Wrap Text
Geological interpretation of historic exploration data puts spotlight on high priority targets at Okiep Copper
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
Geological interpretation of historic exploration data puts spotlight on high priority targets at the
Okiep Copper Project
Target generation on the Okiep Project delivering high-priority drill targets
- Due diligence work at the Okiep Copper Project has defined high priority drill targets on the Carolusberg
Koperberg line.
- The Carolusberg – Koperberg line was first discovered in 1680 and subsequent workings have been
intermittently mined from 1850-2001.
- The Carolusberg – Koperberg workings contributed approximately 35% of the total post World War II
production of 105Mt of copper ore produced by the O’Okiep Copper Company (OCC).
- Newmont and subsequently Goldfields, who were the owners of OCC, undertook extensive drilling and
geological mapping during their tenure.
- Paper records of the historic exploration have now been digitised and are being modelled by Orion.
Orion’s Managing Director and CEO, Errol Smart, commented on the results:
“Our geological team at OCP continue to unpack huge value from the historic data that we have secured.
Using modern 3D GIS modelling, we are able to get a better understanding of the geological controls which
assist in identifying high priority targets for drill testing.
“We have already demonstrated that the high-quality data allows us to fast-track the re-estimation of resources
using historic drill data with a Mineral Resource of 11.5Mt @ 1.4% Cu already reported in accordance with JORC
2012 (refer ASX / JSE release 29 March 2021). This Resource was confirmed within three months of securing options
on the mineral rights and the historic data. Resource estimation work is continuing under the guidance of Mr Paul
Matthews, who has joined Orion as Group Mineral Resource Manager.
“I am particularly thrilled to be working with Paul again, as he was a key member of the contracted team that
helped us identify the early potential at Prieska. Paul’s early resource estimates for Prieska, back in 2015, have
proved to be accurate after extensive follow up drilling and resource estimation. Paul is a very experienced
Mineral Resource Manager and has joined us full time.
“Our attention at OCP is now turning to identifying high-quality targets for undiscovered high-grade deposits
such as those historically discovered in the Okiep district including the Okiep Mine (that gave the district its name)
which yielded 907,000 tonnes of sulphide ore at 21% copper, and Nababeeb South which yielded 816,000 tonnes
at 5.5% copper. We are focusing on similar geological settings to that of Okiep and Nababeeb South and have
identified high-priority targets to be tested on the BCC property which is currently under option to Orion.
“These high-grade deposits are usually found in pipes or blows and have very small dimensions of 150m - 250m
diameter and were easily missed by historic wide-spaced drilling.”
Okiep Copper Project
Orion Minerals Limited (ASX/JSE: ORN) (Orion or Company) is pleased to advise that it has identified new high-
priority drill targets on the Carolusberg – Koperberg complex that form part of the Okiep Copper Project (OCP),
located 570km north of Cape Town in the Northern Cape Province of South Africa. The Carolusberg – Koperberg
Complex is situated 20km southeast of the Flat Mine Complex that hosts the current OCP Mineral Resources base
of 11.5Mt at 1.4% Cu for 159,000 tonnes of contained copper (refer ASX / JSE release 29 March 2021) (Figure 1).
The targets were identified during ongoing due diligence investigations being undertaken by Orion on the
extensive database recently secured (refer ASX / JSE release 15 February 2021).
Figure 1: Locality map showing the Carolusberg – Koperberg and Flat Mine Complexes.
The following targets are currently being prioritised for exploration follow-up:
Koperberg – Carolusberg (Bulletrap PR)
• Shallow, potentially open pit targets (1, 2 and 3 on Figures 3 and 4) defined by:
o basic rock type outcrops with visible copper oxide mineralisation (Figure 2); and
o targets above historical mined areas not tested by historic drill holes.
• Deeper underground targets (4, 5 and 6 on Figures 3 and 4) defined by:
o the upper and lower contacts of the favourable Springbok Quartzite / Schist horizon along the
Koperberg – Carolusberg line of mafic intrusions (refer ASX / JSE release 2 February 2021). This is
the same geology as Okiep, Nababeeb South and Carolusberg Deeps;
o a large undrilled area above drill intercepts (Appendix 1, Table 2) located immediately west of
Carolusberg Deep; and
o a large untested area adjacent to drill intercepts (Appendix 1, Table 2) located east of
Carolusberg Deep and below Carolusberg East.
In addition, the line of mafic bodies extending west – southwest and east – northeast from the Koperberg East
Deposit, warrants follow-up drilling. Two preliminary targets, 7 and 8 on Figure 3, have been prioritised.
Figure 2: Photo showing green malachite staining on mafic rocks outcropping at Koperberg West.
Figure 3: Surface plan of the Carolusberg – Koperberg Complex showing targets 1 to 8.
Figure 4: Longitudinal projection of deposits along the Carolusberg – Koperberg Line of historic copper mines.
In addition to the drill targets identified on the Carolusberg – Koperberg line, Orion is currently evaluating the
potential of drill targets described in Table 1 below and shown on Figure 1:
Prospecting
Target Description
Right
Potential exists for additional mineralisation within the mine and near mine area
Okiep East Bulletrap along strike and down dip. Numerous untested strong magnetic anomalies remain
to be investigated.
Potential exists for additional mineralisation in the near mine area along strike and
Narrap Bulletrap
down dip. Some magnetic anomalies in the area have not been fully investigated.
Potential exists for additional mineralisation in the near mine area along strike and
Eagles Nest Bulletrap
down dip. Limited historical surface drilling was done at this prospect.
Nababeep West Potential exists for additional mineralisation in the near mine area along strike and
NCC
Mine down dip.
Nababeep
Potential still exists for additional copper mineralisation on the westward extension of
North Mine Bulletrap
the high-grade Nababeep (North) Mine.
Extension West
Potential for higher grade mineralisation exists at the untested mafic rock – Springbok
Lura Bulletrap Quartzite intersection. This target was not tested by historic exploration and limited
drilling was carried out on the prospect.
Table 1: Potential drill targets (as shown on Figure 1).
The due diligence work completed on OCP in only a few months since securing options to acquire the large
tenement package and an extensive database, has highlighted how prospective the project area is for the
discovery of new high grade and large tonnage copper deposits.
For and on behalf of the Board.
Errol Smart
Managing Director and CEO
21 May 2021
ENQUIRIES
Investors Media JSE Sponsor
Errol Smart – Managing Director & CEO Nicholas Read Monique Martinez
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’s Statement
The information in this report that relates to Orion’s Exploration Results at the Okiep Project complies with the 2012 Edition of
the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) and has been
compiled and assessed under the supervision of Dr Deon Vermaakt. Dr Vermaakt (Pri. Sci. Nat.) is registered with the South
African Council for Natural Scientific Professionals (Registration No. 400020/00), a Registered Overseas Professional
Organisation for JORC purposes. Dr Vermaakt 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. Dr Vermaakt 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). They apply to the Exploration Results announced in this
announcement (historic drill hole data and geological interpretation of targets).
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 Drilling and sampling was undertaken during three distinct periods since the
specific specialised industry standard measurement tools appropriate initial discovery of mineralisation:
to the minerals under investigation, such as down hole gamma sondes, • Prior to 1984 by O’Okiep Copper Company (OCC).
or handheld XRF instruments, etc.). These examples should not be
• 1984 – 1999 by Goldfields of South Africa (GFSA).
taken as limiting the broad meaning of sampling.
• Include reference to measures taken to ensure sample representivity • and in 2018 by South Africa Tantalum Mining (SAFTA).
and the appropriate calibration of any measurement tools or systems OCC and GFSA:
used. • For diamond drilling carried out by OCC between 1953 and 1978,
• Aspects of the determination of mineralisation that are Material to the there is limited information available on sampling techniques for
Public Report. core. With exploration and resource management being carried out
• In cases where ‘industry standard’ work has been done this would be under the supervision of OCC, it is considered by the Competent
relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 Person that there would be procedures in place to the industry best
m samples from which 3 kg was pulverised to produce a 30 g charge practice standard at that time. This is based on discussions with
for fire assay’). In other cases more explanation may be required, such personnel employed by OCC.
as where there is coarse gold that has inherent sampling problems.
Unusual commodities or mineralisation types (e.g. submarine nodules) • The exploration and resource management were under the
may warrant disclosure of detailed information. supervision of the OCC geology department, recognised as one of
the best exploration departments in South Africa at the time. OCC
was successful in defining resources which were used as the basis of
successful mine development for 33 different mines over an
operation over a 45-year period.
• GFSA is a reputable South African Mining house and owned gold,
base metal and platinum mines at the time.
• Drilling of exploration holes was carried out on a 60m by 30m line
spacing.
• Drill samples from OCC and GFSA drilling were all sent to OCC on-
mine laboratory in Nababeep.
• Samples were taken over two metre intervals adjusted to
accommodate geological contacts. OCC whole core was
submitted to the lab (AX core size). A 10cm representative core was
archived for each sample.
• GFSA drilled BQ size core. Core was cut with a core cutter at the
core yard and half core submitted over the entire sample interval
• For both companies, samples were numbered and bagged at the
core yard before being submitted to the laboratory.
• No formal QA/QC samples were inserted at the time by the
geologists on the exploration site. OCC laboratory developed their
own standards, and those were used internally in the laboratory. No
record exists on the preparation method of the standards. Duplicate
samples were also inserted to check for repeatability. No records
exist on the percentage duplicate or standard.
• No historical Standard Operating Procedures are available.
Drilling techniques • Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air OCC:
blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple • All intersections were by core drilling.
or standard tube, depth of diamond tails, face-sampling bit or other
• AX-size core was drilled.
type, whether core is oriented and if so, by what method, etc.).
• Core orientation was not done.
GFSA:
• All intersections were by core drilling.
• BQ core size was drilled.
• No core orientation was carried out.
Drill sample recovery • Method of recording and assessing core and chip sample recoveries OCC:
and results assessed. • All mineralised intersections were done with core drilling.
• Measures taken to maximise sample recovery and ensure
• Core stick-ups reflecting the depth of the drill hole are recorded at
representative nature of the samples.
the rig at the end of each core run.
• Whether a relationship exists between sample recovery and grade
and whether sample bias may have occurred due to preferential • A block with the depth of the hole written on it is placed in the core
loss/gain of fine/coarse material. box at the end of each run.
• Core recoveries were measured for each "run".
• No records exist for core recoveries on individual samples.
• Intersections were in hard rock and good recoveries are envisaged
through the mineralisation.
GFSA:
• All mineralised intersections are done with core drilling.
• Core stick-ups reflecting the depth of the drill hole are recorded at
the rig at the end of each core run.
• A block with the depth of the hole written on it is placed in the core
box at the end of each run.
• At the core yard, the length of core in the core box is measured for
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.
• Core recoveries were done for individual samples.
• Intersections were in hard rock and good recoveries are envisaged
through the mineralisation.
Logging • Whether core and chip samples have been geologically and OCC and GFSA:
geotechnically logged to a level of detail to support appropriate • All relevant intersections for underground holes have been logged
Mineral Resource estimation, mining studies and metallurgical studies. by qualified geologists and all of this information is available.
• Whether logging is qualitative or quantitative in nature. Core (or
• No geotechnical information is available for the historic drill holes.
costean, channel, etc.) photography.
• The total length and percentage of the relevant intersections logged. • Core was not photographed.
• Logs were recorded in the core yard on standard log sheets.
• Quantitative estimate of sulphide mineralogy.
• Core of the entire drill hole length was geologically logged and
recorded on standardised log sheets by qualified geologists.
• No air drilling was carried out.
Sub-sampling • If core, whether cut or sawn and whether quarter, half or all core OCC:
techniques and taken. • All sample data is available.
sample preparation • If non-core, whether riffled, tube sampled, rotary split, etc. and
• All drill core were used.
whether sampled wet or dry.
• For all sample types, the nature, quality and appropriateness of the • The entire sample length was submitted to the laboratory except for
sample preparation technique. a 10cm piece of core left as a reference.
• Quality control procedures adopted for all sub-sampling stages to • Sample preparation was undertaken by the OCC Laboratory.
maximise representivity of samples. • The sampling method was appropriate and representative of the
• Measures taken to ensure that the sampling is representative of the in- sample interval.
situ material collected, including for instance results for field
duplicate/second-half sampling. • No certified reference materials, blanks and duplicates were
• Whether sample sizes are appropriate to the grain size of the material inserted, however the OCC Laboratory inserted in house standard
being sampled. reference material with each batch.
GFSA:
• BQ core was cut a core yard and half core taken as sample.
• With core samples, the entire sample length is cut and sampled.
• No certified reference materials, blanks and duplicates were
inserted, however reportedly the OCC Laboratory inserted in house
standard reference material with each batch.
Quality of assay data • The nature, quality and appropriateness of the assaying and OCC and GFSA:
and laboratory tests laboratory procedures used and whether the technique is considered • No detailed records exist for laboratory procedures for the OCC
partial or total. Laboratory. Core samples were crushed, split, pulverised and
Criteria JORC Code explanation Commentary
• For geophysical tools, spectrometers, handheld XRF instruments, etc., assayed for copper content by atomic absorption techniques.
the parameters used in determining the analysis including instrument • No geophysical tools, spectrometers or handheld XRF instruments
make and model, reading times, calibrations factors applied and their were used.
derivation, etc.
• No record is available on quality control methods.
• Nature of quality control procedures adopted (e.g. standards, blanks,
duplicates, external laboratory checks) and whether acceptable • The OCC successfully operated copper mines in the district for more
levels of accuracy (i.e. lack of bias) and precision have been than 50 years and has a proven record of converting resources to
established. reserves.
Verification of • The verification of significant intersections by either independent or OCC and GFSA:
sampling and alternative company personnel. • No records available on the verification of data.
assaying • The use of twinned holes.
• Exploration was managed by the OCC and GFSA exploration
• Documentation of primary data, data entry procedures, data
departments, consisting of qualified geologists.
verification, data storage (physical and electronic) protocols.
• Discuss any adjustment to assay data. • No adjustments to assay data were reported.
Location of data points • Accuracy and quality of surveys used to locate drill holes (collar and OCC and GFSA:
down-hole surveys), trenches, mine workings and other locations used • Drill hole collars were surveyed by qualified surveyors and
in Mineral Resource estimation. documented in a Survey Logbook.
• Specification of the grid system used.
• All surface and underground drill hole collars were surveyed by
• Quality and adequacy of topographic control.
qualified surveyors using a theodolite.
• The historic mine survey data is in the old national LO 17 Cape1880
system coordinate system.
• Down-hole surveys were carried out using an Eastman survey
instrument and documented and filed. Plans and sections were
meticulously plotted and signed off by a certified surveyor.
Data spacing and • Data spacing for reporting of Exploration Results. OCC and GFSA:
distribution • Whether the data spacing and distribution is sufficient to establish the • Holes were drilled aiming to achieve a 60m by 30m spacing,
degree of geological and grade continuity appropriate for the Mineral considered appropriate for Mineral Resource estimation of this type
Resource and Ore Reserve estimation procedure(s) and classifications of mineralisation.
applied.
• Whether sample compositing has been applied.
Orientation of data in • Whether the orientation of sampling achieves unbiased sampling of OCC and GFSA:
relation to geological possible structures and the extent to which this is known, considering • Historical drilling is generally oriented perpendicular, or at a
structure the deposit type. maximum achievable angle, to the attitude of the mineralisation.
• If the relationship between the drilling orientation and the orientation
• As a result, most holes intersect the mineralisation at an acceptable
of key mineralised structures is considered to have introduced a
angle.
sampling bias, this should be assessed and reported if material.
• No sampling bias is anticipated as a result of drill hole orientations.
Sample security • The measures taken to ensure sample security. OCC and GFSA:
• No details of sample security available. However, during the mining
operations, the site was fenced and gated with security personnel
employed as part of the staff.
Audits or reviews • The results of any audits or reviews of sampling techniques and data. OCC and GFSA:
• No audits and/or review records or documentation are available.
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 OCC and GFSA:
land tenure status agreements or material issues with third parties such as joint ventures, • OCC and GFSA held vast areas under prospecting and mining rights,
partnerships, overriding royalties, native title interests, historical sites, most of these have been relinquished.
wilderness or national park and environmental settings.
SAFTA/ORION:
• 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. • The Flat Mines area comprises 8,311.9ha and is covered by two
prospecting rights (licences), figure 1.
• NC11893PR expired in October 2020 and NC12014PR expired in
January 2021. Renewal applications have been submitted for both
licences, confirmed from Department of Mineral Resources and
Energy correspondence.
• The prospecting rights were issued for copper and tungsten ore only.
• An application under Section 102 was made to include additional
metals lead, silver, zinc, bismuth, cadmium, cobalt, magnetic
minerals, gold and uranium.
• An application for a mining right (NC10150MR) has been submitted
covering a smaller portion (approximately 1,210 ha) of expired right
NC11896PR and FM.
• Only one renewal is allowed and is now covered by prospecting
right application NC12755 submitted 5 February 2021.
• NC 30/5/1/1/2/12357PR: BCC has been granted a prospecting right,
in terms of section 17(1) of the MPRDA, for copper ore and tungsten
ore in respect of the farm Brakfontein 133, portion of portions 9, 10 &
11 and the farm Melkboschkuil 132 portion of portions 1 and 23, in
the Namaqualand Administrative District, Northern Cape Province.
The date of grant is 14 January 2021; valid for five (5) years.
Exploration done by • Acknowledgment and appraisal of exploration by other parties. OCC and GFSA:
other parties • Underground and especially surface geological mapping are of
high quality and detail.
• It is evident that the historical data was collected via industry best
practices and are considered suitable and acceptable for resource
estimation.
Geology • Deposit type, geological setting and style of mineralisation. Okiep Copper Project (OCP):
• These Copper deposits are part of the well-known Namaqualand
Metamorphic Complex which consists primarily of meta-volcanic
sedimentary and intrusive rock types.
• Copper mineralisation is primarily associated with irregular,
elongated and steeply dipping Koperberg Suite mafic intrusives.
• The Koperberg Suite intrusives are mainly restricted to so-called
“Steep Structures” of extensive strike lengths and steeply dipping to
the north.
• The Koperberg Suite consists of anorthosite, diorite and norite
intermediate rock types.
• Mineralisation usually occurs as blebs to disseminated Cu mineral
assemblages bornite > chalcopyrite > chalcocite and less pyrite and
pyrrhotite.
• The more mafic and magnetite-rich lithologies generally host the
bulk of and higher grade mineralisation.
• The OCP has a long exploration and mining history, and the
geology is well known and understood.
Drill hole Information • A summary of all information material to the understanding of the OCC and GFSA:
exploration results including a tabulation of the following information • All historical grade and density information are incorporated in the
for all Material drill holes: ORION database, and due to the large number of intersections
o easting and northing of the drill hole collar made it is in the Competent Person view that it should not be
o elevation or RL (Reduced Level – elevation above sea level in included in this table.
metres) of the drill hole collar
• Historically thousands of underground diamond drill holes were
o dip and azimuth of the hole
drilled, most are AQ
o down hole length and interception depth
o hole length. • Numerous underground drill holes were drilled, these still have to be
• If the exclusion of this information is justified on the basis that the digitally captured, imported into the database and modelling.
information is not Material and this exclusion does not detract from the • All historical drill hole collars were surveyed.
understanding of the report, the Competent Person should clearly • Down-hole surveys are available for the majority of the historical
explain why this is the case. GFSA.
Data aggregation • In reporting Exploration Results, weighting averaging techniques, OCC and GFSA:
methods maximum and/or minimum grade truncations (e.g. cutting of high • Individual intersections were weighted by sample width.
grades) and cut-off grades are usually Material and should be stated.
• Mineralised sample lengths were erratically standardised at 1.0, 1.5
• Where aggregate intercepts incorporate short lengths of high grade
and 2.0 metres.
results and longer lengths of low grade results, the procedure used for
such aggregation should be stated and some typical examples of • No truncations were applied.
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 OCC and GFSA:
mineralisation widths Exploration Results. • Historical drilling is generally oriented perpendicular, or at a
and intercept lengths • If the geometry of the mineralisation with respect to the drill hole angle maximum achievable angle to, the attitude of the mineralisation.
is known, its nature should be reported.
• Generally, drill hole inclinations ranged between -30° to 90°.
• 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 • Numerous plans and cross-sections are available and were utilised
intercepts should be included for any significant discovery being during the geological and mineralization modelling.
reported. These should include, but not be limited to a plan view of drill • All historical data is available as hard copies and is currently being
hole collar locations and appropriate sectional views. digitised and incorporated into a GIS system.
Balanced reporting • Where comprehensive reporting of all Exploration Results is not • In the Competent Person’s opinion, the Exploration Results reported
practicable, representative reporting of both low and high grades in this announcement have been reported in a balanced manner.
and/or widths should be practiced to avoid misleading reporting of
Exploration Results.
Other substantive • Other exploration data, if meaningful and material, should be reported ORION:
exploration data including (but not limited to): geological observations; geophysical • Detailed surface maps and drill sections were extensively consulted
survey results; geochemical survey results; bulk samples – size and and utilised in the understanding of geology and mineralisation.
method of treatment; metallurgical test results; bulk density,
• Regional and detailed geophysical maps (magnetic) were also
groundwater, geotechnical and rock characteristics; potential
consulted.
deleterious or contaminating substances.
• No metallurgical test work was done by Orion, but OCC mined and
treated 105.6Mt from 27 different mines all with similar and amenable
metallurgy.
Further work 1. The nature and scale of planned further work (e.g. tests for lateral ORION:
extensions or depth extensions or large-scale step-out drilling). • More twinning of historical drill holes and additional exploration drill
2. Diagrams clearly highlighting the areas of possible extensions, holes are needed in order to improve confidence in the historical
including the main geological interpretations and future drilling areas, data.
provided this information is not commercially sensitive.
• Deeper mineralisation as well as en echelon type mineralised lenses
are potentially present and should be further investigated.
Table 2: Drill hole information used in geological interpretation.
Hole
Mine/Prospect Hole ID Easting Northing RL Length Dip Azimuth Company Type
(m)
Carolusberg West CW4324 93108.53 -3281046.95 173.2 163.0 20 308.0 OCC Underground Diamond
Carolusberg West CW4342 93108.68 -3281048.51 173.2 189.5 17 294.0 OCC Underground Diamond
Carolusberg West CW4343 93446.16 -3280804.77 173.2 89.1 -23 159.5 OCC Underground Diamond
Carolusberg West CW4373 93108.53 -3281046.95 173.2 188.6 2 283.0 OCC Underground Diamond
Carolusberg West CW4384 93108.53 -3281046.95 173.2 183.4 15 283.0 OCC Underground Diamond
Carolusberg West CW4433 93108.46 -3281047.15 173.2 169.4 30 283.0 OCC Underground Diamond
Carolusberg West CW4438 93109.68 -3281048.57 173.2 145.7 33 308.0 OCC Underground Diamond
Carolusberg West CW4441 93109.68 -3281048.57 173.2 138.5 2 294.0 OCC Underground Diamond
Carolusberg West CW4445 93110.79 -3281046.05 173.2 129.3 2 318.0 OCC Underground Diamond
Carolusberg West CW4448 93110.79 -3281046.05 173.2 119.0 40 339.5 OCC Underground Diamond
Carolusberg West CW4449 93111.29 -3281045.45 173.2 109.8 22 339.5 OCC Underground Diamond
Carolusberg West CW4456 93109.35 -3281047.71 173.2 214.6 10 272.0 OCC Underground Diamond
Collars were surveyed by total station theodolite. Collar coordinates are in LO17 Cape survey system.
Date: 21-05-2021 08:30:00
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