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Africa|Copper|Environment|Mining|PROJECT
Africa|Copper|Environment|Mining|PROJECT
africa|copper|environment|mining|project

Orion to publish results of Okiep, Prieska studies in March

28th February 2025

By: Creamer Media Reporter

     

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ASX- and JSE-listed Orion Minerals has informed shareholders that the independent reviews of the definitive feasibility studies (DFSs) for both the New Okiep Mining (NOM) Flat Mines project and the Prieska copper/zinc mine (PCZM), in South Africa, are well advanced and nearing completion.

Following internal governance processes, both the NOM and PCZM externally reviewed studies will be submitted for review and approval by Orion's board and project partners. Subject to any unforeseen delays, Orion expects to publish the results of the NOM DFS during the week of March 10, followed by the results of the PCZM DFS in the last week of March. 

"The intensive internal and external review processes undertaken in recent months are expected to result in robust project studies that will assist in securing project funding from debt and equity sources as well as offtake-related funding," the company states. 

It adds that the strong copper market outlook and pricing environment provides a favourable backdrop for the company to execute its funding and development plans for both copper assets.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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