Orion Minerals Advances Copper Projects with Positive Feasibility Studies

Orion Minerals Limited ( (AU:ORN) ) has issued an update.

Orion Minerals Limited has released the Definitive Feasibility Studies (DFS) for its Prieska Copper Zinc Mine (PCZM) and Flat Mines Project, revealing favorable outcomes that confirm the potential for safe and modern mechanized copper mining. The PCZM study indicates a post-tax NPV of A$568 million and an IRR of 26.2%, while the Flat Mines Project shows a post-tax NPV of A$75 million and an IRR of 23%. These developments are crucial for Orion’s strategic focus on achieving first concentrate production and advancing its transition into a base metal producer. Additionally, leadership changes have occurred with Anthony Lennox taking over as Managing Director and CEO, and the company has secured a A$2.0 million convertible loan facility to support its projects.

More about Orion Minerals Limited

Orion Minerals Ltd is a diversified international base metals company focused on developing two complementary base metal production hubs in South Africa’s Northern Cape Province. The company is transitioning into a developer and operating mining company, aiming to produce metals essential for a decarbonizing world, with plans to ramp up copper production to over 50ktpa by the end of the decade.

YTD Price Performance: -13.33%

Average Trading Volume: 329,234

Technical Sentiment Signal: Buy

Current Market Cap: A$89.06M

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