Orion Minerals Limited · ASX:ORN
Orion Minerals — Orion Gold NL — Shareholder Meeting (November 2011)
37 slides from Orion Minerals's shareholder meeting presentation, Nov 24, 2011
Slide 1: Annual General Meeting
Annual General Meeting For personal use only 24 November 2011
Slide 2: Disclaimer & Competent Person's Statement
Disclaimer & Competent Person’s Statement 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.
Slide 3: Project Locality
For personal use only Project Locality
Slide 4: Introduction
Introduction Focused on Walhalla Gold Project - a goldfield with significant high grade historical For personal use only production of over 4 million ounces Geology and geometry of historical deposits enabled straight forward mining methods Highly prospective tenement package: 75 kilometres
Slide 5: Walhalla History
Walhalla History The Cohen’s reef system (mined late 1800s to For personal use only early 1900s) has Victoria’s highest production from a single shoot at ~1.5 million ounces at a head grade around 40 Au g/t After approximately 40 years of mining many basic features of the system remained unknown
Slide 6: Tenement Holdings
Tenement Holdings Approx 660 square kilometres For personal use only Gold production in the region of over 4 million ounces 420 historic workings - indicate the location of mineralisation and outline the mineralised ‘trends’ Minimal modern day exploration Recent selective ground acquisitio
Slide 7: Current Drill Program – New Dawn (ORN 85%)
Current Drill Program – New Dawn (ORN 85%) For personal use only Located on the recently reinterpreted Cohen’s trend Historic workings are interpreted to be situated in the same stratigraphy and structural setting as the main Cohen’s Reef Area has been subject to very little modern exploration
Slide 8: Current Drill Program – New Dawn (ORN 85%)
Current Drill Program – New Dawn (ORN 85%) Drill holes planned are For personal use only designed to test: across the prospective stratigraphy and for a series of parallel reefs for potentially southerly plunging intersection lodes (‘shoots’) First drill hole intersected several structures w
Slide 9: Priority Exploration Areas - Walhalla
Priority Exploration Areas - Walhalla Cohen’s structural model For personal use only defines pattern of mineralisation The new structural model highlights prospective areas at Walhalla and regionally Important controls on mineralisation identified at intersections of N-S regional trends and cr
Slide 10: Walhalla Gold Project
Walhalla Gold Project For personal use only
Slide 11: Cohen's Reef - New Structural Understanding
Cohen’s Reef - New Structural Understanding For personal use only S N SPLAY FAULT Lomond Zone 1,000 m Steeply plunging shoot at conjunction of faults CROSSCUTTING TERMINATING STRUCTURE
Slide 12: Cohen's Reef - New Structural Understanding
Cohen’s Reef - New Structural Understanding Re-assess Cohen’s For personal use only Reef, with new detailed 3D structural model in progress targeting Bulk shallow resources High grade Cohen’s style shoots Wealth of information available for new modelling: Historical Level Plans Grade and
Slide 13: Cohen's Reef - New Structural Understanding
Cohen’s Reef - New Structural Understanding For personal use only Opportunities arising from new structural model Extensions to “Stockwork mineralisation” interpreted as part of the Lomond Zone Lomond’s Zone – reassessment within new structural framework Empress shoot remains open to the nor
Slide 14: Cohen's Project - Lomond's Zone
Cohen’s Project - Lomond’s Zone For personal use only Previous production on Cohen’s line of reef suggests an excellent exploration opportunity with outstanding targets “Stockwork” Resource Recent structural 678,000 tonnes @ 5.5 Au g/t containing 119,000 ounces of reinterpretations gold (refer t
Slide 15: Priority Exploration Areas - Walhalla
Priority Exploration Areas - Walhalla Cohen’s structural model For personal use only defines pattern of mineralisation The new structural model highlights prospective areas at Walhalla and regionally Important controls on mineralisation identified at intersections of N-S regional trends and cr
Slide 16: Longfellow's Priority Target
Longfellow’s Priority Target Significant historic For personal use only high grade production of 10,044 ounces at 28.4 Au g/t B Intersection between north Target Zone south regional Underground Sampling (1) trend and cross structure Shallow 200m @ 4.95 Au g/t accessible priority target Target
Slide 17: Longfellow's Priority Target
Longfellow’s Priority Target For personal use only Historical Production: 10,968 tonnes at 28.4 Au g/t 10,044 ounces of gold High grade past production Shallow accessible priority target
Slide 18: Priority Exploration Areas - Walhalla
Priority Exploration Areas - Walhalla Cohen’s structural model For personal use only defines pattern of mineralisation The new structural model highlights prospective areas at Walhalla and regionally Important controls on mineralisation identified at intersections of N-S regional trends and cr
Slide 19: Happy Go Lucky Target
Happy Go Lucky Target For personal use only INCREASING MINERALISATION AND GRADE TRENDS Historically, 90,000 ounces of gold recovered Largely unexploited by previous mining Drilling intersected pyrite-gold system Multiple reef system, open in most directions associated with major structure
Slide 20: Regional Exploration
Regional Exploration New structural interpretation: For personal use only Combined structural understanding at Cohen’s and Victor’s Quartz: development of regional historically framework upgrades prospectivity: 33k oz at New Dawn – Toombon 15.3 Au g/t Luck’s All Victor’s Quartz Holy Terr
Slide 21: Regional Exploration – Cohen's Trend
Regional Exploration – Cohen’s Trend Major + 50koz gold producers For personal use only on central Cohen’s Line 7 of 9 + 50k oz producers on this trend Gold production from mines on this trend totals 4 million ounces Victor’s Quartz Production clearly defines the most prospective trend – ten
Slide 22: Regional Exploration
Regional Exploration New structural interpretation: For personal use only Combined structural understanding at Cohen’s and development of regional framework upgrades prospectivity: New Dawn – Toombon Luck’s All Victor’s Quartz Holy Terror Sir John Franklin Walhalla / Woods Point Gold
Slide 23: Luck's All – Dyke Bulge
Luck’s All – Dyke Bulge For personal use only SECTION MN High grade past production Shallow accessible priority target
Slide 24: Tubal Cain – Eureka Deposits
Tubal Cain – Eureka Deposits For personal use only Belt of dyke-hosted ladder reef style deposits Historical production: Tubal Cain 30,000 ounces of gold at 1 ounce per tonne Eureka 3,000 ounces of gold at 16 Au g/t Resources previously outlined at Tubal Cain and Eureka
Slide 25: Tubal Cain
Tubal Cain For personal use only (refer to mineral resource table slide) Completed evaluation of development options based on a review of the resources and mining economics at Tubal Cain. Potential supplementary ore source should other gold resources underpin future mining operations within the
Slide 26: Corporate
Corporate Board: For personal use only Capital Structure Denis Waddell (Executive Chairman) Graeme Sloan (Non-Executive Director) 765 million fully paid ordinary shares Chris Roberts (Non-Executive Director & 85 million options exercisable $0.01 Consulting Geologist) 15 million options exercis
Slide 27: Walhalla – A Staged Exploration Approach
Walhalla – A Staged Exploration Approach Progress: For personal use only Structural review of Cohen’s Reef deposit following 6,500 metre diamond drill program in 2010 provides new model and insights into controls on mineralisation, locally and regionally Newly interpreted regional Cohen’s tren
Slide 28: Orion Gold - Path Forward
Orion Gold - Path Forward For personal use only Short Term Exploration Aims: Drill test a number of north – south mineralised trends at intersections with major crosscutting structures Test regional drill targets in prospective areas Drill test Cohen’s Reef, with new detailed 3D structural m
Slide 29: Questions
For personal use only Questions
Slide 30: Orion Gold – Mineral Resources
Orion Gold – Mineral Resources For personal use only Orion Gold NL – In situ Mineral Resources at 30 June 2010 Measured Indicated Inferred Total Deposit Cut-off Ounces Au g/t Tonnes Au g/t Tonnes Au g/t Tonnes Au g/t Tonnes Au g/t Au Tubal Cain 4 --- --- 177,000 7.7 680,000 10.5 857,000 9.9 273,400
Slide 31: Cohen's Project – Changing Structural Setting
Cohen’s Project – Changing Structural Setting For personal use only SOUTH MID NORTH
Slide 32: Cohen's Project - Previous Drilling Distribution
Cohen’s Project - Previous Drilling Distribution For personal use only N LOMOND’S ZONE Pronounced swing to NNW at north Past drilling sparse in much of the deposit STOCKWORK ZONE
Slide 33: Cohen's Project - Previous Drilling Distribution
Cohen’s Project - Previous Drilling Distribution For personal use only Recent structural interpretation Major NW crosscutting structure at north end
Slide 34: Cohen's Project - Lomond's Zone
Cohen’s Project - Lomond’s Zone For personal use only Previous drilling non-optimal directions New understanding with new drilling directions To improve success rate and definition of mineralisation
Slide 35: Cohen's Project - Previous Drilling Distribution
Cohen’s Project - Previous Drilling Distribution For personal use only S N LOMOND’S ZONE STOCKWORK ZONE HISTORICAL MINING STOPE OUTLINES
Slide 36: Cohen's Project - Previous Drilling Distribution
Cohen’s Project - Previous Drilling Distribution For personal use only LOMOND’S ZONE CENTRAL ZONE STOCKWORK ZONE
Slide 37: Cohen's Project – Central Targets
Cohen’s Project – Central Targets For personal use only Stockwork Zone Lomond’s Zone Historical Mining • Substantial upper level area of potential for increased resources • Continuing programme for study of deeper, high grade shoots