Orion Minerals Limited · ASX:ORN
Orion Minerals — Orion Gold NL — Investor Presentation (October 2012)
29 slides from Orion Minerals's investor presentation, Oct 25, 2012
Slide 1: Orion Gold NL
Orion Gold NL October 2012 For personal use only
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: Overview
For personal use only Overview
Slide 4: Orion Gold – Investment Highlights
Orion Gold – Investment Highlights For personal use only Restructuring of capital structure including conversion of convertible notes and reduction of shareholder loan by issue of equity and consolidation of shares ‐ provides clean structure for future growth Share placement planned with $4.5M t
Slide 5: Capital Raising and Re-structuring
Capital Raising and Re-structuring1 For personal use only Restructuring of capital structure including Conversion of convertible notes to shares Issue of shares up to $1.9M as reduction of loan from major shareholder Consolidation of share capital on 1 for 40 basis Capital raising of up to
Slide 6: Orion Gold – An Australian Gold Explorer
Orion Gold – An Australian Gold Explorer For personal use only New Queensland Project Application Approximately 2.5 hours drive on sealed roads
Slide 7: Victoria – World Class Gold Province
Victoria – World Class Gold Province For personal use only Victoria is a proven gold province Recorded Production ‐ 82 million ounces % of Australian Production ‐ 32% % of World Production ‐ 2% Walhalla – Woods Point Goldfield Continuous, predictable reef gold mineralisation style High fre
Slide 8: Walhalla – a strong foundation for continued success
Walhalla – a strong foundation for continued success For personal use only HIGHLY PROSPECTIVE REGION Walhalla – Woods Point Goldfield – significant regional, historical high grade gold production: ‐ +4 million ounces gold past production ‐ Average gold grade ~ 25 g/t ‐ Continuous reef style minerali
Slide 9: Objectives
Objectives For personal use only Test the new interpretation of Cohen’s Trend and add to existing resource base Redevelopment of Cohen’s Reef Historical production 1.4 million ounces 1.3 ounces/tonne average gold grade Delineation and development of substantial Walhalla proximal deposits, supple
Slide 10: New interpretation of Cohen's Trend
New interpretation of Cohen’s Trend Target Historical Exploration target 1 For personal use only (refer Appendix 2) Production2 Walhalla Au ozs Au ozs Regional Proximal Cohen’s Reef 1,400,000 500,000 ‐ 1,000,000+ (existing 120,000 oz resource – refer Appendix 1) Longfellows 50,000 50,000 ‐ 150,000+
Slide 11: Summary of Targets
For personal use only Summary of Targets
Slide 12: Priority Exploration Areas – Walhalla Proximal
Priority Exploration Areas – Walhalla Proximal For personal use only PROSPECT RATIONALE HISTORICAL EXPLORATION TARGET (1) (refer Appendix 2) PRODUCTION (2) Walhalla Proximal – 10km g/t Au Gold Ozs Cohen’s Reef 40 1,400,000 – Western Hill Add to near surface ‘stockwork’ 150,000 ‐ 250,000+ ozs Au mine
Slide 13: Priority Exploration Areas – Regional
Priority Exploration Areas – Regional For personal use only PROSPECT RATIONALE HISTORICAL EXPLORATION TARGET (1) (refer Appendix 2) PRODUCTION (2) Regional Targets g/t Au Gold Ounces New Dawn – Toombon 6.5 kms prospective strike length 39 50,000 250,000 ‐ 1,000,000+ ozs Au (Orion 85%) of Cohen’s Tre
Slide 14: Cohen's Reef – Zones for Follow up
Cohen’s Reef – Zones for Follow up For personal use only High potential to identify resources: Lomond Zone Empress Shoot ‐ open to the north Further structural interpretation suggests: Targets at depth Targets in nearby parallel structures Reassessment, targeting: Bulk shallow resour
Slide 15: Cohen's Project – Central Targets
Cohen’s Project – Central Targets For personal use only Initial target zone ‐ potential for increased resources 119,000 ozs Au Resources (1) Lomond’s Zone 1,000 m • Substantial upper level area (see above) • Potential for increased resources and improved development potential • Continuing program of
Slide 16: Regional - New Dawn – Toombon (Orion 85%)
Regional - New Dawn – Toombon (Orion 85%) For personal use only Rationale ‐ Multiple Targets Surface Samples Regionally, on newly up to 10 Au g/t interpreted favourable Cohen’s Trend Locally, similar detailed geological setting to Cohen’s Reef Positive surface sampling Multiple near surface
Slide 17: Regional: New Dawn – Toombon Fault Section
Regional: New Dawn – Toombon Fault Section Historical workings and recent surface samples highlight prospectivity of structural trend For personal use only Extensive Alluvial Gold Workings Shown inverted and at scale for comparison Longsection viewed to West
Slide 18: Walhalla Proximal - Tubal Cain
Walhalla Proximal - Tubal Cain For personal use only CROSS SECTION Rationale S N Increase size and confidence of resources Test high grade targets on contacts of dyke A1 and Morning Star geological analogue Program Plan Review geology and resources Plan targeted follow up drilling Explorat
Slide 19: Queensland Project
For personal use only Queensland Project
Slide 20: Queensland Epithermal Project
Queensland Epithermal Project For personal use only Central Eastern Queensland Location of New Project Application and other NEW PROJECT significant epithermal systems on eastern margin of Bowen Basin: • Cracow • Rannes • Hamilton Park/Waitara
Slide 21: Queensland Epithermal Project
Queensland Epithermal Project Recently applied for new tenement in Queensland For personal use only Located within geological and structural setting very similar to significant epithermal gold systems (Cracow, Mt. Carlton) 100m Target Deposit Style Example • Longsection : showing that early dril
Slide 22: Corporate
For personal use only Corporate
Slide 23: Experienced Team
Experienced Team For personal use only Denis Waddell ‐ Chairman of Orion Gold. Chartered Accountant. Extensive experience in the management of exploration and mining companies. Prior to establishing Tanami Gold NL in 1994, where he continues as Executive Director, was Finance Director of Metana Mi
Slide 24: Orion Gold – Investment Highlights
Orion Gold – Investment Highlights For personal use only Restructuring of capital structure including conversion of convertible notes and reduction of shareholder loan by issue of equity and consolidation of shares ‐ provides clean structure for future growth Share placement planned with $4.5M t
Slide 25: Appendix: Reported Gold Resources
Appendix 1 For personal use only Reported Gold Resources
Slide 26: Orion Gold – Mineral Resources
Orion Gold – Mineral Resources For personal use only Orion Gold NL – In situ Mineral Resources at 30 June 2012 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 27: Appendix: Exploration Targets
Appendix 2 For personal use only Exploration Targets
Slide 28: Orion Gold – Exploration Targets
Orion Gold – Exploration Targets For personal use only The exploration targets Orion seeks in the Walhalla – Woods Point Goldfield are of two principal styles as exemplified by many historical mines and records in the field. These can be described as : 1. Structurally Controlled: - typified by quart
Slide 29: Orion Gold – Exploration Targets
Orion Gold – Exploration Targets Exploration Targets – The potential quantity of gold ounces is conceptual in nature and is based upon the historical scale For personal use only and evidence available. The Exploration Target does not represent an actual gold resource. There has been insufficient dri