Orion to deliver feasibility studies on Okiep, Prieska projects within five months
ASX- and JSE-listed Orion Minerals has appointed Nick Fouche project director to oversee the completion of a feasibility study for the Prieska copper and zinc mine, in South Africa’s Northern Cape province.
Fouche, as a highly regarded global mining executive with experience in the development of major mining projects, is poised to work alongside LMMS Consultants on ongoing optimisation work for the Prieska feasibility study.
Notably, he was part of the Palabora Mining Company’s development of South Africa’s last major copper mine and previously held senior roles within South32, MMC Mining, Rio Tinto and Piedmont Lithium.
Orion has identified the potential for further upside that may be realised from the optimisation of the mine scheduling and design, hence the company’s appointment of LMMS to execute an optimisation programme in the current quarter.
The outcomes of this work will be incorporated in the final Prieska feasibility study, which is now scheduled for delivery in the first quarter of 2025.
Meanwhile, Orion is also advancing a feasibility study on the Okiep copper project, which is also located in the Northern Cape province. Notably, a feasibility study on the Flat Mines project, within the broader Okiep project, is on track for external review in mid-November.
The feasibility study on the Flat Mines area is expected to be delivered later this year and will incorporate confirmatory diamond drilling results that Orion published earlier in the September quarter.
Notable intersections include 24 m of copper grading 4.14%, 14 m of copper grading 2.58% and 36 m of copper grading 1.1%.
Orion undertook a capital raising of A$11.3-million, or R136-million, in the September quarter, which will help see it through permitting and infrastructure development for early production at Okiep, as well as further development at Prieska.
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