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 Presentation April 2014 1

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 and its projects, are forward-looking statements. Such forward-looking statements: are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Orion Gold NL, are inherently • subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or • anticipated events or results reflected in such forward-looking statements; and may include, among other things, statements regarding targets, estimates and assumptions in respect of metal production and prices, • operating costs and results, capital expenditures, mineral reserves and mineral resources and anticipated grades and recovery rates, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions. Orion Gold NL disclaims any intent or obligation to update publicly any forward-looking statements whether as • a result of new information, future events or results or otherwise. The words 'believe', 'expect', 'anticipate', 'indicate', 'contemplate', 'target', 'plan', 'intends', 'continue', 'budget', • 'estimate', 'may', 'will', 'schedule' and similar expressions identify forward-looking statements. All forward-looking statements made in this presentation are qualified by the foregoing cautionary statements. • Investors are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. All information in respect of Exploration Results should be read in conjunction with the Competent Person • Statements at the end of this presentation. 2

Key Achievements in the last 12 months 2 Major Acquisitions in the Fraser Range, WA • Completed airborne geophysical surveys • Existing data compiled and re-processed • Completed ground geophysics • Executed 2 phases of drilling – confirming sulphide Ni-Cu present • New Queensland project identified and pegged • New “polymetal” (Cu-Ni-PGE) project identified in Victoria • Drill tested polymetals target – confirmed valid deposit model • 3

Orion: Corporate Summary Capital Structure Summary Shares on Issue 201M Board & Management Options on Issue (1) 112M Market Capitalisation (at 6cps) $12M Denis Waddell Chairman Cash on Hand (as at 31 Dec ‘13) $2.2M Errol Smart CEO, MD (1) Includes 17.0M options expiring 30 April 2014. Bill Oliver Technical Director Significant Holder Name Number % Silja Investment Ltd (1) 41,328,114 20.6% Alexander Haller Non Exec. Director Alexander Haller (1) 11,302,248 5.6% Martin Bouwmeester CFO, Co Sec 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. 4

In the Right Neighbourhood • Substantial land holding in the Albany-Fraser Belt between two of the most significant Australian exploration discoveries of the past decade: • Nova-Bollinger (Ni-Cu-Co) – Sirius Resources • Tropicana (Au) – AngloGold Ashanti / Independence Group • Almost 5,000km 2 of granted tenements and applications (including competing applications) 5

6 Tropicana Gravity (regional) Nova In the Right Neighbourhood Tropicana Aeromagnetics Nova

Conceptual Deposit Model – cross section 7

Moving quickly – intensive, systematic exploration March 2013 – Announced Kamax acquisition June 2013 – Commenced HeliTEM survey over Peninsula July 2013 – HA1, HA2 and HA3 anomalies defined – Ground EM commenced at Peninsula August 2013 – Announced Creasy transaction – HA1 and HA3 conductors refined September 2013 – CE Prospect discovered by ground EM October 2013 – CE conductor defined, HA2 MLTEM anomaly. November 2013 – Commenced project wide gravity survey December 2013 – Phase 1 Drilling at Peninsula January 2014 – Carried out project wide VTEM survey February 2014 – Commenced drilling at CE followed by HA2 8

Key targets 9

Putting the ingredients together - key indicators Geophysics Geology Geochemistry Associated Fertile Anomalous Mag EM IP Gravity Mafic Sulphides Mineralogy Cu, Co, S, whole rock Ni PGE        * * HA2    * * * * * * * Medusa   * * * * * * * * Pennor        * * * HA1     * * * * * CE  * * * * * * * CD * = no data available, subject of current / future work program  = anomaly / indicator present  = strong anomaly / indicator present 10

Recent Work Defines 23 Targets (Aeromagnetics) Aeromagnetics I nterpreted Medusa I ntrusion I nterpreted Peninsula I ntrusion 11

12 Recent Work Defines 23 Targets (Airborne EM) VTEM Ch48 & HeliTEM Ch29

13 Recent Work Defines 23 Targets (Ground Gravity) I nterpreted Medusa I ntrusion Gravity (ground survey)

HA2 • 2014 drilling defined substantial lengths of Ni-Cu Work Programs: mineralisation in eastern part of intrusion • IP survey across entire intrusive body • Wholerock geochemistry and petrology awaited • Drilling to test margins of intrusion • Follow up drilling adjacent to OPRC008 • Margins of intrusion established Area of planned high power IP survey 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 14

Pennor Coincident indicators: • Magnetic “low” similar to Peninsula Pennor • Dimensions 3km x 1.7km • Gravity anomalies within low and on margin • No historical drilling Work Programs: • Ground EM survey • 2D IP survey • Aircore drilling to test for mafic lithologies in bedrock and Peninsula – HA2 collect fresh rock samples for analysis 15

Medusa Coincident indicators: Work Programs: • Ground geophysics (EM, IP) to test areas where • Large interpreted intrusive body with several airborne EM ineffective magnetic “lows” similar to Peninsula • Aircore drilling to sample mafic intrusions and to test • Substantial gravity anomalies for mafic lithologies elsewhere within intrusion • Mafic intrusives intersected in PDAP drilling • Drilling below anomalous results • EOH Ni results of ~ 100ppm Ni plus elevated Co, Cu Medusa Pennor Medusa Peninsula – HA2 Peninsula – HA2 16

CE Prospect Coincident indicators: • Magnetic “eye” feature • Gravity anomalies • Mafic intrusives intersected in aircore drilling: petrography & geochemistry results awaited Work Programs: • To be determined based on assay results as well as results of petrology and wholerock geochemical studies 17

CD Prospect • Coincident indicators: Work Programs: • Multiple VTEM anomalies • Ground geophysics (EM, IP) to confirm / define airborne EM anomalies • Linear VTEM anomaly – similar to Mammoth Prospect. • Aircore drilling to test confirmed anomalies for mafic lithologies and fertile geochemistry • No previous drilling 18

HA1 Coincident indicators: Work Programs: • Mafic/ultramafic intrusives intersected in aircore/RC drilling • Structural interpretation to determine intrusion morphology • Off hole EM anomaly detected in downhole EM • Review of results • Anomalous Cu, PGE, S assays and isolated low level Ni • Follow-up drilling • Given structural setting potential for metals to be mobilised similar to Thompsons Deposit, Canada 19

Exploration Strategy – the next 6 months Activity 1 2 3 4 5 6 Petrology & geochemical studies Ground EM (new targets) Ground IP survey (3D survey HA2, 2D survey Pennor/Medusa) Approvals / Earthworks Aircore Drilling Targeted ?? Mobilisation (Pennor, Medusa, others) RC Drilling Targeted (HA2, as required at ?? Mobilisation Pennor, Medusa, others?) 20

Other Assets: Gold and PGE rich Ni-Polymetals Orion Gold is focused on acquiring, exploring and developing large tenement holdings or regional scale mineral opportunities in world-class mineral provinces. • Aurora Flats Epithermal Gold Project in Queensland • Underexplored landholding between Cracow and Mt Carlton operations • Encouraging geochemistry in shallow drilling • Walhalla Project – first results from drill testing of Ni-Cu-PGE target • New target within world-class gold field (+4Moz historic production) 21 21