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Orion Minerals Limited ( (AU:ORN) ) has shared an update.
Orion Minerals has reported a significant new intersection of visible copper sulphide mineralisation at Flat Mine East within its Okiep Copper Project in South Africa. A recently completed resource-optimisation diamond drill hole at Flat Mine East intersected 7.88 metres of mineralisation down-dip of previously reported high-grade copper zones, confirming that the prospective mafic norite host unit and associated mineralisation extend beyond the current Indicated Resource envelope.
The company also released assays from Flat Mine North, including a 21.34-metre interval grading 1.55% copper, reinforcing the broader Flat Mines area as a cornerstone of its Okiep development strategy. These results suggest strong potential to extend and infill high-grade zones within the existing 10.0Mt at 1.3% copper Mineral Resource, while ongoing structural modelling and follow-up drilling are expected to refine targets and potentially add further resources across Orion’s extensive Okiep holdings.
More about Orion Minerals Limited
Orion Minerals Limited is an Australia-incorporated mining and exploration company focused on copper developments in South Africa’s historic Okiep copper district. The company’s Okiep Copper Project covers extensive ground in the Northern Cape, including the Flat Mines area, where it is advancing resource definition and optimisation drilling to underpin future production.
Average Trading Volume: 849,314
Technical Sentiment Signal: Buy
Current Market Cap: A$246.9M
For a thorough assessment of ORN stock, go to TipRanks’ Stock Analysis page.