Australian Exploration

Fraser Range Project (Nickel-Copper, Gold)

The Fraser Range Project in Western Australia is a belt-scale project which is highly prospective for high-value magmatic nickel-copper-cobalt (Ni-Cu-Co) sulphide discoveries.

The Fraser Range Project is being explored under a Joint Venture Agreement with IGO Limited (ASX: IGO), the owner of the Nova-Bollinger Nickel Mine.

Under the terms of the joint venture, IGO is responsible for all exploration on the tenements and provides regular updates to Orion on activities and results, with Orion free carried to the completion of a pre-feasibility study by IGO.

Walhalla Project (Gold, Polymetals)

The Walhalla-Woods Point District is most widely known as one of Victoria’s largest historical goldfields, with significant past production exceeding four million ounces of gold at a reported head grade of over 25g/t gold.

However, while the Walhalla-Woods Point District is best known for gold mining, high-grade copper-nickel and Platinum Group Element (PGE) mineralisation also occurs within the belt.

Both the gold and copper-nickel-PGE mineralisation within this district is hosted within dykes from the Woods Point Dyke Swarm (WPDS), a series of ultramafic to felsic dykes occurring over a 75km long north-south belt which are now interpreted to be the “plumbing” for a magmatic system of significant scale.

Key Cu-Ni-PGE occurrences are known within the WPDS, with three of these occurrences lying within Orion’s tenement package. Despite these occurrences being known, sampled and, in the case of Coopers Creek, previously mined, there has only been sporadic exploration for polymetallic deposits (mostly in the 1970’s & 1980’s).

The Company received grant of two licences for its Walhalla project in February 2023.