Kantienpan Deposit. • Significant Cu and Zn mineralisation are recorded at other occurrences providing focus for further exploration: • Boksputs Prospec
Slide 23: First drilling at Kantienpan intersects high grade Zn
First drilling at Kantienpan intersects high grade Zn For personal use only • OKNR014 intersects 7m at 6.44% Zn + 0.43% Cu • Mineralisation open along strike & down dip • 14 historical diamond core holes for 3,199 metres • 8.84m at 6.32% Zn + 1.02% Cu; • 6.15m at 4.74% Zn + 0.49% Cu; • 7m at 3.15% Z
Slide 24: High powered EM survey discovers new targets
High powered EM survey discovers new targets SE View For personal use only Refer ASX Release 31 May 2016 New EM Conductor “KN1” • New KN1 conductor detected due to higher power of current vs historical survey. • Conductance 3 – 4 x previously drilled conductor. 24 Refer ASX Release 4 October 2016
Slide 25: Areachap Project – Namaqua Nickel / Disawell
Areachap Project – Namaqua Nickel / Disawell Namaqua / Disawell – Binding Earn In Term Sheet Signed For personal use only •Orion has secured a right until 9 January 2017 to commence initial earn in to 25% of both Namaqua and Disawell via a South African Special Purpose Vehicle (to be formed). •Orion
Slide 26: 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 27: Substantial landholding in the Fraser Range, Australia
Substantial landholding in the Fraser Range, Australia • Orion’s track record of Ni exploration in the For personal use only generates valuable expertise to apply to Jacomynspan and the Areachap Belt. • Orion maintains a substantial (3,830km2) holding in the Fraser Range, location of the most signif
Slide 28: Recent results of geophysics surveys
Recent results of geophysics surveys For personal use only Refer ASX Release 6 October 2016 28
Slide 29: Connors Arc Epithermal Au-Ag Project
Connors Arc Epithermal Au-Ag Project • Connors-Auburn Magmatic Arc hosts For personal use only the Cracow and Mt Carlton Deposits (ASX:EVN). • ORN’s landholding is approximately 3,500km2 of granted, contiguous tenements. • Allows for district scale targeting of Magmatic Arc Mineralisation. • Tenure
Slide 30: Connors Arc Epithermal Au-Ag Project Mile Creek Killarney
Connors Arc Epithermal Au-Ag Project 6 Mile Creek Killarney • 1.6km of epithermal veining For personal use only • ~ 700m of outcropping • Significant gold+silver results epithermal breccia & vein in historical rock chips • Historical drilling returned • Gold mineralisation returned results including
Slide 31: Competent Persons Statement
Competent Persons Statement • The information in this report that relates to Exploration Targets at the Prieska Zinc Copper project complies with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) and is based on information
Slide 32: Orion Gold NL contact information
Orion Gold NL contact information: For personal use only Phone: +61 8 9485 2685 Email: info@oriongold.com.au Website: www.oriongold.com.au 32