Orion Minerals Ltd (ASX/JSE:ORN) is an ASX and JSE listed explorer / developer that has directed its focus on fast tracking the development of a major Zinc-Copper project, following the acquisition of an effective 73.33% interest in the advanced Prieska Project, located near Copperton in the Northern Cape Province of South Africa. Exploration upside to the Prieska Project is also secured via earn-in rights over the majority of Areachap geological terrane extending along a 125km long belt to the north of Copperton. A number of earn-in properties boast historic discoveries of Zinc-Copper, Gold-Copper, Nickel-Copper-Cobalt-PGE and Lithium-Rare Earth Elements. This Areachap Project presents excellent near-term growth potential for the Company.
Errol Smart – Managing Director & CEO
Mr Smart is a geologist, registered with the South African Council of Natural Scientific Professionals. Mr Smart has more than 25 years of industry experience across all aspects of exploration, mine development and operations with experience in precious and base metals. Mr Smart has held positions in Anglogold, Cluff Mining, Metallon Gold, Clarity Minerals LionGold Corporation and African Stellar Holdings. Mr Smart’s senior executive roles have been on several boards of companies listed on both the TSX and ASX.
What is your rationale for attending 121 Mining Investment?
Orion looks forward to interacting with potential investors who have appetite for investing in a unique opportunity such as this. The advanced Prieska Zinc-Copper Project leverages off reduced capital requirements with superb existing regional infrastructure at the site. The project enjoys the benefit of lower risk, due to an extensive and successful mining history and data. The original mine closed in 1991 after 20 years of successful, dividend-yielding, operations.
The commanding Prospecting Rights holding provides access to exceptional exploration upside with numerous known Zn-Cu VMS occurrences in an underexplored belt, as well as to several known intrusive Ni-Cu-Co-PGE massive sulphide targets
What recent news would you like to highlight to investors attending?
* Significant new VMS discovery at Ayoba, confirms strong, near-mine exploration potential at Prieska
* Drill out program completed, on track for updated Resource at Prieska Project
* Bankable Feasibility Study due Q2 2019
* Major SkyTEM Airborne EM survey over Prieska Project
* Mining Right & Environmental Authorisation Application submitted
What are your key goals for the next 3, 6 and 12 months?
* Updated JORC Resource, * Bankable Feasibility Study
* Progress concentrate marketing, project finance capacity and optimal structure. * Continue exploration on satellite projects
* Project finance, development decision.
In a sentence, what do you think makes your company such a compelling investment?
A combination of advanced stage, high quality Zn-Cu and Ni-Co-Cu-PGE projects with exceptional upside.