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ORION MINERALS LIMITED - Multiple copper sulphide intercepts within large VMS system at Boksputs opens up exciting new discovery opportunity

Release Date: 25/01/2021 09:01
Code(s): ORN     PDF:  
Wrap Text
Multiple copper sulphide intercepts within large VMS system at Boksputs opens up exciting new
discovery opportunity

Orion Minerals Limited
Incorporated in the Commonwealth of Australia
Australian Company Number 098 939 274
ASX share code: ORN
JSE share code: ORN
ISIN: AU000000ORN1


Multiple copper sulphide intercepts within large VMS system at Boksputs opens up exciting new
discovery opportunity


Deep diamond drill hole still in progress intersects numerous mineralised zones across multiple horizons at
southern end of a 3km long mineralised system 125km north-west of the Prieska Copper-Zinc Project

   - Significant zones of copper, zinc and nickel-copper-PGE mineralisation intersected across all key
     prospects tested as part of the high-impact near-mine and regional drilling program across
     Orion’s tenement holdings in the Northern Cape Province, South Africa.
     
   - Results confirm the under-explored nature of the Areachap Province and the substantial
     opportunity for a major discovery, both in the near-mine environment around the fully-permitted
     Prieska Copper-Zinc Project, and the broader region.
     
   - A key focus will be the greenfields Boksputs Project, located 125km north-west of Prieska, where
     a deep diamond drill hole has intersected numerous zones of VMS copper mineralisation across
     multiple horizons, with initial assays including 5m at 1.09% Cu and 0.13g/t Au from 393.00m and
     1m at 2.25% Cu and 0.32g/t Au from 498.45m.
     
   - The hole is still in progress to test an electro-magnetic (EM) conductor within a large VMS
     mineralised package with multiple historical intercepts, EM anomalies, outcropping exhalites and
     mineralisation over an area extending over 3km by 1km.
     
   - Intensive follow-up drilling is planned, including to target a strong 3000 Siemens conductor
     located 3km north of the current drill hole (compared with the current 400S conductor).
     
   - Drilling at the Kielder Project, located 15km from Prieska, has intersected high-grade base metal
     mineralisation close to surface, successfully validating historically reported copper and zinc
     sulphide mineralisation across two VMS prospects.
     
   - Plus, at the Jacomynspan nickel-copper deposit, 68km north-west of Prieska, drilling has
     intersected three shallow zones of net textured sulphides with a best intercept of 6.03m at 0.60%
     Ni, 0.31% Cu, 0.19g/t Pd, 0.21g/t Pt and 0.20g/t Au from 145.36m, including 1.10m at 1.23% Ni and
     0.69% Cu from 146.35m.


Orion’s Managing Director and CEO, Errol Smart, commented:

“We could not have asked for a better start to 2021. Against the backdrop of soaring base metal prices and a
fantastic outlook for copper, zinc and nickel amidst a stimulus-fuelled global economic recovery, we have been
able to deliver some very exciting exploration news from the pre-Christmas drilling across our extensive Areachap
tenement holdings in the Northern Cape.

“The strategic significance of all these targets is that they form part of a world-class exploration package that is
underpinned by our fully-permitted Prieska Copper-Zinc Project – which remains one of the few advanced base
metal assets worldwide ready to move into construction this year. Some of the targets are ‘near-mine’
opportunities that could quickly develop into satellite ore sources for the Prieska mill. Others sit further afield and
have demonstrated strong geological potential to emerge as potential major new VMS discoveries of a similar
size to Prieska, or perhaps even bigger.”


Orion Minerals Limited                                                                          www.orionminerals.com.au
Incorporated in the Commonwealth of Australia
Suite 617, 530 Little Collins Street, Melbourne, Victoria 3000                                             ASX Code: ORN
ACN: 098 939 274                                                                                           JSE Code: ORN
Ordinary shares on issue: 3,414m I Options on issue: 234m                                              ISIN: AU000000ORN


“The project that has really caught our attention is Boksputs, which fits the latter category. It was originally drilled
by Anglo American back in 1973 and yielded some promising copper intercepts, despite patchy information
being available. We know that it sits within a large syncline, has outcropping mineralisation, historical intercepts
and EM anomalies over a massive area of 3km by 1km, and exhibits all the lithologies and characteristics of a
very large VMS system.

“Our first diamond drill hole, targeting a 400 Siemens EM conductor at one end of the syncline, has intersected
multiple zones of copper-bearing sulphide mineralisation associated with chloritization and magnetite. The hole
is still in progress, but the evidence we are seeing from the drill core is that we are in a very big VMS system –
which really excites us.

“Based on the encouraging results so far, we intend to substantially accelerate exploration at Boksputs, including
a further deep diamond drill hole to test a strong 3000S EM conductor 3km to the north at the other end of the
syncline, along with surface EM and RC drilling across the entire strike length of the structure.

“Elsewhere, drilling at the Kielder Project, located just 15km from Prieska, intersected shallow high-grade base
metal mineralisation, validating historical results and elevating this as a priority near-mine opportunity. Meanwhile
at Jacomynspan, 68km to the north-west, we have intersected multiple zones of shallow higher grade Ni-Cu-Co-
PGE-Au mineralisation that may have importance for open pit mining potential and secured samples for
metallurgical test work. This is another promising growth opportunity for the Company.

“We expect the next six months to be a transformational period for Orion as we step-up exploration and secure
the financing to start construction at Prieska. This is a project whose time has well and truly come, and we are
excited about the opportunity to finally bring it to fruition, for the benefit of our shareholders and the communities
in the Northern Cape region. We see this district being a long-term source of high-quality base metal
concentrates that will help to support the ‘new era’ of global economic growth which is widely expected to
unfold this decade.”

Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) is pleased to report highly encouraging results
from high-impact exploration drilling programs targeting near-mine and regional volcanogenic massive sulphide
(VMS) copper-zinc and nickel-copper targets around its flagship Prieska Copper-Zinc Project (Prieska Project) in
South Africa’s Northern Cape.

Drilling was undertaken during the December 2020 Quarter on the Prieska Copper-Zinc Mine (PCZM), Namaqua-
Disawell and Masiqhame prospecting rights, including the K3 and K6 prospects at the Kielder Project within the
Dooniespan Prospecting Right, the Jacomynspan and Area 4 prospects within the Namaqua-Disawell
Prospecting Right, the B4 anomaly on the Boksputs Prospect and at the Kantienpan Prospect on the Masiqhame
Prospecting Right (Figure 1).

Base metal sulphides were intersected at all five prospects drilled, with the drilling program delivering highly
encouraging early results despite being impacted by restrictions associated with the COVID-19 pandemic, a
reduction in field staff, slower sampling and assay turnaround and the lack of availability of down-hole
geophysical instruments that are currently stranded in Australia due to logistical challenges.

Despite these temporary challenges, Orion intends to substantially expand its exploration activities within the
Areachap Province in the coming weeks given the very promising results generated so far and the potential to
unlock major new growth opportunities for the Company.

                                                                                                                       
Figure 1: Location map showing the prospects where drilling was undertaken during the 2020 drilling program.


Boksputs Prospect – Masiqhame


Potential for a large-scale greenfields VMS discovery

The Boksputs copper prospect is located close to the northern boundary of the Masiqhame prospecting right,
some 125km NNW of the Prieska Project (Figure 1).

Copper mineralisation was discovered by Anglo American Corporation in 1973 following an airborne electro-
magnetic (EM) survey, ground geophysics and soil geochemistry. The prospect was tested with 12 shallow
diamond drill holes.

The B4 EM anomaly was detected by Orion using fixed loop time domain electromagnetic (FLTDEM) follow-up of
previously generated SkyTEMTM anomalies at Boksputs. Modelling of the data revealed a 300m x 1,000m plate
with a conductance of 400 Siemens (refer ASX release 20 October 2020). The plate fits the geology with the B4
conductor developed in the Kraalkop Synform, located stratigraphically below the historical VMS intersections
reported in the Anglo American drill holes (Figures 2 and 3).

                                                                                                                            
Figure 2: Simplified geological map of the Boksputs Kantienpan Area showing the B4 conductor and Orion hole OBPD001.


Figure 3: Geological cross-section showing reported historical and recent intersections (historical intersections after Geringer et. al.1).


Geringer, G.J., Pretorius, J.J., and Cilliers, F.H., 1987. Strata-bound copper-iron sulfide mineralisation in a Proterozoic front arc setting at
Boksputs, Northwest Cape, South Africa – a possible Besshi Type deposit. Mineral Deposita 22, pp. 81 – 89 (1987).
 
                                                                                                                                                   
Diamond drill hole OBPD001, which was collared to test the B4 EM plate, is still in progress and has so far
intersected numerous zones of copper-bearing sulphide mineralisation associated with chloritization and
magnetite. Mineralisation has been intersected in multiple horizons and occurs as remobilised sulphide stringers
and disseminated sulphides as well as stratabound primary, massive pyrrhotite-pyrite-chalcopyrite layers with
both remobilised and primary sulphides (Figure 4 below).

Significant assay results received to date are set out in Table 1 below:


             Depth (m)           Intersection Estimated true
Hole No      From      To        Length (m)   width (m)   Cu (%)    Au (g/t)

OBPD001      393.00    398.00    5.00         3.00        1.09      0.13
incl.        394.00    395.00    1.00         0.60        2.38      0.29
OBPD001      405.90    409.58    3.68         2.21        0.60      0.18
OBPD001      432.00    440.00    8.00         4.80        0.49      <0.1
incl.        434.00    437.00    3.00         1.80        0.67      <0.1
OBPD001      498.45    499.45    1.00         0.60        2.25      0.32
                                                

Table 1: Intersection table for hole OBPD001.


Figure 4: Photo showing a zone of flexure slip with disseminated pyrite and chalcopyrite intersected in OBPD001 at 448.82m. This suggests that
                                      remobilisation of sulphides happened during the late folding phase.


Detailed logging of the drill core by experienced members of the Orion exploration team indicates that the hole
has intersected strong zones of alteration and signature VMS lithologies similar to those seen at the Prieska Project,
confirming Boskputs as a large-scale, high-priority target area for base metal VMS mineralisation.

The mineralised package – with multiple historical intersections and EM anomalies – covers an area of roughly
3km x 1km, with outcropping mineralisation and drill intersections occurring to 550m depth.

Hole OBPD001 is currently being deepened, but assay results from the first four zones of mineralisation provide
strong encouragement for follow up down-hole electromagnetic (DHEM) surveys and drilling.

The results obtained in OBPD001 also upgrade the exploration potential of the conductors detected on the B1
and B2 anomalies, located 3km to the north of B4 (Figure 2). At B2 the conductance of the modelled plate is up
to 3000 Siemens compared to the 400S conductor at B4, suggesting the presence of more coherent and massive
mineralisation in the same stratigraphic horizon.

A comprehensive exploration program including moving-loop ground EM and both shallow and deeper drilling
is currently being planned.


Kielder Project – PCZM Near Mine


Newmont South Africa (Newmont) discovered VMS-style copper-zinc mineralisation at three prospects on the
Kielder Project, located 15km from Prieska (Figure 1), in 1976. The shallow depth of the mineralisation offers a
significant opportunity for Orion to delineate a shallow, near-mine deposit with the potential to deliver
supplemental tonnage for an expanded operation at Prieska.
                                                                                                                                             
Six prospects were identified by Newmont with available reports indicating that the K3 and K6 prospects had
returned the best results (refer ASX release 20 October 2020).

Drilling at Kielder was designed to verify the historically reported results in historical drill holes KDH3 and KDH15, as
well as to provide a platform for modern high-powered DHEM surveys.

Drill holes OKD031 and OKD032 intersected VMS mineralisation and verified the historically reported drill results,
with hole details and assay results summarised in Tables 2 and 3 below:

Hole ID         X-coord*    Y-coord*   Inclination  Azimuth   Final Depth

OKD031          618757      6696095    -60          345       227.06
OKD032          612662      6694755    -60          79        155.58
OKD033          618720      6696256    -65          350       149.57
                                     

Table 2: Details of the holes drilled at the K3 and K6 prospects on Kielder.


Drill hole                                        Intersection Width (m) and Depth (m)       Cu (%)                   Zn (%)                Au (g/t)
                               
Historic       Twin (Orion)    Prospect           Historic            Twin (Orion)           Historic  Twin (Orion)   Historic   Twin (Orion)  Historic   Twin (Orion)

KDH3           OKD031          K3                 13.08 from 179.21   9.39 from 174.73       0.23      0.14           3.69       3.41          0.19       0.14
KDH15          OKD032          K6                 4.20 from 117.30    3.90 from 123.20       0.39      0.30           7.21       7.87          No data    0.16
KDH2           OKD033          K3                 6.11 from 117.30    0.70 from 108.80       0.4       0.02           3.01       2.92          0.27       0.3


Table 3: Recent drill results over selected intervals, compared to historically reported intercepts on Kielder.


OKD031 was drilled 10m down-dip from KDH3 and intersected 9.39m at 0.14% Cu, 3.41% Zn and 0.14g/t Au from
174.73m, including 4.81m at 0.14% Cu and 4.49% Zn from 189.16m (Table 3).

OKD032, drilled 25m from KDH3, intersected 3.9m at 0.30% Cu, 7.87% Zn, 10g/t Ag and 0.16g/t Au from 123.2m
and 2.21m at 0.70% Cu, 1.70% Zn, 36g/t Ag and 0.20g/t Au from 129.94m.

OKD033 was drilled 10m from historical hole KDH2 and showed potential high variability in the mineralisation at
K3.

The copper and zinc sulphides intersected are shown in the photograph in Figure 5 below and the location of
the historical and recently completed holes is shown in Figures 6 - 9.


Figure 5: Massive sulphide intersection in K6 drill hole OKD032 containing copper and zinc sulphides.

                                                                                                                                            
Figure 6: Map showing the historical drilling and recently completed drill holes at K3.


Figure 7: Cross-section showing the mineralisation intersected in drill holes OKD031 and OKD033 at the K3 Prospect.

                                                                                                                    
Figure 8: Map of the historical drilling at K6 also showing the planned diamond drill hole.


Figure 9: Cross-section through drill holes KDH15 and OKD032 showing the sulphides intersected in drill hole OKD032.

                                                                                                                       
Despite intersecting high-grade massive sulphide mineralisation at K6, Newmont geologists reported that the
geophysical techniques available in the 1970s, including electro-magnetic (EM) surveys, failed to detect the
mineralisation. This rendered geophysical targeting for down-dip and along strike extensions virtually impossible
at the time.

This technical challenge contributed to Newmont declining to exercise the option they had to acquire the
mineral rights, and exploration on the prospect ceased for nearly 50 years until Orion’s recent work.

Orion intends conducting orientation geophysical surveys at K6 using modern geophysical techniques and, if
successful, applying these techniques to trace the extensions of K6 and other weaker SkyTEM TM anomalies like
K5 and covering the VMS target horizon. DHEM surveys are planned for holes OKD031, 032 and 033 as soon as
geophysical instruments currently in Australia can be secured.

The Company’s exploration team believes that there is significant potential for a combined approach utilising
structural analysis together with high-powered, modern surface and down-hole geophysics as a viable targeting
method for the mineralisation, which has demonstrated significant near-surface copper and zinc grades.


Kantienpan Project - Masiqhame


Iscor started drilling on the Kantienpan prospect in 1998. Iscor used an internal laboratory and there are no QA-
QC reports available for the 13 diamond drill holes. Quarter core samples from four holes were sent to GoldLab
Africa for check-assay (refer ASX release 20 October 2020). GoldLab Africa reported higher zinc grades in all four
holes. Should the zinc grades be substantially higher, as indicated by the GoldLab Africa analysis, it may justify
progressing to a resource drill-out of the deposit.

Orion selected four holes for twinning (Figure 10). The holes are listed in Table 4. Hole OKND019 twinned hole
KD005 and was completed in December 2020 (Figure 11). OKND019 intersected 7.5m at 0.49% Cu, 7.22% Zn and
0.1g/t Au from 81.00m (Figures 11 and 12). Comparison with the Iscor hole KN005 is given in Table 5.

Meaningful conclusion on comparison of the results can only be done after completion of all four twin holes.


Figure 10: Map showing historical drill holes KN004, 005, 007 and 010 where intersections will be twinned.

                                                                                                                            
Historic       Top of          Intersection   Historic intersection    Planned      Planned      Status
drill hole     intersection    width (m)      Cu (%)         Zn (%)    twin hole    meters (m)

KN004          106             9.00           0.14           1.27      OKND020      125.00       Drilling
KN00           82              8.84           1.02           6.32      OKND019      110.00       Completed
KN007          106             7.00           0.57           3.15      OKND022      120.00       Planned
KN010          190             6.15           0.49           4.74      OKND021      205.00       Planed


Table 4: Planned holes at Kantienpan and status.

                                           
Hole No     Company     Laboratory      Depth (m)                Length      Cu %    Zn %
                                        From        To           (m)

OKND019     Orion       ALS             81          88.5         7.5         0.49    7.22
KD005       Iscor       Iscor           82.05       88.84        6.79        1.02    6.32


Table 5: Copper and zinc assay results from OKND019 and historic hole KD005.


The mineralisation at Kantienpan remains open in depth and along strike to the north.


Figure 11: Cross-section through drill holes KN005 and OKND019.

                                                                                                                           
Figure 12: Massive sulphides intersected in drill hole OKND019.


Area 4 Prospect – Namaqua – Disawell Project


Between 1975 and 1983 Anglo American carried out limited exploration at the Area 4 prospect. Two diamond
drill holes were drilled, targeting geochemical, magnetic and IP features. Both holes intersected mafic-ultramafic
intrusive rocks. Drill hole JAC007 intersected a broad sulphide zone of 62.5m grading 0.26% Ni and 0.17% Cu from
270.30m (refer ASX release 3 July 2018). Drilling targeted geochemical, magnetic and IP targets.

Orion carried out FLTDEM surveys over Area 4 using two grids, A4A and A4B. Seven plate models of conductance
ranging from 350 – 2000 S, with smaller dimensions characteristic of semi-massive to massive sulphide
mineralisation within or on margins of disseminated sulphide mineralisation, have been modelled (Figure 13).

Drill hole OA4D001, completed in November 2020, intersected two zones of mafic-ultramafic rocks separated by
61.70m of metapelitic rocks. The upper zone of 60.90m intersected from 17.00m down-hole consists of pyroxenite
that hosts two layers of harzburgite from 21.64m to 23.62m and from 50.47m to 54.45m.

This unit is mineralised with disseminated pyrrhotite and contains nickel and copper concentrations up to 0.28%
Ni and 0.15% Cu over 5m from 70m down-hole (Figure 14, Table 6). The lower unit was intersected over 33.92m
from 143.30m down-hole and consists of non-conductive gabbro-norite devoid of sulphides. The modelled EM
plates with strong conductance are therefore not explained by the drilling intersection.

A down-hole EM survey is planned to detect off-hole EM conductors and assist with modelling of the ground EM
data.

                                                                                                               
Figure 13: Plan showing EM conductors and drilling on the Area 4 prospect.


Figure 14: Section showing drill hole OA4D001 with the modelled EM-plates.

                                                                         
Hole No    Depth (m)          Intersection
           From      To       Length (m)      Ni (%)       Cu (%)

4D001      70.00     75.00    5.00            0.28         0.15


Table 6: Intersection table for drill hole OA4D001.


Jacomynspan


Drill hole OJPD054 was completed to test the potential of shallow Ni-Cu-Co-PGE- Au mineralisation on the
Jacomynspan nickel-copper prospect. Jacomynspan hosts a Mineral Resource of 6.8Mt at 0.57% Ni, 0.33% Cu,
0.03% Co, 0.19g/t Pt, 0.12g/t Pd, 0.07g/t Au2 (Figure 15) (refer ASX release 20 October 2020).

The deposit has been extensively drilled over the 3km strike length of the intrusive to a depth of 900m; however,
the upper 150m of the outcropping deposit that is oxidised to depths of 30m - 60m, remains largely untested and
presents an attractive open pit mining prospect.

Historical hole JMP030 intersected higher grade mineralisation of 0.40% Ni and 0.29% Cu over 29.14m at a vertical
depth of 120.86m hosted in harzburgite on the hanging wall contact of the ultramafic intrusion (refer ASX release
8 March 2018). OJPD054 was drilled to test for the up-dip continuation of the Harzburgite 25m up-dip of JMP 030
intersection (Table 7).

The hole revealed that the targeted harzburgite does not continue up-dip, however several additional
unexpected hartzburgite horizons with higher grade sulphide mineralisation were intersected in the stratigraphic
footwall of the target (Table 7, Figure 16). These results show a more complex distribution of mineralisation than
previously modelled, including numerous shallow higher grade zones that have merit to evaluate for future
selective open pit mining.

Close-spaced, shallow drilling is being planned to test and map out these shallow lenses of mineralisation with
attractive Ni-Cu-PGE-Au mineralisation and to collect samples for metallurgical test work.

Hole No              Depth (m)
                     From          To        Length      Ni %     Cu %     Au ppm   Pt ppm    Pd ppm

OJPD054              145.36        151.39    6.03        0.60     0.31     0.20     0.21      0.19
incl.                146.35        147.45    1.10        1.23     0.69     0.05     0.04      0.09
OJPD054              155.13        156.17    1.04        0.53     0.09     0.06     0.23      0.09
OJPD054              167.42        171.15    3.73        0.64     0.30     0.11     0.45      0.14


Table 7: Intersection table for drill hole OJPD054.


2 Mineral Resource reported in ASX release of 8 March 2018: “Geological Modelling Confirms Compelling Targets Surrounding the Jacomynspan Ni-Cu-Co-PGE
Intrusive” available to the public on http://www.orionminerals.com.au/investors/asx-jse-announcements/. Competent Person Mineral Resource: Mr. Jeremy
Witley. Orion confirms it is not aware of any new information or data that materially affects the information included in the original market announcement. Orion
confirms that all material assumptions and technical parameters underpinning the mineral resource estimates continue to apply and have not materially
changed. Orion confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original
market announcement.

                                                                                                                                                         
Figure 15: Map of the Jacomynspan Deposit with the current drill area indicated.


Figure 15: Cross section showing nickel grades in hole OJDP054.


For and on behalf of the Board.


Errol Smart
Managing Director and CEO

25 January 2021
 
                                                                                                         
ENQUIRIES

 Investors                                    Media                                         JSE Sponsor
 Errol Smart – Managing Director &            Nicholas Read                                 Monique Martinez
 CEO
 Denis Waddell – Chairman                     Read Corporate, Australia                     Merchantec Capital
 T: +61 (0) 3 8080 7170                       T: +61 (0) 419 929 046                        T: +27 (0) 11 325 6363
 E: info@orionminerals.com.au                 E: nicholas@readcorporate.com.au              E: monique@merchantec.co.za


Competent Person Statement

The information in this report that relates to Exploration Results has been compiled under the supervision of Mr Conrad Louw
van Schalkwyk, a Competent Person who is registered with the South African Council for Natural Scientific Professionals, a
‘Recognised Professional Organisation (RPO). Mr Van Schalkwyk is a full-time employee of Orion in the role of Executive:
Exploration. Mr Van Schalkwyk 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. Mr Van Schalkwyk consents
to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Disclaimer

This release may include forward-looking statements. Such forward-looking statements 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. These forward-looking statements are based on management’s expectations and beliefs concerning future
events. Forward-looking statements inherently involve subjective judgement and analysis and are necessarily subject to risks,
uncertainties and other factors, many of which are outside the control of Orion. Actual results and developments may vary
materially from those expressed in this release. Given these uncertainties, readers are cautioned not to place undue reliance
on such forward-looking statements. Orion makes no undertaking to subsequently update or revise the forward-looking
statements made in this release to reflect events or circumstances after the date of this release. All information in respect of
Exploration Results and other technical information should be read in conjunction with Competent Person Statements in this
release (where applicable). To the maximum extent permitted by law, Orion and any of its related bodies corporate and
affiliates and their officers, employees, agents, associates and advisers:

•      disclaim any obligations or undertaking to release any updates or revisions to the information to reflect any change in
       expectations or assumptions;

•      do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the
       information in this release, or likelihood of fulfilment of any forward-looking statement or any event or results expressed
       or implied in any forward-looking statement; and

•      disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for
       negligence).

                                                                                                                             
Appendix 1:


Table 1: Drill hole information and intersections of historical holes drilled on the K3 and K6 prospects Dooniespan 103 portion 6. A 1% Zn cut-off
was used with no top cut-off. Where present, internal waste is included in the intersections.

                                                                                      Final                                         Cu        Zn        Au         Ag
Hole No      Prospect      UTM E      UTM N           Inclination      Bearing        Depth        From (m)          Width (m)      wt%       wt%       (g/t)      (g/t)

KDH1         K3            618690     6696414         -55              169            66.06        Hole abandoned
KDH2         K3            618724     6696258         -65              349            199.08       116.32            6.11           0.4       3.01      0.27       3.32
KDH3         K3            618757     6696106         -60              349            274.5        179.21            13.08          0.23      3.69      0.19       4.67
KDH4         K3            618778     6695998         -70              349            491.1        246.95            0.6            0.51      6.84      0.09       3.7
KDH5         K3            618810     6695839         -70              349            596.75       556.4             0.8            0.04      3.59      0.07       2.7
KDH6         K3            619136     6696240         -80              349            405.15       No intersection
KDH7         K3            618918     6696293         -50              349            178.76       104.8             0.6            0.12      1.16      0.14       4.3
KDH8         K3            618540     6696166         -60              349            175.85       151.45            0.35           0.16      0.01      <0.05      1.1
KDH9         K3            618573     6696009         -60              349            288.7        148               2              0.2       0.01      0.11       0.05
KDH10        K3            618451     6695455         -50              169            138.25       No data available
KDH11        K3            618495     6695300         -45              349            175.5        No mineralisation
KDH15        K6            612652     6694766         -55              79             175.7        116               4.8            0.46      6.18      0.1        15.4
KDH16        K6            618945     6696163         -60              349            224.6        No mineralisation
KDH17        K6            612668     6694671         -55              79             175.7        114.4             0.3            0.26      2.14      5.9        20.2
KDH18        K6            612608     6694656         -65              79             239.9        184.78            3.1            0.34      5.75      0.3        11.62
KDH19        K6            612612     6694857         -45              79             192.25       No data available
KDH20        K6            612635     6694559         -55              79             274.1        No data available
KDH21        K6            612595     6694956         -45              79                          No data available
KDH25        K6            612542     6694749         -55              79             249.8        No data available
KDH26        K6            612576     6694548         -55              79             289          No data available
KDH27        K6            612629     6694456         -65              79             332.8        No data available
KDH28        K6            612504     6694583         -65              79             1            No data available
KDH29        K3            618850     6696138         -60              349            283.35       No data available
KDH30        K3            618699     6695888         -60              349            405.35       No data available


Coordinate system: UTM/WGS84 Zone 34J


Table 2: Table of intersections reported in this release.


Hole No   Prospect     UTM E     UTM N       Inclination Bearing    Final Depth     From       Width     Cu (%)    Ni (%)    Zn (%)    Ag (g/t)  Au (g/t)  Pt (g/t) Pd (g/t)

OBPD001   B4           563452    6790289     -90         -          557.68          393.00     5.00      1.09                                    0.13
incl                                                                                394.00     1.00      2.34                                    0.29
OBPD001                                                                             405.90     3.68      0.66                                    0.18         
OBPD001                                                                             432.00     8.00      0.49
incl                                                                                434.00     3.00      0.67
OBPD001                                                                             498.45     1.00      2.25                                    0.32

OKD031    K3           618757    6696095     -60         345        227.06          174.73     9.39      0.14                3.41                0.14          
incl                                                                                189.16     4.81      0.14                4.48

OKD032    K6           612662    6694755     -60         79         155.58          123.20     3.90      0.30                7.97        11      0.16          
OKD032                                                                              129.94     2.21      0.70                1.70        36      0.20

OKD033    K3           618720    6696256     -65         350        149.57          108.80     0.70                          2.92                0.30

OJDP054   Jacomynspan  576307    6755837     -60         23         189.94          145.36     6.03      0.31      0.60                          0.19      0.21    0.19
incl                                                                                146.35     1.10      0.69      1.22         
OJDP054                                                                             155.13     1.04      0.09      0.53                                    0.23
OJDP054                                                                             167.42     3.73      0.30      0.64                          0.10      0.45    0.14

OA4D001   Area 4       582153    6754395     -67         215        201.91          70.00     5.00       0.15      0.28


Coordinate system: UTM/WGS84 Zone 34J

                                                                                                                                                                     
Appendix 2: The following tables are provided as a requirement under the JORC Code (2012) requirements for the reporting of Exploration Results for the Namaqua-
Disawell Project: Hartebeestpan (Area 4) and Rok Optel Prospects.

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria                       JORC Code explanation                                                               Commentary

Sampling techniques            •  Nature and quality of sampling (e.g. cut channels, random chips, or specific     • The core from historic holes were sampled in lengths varying from
                                  specialised industry standard measurement tools appropriate to the minerals        0.06m to 2.50m, with a mean of 1.17m. This is appropriate for a
                                  under investigation, such as down hole gamma sondes, or handheld XRF               reconnaissance-level assessment of volcanogenic massive sulphide
                                  instruments, etc.). These examples should not be taken as limiting the broad       deposits.
                                  meaning of sampling.                                                             • No additional details are supplied of the sampling techniques of the
                               •  Include reference to measures taken to ensure sample representivity and            historical drilling presented in the figures and tables in this report and
                                  the appropriate calibration of any measurement tools or systems used.              publicly reported here for this first time. It is assumed that the work
                               •  Aspects of the determination of mineralisation that are Material to the Public     was undertaken according to the ‘industry standards’ of the period.
                                  Report.
                                                                                                                  Current Program
                               •  In cases where ‘industry standard’ work has been done this would be
                                                                                                                   • NQ size cores are cut longitudinally in half and 1 metre sample
                                  relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m
                                                                                                                     lengths were taken. These were varied to honour geological /
                                  samples from which 3 kg was pulverised to produce a 30 g charge for fire
                                                                                                                     mineralisation boundaries.
                                  assay’). In other cases, more explanation may be required, such as where
                                                                                                                   • Sampling carried out under supervision using procedures outlined
                                  there is coarse gold that has inherent sampling problems. Unusual
                                                                                                                     below including industry standard QA/QC.
                                  commodities or mineralisation types (e.g. submarine nodules) may warrant
                                                                                                                   • Samples submitted for analysis to ALS is pulverised in its entirety at
                                  disclosure of detailed information.
                                                                                                                     ALS and split to obtain a 0.2g sample for digestion and analysis.
                                                                                                                   • The samples will be analysed by accredited laboratory ALS Chemex
                                                                                                                     (ALS).

Drilling techniques         •   Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast,   Historic Data
                                auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or            • The historical drilling is presented in the figures and text in this report
                                standard tube, depth of diamond tails, face-sampling bit or other type,              and publicly reported here for this first time.
                                whether core is oriented and if so, by what method, etc.).                        • Diamond core drilling was undertaken.
                                                                                                                  • No details of the drilling companies used.
                                                                                                                  • BQ size core were drilled. The core is not available.
                                                                                                                  • Drill holes were drilled at -45° to -65°.
                                                                                                                  • There is no record of orientated core.
                                                                                                                  Current Program
                                                                                                                  • Diamond core drilling was undertaken.
                                                                                                                  • HQ and NQ size core was drilled.
                                                                                                                  • Drill holes was drilled at -70 and -60 degrees.
                                                                                                                  • Core was not orientated.
Drill sample recovery       •   Method of recording and assessing core and chip sample recoveries and             • The drill cores were fitted together and recovered length was
                                results assessed.                                                                   measured.
                            •   Measures taken to maximise sample recovery and ensure representative              • Core recovery was found to be excellent (>98%) within the
                                nature of the samples.                                                              mineralised zone.
                            •   Whether a relationship exists between sample recovery and grade and               • No information is available on core recovery in the historic data.
                                whether sample bias may have occurred due to preferential loss/gain of
                                fine/coarse material.

Criteria                JORC Code explanation                                                                Commentary

Logging                 • Whether core and chip samples have been geologically and geo-                      •   Core of the entire hole length was geologically logged by qualified
                          technically logged to a level of detail to support appropriate Mineral                 geologists.
                          Resource estimation, mining studies and metallurgical studies.                     •   Geological logging was qualitative and was carried out using a
                        • Whether logging is qualitative or quantitative in nature. Core (or costean,            standard sheet with a set of standard codes to describe lithology,
                          channel, etc.) photography.                                                            structure and mineralisation. The logging sheet allows for free-form
                        • The total length and percentage of the relevant intersections logged.                  description to note any unusual features.
                                                                                                             •   Geological logs were captured electronically.
                                                                                                             •   All cores were photographed before and after sampling.
Sub-sampling            •   If core, whether cut or sawn and whether quarter, half or all core taken.        •   BQ and NQ core cut at core yard and half core taken as sample.
techniques and sample   •   If non-core, whether riffled, tube sampled, rotary split, etc. and whether       •   Samples from percussion pre-collars are collected by spear
preparation                 sampled wet or dry.                                                                  sampling.
                        •   For all sample types, the nature, quality and appropriateness of the sample      •   With core samples, the entire sample length is cut and sampled.
                            preparation technique.                                                           •   Sample preparation is undertaken at ALS Laboratory
                        •   Quality control procedures adopted for all sub-sampling stages to maximise           Johannesburg, an ISO accredited laboratory. ALS utilises industry
                            representivity of samples.                                                           best practise for sample preparation for analysis involving drying
                        •   Measures taken to ensure that the sampling is representative of the in-situ          of samples, crushing to <5mm if required and then pulverising so
                            material collected, including for instance results for field duplicate/second-       that +85% of the sample passes 75 microns.
                            half sampling.                                                                   •   CRM’s, blanks and replicates are inserted every 30 samples and
                        •   Whether sample sizes are appropriate to the grain size of the material being         analysed with each batch.
                            sampled.                                                                         •   Lab supplied CRM’s, blanks and replicates are analysed with
                                                                                                                 each batch.
                                                                                                             •   Specific gravity measurements are made over the full length of
                                                                                                                 each individual sample on split core where possible. Where not
                                                                                                                 possible due to crushed or broken core, a minimum of 80% of the
                                                                                                                 core sample is used. The specific gravity is determined by
                                                                                                                 measuring and subtracting the wet weight from the dry weight
                                                                                                                 using an electronic density scale. Care is taken to clean and zero
                                                                                                                 the scale between each weighing.
                                                                                                             •   The sample is first weighed in air and the weight recorded. The
                                                                                                                 sample is then weighed, while completely submerged in clean
                                                                                                                 water within a measuring beaker. The mass of beaker and water
                                                                                                                 are deducted for net submerged weight and volume
                                                                                                                 displacement read on measuring beaker.
                                                                                                             •   The sample is then removed and placed back into the core tray
                                                                                                                 in the correct position and orientation. The procedure is repeated
                                                                                                                 for each geological sample interval.
                                                                                                             •   The data is recorded in the Specific Gravity Data Sheet. The
                                                                                                                 specific gravity is calculated for each sample using the formula:


                                                                                                             SG =   weight of sample                           
                                                                                                                    (weight of sample in air minus the weight of the sample in water).

Quality of assay data   •  The nature, quality and appropriateness of the assaying and laboratory           • No details are available with respect to laboratory, or quality control
and laboratory tests       procedures used and whether the technique is considered partial or total.          on the historic data.

                                                                                                                                                                               
Criteria                   JORC Code explanation                                                              Commentary
 
                        •  For geophysical tools, spectrometers, handheld XRF instruments, etc., the          • Samples from drilling were submitted to ALS Chemex in
                           parameters used in determining the analysis including instrument make and            Johannesburg. Samples were analysed for base metals using a
                           model, reading times, calibrations factors applied and their derivation, etc.        four acid digest and ICP-OES and for gold by fire assay with AAS
                        •  Nature of quality control procedures adopted (e.g. standards, blanks,                finish.
                           duplicates, external laboratory checks) and whether acceptable levels of           • External quality assurance of the laboratory assays is monitored by
                           accuracy (i.e. lack of bias) and precision have been established.                    the insertion of blanks, duplicates and certified reference
                                                                                                                materials (CRM)
                                                                                                              • Three CRMs are alternated through the sample stream and where
                                                                                                                possible matched to the material being drilled.
                                                                                                              • Two blanks are used (pulp and chips).
                                                                                                              • No external laboratory checks have been carried out at this
                                                                                                                stage.
Verification of sampling   •   The verification of significant intersections by either independent or         • No data is available of any verification of the data or storage of the
and assaying                   alternative company personnel.                                                   historic data.
                           •   The use of twinned holes.                                                      • Orion’s executive geologist is personally supervising the drilling
                           •   Documentation of primary data, data entry procedures, data verification,         and sampling along with a team of experienced geologists.
                               data storage (physical and electronic) protocols.                              • The executive geologist have reviewed the raw laboratory data
                           •   Discuss any adjustment to assay data.                                            and confirmed the calculation of the significant intersections.
Location of data points    •   Accuracy and quality of surveys used to locate drill holes (collar and down-     Historic data
                               hole surveys), trenches, mine workings and other locations used in Mineral     • The drill holes are indicated on the geological maps.
                               Resource estimation.                                                           • The collars have been located in the field and surveyed using a
                           •   Specification of the grid system used.                                           handheld Garmin GPS.
                           •   Quality and adequacy of topographic control.                                   • The data are recorded using the WGS84 datum, UTM Zone 34S.
                                                                                                              • Downhole positions were surveyed using a Sperry-Sun instrument.
                                                                                                                Data was used to plot the holes on available sections. The recorded
                                                                                                                data is not available.

                                                                                                              Current program
                                                                                                              • Collar positions of the holes were surveyed using a hand-held
                                                                                                                Garmin GPS.
                                                                                                              • The data are recorded using the WGS84 datum, UTM Zone 34S.

Data spacing and           •   Data- spacing for reporting of Exploration Results.                            Historic data
distribution               •   Whether the data-spacing and distribution is sufficient to establish the       • At K3 the drill holes were drilled on sections spaced 200m apart over
                               degree of geological and grade continuity appropriate for the Mineral            a strike distance off 400m. Hole spacing were at 160m on the
                               Resource and Ore Reserve estimation procedure(s) and classifications             sections and two infill holes were drilled.
                               applied.                                                                       • At K6 holes were drilled on section lines 100m apart with hole
                           •   Whether sample compositing has been applied.                                     spacing 60m to 120m on the section lines.
                                                                                                              • Data spacing is insufficient to establish a Mineral Resource.
                                                                                                              • No sample compositing was done.
                                                                                                                Current program
                                                                                                              • Not applicable. Drill holes were designed to verify historic results
                                                                                                                and not aimed at Resource estimations.




                                                                                                                                                                              
Criteria                    JORC Code explanation                                                                 Commentary

Orientation of data in      • Whether the orientation of sampling achieves unbiased sampling of possible          • At K3 the stratigraphy dips steeply to the south. Drilling was
relation to geological        structures and the extent to which this is known, considering the deposit             undertaken from the south to intersect at a reasonable angle to dip.
structure                     type.                                                                               • At K6 the stratigraphy dips steeply to the west. Drilling was
                            • If the relationship between the drilling orientation and the orientation of key       undertaken from the west to intersect at a reasonable angle to dip.
                              mineralised structures is considered to have introduced a sampling bias, this       • At Kantienpan the mineralisation dips steeply easterly and drilling
                              should be assessed and reported if material.                                          was undertaken from the east to intersect at a reasonable ngle to
                                                                                                                    dip.
                                                                                                                  • At Boksputs and Area 4 the drilling was guided by the orientation of
                                                                                                                    the modelled EM plates and drill holes were designed to ensure
                                                                                                                    intersections with the modelled plates.
                                                                                                                  • At Jacomynspan, mineralisation dips steeply south and drilling was
                                                                                                                    carried out from the south to intersect the intrusive body at a
                                                                                                                    reasonable angle.
Sample security             •   The measures taken to ensure sample security.                                     • No data is available on the measures taken to ensure sample
                                                                                                                    security for the historic programs.
                                                                                                                  • Chain of custody is managed by the Company. Samples were
                                                                                                                    stored on site in a secure locked building and then freighted directly
                                                                                                                    to the lab.
Audits or reviews           •   The results of any audits or reviews of sampling techniques and data.             • No audits or reviews is known to have been carried out.



Section 2 Reporting of Exploration Results


(Criteria listed in the preceding section also apply to this section.)

Criteria                       JORC Code explanation                                                              Commentary

Mineral tenement and           • Type, reference name/number, location and ownership including                    • PCZM, formerly Repli Trading No 27 (Pty) Ltd, holds the prospecting
land tenure status               agreements or material issues with third parties such as joint ventures,           rights, namely NC 30/5/1/2/11840, over Dooniespan 106 Portion 3
                                 partnerships, overriding royalties, native title interests, historical sites,      for the prospecting of Copper, Zinc, Lead, Gold, Silver, Cobalt,
                                 wilderness or national park and environmental settings.                            Sulphur in pyrite, Barytes, Limestone, Sulphur and Molybdenum.
                               • The security of the tenure held at the time of reporting along with any known    • No historical or environmental impediments to obtaining an
                                 impediments to obtaining a licence to operate in the area.                         operating licence are known.
Exploration done by            • Acknowledgment and appraisal of exploration by other parties.                    • On Dooniespan 206 Portion 3 exploration has been undertaken by
other parties                                                                                                       Newmont SA during the late 1970’s to early 1980’s. Only part of the
                                                                                                                    data is available. Twenty-nine diamond drill holes were drilled on
                                                                                                                    four prospects. Geological mapping, IP, gravity and EM surveys
                                                                                                                    were conducted over selected areas. Soil sampling were
                                                                                                                    conducted on a regional grid with follow-up detail surveys over
                                                                                                                    selected areas. Prieska Copper Mines evaluated the Newmont
                                                                                                                    data and did a high level economic appraisal.
                                                                                                                                                                                  

Geology                  • Deposit type, geological setting and style of mineralisation.                           • The Kielder mineralisation occurs as stratabound massive sulphide
                                                                                                                     lenses within a folded sequence of granulite grade quartzo-
                                                                                                                     feldspathic gneiss, basic granulite and amphibolite. Three massive
                                                                                                                     sulphide lenses consisting of pyrite pyhrrotite, sphalerite,
                                                                                                                     chalcopyrite, and galena with gangue minerals consisting of
                                                                                                                     baryte, chlorite, phlogopite, apatite, tourmaline and quartz is
                                                                                                                     known to exist on the property. The mineralisation is classified as
                                                                                                                     volcanogenic massive sulphide type deposits.
Drill hole Information   •   A summary of all information material to the understanding of the                     • Appendix 1, Table 1 lists all the historical intersections and drilling
                             exploration results including a tabulation of the following information for all         data available at Kielder.
                             Material drill holes:
                             o easting and northing of the drill hole collar
                             o elevation or RL (Reduced Level – elevation above sea level in metres) of
                                   the drill hole collar
                             o dip and azimuth of the hole
                             o down hole length and interception depth
                             o hole length.
                         •   If the exclusion of this information is justified on the basis that the information
                             is not Material and this exclusion does not detract from the understanding of
                             the report, the Competent Person should clearly explain why this is the case.

Data aggregation         •   In reporting Exploration Results, weighting averaging techniques, maximum             • Average was done weighting the samples by sample length.
methods                      and/or minimum grade truncations (e.g. cutting of high grades) and cut-off              Density values are not available.
                             grades are usually Material and should be stated.                                     • A 1% Zn cut-off was applied.
                         •   Where aggregate intercepts incorporate short lengths of high grade results
                             and longer lengths of low grade results, the procedure used for such
                             aggregation should be stated and some typical examples of such
                             aggregations should be shown in detail.
                         •   The assumptions used for any reporting of metal equivalent values should be
                             clearly stated.

Relationship between     •   These relationships are particularly important in the reporting of Exploration        • All drill holes were inclined as to intersect the mineralised horizons as
mineralisation widths        Results.                                                                                close to 900 as possible and the intersection width as close to the
and intercept lengths    •   If the geometry of the mineralisation with respect to the drill hole angle is           true width as possible.
                             known, its nature should be reported.                                                 • Where down hole lengths are reported it is stated in the report.
                         •   If it is not known and only the down hole lengths are reported, there should
                             be a clear statement to this effect (e.g. ‘down hole length, true width not
                             known’).

Diagrams                 •   Appropriate maps and sections (with scales) and tabulations of intercepts             • Not material for this report. Plans with drill hole collars are provided
                             should be included for any significant discovery being reported. These                  within the text. Historical results are tabulated in Appendix 1, Table
                             should include, but not be limited to a plan view of drill hole collar locations        1.
                             and appropriate sectional views.

Balanced reporting       •   Where comprehensive reporting of all Exploration Results is not practicable,          • In the Competent Person’s view, the historic drill results and the
                             representative reporting of both low and high grades and/or widths should               geophysical targets are presented in a balanced manner for the
                             be practiced to avoid misleading reporting of Exploration Results.                      purpose of this Public Report.                                                                                                                                                                                     

Other substantive        •   Other exploration data, if meaningful and material, should be reported                • Extensive geology mapping, geochemical sampling, and airborne
exploration data             including (but not limited to): geological observations; geophysical survey             and ground geophysical programs were undertaken by previous
                             results; geochemical survey results; bulk samples – size and method of                  explorers, using the equipment and methods available at that time.
                             treatment; metallurgical test results; bulk density, groundwater, geotechnical          These geophysical data are not all available, and mainly comprises
                             and rock characteristics; potential deleterious or contaminating substances.            plans without the back-up information to verify the data validity.
                                                                                                                     The new geophysical exploration, using modern technology,
                                                                                                                     supersedes all previous geophysics. The geology mapping remains
                                                                                                                     valid and has been digitally captured. The geochemical data have
                                                                                                                     been captured from the original plans and used where
                                                                                                                     appropriate.
                                                                                                                   • In 2018, Orion undertook a regional SkyTEMTM geophysical survey
                                                                                                                     over the area. The results are reported in ASX releases 16 January
                                                                                                                     2019 and 8 March 2018. Interpretation of the results is ongoing.
Further work        •       The nature and scale of planned further work (e.g. tests for lateral extensions        • Sampling and assaying of samples will be the next step.
                            or depth extensions or large-scale step-out drilling).
                    •       Diagrams clearly highlighting the areas of possible extensions, including the
                            main geological interpretations and future drilling areas, provided this
                            information is not commercially sensitive.




                                                                                                                                                                       

Date: 25-01-2021 09:01:00
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