Orion Minerals Limited · ASX:ORN
Orion Minerals — Orion Gold NL — Resources Rising Stars Conference (September 2014)
30 slides from Orion Minerals's conference presentation, Sep 30, 2014
Slide 1: A two-pronged campaign targeting world-class discoveries in nickel and gold
For personal use only ASX Code: ORN A two-pronged campaign targeting world-class discoveries in nickel and gold • Fraser Range Nickel-Copper, WA: exploration delivering encouraging results • Connors Arc, Qld: substantial new epithermal gold-silver target identified Resources Rising Stars Conference
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 For personal use only performance of Orion Gold NL and its projects, are forward-looking statements. Such forward-looking statements: • are nec
Slide 3: Key Achievements in the last 24 months
Key Achievements in the last 24 months • Two Major Acquisitions in the Fraser Range, WA For personal use only • Existing data compiled and re-processed • Completed airborne and ground geophysical surveys • Executed 2 phases of drilling – confirming sulphide Ni-Cu present • New Queensland project ide
Slide 4: Quality Projects
Quality Projects Fraser Range Nickel-Copper & Gold Connors Arc Epithermal Gold Project Project in Western Australia in Queensland For personal use only • Substantial (>5,000 sq.km) landholding in • Underexplored landholding between Cracow and the emerging Fraser Range Belt Mt Carlton recently in
Slide 5: In the Right Neighbourhood
In the Right Neighbourhood • Substantial land holding in the Albany-Fraser Belt between two For personal use only of the most significant Australian exploration discoveries of the past decade: • Nova-Bollinger (Ni-Cu-Co) – Sirius Resources • Tropicana (Au) – AngloGold Ashanti / Independence Group •
Slide 6: In the Right Neighbourhood
In the Right Neighbourhood Aeromagnetics Gravity (regional) For personal use only Tropicana Tropicana Nova Nova 6
Slide 7: Conceptual Deposit Model – cross section
For personal use only Conceptual Deposit Model – cross section 7
Slide 8: Conceptual Deposit Model – Nova analogue
For personal use only Conceptual Deposit Model – Nova analogue Image sourced from ASX Announcement by Sirius Resources NL on 18 June 2013. Image sourced from ASX Announcement by Sirius Resources NL on 18 June 2013. 8
Slide 9: Putting the ingredients together - key indicators
Putting the ingredients together - key indicators Geophysics Geology Geochemistry For personal use only Associated Anomalous Fertile Mag EM IP Gravity Mafic Sulphides Mineralogy Cu, Co, S, Ni PGE whole rock HA2 Pennor * * Medusa * * * * * * * HA1
Slide 10: Key targets
For personal use only Key targets 10
Slide 11: HA2 Technical Review
HA2 Technical Review • 2014 drilling defined substantial lengths of Ni-Cu Hole From To Length Ni (%) Cu (%) Co (%) OPRC008 44 124 80 0.11 0.05 0.01 mineralisation in eastern part of intrusion For personal use only Including 52 64 12 0.22 0.11 0.02 • Technical review including geochemical and OPRC009
Slide 12: HA2 Technical Review - magmatic sulphides in drilling
HA2 Technical Review - magmatic sulphides in drilling • Petrographic studies by respected specialist Dr Tony For personal use only Crawford confirmed presence of magmatic sulphides For further detail, including information required under the 2012 JORC in Peninsula drilling Code, please refer to ASX
Slide 13: HA2 Technical Review – geochemical data
HA2 Technical Review – geochemical data • Geochemical studies by respected specialist Prof. Reid Keays. For personal use only • Anomalous Ni-Cu, associated with sulphur (ie contained in sulphides) • Crustal contamination of magma (trigger for sulphur saturation & formation of sulphides) • Both lobes
Slide 14: Drilling successfully intersects mafic intrusion at Pennor
Drilling successfully intersects mafic intrusion at Pennor • Aircore/RC drilling has confirmed mafic- ultramafic intrusives at Pennor. For personal use only • Magnetic “low” similar to Peninsula, where Orion intersected substantial lengths of Ni-Cu mineralisation, but much larger (4.5sq km vs HA2 2.
Slide 15: Drilling successfully intersects mafic intrusion at Pennor
Drilling successfully intersects mafic intrusion at Pennor PLAR147 PLAR204 For personal use only 1cm 1cm PLAR146 PLAR150 1cm 1cm 15
Slide 16: Assays define substantial geochemical anomaly
Assays define substantial geochemical anomaly • Assay results define coherent nickel For personal use only anomalies over an extensive area within the Pennor mafic intrusion. • 1.8km2 area with results >500ppm Ni • Nickel tenor is significantly higher than the equivalent program at Peninsula-HA2. •
Slide 17: Size of the target – looking for Nova within Pennor
Size of the target – looking for Nova within Pennor • Total area of mafic For personal use only rocks within Peninsula Intrusion covers 7.3km2 (Pennor = 4.5km2, HA2 = 2.8km2). • The Eye covers 4.5km2 • Nova Deposit covers 0.8km2 • Area of interest at Pennor covers 1.8km2 • Exploration activities to
Slide 18: Putting the ingredients together - key indicators
Putting the ingredients together - key indicators Geophysics Geology Geochemistry For personal use only Associated Anomalous Fertile Mag EM IP Gravity Mafic Sulphides Mineralogy Cu, Co, S, Ni PGE whole rock HA2 Pennor * * Medusa * * * * * * * HA1
Slide 19: Connors Arc Epithermal Project
Connors Arc Epithermal Project 100 km • Orion’s Connors Arc Project area is located between two active mining operations at For personal use only +1Moz gold deposits: • Cracow (LS epithermal) – 3.4Mt @ 6.6g/t Au for 724koz Au 1 (remaining resource), ca. 2Moz Au prior production FY14 production of 95
Slide 20: Epithermal Veins mapped on Aurora Flats
For personal use only Epithermal Veins mapped on Aurora Flats • Aurora Flats outcrops on grassland among low hills • Project area accessed by paved roads, • Historic, shallow drilling returned Au-Ag-Pb-Zn-Mn anomalism characteristic of high level of intermediate sulphidation (“IS”) epithermal system
Slide 21: Aurora Flats Vein Textures Diagnostic of High Level IS
For personal use only Aurora Flats Vein Textures Diagnostic of High Level IS Banded Veining Crustiform, colloform quartz with bluish chalcedony Tel IS • Epithermal textures of quartz veins seen in outcrop are diagnostic of high level in the system • These textures combined with anomalous Mn-Zn-Pb an
Slide 22: Classification of Epithermal Systems
Classification of Epithermal Systems MAGMATIC MAGMATIC-METEORIC METEORIC For personal use only 1 1 1 2 2 2 3 3 3 4 4 4 km km km ? Textures restricted Textures: diverse- spectacular Textures diverse,- modest HIGH SULFIDATION INTERMEDIATE SULFIDATION LOW SULFIDATION Au-Ag-Cu Au-Ag or Ag-Au Au-Ag After
Slide 23: Global Intermediate Sulphidation Au:Ag Deposits
For personal use only Global Intermediate Sulphidation Au:Ag Deposits Total Au and Ag in Low and Intermediate Sulphidation Epithermal Deposits (n=58) LS LS (alkalic) IS Gemmel 2004 Au Ag 23
Slide 24: Epithermal Deposits Globally Important Au:Ag producers
For personal use only Epithermal Deposits Globally Important Au:Ag producers 24
Slide 25: Building a significant landholding in the Connors Arc
Building a significant landholding in the Connors Arc • New applications take project area over For personal use only 2,000sq km • Adds several new prospects with known epithermal potential but limited modern work • Several historical gold-copper workings and gossans also recorded within the area •
Slide 26: Orion: Corporate Summary (pre raising)
Orion: Corporate Summary (pre raising) Capital Structure Summary For personal use only Board & Management Shares on Issue 244M Denis Waddell Chairman Options on Issue 88M Market Capitalisation (at last close 3.8cps) $9.3M CEO, Managing Errol Smart Director Cash on Hand (as at 30 Jun ‘14) $0.9M Bill
Slide 27: Rights Issue
Rights Issue • Commencing 1 for 3 renounceable rights issue to raise up to $2.43 million. For personal use only • Underwritten to $1 million by directors and major holders. • Shareholders will have priority on any shortfall. • Funds will be used to carry out immediate follow up exploration such as g
Slide 28: Summary: Reasons to Invest in Orion
Summary: Reasons to Invest in Orion • Quality projects in key locations chasing “giants”: For personal use only • Nova-Bollinger (Ni), Tropicana (Au) • Cracow, Mt Carlton, Pajingo (Australia), Pachuca (Mexico) and Acupan, Antomok Bagiuo (Phillipines) (Au) • Systematic, intensive exploration • An “A-
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 the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“JORC Code”) and is based on For personal use
Slide 30: Orion Gold NL – In situ Mineral Resources at June 2012
Orion Gold Orion Gold NL – In situ Mineral Resources at 30 June 2012 For personal use only 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,
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