Now At The Hottest Address in Australia New Fraser Range Project - PowerPoint PPT Presentation

ASX Code: ORN Now At The Hottest Address in Australia • New Fraser Range Project located between Tropicana Gold Project and Nova Nickel-Copper Project • Barely explored despite immense nearby success • Aeromagnetic survey set to commence; extensive drilling scheduled for later this year Investor Roadshow April 2013 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 and Mineral Resources should be read in conjunction with the • Competent Person Statements at the end of this presentation 2

Highly Experienced Team The Board Denis Waddell Chairman Chartered Accountant. Extensive experience in the management of exploration and mining companies. Founding director of Tanami Gold NL from 1994 until November 2012. Previously Finance Director – Metana Minerals Group. Errol Smart CEO / MD Geologist, extensive global experience in management of gold exploration and mining companies. Most recently COO and Strategic Manager – LionGold Corporation, having overseen the establishment of the first SGX, Main Board listed gold company. Previously held senior positions with AngloGold, Cluff Mining, Metallon Gold, and Clarity Minerals. Alexander Haller Non-Executive Director Principal of Zachary Capital Management. Provides advisory services to investment companies including Silja, the major Orion shareholder. Worked in the corporate finance division at JP Morgan, advising on M&A and equity and debt capital financing. Key Management Martin Bouwmeester CFO and Company Secretary CPA. CFO, BDM and Company Secretary of Perseverance Corporation Limited. Key member of team that evaluated the sulphide mineralisation at the Fosterville Gold Mine and the funding of development of the mine and processing plant. Bill Oliver Proposed COO Managing Director of Kamax Resources (recent Fraser Range acquisition). Extensive experience leading exploration teams in Europe and Australia, including senior roles with Harmony Gold, Iberian Resources, BC Iron and Bellamel Mining. Most recently Managing Director – Signature Metals. 3

An Australian Gold and Nickel Explorer • Walhalla Gold Project – world-class gold field in Victoria with +4Moz historic production – new emphasis on related Cu, Ni, PGE • Fraser Range Gold-Nickel Project – located in the emerging Fraser Range Belt, between two of the most significant Australian mineral discoveries of the past decade (Nova and Tropicana) • Aurora Flats Epithermal gold project in Queensland Orion Gold is focused on acquiring, exploring and developing large tenement holdings or regional scale mineral opportunities in world- class mineral provinces…. 4 4

Fraser Range Project: The Right Neighbourhood • Binding heads of agreement to acquire Kamax Resources • Kamax controls +900 km ² of granted exploration licences in the Fraser Range Province / Tropicana Gold Belt, with a further 700km 2 under application • Tropicana Gold Belt hosts the Tropicana Gold Deposit, currently under development by AngloGold Ashanti & Independence Group • The Fraser Range Province hosts the recent world-class Nova Nickel-Copper discovery (Sirius Resources) – currently one of the world’s “hot spots” for nickel exploration • Minimal historic exploration prior to discovery of Tropicana and Nova due to its remote nature, despite being less than 250km from Kalgoorlie • Exploration has also been hampered in the past by the presence of sand cover 5

Fraser Range: The Tropicana Structure Representative section through the Tropicana Gold Mine “TGM” • Initial mineralisation model for Tropicana was a shallow, east- dipping system • Steep-dipping high grade mineralisation has been delineated in drilling along strike from the Tropicana Mine (TGM), as well as by Beadell Resources • No testing for this mineralisation orientation has been carried out within Kamax’s Project Images on this page are taken from public releases by the members of the Tropicana Joint Venture (AngloGold Ashanti & Independence Group) and do not relate to areas contained within Kamax’s Project 6

Fraser Range Project: Structural Targets • The Project lies directly on the Cundeelee Fault – a major regional structure likely to be a key regional Northern Foreland (reworked Yilgarn Craton) control on mineralisation • Despite this prime location structural AREAS OF INTEREST geology/geophysics was not used to generate targets by previous owners • Geophysical consultants Fugro have generated a new interpretation for the Project based on public data • Several areas of structural complexity identified which have potential to host gold mineralisation • Planning is well advanced for a detailed Fraser Mobile Zone aeromagnetic survey over these areas to define targets for drilling in 2013 7

Fraser Range Project: Parallels with Tropicana • Extensive low-level gold geochemical anomalies have been delineated within the Project (30,277 surface samples collected) 14km • The Tropicana Deposit was discovered during drilling of a similar low-level surface gold anomaly • Only shallow interface drilling has been carried out to date on the Kamax Project 7km (between 2006-2011; 1,131 holes for 52,595 m) 23km • Drilling Results confirm gold anomalism at the saprolite interface • Underlying bedrock mineralization virtually untested (only 2 RC holes drilled) 7km • Use of pathfinder elements to generate/refine targets has been limited 8

Fraser Range: The Nickel Potential Sirius Resources’ Nova Nickel -Copper discovery is a magmatic sulphide deposit hosted in a mafic • intrusive, with associated brecciation and bounded by a pyroxene-garnet gneiss Lithologies intersected in RC drilling on E39/1653 included mafic granulite and gabbronorite • Elevated Ni assays (>0.1% Ni) were returned from drilling, associated with intense alteration • Nova was identified from an EM conductor – no EM surveys have been carried out on E39/1653 • 9

Fraser Range: Defining and Drilling Targets This Year Proposed Expenditure $ (Million) Aeromagnetic Survey $ 0.5 Surface Sampling (Ni Targets) $ 0.2 Drilling (Excludes $100k co-funding from WA Government) $0.4 Airborne VTEM Survey (Ni Targets) $ 0.15 TOTAL $ 1.25 • Detailed aeromagnetic survey will enable more accurate structural interpretation and definition of drilling targets • Aggressively drill out priority targets based on favourable structural locations and/or geochemical anomalies using either Aircore (for first pass/conceptual targets) or RC (for more advanced targets) • Successfully obtained funding of $100,000 from the WA Government’s Exploration Incentive Drilling Scheme (granted by the Dept of Mines & Petroleum) • Surface sampling and EM surveys over nickel targets will determine if nickel or other base metal anomalism is present and enable definition of drilling targets 10