Orion Minerals set to announce deal on copper option - Miningmx By proceeding to access the reports on this page, you agree that your access does not violate applicable laws, and that you have read, understood and accept the disclaimer as outlined above. ORION Minerals will undertake a six month feasibility study to assess whether it can begin early production from its Prieksa Copper-Zinc Project in South Africa's Northern Cape. Orion Minerals sets A$20m raising target - Mining Weekly BHP set for $9.6b OZ Minerals acquisition. Whilst Orion makes the Report and other reports on its website available for investor information, the views expressed in the reports are those of the Broker or Analyst and do not represent the views of Orion or its management. Level 21 Orion Minerals - Exploring and developing its high quality portfolio of The Scoping Study supported a moderate scale start-up mining operation on known, drilled copper deposits. Orion Minerals : IDC Becomes 43.75% Partner in New Okiep Mining listeners: [], Equinox Gold and Orion Mine Finance break the deadlock at Hardrock A drilling program aimed at testing a number of high-priority magmatic nickel-copper targets within the joint venture tenement E28/2367 has commenced in the current quarter. Edited by: Creamer Media Reporter EMAIL THIS ARTICLE SAVE THIS ARTICLE Orion Minerals receives final Mining Might for Prieska - Miningreview.com - Oct 21, 2022 ORION Minerals has secured R250m in finance from the Industrial Development Corporation (IDC) for its Prieska Copper Zinc Mine (PCZM) in a development that concludes funding for the Northern Cape mine. To access earlier articles, click Advanced Search and set an earlier date range.To search for a term containing the '&' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. Mining Orion Minerals marks major milestone for Okiep Copper Project with. Views expressed in these reports are those of the author and do not represent the views of Orion Minerals or its management. Global Online: Precious Metals - 22-23 March 2023; Global Online: Critical Minerals - 14-15 June; 121 Global Online: Tech Metals - 26-27 October 2022; View full schedule "Ore commissioning is now well underway, as shown by the growing stockpile of product ahead of our first shipment," says Strandline Resources Limited MD. Orion Minerals has been monitoring the developments with respect to the spread of the novel Corona Virus ); Disclaimer: The reports on this page are a selection only and may not be representative of all reports accessible by Orion. The assessment is expected to be completed for investment decision by June 2022. window.mc4wp.listeners.push( Creamer Media Senior Deputy Editor: Australasia, ARTICLE ENQUIRY Orion secures pre-development funding for Okiep copper project Views expressed in these reports are those of the author and do not represent the views of Orion Minerals or its management. Address: Level 21, 55 Collins Street, Melbourne, VIC, Australia 3000. The program for November will be . In South Africa, the companys projects include the exploration and evaluation of the Areachap Projects (in the Northern Cape), including the Prieska Copper Project (Zinc and Copper) and the Marydale Project (Gold and Copper). the two mining rights, together with the water use licence granted on 6 august 2020, constitute the key approvals required to operate the prieska mine, with other important statutory requirements such as the spatial planning and land use management act rezoning for mining purposes and approval of the project's electromagnetic compatibility plan Orion Minerals has entered into definitive agreements that will see the Industrial Development Corporation of South Africa (IDC) acquire 43.75% of the shares in the New Okiep Mining Company (NOM). . Its qualified and highly-experienced teams apply advanced and modern exploration techniques to better define the potential of the various regions where Orion Minerals operate. on: function(evt, cb) { Orion Minerals is currently in discussions to finance the Prieska Copper-Zinc project which has an estimated capital cost of about A$432m (R4.83bn). Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Orion managing director and CEO Errol Smart said: To capitalise on the current positive market conditions, we have fast-tracked our assessment of an early production strategy for the Prieska Copper-Zinc Project based on moving the open pit development to the start of the mine plan. The convertible loan facility from the Industrial Only registered members can use this feature. Senior Management Team - Orion Minerals Supply concerns are expected to continue to support zinc prices into 2022. In this productive and pivotal year, the Company continued to advance its two base metal hubs in the Northern Cape region of South Africa through progressing funding arrangements with multiple parties thereby enabling both projects to progress to development commissioning and production. In August 2020, Orion Minerals announced that its flagship Prieska copper-zinc project was fully permitted following the granting of a final mining right by South Africa's Department of Mineral Resources and Energy. Orion Minerals acquired Agama Exploration and Mining in March 2017, which, through its subsidiary companies, holds a 73.33% majority interest in a portfolio of projects . The project is targeting energy independence from the national electricity grid. The WHO has since declared COVID-19 a pandemic. { } Note: When you clear your default region you will be directed to the MiningWeekly.com home page regional edition associated with the geographic location of our IP address. What is really exciting, however, is that a further eight selected high priority SkyTEMTM targets are currently being followed up with systematic ground surveys at the Okiep Copper Project and will be drilled over the next 12-24 months. Orion Minerals secures $22 million in funding ahead of BFS. Having access to this hub would help achieve carbon net-zero at the Prieska Project and could establish Prieska as one of the worlds lowest carbon emission sources of copper and zinc. During this 90-day exclusivity period, Orion is entitled to conduct amenability test work and due diligence, and during which Stratega and Orion may enter into a comprehensive earn-in agreement under which Orion may earn a 75% ownership in Stratega, by funding the establishment of a bespoke test work facility and demonstration plant, to be located at the Prieska mine site. Orion Minerals Ltd (ASX:ORN, JSE:ORN) welcomes the acquisition by Industrial Development Corporation of South Africa (IDC) of a 43.75% interest in New Okiep Mining Company Proprietary Ltd (NOM), marking a major step towards the planned restart of mining operations at the advanced Okiep Copper Project (OCP). Please see the Orion disclaimer on the website for further important information. The documents linked below have not been prepared by Orion Minerals and Orion Minerals does not endorse, confirm or express a view, as to the completeness or accuracy of the information they contain nor does it make any representation that actual results will fall within the range of any forecast results provided in these reports. Please note that submitting your CV to Orion does not in any way guarantee employment. Note: When you select a default region you will be directed to the MiningWeekly.com home page of your choice whenever you visit miningweekly.com. That's the word from Equinox Gold, one of the new co-developers of Greenstone Gold Mines and its featured Hardrock Project, 275 kilometres northeast of Thunder Bay.. on 29/8/22 Mining Orion Minerals welcomes A$120 million funding package for Prieska. Australia mining and services company Mineral Resources is continuing to evaluate "strategic options" for its rapidly growing lithium hard rock operations in the Pilbara and Goldfields regions of WA. That degree of integrity really impressed us, Smart said. Orion Minerals starts 2021 on a positive note following encouraging drilling results 25th January 2021 By: Simone Liedtke Writer ARTICLE ENQUIRY SAVE THIS ARTICLE EMAIL THIS ARTICLE Font. ORN - ORION MINERALS LIMITED - Pre-development funding for Okiep Copper Project secured as the IDC completes the acquisition of 43.75% of New Okiep - 14/11/2022. Early open pit production at Prieska, together with the opportunity for early production from the Okiep Flat Mines, that we added to our portfolio earlier in 2021, could enable us to deliver first copper production from both the Prieska and Okiep mining operations within the next 24 months, while also significantly de-risking both projects and providing a profitable production platform with strong near-term growth from advanced expansion projects. NASA's Orion spacecraft on track to begin Moon flyby on November 21st Leadership profile: Errol Smart - Orion Minerals - Miningreview.com The process has the potential to extract valuable products such as calcium and magnesium for . confirming the presence of shallow high-grade copper and the potential for additional high-grade minerals. Smart added: This alternative scenario is looking increasingly like the route we should go down. An underground drilling campaign to upgrade the mineral resources categories supporting the BFS-20 open pit plan and to evaluate the potential to extract the pillars left unmined for structural support during previous mining operations is currently mobilising. Should your cookies be reset then you may again use the drop-down menu to select a default region. Creamer Media Senior Deputy Editor: Australasia. Orion Minerals - Home - Facebook S&P Global believes zinc prices will remain elevated throughout the year with fewer mines expected to start up in 2022-2025 especially in China, where mined zinc is estimated to decline to 3.8 . Create your account: sign up and get ahead on news and events. The announcement will relate to "the completion of an option agreement to acquire a major copper project in the Northern Cape province" in South Africa, it said. Its qualified and highly-experienced teams apply advanced and modern exploration techniques to better define the potential of the various regions where Orion Minerals operate. The trial mining phase and revised Bankable Feasibility Study is expected to be completed in Q3 2023, allowing project financing to supplement the US$80 million Triple Flag stream financing. } To advertise email [email protected] or click here, Mining Weekly is a product of Creamer Media.www.creamermedia.co.za, Other Creamer Media Products include:Engineering NewsResearch Channel AfricaPolity, Sign up for our FREE daily email newsletter Feasibility studies to upgrade the scoping study for the project aredue in early 2023. This surging demand for green metals has put a strain on supply while new mine production has been slow to arrive. 55 Collins Street Projects - Orion Minerals Updated BFS completed May 2020 following successful optimisation & value engineering, including: Initial 12-year, 2.4Mtpa operation targeting, Globally competitive costs, strong margins and financials, Project financing and strategic partner discussions well advanced, 24-year Mining Right granted, with all other permitsin place, Exceptional exploration and growth pipeline, Landmark black economic empowerment agreement completed, Well-placed to access Australian and South African capital markets, Historical mining operation previously owned by Newmont and Goldfields who produced, JORC compliant Mineral Resource Estimates for an initial six deposits totalling, Outstanding exploration potential, with Orion holding, 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. Australia, Tel: +61 (0)3 8080 7170 The mineralisation intersected occurs as blebs, veins and massive sulphide (80-100%) lenses of pyrrhotite-chalcopyrite over widths of 1-25 centimetresin drill core within the magnetite rich, mafic intrusive host. Please enter the email address that you used to subscribe on Mining Weekly. Cape Town - 6-7 February 2023; Online. Orion is well placed to realise its ambition of becoming a fully integrated mining and processing business, producing metal products with a low carbon footprint and strong ESG credentials. Web3s event horizon: Will corporations collapse if they dont make the leap? The metal last set a record in 2011 around the peak of the commodities supercycle, sparked by Chinas economic growth and internal infrastructure investment. This setting is controlled by cookies and should your cookies be re-set you will then be directed to the regional edition associated with the geographic location of our IP address. Level 21 { (function() { "This funding derisks the project materially," said Orion Minerals CEO, Errol Smart in an interview on Friday. The quality of the Companys asset base positions us well to be a key supplier of future-facing metals for the impending global energy transition.. forms: { We use this information to make our site faster, more relevant and improve the navigation for all users. In this productive and pivotal year, the Company continued to advance its two base metal hubs in the Northern Cape region of South Africa through progressing funding arrangements with multiple parties thereby enabling both projects to progress to development commissioning and production. As with the BFS-20, the processing plant would treat open pit material at a reduced throughput compared to steady-state operations for the Deeps, using one of the two mills that have already been secured in preparation for full-scale production from the Prieska Deeps. Expect construction of a Geraldton open-pit gold mine to start during the second half of 2021. Orion Minerals secures R250m in funding from IDC for Prieska project In this scenario, the second mill, together with additional flotation concentrators, would likely be installed later, as part of a phased expansion to accommodate feed from mining of the Deeps at the increased throughput rate. As Orion Minerals is able to apply modern technology and engineering solutions that previous generation miners never had access to, the company is confident it will fast-track the Prieska zinc/copper project development. The Orion stock price prediction module provides an analysis of price elasticity to changes in media outlook on Orion Minerals over a specific investment horizon.Using Orion Minerals hype-based prediction, you can estimate the value of Orion Minerals Limited from the perspective of Orion Minerals response to recently generated media hype and . The program was scheduled to commence in February 2022 with completion anticipated by June 2022. In February 2022, the company made a significant new copper discovery within the Okiep Project, intersecting mafic-intrusive-hosted copper sulphide mineralisation. Orion to extract minerals for sale as part of Prieska deeps dewatering Stock Markets | 14 November 2022 Orion Minerals Ltd (ASX:ORN, JSE:ORN) welcomes the acquisition by Industrial Development Corporation of South Africa (IDC) of a 43.75% interest in New Okiep Mining Company Proprietary Ltd (NOM), marking a major step towards the planned restart of mining operations at the advanced Okiep Copper Project (OCP). However, should you see an advert for a vacancy from us that you think you are suited for . The Emerging ESG Leader Award recognises companies that have a visionary approach to ESG which delivers long-term benefits for communities. CENEC plans to construct a mega-scale renewable energy hub for the Prieska district. of International Concern. Submit your CV. Melbourne, VIC, Australia 3000 Importantly, the Company is free carried through to pre-feasibility study on any of the ground acquired under the JVA while retaining between 10% and 35% interest in the JVA. Orion Minerals reaches agreement with IDC on Okiep copper project Orion already has an agreement with the renewable energy company juwi to investigate the construction of its own renewable energy generation plant at the mine and the CENEC collaboration is advancing as an extension of the work already done to establish a bespoke solar and wind power generation project for the Prieska Mine. ORION MINERALS LIMITED - Pre-development funding for Okiep Copper Orion Minerals starts 2021 on a positive note following encouraging ORION MINERALS LIMITED - Pre-development funding for Okiep Copper callback: cb August 19, 2019 | Special Report. The ASX- and JSE-listed company on Monday announced that it had negotiated the potential funding package with Canadian streaming and royalty finance company Triple Flag Precious Metals, and is now advancing towards a definitive agreement targeted for the third quarter of this year. Orion Minerals looking good according to broker - Stockhead Orion Minerals chief executive Errol Smart told the Resources Rising Stars 2022 Gold Coast Conference in Australia last week: "This is going to be a big game changer for us", according to the . 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