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An announcement from Orion Minerals Limited ( (AU:ORN) ) is now available.
Orion Minerals Limited is making significant strides in its transition from exploration to mine development, as evidenced by progress on the Definitive Feasibility Studies (DFS) for both the Flat Mines Project and the Prieska Copper Zinc Mine (PCZM). External reviews of these projects are underway, with results expected by March 2025. The DFS for PCZM, a key asset with substantial resources, is particularly noteworthy as it informs the project’s funding and development strategy. Recent advancements include successful dewatering and completion of a water storage dam, highlighting Orion’s efficient project execution model that promises reduced costs. This progress marks a pivotal step for Orion, potentially enhancing its market position and stakeholder value as it moves towards production.
More about Orion Minerals Limited
Orion Minerals Ltd (ASX/JSE: ORN) is a diversified international base metals company, focusing on developing two complementary base metal production hubs in South Africa’s Northern Cape Province. The company aims to produce metals critical for the global clean energy transition, with a strong market focus due to declining supply and a lack of investment in new mines. Orion targets first production by 2026, with aspirations to ramp up copper output to over 50ktpa by the decade’s end.
YTD Price Performance: -30.0%
Average Trading Volume: 210,022
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$95.74M
For a thorough assessment of ORN stock, go to TipRanks’ Stock Analysis page.
