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 and its near-term Okiep Copper Project, both located in South Africa’s 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
Key Investment Highlights – Okiep Copper Project (OCP)
- Compelling near-term production opportunity in South Africa’s Northern Cape, complementing the development-ready Prieska Project
- Historical mining operation previously owned by Newmont and Goldfields who produced 30,000 – 40,000 tonnes of copper per annum over several decades
- JORC compliant Mineral Resource Estimates for an initial six deposits totalling 11.5Mt at 1.4% Cu for 159,000t contained copper
- Outstanding exploration potential, with Orion holding 60+ years of historical exploration and mining records to assist with targeting
- May 2021 Scoping Study confirmed the economic merit of developing a foundation phase mining operation at the OCP while Orion conducts the required studies to underpin a larger-scale mining operation
- Potential for first production within 16 months of the start of construction
ASX/JSE Announcements
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07 Oct 2021 Date of AGM and Closing Date for Director Nominations |
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23 Sep 2021 Appendix 4G & Corporate Governance Statement |
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23 Sep 2021 Annual Report to Shareholders 2021 |
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16 Sep 2021 Industrial Development Corporation commits to Okiep Project |
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01 Sep 2021 Multiple EM targets identified at the Okiep Copper Project |
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Presentations
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11 Aug 2021 Investor Presentation |
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15 Feb 2021 Investor Presentation |
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02 Feb 2021 Investor Presentation - OCC Deal |
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28 Jan 2021 Investor Presentation |
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02 Nov 2020 Investor Presentation |
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