Orion Minerals

Website: www.orionminerals.com.au
Primary ticker: ASX:ORN; JSE:ORN
Stage of development: Exploration
Primary minerals:Zinc, Copper, Gold, Silver, Nickel, Cobalt, PGE

Live financials

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.

Management Profile

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, having produced over 1miilion tons of zinc and 140 thousand ton of copper. Modern technology should now unlock the un-mined deep sulphide ore extensions and allow the un-mined surface oxide and transitional ores to also be exploited.
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?

Recently release maiden JORC compliant Mineral Resource for the Preiska Zinc-Copper Project totalling 29.4 Mt containing 1,126,000 tonnes Zn at 3.8% Zn and 365,000 tonnes Cu at 1.2% Cu.

Drilling ongoing, with the objective of achieving an upgrade in the classification of a substantial portion of the total Mineral Resource and to test the currently open extensions of the deposit. Resource remains open on dip and strike.

Application for a Mining Right at Prieska Zinc-Copper Project, supported by a comprehensive Environmental Authorisation Application and a provisional Mining Works Programme submitted covering 723ha of executed Prospecting Rights on the Prieska Zinc-Copper Project.

Bankable Feasibility Study on track for completion in early Q4 2018.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Progressing BFS.

Regional exploration programs underway to explore and prioritise satellite projects.

6 Months:

PCM Bankable Feasibility Study completed Q4 2018.

Progress concentrate marketing, project finance capacity and optimal structure.

Continue regional exploration programs, including drilling, on satellite projects.

12 Months:

Commence Project Financing.

Exploration continues on a number of high priority targets.


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 exploration upside.