Orion Minerals advances mine development at Prieska Copper Zinc Mine

Orion Minerals Limited (ASX: $ORN) is making significant progress in transitioning into a mine developer and operator at its flagship Prieska Copper Zinc Mine (PCZM). The company has successfully recruited a skilled operating team, established key mine infrastructure and services, and made substantial advancements in trial mining, including the stockpiling of copper ore on the surface. Additionally, Orion achieved an important milestone at the Okiep Copper Project (OCP) with the acquisition of surface rights, enabling the commencement of drilling to enhance the Bankable Feasibility Study (BFS).

Executive Commentary on Mine Development and Future Prospects

Orion Minerals is pleased with the progress made in transitioning into a mine developer and operator at the Prieska Copper Zinc Mine. The successful recruitment of a skilled operating team and the establishment of key mine infrastructure and services have been crucial steps in advancing our mine development strategy. The positive results from trial mining, including the stockpiling of copper ore on the surface, are a testament to the effectiveness of our proposed mining methods and the competent geotechnical conditions encountered. The acquisition of surface rights at the Okiep Copper Project marks a significant milestone, allowing us to commence drilling for additional Mineral Resource confirmation, geotechnical and metallurgical zonation information, which will materially enhance the Bankable Feasibility Study. We are optimistic about the future prospects of our projects and remain committed to achieving our corporate objective of first copper sales from our development projects in 2025, ramping up copper production to more than 50ktpa by the end of the decade.

Summary of Advancements and Future Outlook

Orion Minerals has made significant strides in advancing its mine development strategy at the Prieska Copper Zinc Mine, with successful recruitment of a skilled operating team, establishment of key mine infrastructure and services, and positive results from trial mining. The acquisition of surface rights at the Okiep Copper Project is expected to enhance the Bankable Feasibility Study and contribute to the company's long-term growth. Orion remains focused on achieving its corporate objective of first copper sales from its development projects in 2025 and ramping up copper production to more than 50ktpa by the end of the decade. The company's commitment to sustainable operational efforts, safety, environment, and community engagement underscores its dedication to responsible mining practices and long-term value creation.