What we do
Orion Minerals is a minerals exploration and development company focussing on zinc, copper, nickel, gold and platinum-group elements in South Africa and Australia. The company’s primary listing is on the Australian Stock Exchange (ASX: ORN) and it has a secondary listing on the Main Board of the Johannesburg Stock Exchange (JSE: ORN).
In South Africa, the Prieska Copper Project, which was mined previously (between 1971 and 1991) is completing the first resource drill-out campaign, and a bankable feasibility study is advancing rapidly. The project, which is infrastructure-rich as all key services still remain on site, is combining its latest data with historical information to ensure an improved understanding of this exceptional metals province. With 14 drill rigs in operation, both at surface and underground, excellent initial results from the intensive drilling program to test the project’s Deep Sulphide Target have been generated, including high grade near surface supergene sulphides identified in drilling at the +105 Level Target, indicating the possibility of open pit mining. Importantly, drilling results have also identified dip and strike extensions to historically identified mineralisation.
The Bankable Feasibility Study (BFS) started in July 2017 and is being targeted for completion in the fourth quarter of 2018. In parallel with the BFS, Orion Minerals’ is progressing key commercial work streams, including concentrate marketing, project finance capacity and optimal structures, regional exploration and targeting work, as well as Mining Right and Environmental Impact Assessment studies, with an aim of submitting these during the first quarter of calendar year 2018.
In Australia, Orion Minerals entered into a Joint Venture Agreement (JVA) with Independence Group NL over its ground holdings in the Fraser Range area. Importantly, the company is free carried through to pre-feasibility study on any of the ground acquired under the JVA while retaining between 10% and 35% interest in the JVA.