About us

Our Company

Orion Minerals 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.

In Australia, Orion has an exploration joint venture with IGO Limited (ASX: IGO) in the world-class Fraser Range Province.

Why Invest in Orion Minerals?

  • Internationally diversified base metals explorer/developer
  • Flagship Prieska Copper-Zinc Project:
    • Globally significant VMS deposit with a Foundation Phase Mineral Resource of 30.49 Mt at 1.2% Cu, 3.7% Zn
    • Mineral Reserve of 14.5Mt at 1.1% Cu and 3.2% Zn
    • Initial 12-year, 2.4Mtpa operation targeting ~22ktpa Cu and ~70ktpa Zn
    • Updated BFS completed May 2020 following successful optimisation & value engineering
    • Substantial increase in production, mine life and cash flow achieved
    • Globally competitive costs, strong margins and financials
    • Project financing and strategic partner discussions well advanced
    • 24-year Mining Right granted with all other permits well advanced
    • 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
  • Near-term Okiep Copper Project:
    • Operational synergies with Prieska
    • Historical mining operation that produced 30,000 – 40,000 tonnes of copper per annum over several decades
    • JORC Mineral Resource for six initial deposits totalling 11.5Mt at 1.4% Cu for 159,000t contained copper
    • 60+ years of historical exploration and mining records
    • May 2021, Scoping Study confirmed economic merit of a foundation phase mining operation at the OCP while Orion conducts studies to underpin a larger-scale operation
    • Potential for first production within 16 months of the start of construction
    • Outstanding exploration upside
    • 24-year Mining Right granted with all other permits well advanced
    • 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

Stock Exchange Listings

The Company’s primary listing is on the Australian Securities Exchange (ASX: ORN) and a secondary listing on the main board of the Johannesburg Stock Exchange (JSE: ORN).

Strategy

Orion’s strategy is to:

  • Focus on exploring and developing globally significant multi-commodity base metals deposits located in outstanding mineral belts and Tier-1 mining districts such as the Areachap Province of South Africa and the Fraser Range Province of Australia.
  • Target projects capable of meeting growing demand for key industrial metals – such as copper, zinc and nickel – which have strong market fundamentals because of declining global resource inventories, falling grades at major mines and lack of investment in new mines.
  • Concentrate on fast-tracking the development of the Prieska Copper-Zinc Project, where a positive updated Bankable Feasibility Study was completed in May 2020 (view announcement – 26 May 2020 Updated BFS Delivers for Prieska Copper-Zinc Project).
  • Further evaluate near-mine targets, including immediate extensions of the Deep Sulphide Resource at Prieska (28.73Mt at 1.2% Cu and 3.8% Zn) and near-mine targets (such as the recent Ayoba discovery) to extend the mine life at Prieska.
  • Pursue a near-term development opportunity at the Okiep Copper Project, while also conducting exploration programs to increase the Resource and Reserve base to underpin a larger-scale, longer-term operation.
  • Continue exploration across our asset portfolio, using advanced geological and geophysical techniques to create a sustainable growth pipeline.