Orion Minerals (ASX: $ORN) reports confirmation of high-grade potential at Okiep Copper Project

Orion Minerals Limited (ASX: $ORN) has announced further outstanding assay results from the confirmation diamond drilling program in the Flat Mines area at its Okiep Copper Project (OCP) in the Northern Cape, South Africa. The latest results add further momentum to Orion's development strategy for the OCP, building on the initial results reported on 22 April 2024 and confirming the geology and endowment of the Flat Mines Area.

Executive Commentary on Orion Minerals' Recent Results

These drilling results further amplify the potential for the Flat Mines orebodies to replicate the typical nature of Okiep copper intrusive mineralization, where zones of very high-grade mineralization are commonly contained within large bodies of moderate grade. This clearly shows why this district has been such a prolific producer of copper for such a long period of time. We have been frustrated by the slow turnaround from accredited laboratories, which are overloaded with exploration samples. This is indicative of the intensity of activity in the copper exploration industry and is in itself an indicator of the challenges involved in accelerating mine development to counter the global metal supply deficit that is developing. We are pleased to be nearing completion of our Bankable Feasibility Studies so that we can progress to project finance and mine development on our brownfields redevelopment sites, in parallel with ongoing drilling and exploration to expand our resource base on our surrounding highly prospective mineral rights.

Summary of Orion Minerals' Latest Assay Results

Orion Minerals (ASX: $ORN) has received further outstanding assay results from the confirmation diamond drilling program in the Flat Mines area at its Okiep Copper Project in South Africa. The intersections achieved to date support geological and grade distribution interpretations that were incorporated in Mineral Resource modelling and estimation for the Okiep Project. The company is nearing completion of Bankable Feasibility Studies to progress to project finance and mine development on brownfields redevelopment sites, while continuing drilling and exploration to expand the resource base on highly prospective mineral rights. The drilling program has confirmed historical information and provided geotechnical data, with the potential for significant benefits in capital and operating costs of the milling and concentrator plants through ore sorting techniques. Orion Minerals remains focused on leveraging the high-grade potential at the Okiep Copper Project to contribute to global metal supply amidst the developing deficit.