ASX Code: ORN www.oriongold.com.au An exciting new chapter begins… • New Fraser Range and Queensland Projects • Extensive aeromagnetic survey underway in Australia’s hottest exploration address • A fresh approach to exploration at Walhalla Melbourne Mining Club Cutting Edge Series – 21 May 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
Orion: Corporate Summary Orion Gold has recently completed a significant corporate restructure and recapitalisation, creating a strong foundation for growth through exploration success. Capital Structure Summary Shares on Issue 127.6M Options on Issue 55.9M Market Capitalisation $11M (at 9cps) Cash on Hand (as at 31 March) $2.4M Debt $0.1M Significant Holder Name Number % Silja Investment Ltd 77,493,695 60.75% Tarney Holdings Pty Ltd 6,687,500 5.24% Significant Holder Total 84,181,095 65.99% 3
Key Assets • 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) • Walhalla Project – world-class gold field in Victoria with +4Moz historic production – new emphasis on related Cu, Ni, PGE • 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 • Acquisition of Kamax Resources to be completed mid-June 2013 • Kamax controls +900km ² of granted exploration licences in the Fraser Range Province / Tropicana Gold Belt, plus 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 Project: Structural Targets • The Project lies directly on the Cundeelee Fault – a major regional structure likely to be a key regional Northern Foreland control on mineralisation (reworked Yilgarn Craton) • Despite this prime location structural AREAS OF geology/geophysics was not used to INTEREST 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 • A detailed aeromagnetic survey Fraser Mobile Zone commenced over these areas to define targets for drilling in 2013 6
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 7
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 • 8
Walhalla Project, Victoria Highly Prospective Region Walhalla-Woods Point Goldfield – significant regional, historical high-grade gold production - +4Moz @ >25g/t past production - Continuous reef-style mineralisation - 75km prospective strike length - Existing total Indicated and Inferred Resource 440,000oz (refer Appendix 1) Historic high-grade Cu, Ni, PGE mining and drill intersections - now understood to be related to gold mineralisation Mineralisation Controls Identified Recently completed review of mineralisation models: - Digitisation of all historic mining and mapping data - New understanding of controlling geological features - Generated new targets and re-prioritised existing ones New Prioritized Exploration Targets Approved drill program designed for gold targets: Currently Being Drill Tested - Walhalla Proximal – within 10km radius around Cohen’s Reef (1.4Moz historic production) (Refer to Exploration Target details at the end of this - Regional presentation) 9 9
Walhalla: A Model for Gold and Polymetallics Co-genetic model for Au + Polymetallics Modified after Jowitt, Keays, Jackson, Hoggart, Green : Journal Econ Geol. 2012 10
Walhalla: New Structural Interpretation of Cohen’s Trend Historical Exploration target 1 Target Production 2 (refer Appendix 2) Walhalla Proximal Au ozs Au ozs Regional 500,000 - 1,000,000+ Cohen’s Reef 1,400,000 (existing 120,000 oz resource – refer Appendix 1) Longfellows 50,000 50,000 - 150,000+ 300,000 - 500,000+ Tubal Cain 33,000 (existing 270,000 oz resource – refer Appendix 1) Happy Go Lucky 90,000 100,000 - 250,000+ Regional New Dawn – 50,000 + 250,000 - 1,000,000+ Toombon Luck’s All 17,000 200,000 - 500,000+ Sir John Franklin 22,000 50,000 - 100,000+ Holy Terror NA 50,000 - 100,000+ 1) Exploration Targets – The potential quantity of gold ounces is conceptual in nature and is based upon the historical scale and evidence available. The Exploration Target does not represent an actual gold resource. There has been insufficient drilling undertaken to define a gold resource and it is uncertain if further exploration will result in the delineation of a gold resource. Refer to Disclaimer and Competent Person’s Statement. 2) Historical Production figures sourced from Department of Primary Industry public records. Map of Tenements and Historical Workings Lines (Refer to ORN Announcement of 3 April 2013) 11
Connor’s Arch Epithermal Project, Queensland • New project located in central Eastern Queensland • Occurs on same geological structures as other significant epithermal systems on eastern margin of Bowen Basin: • Cracow • Rannes • Mt Mackenzie • Hamilton Park / Waitara • Mt Carlton 12
Connor’s Arch Epithermal Project, Queensland Typical vertical metal zonation in low sulphidation epithermal gold Interpreted erosional level for key prospects in ORN project areas Modified after: Corbett & Leach, 1997 (Southwest Pacific rim gold copper Metal Zonation systems: Structure, alteration and mineralisation) • Hg-Sb-As occur at high levels in system, above most prospective level for high grade gold • As-Hg anomalism consistent with relatively high (shallow) level in a low sulphidation epithermal system • Absence of significant base metal (Cu-Pb-Zn) anomalism further supports this view • Potential to follow system to depth 13
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