Fast tracking plans to acquire Okiep Copper Complex

Orion announced that it has entered into an agreement giving it exclusive rights to acquire and consolidate a significant interest in the Okiep Copper Complex on 2 February 2021.

Since then, it has reported maiden JORC Mineral Resources and secured the right to acquire the freehold title to the partially furnished original O’Okiep Copper Mines head office and data archives housing detailed records of more than 60 years of high intensity mining and exploration work undertaken across most of the Northern Cape region of South Africa.

Orion secures option to acquire and consolidate dominant ownership of a premier historic copper mining district in South Africa’s Northern Cape Province

Orion has entered into an agreement giving it exclusive rights and a clear pathway to acquire and consolidate a significant interest in the Okiep Copper Complex.

Providing Orion with an exceptional growth and diversification opportunity, the complementary combination of the advanced Okiep Copper Complex with the flagship Prieska Copper-Zinc Project will transform Orion into a significant base metals mining house and accelerate its journey to become a major producer in the Northern Cape region.

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

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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 Prieska Copper Zinc Mine

  • 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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