Delivering growth and opportunity by discovering, developing and producing metals for a cleaner future

Orion Minerals has released its 2021 Annual Report. A record of the significant progress that it has made in the last financial year, the report demonstrates the Company’s commitment to developing two significant long-term base metal production centres in South Africa’s Northern Cape province.

“We have taken major steps towards realising our vision of becoming a substantial diversified base metal producer at an extremely opportune time in the demand cycle for future-facing metals.”

Orion exercises option to acquire and consolidate the Okiep Copper Project

Orion Minerals has exercised its exclusive option to acquire a controlling interest in the majority of the properties comprising the Okiep Copper Project, located 450km from its flagship Prieska Copper-Zinc Project in South Africa’s Northern Cape.

This potentially significant growth opportunity is a major step forward in Orion’s strategy to become a diversified, new-generation base metal producer positioned to deliver critical metals for the global energy transformation.

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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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

 

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