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Orion Minerals Ltd.
Summary
| Project: | Prieska | |
|---|---|---|
| Deposit: | Vardocube | |
| Location: | South Africa | |
| Commodities: | Copper-Zinc | |
| Date: | 3/9/2020 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-3-2020: Orion Minerals Ltd. announces an EIA/ESIA report for its Vardocube deposit at the Prieska project. Orion receives Environmental Authorisation for the Vardocube extension at the Prieska Project. Orion Minerals Limited (ASX/JSE: ORN) (Orion or the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) is pleased to announce that its subsidiary, Vardocube (Pty) Ltd (Vardocube), has been granted an Environmental Authorisation (EA) for mining by the South African Department of Mineral Resources and Energy, over Vardocube’s portion of the flagship Prieska CopperZinc Project in South Africa’s Northern Cape Province (Prieska Project). The grant of the Vardocube EA, which covers the south-eastern strike extension of the Prieska orebody, follows the grant in August 2019 of a Mining Right to Repli Trading No. 27 (Pty) Ltd (Repli), which owns the majority of the Prieska Copper-Zinc Mineral Resource. The grant of the Vardocube EA represents a major step towards the development of the Prieska Project and clears the way for construction to commence, following project financing. Following the completion of the Prieska Project Bankable Feasibility Study (BFS) in June 2019, Orion has been progressing optimisation studies and preparations for mine construction and securing project funding. The outcomes of the optimisation studies will be incorporated into updated operating plans to determine a final business case which will support the updated BFS Report, targeted for completion in early Q2 CY2020. | |
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