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First Assays from Ayoba Satellite VMS Discovery and Preliminary Airborne EM Data, Confirm Excellent Near-Mine Potent
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
(“Orion” or “the Company”)
First Assays from Ayoba Satellite VMS Discovery and Preliminary Airborne EM Data, Confirm Excellent Near-Mine
Potential at Prieska Zinc-Copper Project
9.50m of massive sulphide mineralisation grading 0.93% Zn and 0.63% Cu, including 1.50m at 4.98% Zn
and 0.89% Cu, intersected at the Ayoba Prospect.
The Ayoba discovery intersection was drilled 5.3km south-west of the Prieska Zinc-Copper Project and
2km west of Annex, which returned a historical best drill result of 4.28m at 0.34% Zn and 2.88% Cu.
The mineralisation and associated alteration, which has been confirmed by an up-dip intercept in a
subsequent deflection (wedge) hole of 7.13m grading 1.44% Zn and 0.66% Cu, are typical of Volcanogenic
Massive Sulphide (VMS) deposits.
The discovery validates Orion’s expectation that there is excellent potential to discover a cluster of VMS
deposits around the Prieska Project.
A 148km2 high-power SkyTEMTM airborne EM survey completed on the near-mine target area.
Final processing and interpretation of the SkyTEMTM data is currently in progress, with an initial review
by expert geophysical consultants revealing multiple AEM anomalies.
Orion’s Managing Director and CEO, Errol Smart, commented:
“We now have confirmation via analytical results of a new VMS discovery in a completely new satellite position
at the Ayoba Prospect, just 5.3km from the main Prieska Resource. This is the first new VMS discovery in the
Areachap Belt in over 36 years and highlights the enormous upside over and above the large, high-quality
Mineral Resource we have already defined. The early success of our near-mine exploration program validates
our exploration approach at Prieska, which is based on the application of modern geophysical techniques to
unlock the potential of this emerging VMS camp.
Our focus is on bringing Prieska into production as quickly as possible, based on the parameters outlined in the
positive Scoping Study released in December 2018. The Bankable Feasibility Study is already well advanced and
on track to be completed in Q2 2019. While our engineering and development team is focusing on the delivery
of the Project, our exploration team will pursue the multiple emerging opportunities on the exploration front –
establishing a growth pipeline that can leverage off the infrastructure we build at Prieska.”
Orion Minerals Limited (ASX/JSE: ORN) (Orion or Company) is pleased to announce that analytical results have
confirmed the discovery of a new VMS zinc-copper-bearing massive sulphide body at the Ayoba Prospect,
located just 5.3km south-west of the Company’s flagship Prieska Zinc-Copper Project (Prieska Project or Prieska
Deposit) in the northern Cape region of South Africa.
The discovery comes as Orion’s near-mine exploration program continues to ramp up, with the recent
completion of a helicopter-borne magnetic and electro-magnetic survey (AEM or SkyTEMTM) over the
Prospecting Rights of Repli, Doonies Pan (Repli), Vardocube and Bartorax areas on 9 December 2018 (Figures 3
and 4).
The Ayoba discovery hole, OAXD002, was drilled 3.5km south of the Prieska Project’s Hutchings Shaft and the
Prieska Mineral Resource of 30Mt @ 3.7% Zn and 1.2% Cu (refer ASX release 15 January 2019)1. It is both the first
exploration hole to be drilled as part of the Company’s near-mine exploration project and the first hole to test
for new mineralisation surrounding the historical Prieska Copper Mine in more than 36 years (Figures 1 and 2).
Historical exploration in the area stopped prematurely after the discovery of the Annex Deposit 1.6km to the east,
with a best intersection of 4.28m at 0.34% Zn and 2.88% Cu in hole VAX26 drilled in 1979 (refer ASX release 18
September 2018).
Ayoba Target Drilling
Diamond drill hole OAXD002 tested a fixed-loop electro magnetic plate (FLEM) (refer ASX release 28 November
2018) and intersected 9.50m of massive sulphide mineralisation at 0.93% Zn, 0.63% Cu, 0.22g/t Au and 2g/t Ag
from a down-hole depth of 654.00m (Figures 1 and 2 and Table 1). This mineralisation includes a high-grade zone
of 1.5m grading 4.98% Zn, 0.89% Cu, 0.26% Au and 3g/t Ag from a down-hole depth of 654.50m (Figure 2).
Diamond drill hole OAXD002_D1, a deflection (wedge hole) drilled from OAXD002, has confirmed the massive
sulphide mineralisation up-dip of OAXD002. The hole intersected 7.13m of massive sulphide mineralisation at
1.44% Zn, 0.66% Cu, 0.34g/t Au and 2g/t Ag from a down-hole depth of 654.87m (Figure 2 and Table 1). This
intersection included a high-grade interval of 0.88m at 11.20% Zn, 0.89% Cu, 0.35g/t Au and 4g/t Ag, from a
down-hole depth of 654.87m (Figure 2), which correlates with the zone of high-grade zinc intersected in
OAXD002.
East North From To Length Cu Zn Au Ag
Drill hole
UTM 34 SOUTH UTM 34 SOUTH (m) (m) (m) (%) (%) (g/t) (g/t)
622130 6681090 654.00 663.50 9.50 0.63 0.93 0.22 2
OAXD002
Incl. 654.50 656.00 1.50 0.89 4.98 0.26 3
654.87 662.00 7.13 0.66 1.44 0.34 2
OAXD002_D1
Incl. 654.87 655.75 0.88 0.89 11.20 0.35 4
1. All intersections quoted are based on a minimum width of 0.8m and lower cut-off grade of 1% (Zn% + (2 X Cu%)). No top-
cut has been applied.
2. The quoted average grades are length and density weighted (Appendix 1).
3. All intercept lengths are down-hole lengths.
Table 1: Intersections reported from the Ayoba discovery.
The current structural interpretation shows that the newly-discovered mineralisation, as well as the Annex and
Prieska Deposits, all occur on the same stratigraphic horizon (Figure 1). This conforms to Orion’s exploration model
of VMS deposits clustering around giant VMS deposits like the Prieska Deposit, to form VMS camps.
The intersections of narrow high-grade zinc mineralisation in a capsule of pyrite-dominant sulphide with low base
metal, zinc-dominant content are characteristic of distal mineralisation (distant from the vent) in a VMS cell.
Importantly, the very thick accumulation of massive sulphides in a distal zone indicates the presence of a high-
volume VMS vent and presents the opportunity to vector in to thick zones of high-grade base metal sulphides
closer to the vent.
The nearby Annex VMS lens, located 1,600m to the east (refer ASX release 18 September 2018), yielded peak drill
results of 4.28m at 0.34% Zn and 2.88% Cu (hole VAX26), with the copper-dominant mineralisation intersected
typical of an intersection more proximal to a vent in that cell. Annex and Ayoba are interpreted to be two cells
within a sub-cluster, close to the large Prieska VMS Deposit.
Mineral Resource reported in ASX release of 15 January 2019: “Prieska Mineral Resource Exceeds 30Mt @ 3.7%Zn and 1.2% Cu following updated open pit
Resource” available to the public on www.orionminerals.com.au/investors/market-news. Competent Person Orion’s exploration: Mr. Pottie Potgieter. Orion is not
aware of any new information or data that materially affects the information included above. Orion confirms that the form and context in which the Competent
Person’s findings are presented here have not materially changed.
The modelled FLEM conductor at Ayoba, tested by holes OAXD002 and OAXD002_D1, has a strike length of 1.1km
and extends down-dip to at least 800m below surface and the vertical depth to the top of the conductor is 500m
(Figures 1 and 2).
Beyond this conductor, the key stratigraphic horizon remains untested by geophysics or drilling for a further 1km
along strike to the western tenement boundary (Figure 2). Approximately 1km west-northwest of the Ayoba FLEM
anomaly, the newly acquired magnetic data from the SkyTEM TM survey (see below) has identified a fold closure
in the target stratigraphy.
Duplication of the target stratigraphy in the fold closure offers an excellent target for follow-up and the ground
electro magnetic (EM) survey will be extended to cover this fold closure (Figure 3).
Additional FLEM surveys and drilling are planned to explore the lateral and depth extensions of the mineralisation.
Figure 1: Geology map of the Copperton area showing the location of the Prieska Deposit, Annex Deposit and the Ayoba Target.
Figure 2: Section through holes OAXD002 and OAXD002_D1 showing the mineralisation intersected.
Figure 3: Geological map interpreted from the newly acquired aeromagnetic data showing Annex, the Ayoba FLEM conductor and the fold
closure target to the west-northwest.
SkyTEMTM Survey
A SkyTEMTM survey (refer ASX release 3 December 2018) completed on 9 December 2018, covered an area of
146.78km2 over the Repli, Repli (Doonies Pan), Vardocube and Bartotrax Prospecting permits (Figure 4). The
survey was flown with the highly innovative SkyTEM TM 312 high-power technology for deep target imaging. This
high-power system, with a peak moment up to 1,000,000 NIA, is optimised to provide an exceptional depth of
investigation, due to the high moment mode with high current and low base frequency of 12.5 Hz.
Several AEM anomalies were identified during a preliminary review of the data by Orion’s Perth-based
geophysical consultants, Southern Geoscience Consultants (Figure 5). Due to the high level of noise from the
Prieska Mine infrastructure, tailings dam, pipelines, Eskom sub-station, solar power plant and power lines, the data
requires extensive processing to mask the cultural feature noise in order to detect the subtle geological source
conductors being targeted.
The preliminary results of the AEM data show subdued AEM response over both the main Prieska Deposit, where
cultural features provide a high noise effect and the Ayoba Target. Modelling of the FLEM data at Ayoba showed
a conductor with a low conductance of 100S to 150S (Siemens) correlating well with the intersected
mineralisation, which is pyrite-dominated, with minor pyrrhotite that is unlikely to yield strong conductance (refer
ASX release 28 November 2018).
Final processing of the data is in progress and is expected by the end of January 2019. Following final processing
of the data, the next step will be to prioritise the AEM anomalies by:
• Integration with existing geological data;
• Reinterpretation of the regional geology aided by the newly acquired magnetic data; and
• Detailed field mapping to confirm the geological setting taking into account the characteristics of VMS
deposits, including, spatial association with the paleo-seafloor, presence of alteration and structural
setting.
In addition to the AEM data, the accompanying magnetic data will significantly improve the Company’s
understanding of the geology and structure in this area of poor outcrop.
Figure 4: Plan showing the flight lines of the SkyTEMTM survey over the Repli, Repli (Doonies Pan), Vardocube and Bartotrax Prospecting Right
areas.
Figure 5: Preliminary results of SkyTEMTM survey showing CH30Z response and location of known deposits at Prieska, Annex, Doonies Pan (K1, 3
and 6) and the Ayoba discovery.
Errol Smart
Managing Director and CEO
16 January 2019
ENQUIRIES
Investors Media JSE Sponsor
Errol Smart – Managing Nicholas Read Barnaby Hayward Rick Irving
Director & CEO
Denis Waddell – Chairman Read Corporate, Australia Tavistock, UK Merchantec Capital
T: +61 (0) 3 8080 7170 T: +61 (0) 419 929 046 T: +44 (0) 787 955 1355 T: +27 (0) 11 325 6363
E: info@orionminerals.com.au E: nicholas@readcorporate.com.au E: orion@tavistock.co.uk E: rick@merchantec.co.za
Suite 617, 530 Little Collins Street
Melbourne, VIC, 3000
Competent Person’s Statement
The information in this report that relates to Exploration Results is based on information compiled by Mr JE Potgieter
(Pr.Sci.Nat.), a Competent Person who is a member of the South African Council for Natural Scientific Professionals, a
Recognised Professional Organisation (RPO). Mr Potgieter is a full-time employee of Orion. Mr Potgieter 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 JORC Code. Mr Potgoeter consents to the
inclusion in this announcement 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: The following tables are provided in accordance with the JORC Code (2012) requirements for the reporting of Exploration Results for the
Ayoba Target.
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 • Diamond core is cut at the core yard and half core is taken as the
specific specialised industry standard measurement tools appropriate sample.
to the minerals under investigation, such as down hole gamma sondes, • The core is sampled at 1m intervals where possible with sample lengths
or handheld XRF instruments, etc.). These examples should not be adjusted to ensure samples do not cross geological boundaries or other
taken as limiting the broad meaning of sampling. features.
• Include reference to measures taken to ensure sample representivity • Mineralised zones are drilled using core drilling.
and the appropriate calibration of any measurement tools or systems • Sampling is carried out under supervision of a qualified geologist using
used. procedures outlined below including industry standard QA/QC.
• Aspects of the determination of mineralisation that are Material to the • Samples submitted for analysis to ALS Chemex (Pty) Ltd (ALS) are
Public Report. pulverised in its entirety at ALS and split to obtain a 0.2g sample for
• In cases where ‘industry standard’ work has been done this would be digestion and analysis.
relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1
m samples from which 3 kg was pulverised to produce a 30 g charge
for fire assay’). In other cases more explanation may be required, such
as where there is coarse gold that has inherent sampling problems.
Unusual commodities or mineralisation types (e.g. submarine nodules)
may warrant disclosure of detailed information.
Drilling techniques • Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air • Diamond core drilling using NQ sized core.
blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple • In the near-surface weathered zone HQ core is drilled.
or standard tube, depth of diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by what method, etc.).
Drill sample recovery • Method of recording and assessing core and chip sample recoveries • All mineralised intersections are done with core drilling.
and results assessed. • Core stick-ups reflecting the depth of the drill hole are recorded at the
• Measures taken to maximise sample recovery and ensure rig at the end of each core run.
representative nature of the samples. • A block with the depth of the hole written on it is placed in the core box
• Whether a relationship exists between sample recovery and grade at the end of each run.
and whether sample bias may have occurred due to preferential • At the core yard, the length of core in the core box is measured for
loss/gain of fine/coarse material. each run. The measured length of core is subtracted from the length of
the run as recorded from the stick-up measured at the rig to determine
the core lost.
• No sampling bias due to core loss. Core recovery in all the mineralised
intersections are excellent.
Criteria JORC Code explanation Commentary
Logging • Whether core and chip samples have been geologically and • Core of the entire hole length was geologically logged and recorded
geotechnically logged to a level of detail to support appropriate on standardised log sheets by qualified geologists.
Mineral Resource estimation, mining studies and metallurgical studies. • Qualitative logging of colour, grain size, weathering, structural fabric,
• Whether logging is qualitative or quantitative in nature. Core (or lithology, alteration type and sulphide mineralogy carried out.
costean, channel, etc.) photography. • The geological and geotechnical logging are at a level of detail to
• The total length and percentage of the relevant intersections logged. support appropriate Mineral Resource estimation.
• Quantitative estimate of sulphide mineralogy.
• Logs are recorded at the core yard and entered into digital templates
at the project office.
Sub-sampling • If core, whether cut or sawn and whether quarter, half or all core • NQ core cut at core yard and half core taken as sample.
techniques and taken. • The entire sample length was cut and sampled.
sample preparation • If non-core, whether riffled, tube sampled, rotary split, etc. and • Sample preparation was undertaken at ALS an ISO accredited
whether sampled wet or dry. laboratory. ALS utilises industry best practise for sample preparation for
• For all sample types, the nature, quality and appropriateness of the analysis, involving drying of samples, crushing to crushing to <5mm if
sample preparation technique. required and then pulverising so that +85% of the sample passes 75
• Quality control procedures adopted for all sub-sampling stages to microns.
maximise representivity of samples. • Sample sizes are appropriate to the grain size of the material sampled.
• Measures taken to ensure that the sampling is representative of the in-
situ material collected, including for instance results for field
duplicate/second-half sampling.
• Whether sample sizes are appropriate to the grain size of the material
being sampled.
Quality of assay data • The nature, quality and appropriateness of the assaying and • Samples were submitted to ALS and analysed for base metals, Au and
and laboratory tests laboratory procedures used and whether the technique is considered Ag. Analysis was by the Inductively Coupled Plasma and Optical
partial or total. Emission Spectroscopy ("ICP-OES") methodology. An Aqua-regia digest
• For geophysical tools, spectrometers, handheld XRF instruments, etc., was used.
the parameters used in determining the analysis including instrument • Certified Reference Material (CRM), blanks and field duplicates were
make and model, reading times, calibrations factors applied and their inserted and analysed with each batch.
derivation, etc. • ALS has its own internal QC protocols which include CRMs (5%), blanks
• Nature of quality control procedures adopted (e.g. standards, blanks, (2.5%) and duplicates (2.5%).
duplicates, external laboratory checks) and whether acceptable • CRM samples showed high accuracy and tight precision.
levels of accuracy (i.e. lack of bias) and precision have been • Blank samples indicated no contamination, within the pre-determined
established. thresholds, during the sample preparation process.
Verification of • The verification of significant intersections by either independent or • Orion’s Geology Manager is personally supervising the drilling and
sampling and alternative company personnel. sampling along with a team of experienced geologists.
assaying • The use of twinned holes. • Data entry from the primary hard copies was done on Excel
• Documentation of primary data, data entry procedures, data spreadsheets by the geologists logging the core. The data was then
verification, data storage (physical and electronic) protocols. imported in to to a secure Geobank database by the geologist
• Discuss any adjustment to assay data. responsible for the database. Validation of the data is done during
importing into the Geobank database by running queries.
Criteria JORC Code explanation Commentary
• No adjustments have been made to the assay data.
Location of data points • Accuracy and quality of surveys used to locate drill holes (collar and • Drill hole collar positions are laid out using a handheld GPS.
down-hole surveys), trenches, mine workings and other locations used • Drilling collars are surveyed by a qualified surveyor using a Trimble R8
in Mineral Resource estimation. differential GPS.
• Specification of the grid system used. • Down hole surveys were completed using a North-Seeking Gyro
• Quality and adequacy of topographic control. instrument.
• All survey data is in the WGS84 ellipsoid in the WG23 Zone with the
Hartebeeshoek 1994 Datum. The coordinates are also supplied in Clarke
1880 and in UTM WGS84 Zone 34 (Southern Hemisphere).
Data spacing and • Data spacing for reporting of Exploration Results. • Not applicable as current hole is the first drilled at the target area.
distribution • Whether the data spacing and distribution is sufficient to establish the • No sample compositing was applied.
degree of geological and grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation procedure(s) and classifications
applied.
• Whether sample compositing has been applied.
Orientation of data in • Whether the orientation of sampling achieves unbiased sampling of • Drilling was oriented perpendicular to the anticipated attitude of the
relation to geological possible structures and the extent to which this is known, considering mineralisation.
structure the deposit type. • The geometry of the mineralisation can not yet be determined, and the
• If the relationship between the drilling orientation and the orientation effect of drill angle is not known.
of key mineralised structures is considered to have introduced a
sampling bias, this should be assessed and reported if material.
Sample security • The measures taken to ensure sample security. • Chain of custody is managed throughout, and the policy managed
through an appropriate SOP. Samples are stored on site in a secure
locked building and then freighted directly to the laboratory.
Audits or reviews • The results of any audits or reviews of sampling techniques and data. • No review conducted.
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 • The Prospecting Right is held by Bartotrax (Pty) Ltd, which is a subsidiary
land tenure status agreements or material issues with third parties such as joint ventures, of Orion.
partnerships, overriding royalties, native title interests, historical sites,
wilderness or national park and environmental settings.
• The security of the tenure held at the time of reporting along with any
known impediments to obtaining a licence to operate in the area.
Criteria JORC Code explanation Commentary
Exploration done by • Acknowledgment and appraisal of exploration by other parties. • Anglovaal conducted an airborne EM survey in 1969 followed up by
other parties ground magnetic and EM surveys and geological mapping.
• The Ayoba mineralisation was not detected by the Anglovaal work.
Geology • Deposit type, geological setting and style of mineralisation. • The Ayoba mineralisation is of Volcanogenic Massive Sulphide (VMS)
type and is situated in the southernmost exposures of the north-
northwest trending Kakamas Terrain, which forms part of the Mid-
Proterozoic Namaqualand Metamorphic Complex.
• The mineralisation is hosted by the Copperton Formation of the
Areachap Group which hosts several VMS deposits such as the Prieska,
Areachap, Boksputs, Kantien Pan, Kielder and Annex deposits.
Drill hole Information • A summary of all information material to the understanding of the • Drill hole collar coordinates, elevation, inclination and azimuth, down
exploration results including a tabulation of the following information hole length, interception depth and hole length are shown in Table 1A.
for all 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, • Significant intersections for the Ayoba Target reported to the ASX are
methods maximum and/or minimum grade truncations (e.g. cutting of high calculated by average of assays result > 1.0% Zn Eq and weighted by
grades) and cut-off grades are usually Material and should be stated. the sample width and specific gravity of each sample.
• Where aggregate intercepts incorporate short lengths of high grade • In general, the significant intersections correspond strongly to geological
results and longer lengths of low grade results, the procedure used for boundaries (massive sulphides) and are clearly distinguishable from
such aggregation should be stated and some typical examples of country rock / surrounding samples.
such aggregations should be shown in detail. • No truncations have been applied.
• The assumptions used for any reporting of metal equivalent values • No metal equivalent values were considered.
should be clearly stated. • Significant intersections are shown in Table 2A.
Relationship between • These relationships are particularly important in the reporting of • All intersection widths quoted are down hole widths.
mineralisation widths Exploration Results. • OAXD002 intersected the mineralisation at high angle to the attitude of
• If the geometry of the mineralisation with respect to the drill hole angle the mineralisation.
and intercept lengths is known, its nature should be reported.
• 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’).
Criteria JORC Code explanation Commentary
Diagrams • Appropriate maps and sections (with scales) and tabulations of • Appropriate diagrams (plans and section) are shown in Figures 1 to 3 of
intercepts should be included for any significant discovery being the report.
reported. These should include, but not be limited to a plan view of drill • Drill hole intersections are shown in Table 2A.
hole collar locations and appropriate sectional views.
Balanced reporting • Where comprehensive reporting of all Exploration Results is not • Drill hole results referred to in the release are listed in Table 2A.
practicable, representative reporting of both low and high grades • The Company has presented all available information in this report in a
and/or widths should be practiced to avoid misleading reporting of balanced manner and has provided appropriate context for the
Exploration Results. Exploration Results to allow a considered and balanced judgement of
their significance.
Other substantive • Other exploration data, if meaningful and material, should be reported • Hardcopy maps of geological mapping, airborne EM and airborne
exploration data including (but not limited to): geological observations; geophysical magnetics are available for the Ayoba Target. All available exploration
survey results; geochemical survey results; bulk samples – size and data has been viewed by the Competent Person.
method of treatment; metallurgical test results; bulk density,
groundwater, geotechnical and rock characteristics; potential
deleterious or contaminating substances.
Further work • The nature and scale of planned further work (e.g. tests for lateral • Further drilling and geophysical surveys are planned to follow the lateral
extensions or depth extensions or large-scale step-out drilling). and depth extension of the mineralisation intersected at Ayoba Target.
• Diagrams clearly highlighting the areas of possible extensions, including
the main geological interpretations and future drilling areas, provided
this information is not commercially sensitive.
Section 2-1 Summary of sampling results presented.
Table 1A: Drill hole information for the Ayoba Target.
Easting Northing RL Hole
Hole ID Dip Azimuth Drill type Company
(UTM 34 South) (UTM 34 South) (amsl) length
OAXD002 622130 6681090 1055 750.75 -73º 26º Diamond Orion
1. A deflection for an additional intersection was drilled from holes OAXD002, it is however not possible to include its coordinates and depth detail in this Table.
The assay results of this deflection are included in Table 2A.
2. Drill holes were surveyed with a north-seeking Gyro Smart instrument.
Table 2A: Drill hole intersections for the Ayoba Target.
Down hole Depth (m) Intersection Easting Northing RL
Hole Number Cu % Zn % Au g/t Ag g/t
width (m) (UTM 34 South) (UTM 34 South) (amsl)
From To
OAXD002 654.00 663.50 9.50 0.63 0.93 0.22 2 622240 6681290 9611
Incl. 654.50 656.00 1.50 0.89 4.98 0.26 3
OAXD002_D1 654.87 662.00 7.13 0.66 1.44 0.34 2 622242 6681294 9611
Incl. 654.87 655.75 0.88 0.89 11.20 0.35 4
1. Cut-off used for intersections = 1% (Zn%+(2XCu%)).
Date: 16/01/2019 08:57:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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