Orion Minerals Limited ( (AU:ORN) ) has provided an update.
Orion Minerals Limited has updated its Mineral Resource estimate for the Flat Mine (Nababeep) at the Okiep Copper Project, reflecting improved geological interpretation and drilling results. The updated estimate indicates a total of 11.5 million tonnes at 1.3% copper, with 152,000 tonnes of contained copper, marking an increase from previous estimates. This development enhances the company’s confidence in the potential for further resource growth and positions Orion to consider underground mining projects with significant economic prospects, potentially extending the mine’s life and production scale.
More about Orion Minerals Limited
Orion Minerals Limited is an Australian company engaged in the exploration and development of mineral resources. The company primarily focuses on copper projects, with a significant emphasis on the Okiep Copper Project in the Northern Cape Province of South Africa.
YTD Price Performance: -10.0%
Average Trading Volume: 248,734
Technical Sentiment Signal: Sell
Current Market Cap: A$123.3M
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