Closing in on discovery Through intensive, systematic exploration - - PowerPoint PPT Presentation
ASX Code: ORN Closing in on discovery Through intensive, systematic exploration Fraser Range: Encouraging Ni-Cu-PGE drill results from Peninsula 23 targets defined within the project area, follow up ground work imminent Investor
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ASX Code: ORN
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subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies;
anticipated events or results reflected in such forward-looking statements; and
are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions.
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Capital Structure Summary Shares on Issue 201M Options on Issue (1) 112M Market Capitalisation (at 6cps) $12M Cash on Hand (as at 31 Dec ‘13) $2.2M Significant Holder Name Number % Silja Investment Ltd (1) 41,328,114 20.6% Alexander Haller (1) 11,302,248 5.6% Creasy Group 15,800,000 7.9% Significant Holder Total 68,430,362 34.1%
(1) Mr Alexander Haller is deemed to have a relevant interest in securities held by Silja
Investment Ltd.
Board & Management Denis Waddell Chairman Errol Smart CEO, MD Bill Oliver Technical Director Alexander Haller Non Exec. Director Martin Bouwmeester CFO, Co Sec
(1) Includes 17.0M options expiring 30 April 2014.
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Nova Tropicana
Aeromagnetics
Nova Tropicana
Gravity (regional)
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Mag EM IP Gravity Mafic Sulphides Mineralogy Anomalous Ni
Associated Cu, Co, S, PGE
Fertile whole rock
HA2
Medusa
Pennor
HA1
CE
CD
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I nterpreted Peninsula I ntrusion
I nterpreted Medusa I ntrusion
Aeromagnetics
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VTEM Ch48 & HeliTEM Ch29
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I nterpreted Medusa I ntrusion
Gravity (ground survey)
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Hole From To Length Ni (%) Cu (%) Co (%)
OPRC008 44 124 80 0.11 0.05 0.01
including 52 64 12 0.22 0.11 0.02
OPRC009 44 91 47 0.08 0.02 0.01 190 196 6 0.10 0.05 0.01 OPRC010 100 150* 50 0.09 0.04 0.01
including 116 126 10 0.14 0.07 0.01
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Pennor
Peninsula – HA2
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Pennor Peninsula – HA2 Peninsula – HA2
Medusa Medusa
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1 2 3 4 5 6
(new targets)
(3D survey HA2, 2D survey Pennor/Medusa)
(Pennor, Medusa, others)
(HA2, as required at Pennor, Medusa, others?)
Targeted Mobilisation Targeted Mobilisation
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CC003 36m @
from 303m
Footwall mineralisation continuing along dyke Mineralisation demonstrated to
as well as keel Mineralisation
plunge & down dip
OCC003 24m @
from 184m
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A
B
Drillhole intersection 100m
AFRC001
Including:
Ag, 62ppm Te, 57.1ppm Hg from 84m
101ppm AFRC002
from 96m
PDH510
from 46m PDH512
from 12m Including:
from 16m
Au in soils anomaly Au in soils anomaly Superficial cover – no surface expression of vein
1.5km of prospective strike (minimum) Aurora Flats long section (A-B), looking north-west
Exploration Model
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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 information compiled by Mr Bill Oliver, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr Oliver is the Technical Director of Orion Gold NL and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“JORC Code”). Mr Oliver consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. Information in this report which related to Exploration Results and other technical information about the Connors Arc 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 compiled by Mr Ben Spence (B.AppSc), who is a Member of the Australian Institute of
mineralisation and types of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“JORC Code”). Mr Spence consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. Exploration Results, Exploration Targets and other technical information in this report relating to the Walhalla Polymetals Project complies with the2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“JORC Code”) and has been compiled and assessed under the supervision of Mr Errol Smart, Orion Gold NL’s Managing Director, from historical records and field investigation. Mr Smart (PrSciNat) is registered with the South African Council for Natural Scientific Professionals, a ROPO for JORC purposes and has experience in the identification and exploration of mineralisation of this style. Mr Smart consents to the public release of the information in the context contained within this release as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“JORC Code”). Mr Smart consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.