ASX Code: ORN Acquiring a commanding land position in the Fraser Range • Creasy deal adds approximately 2600km 2 of highly prospective tenements to Fraser Range landholdings • Compelling Nickel-Copper targets already defined at Orion’s Peninsula Ni Project • Follow up ground geophysics underway • Drilling scheduled for 2013 Investor Presentation August 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 should be read in conjunction with the Competent Person • Statements at the end of this presentation. 2
Transaction • Acquisition of a majority interest (70%) in Tropicana 2,628km 2 of tenements from entities associated with the Creasy Group. • Four granted exploration licenses (1,011km 2 ) and three contiguous applications (1,617km 2 ). • Tenements are located in the northern Fraser Range Belt adjacent to Orion’s Peninsula Project and will give Orion the dominant ground position in the area. • Consideration is 15 million shares and 18.5 million options: • 3.5M 20c options expiring April 2014 • 5M 15c options expiring 12 months Nova • 5M 25c options expiring 24 months • 5M 35c options expiring 36 months 3
Orion: Corporate Summary Capital Structure Summary Shares on Issue 140.7M Shares on Issue (post acquisition & raising) approx 197M Options on Issue 91.4M Options on Issue (post acquisition & raising) approx 110M Market Capitalisation (current) $18M (at 13cps) Significant Holders Number % Silja Investment Ltd 77,493,695 55% Tarney Holdings Pty Ltd 6,687,500 4.8% Significant Holder Total 84,181,095 60% 4
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 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. 5
Post Acquisition 6 tenements Acquired Creasy deal creates significant ground position Current
7 Peninsula 20km N 20km N Regional Setting Tropicana located within the Albany- Tenement package is Fraser Mobile Belt. Nova
Historical high resolution aeromagnetics I nterpreted Medusa I ntrusion Prominent magnetic feature E39/ 1653 Peninsula Plan of “The Eye” magnetic anomaly (host of Nova/Bollinger Deposit) for scale. See Appendix for details. N I nterpreted Peninsula 5km I ntrusion 8
Surface Geochemical Sampling Results Coincident Ni, Cu, Co anomalism Peninsula Only first pass geochemical • sampling has been carried out on some of the tenements (800m x 400m spacing) Sampling defines broad low- • level coincident Ni-Co-Cu anomalies on E39/1654. 9
Acquisition builds on work done at Peninsula Project Anomalous Ni, Cu, Co & S Plan of “The Eye” magnetic anomaly (host of Nova/Bollinger Deposit) at the same scale as Peninsula figure. See Appendix for details . Peak Hole From To Background Nickel 1,427ppm PLRC015 40 41 244ppm Copper 312ppm PLRC015 48 52 38ppm Cobalt 197ppm PLRC017 54 55 50ppm Sulfur 8,616ppm PLRC015 40 41 665ppm The Peninsula Project contains one of only a few Proterozoic mafic / ultramafic • intrusions identified within the Fraser Range Province. Lithologies intersected in RC drilling at Peninsula by Western Areas include mafic granulite and gabbronorite. • Anomalous Ni – Cu – Co - S assays were returned but no deeper test of the intrusive body was carried out. • A significant amount of the intrusion remains untested, along with the surrounding area. • 10
Fraser Range Ni-Cu: Lessons From Nova - Bollinger Diagram above is taken from Sirius Resources ASX Announcement 6 March 2013 and shows the geological • setting of the Nova and Bollinger Deposits Both deposits are magmatic sulphide deposits hosted by a mafic intrusive complex, with associated • brecciation and bounded by a pyroxene-garnet gneiss. The Nova “Discovery” was made by following up a target defined by surface geochemical sampling, • airborne magnetics and EM, regolith anomalies in aircore drilling and ground EM. 11
Putting the indicators together – clear Nova analogy Nova Peninsula (pre-discovery) (poised for discovery) Mafic intrusion Nickel present in bedrock Copper & sulphur associated with nickel Magnetic anomaly EM conductor 12
HeliTEM Results from Peninsula HeliTEM Response Ch29B • Two significant EM anomalies associated with Insets show aeromagnetic images magnetic anomalies have been identified in the of PEN_HA1 & PEN_HA2 HeliTEM survey. • Pen_HA1 & PEN_HA2 shown on plan to right • Significantly PEN_HA2 is in the same location as anomalous Ni – Cu – Co – S intersections in historical drilling and has a coincident aeromagnetic anomaly. • PEN_HA1 has not been covered by surface sampling and has not been drill tested. I nterpreted Peninsula • Drilling to east intersected low level Au-PGE. I ntrusion • Two secondary anomalies (yellow) and three single line anomalies (stars) also identified. Conductive Overburden • Ground EM is planned to be carried out over all anomalies to better define conductors at lower frequencies. 13
Forward Work Programmes for Fraser Range • Airborne geophysics planned for new Creasy tenements (EM). • Ground EM follow up on target areas in all tenements. • Surface and litho-geochemical surveys on target areas in all tenements. • Infill sampling of coincident Ni, Cu, Co anomalies within Creasy tenements. • Refine genetic model and generate robust drill targets. • Aim is to generate drill targets and submit PoWs for drilling in 2013. 14
ORN: High Quality Gold – Polymetal Exploration Assets • Fraser Range Gold-Nickel-Copper Project – located in the emerging Fraser Range Belt – between two of the most significant Australian mineral discoveries of the past decade (Nova and Tropicana) • Walhalla Gold & Polymetals Project – world-class gold field in Victoria – new emphasis on related Cu, Ni, PGE bearing fruit • Connors Arc – Aurora Project – Epithermal gold project in Queensland – located between Cracow and Mt Carlton Orion Gold is focused on acquiring, exploring and developing large tenement holdings or regional scale mineral opportunities in world-class mineral provinces…. 15 15
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