AAMEG Africa Awards 2020: Winner – Emerging ESG Leader

The Emerging ESG Leader Award recognises companies that have a visionary approach to ESG which delivers long-term benefits for communities.

Announcement: AAMEG Africa Awards 2020: Winner – Emerging ESG Leader

VIDEO: Orion Minerals ESG Leader Award

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Updated Feasibility Study Delivers Substantial Increases in Production, Cash Flow and Mine Life for the Prieska Copper-Zinc Project

Improved economics, operational efficiencies and enhanced sustainability credentials among the many other significant benefits to be delivered from optimisation and value engineering.

Updated Bankable Feasibility Study (BFS) completed for a proposed new 2.4Mtpa copper and zinc mining operation at the brownfields Prieska Project, located in the Northern Cape Province of South Africa.

VIDEO: Orion Minerals MD Errol Smart provides an overview of the updated Bankable Feasibility Study


Welcome to

Orion Minerals

Orion Minerals Ltd (ASX: ORN | JSE: ORN) is a globally diversified metal explorer and developer which is on track to become a new generation base metals producer through the development of its flagship Prieska Copper-Zinc Project in South Africa’s Areachap geological terrane, Northern Cape.

Key Investment Highlights

  • Internationally diversified base metals explorer/developer
  • The Orebody:
    • Globally significant VMS Mineral Resource of 30.49Mt at 1.2% Cu, 3.7% Zn
    • Mineral Reserve of 14.5Mt at 1.1% Cu and 3.2% Zn
  • Updated BFS completed May 2020 following successful optimisation & value engineering, including:
    • Initial 12-year, 2.4Mtpa operation targeting 22ktpa Cu and 70ktpa Zn
    • Life of Mine production 226kt Cu and 680kt Zn
    • Strong operating margins and financials:
      • Pre-tax free cash flow A$1.6bn (post tax A$1.2bn)
      • Pre-tax NPV (8% disc) A$779m (post tax (A$552m)
      • Payback period 2.4 years from first production
      • All in sustaining margin of 47%
      • Peak funding requirement A$413m
  • Globally competitive costs, strong margins and financials
  • Project financing and strategic partner discussions well advanced
  • 24-year Mining Right granted, with all other permits in place
  • Exceptional exploration and growth pipeline
  • Landmark black economic empowerment agreement completed
  • Well-placed to access Australian and South African capital markets
  • Exceptional exploration and growth pipeline

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