Orion Minerals Limited ( (AU:ORN) ) has provided an update.
Orion Minerals Limited has completed a Definitive Feasibility Study (DFS) for the Flat Mines Project, part of the Okiep Copper Project in South Africa’s Northern Cape Province. The study outlines a robust development pathway for a modern, mechanized underground copper mine, projecting favorable financial outcomes with a net present value of AUD114 million pre-tax and an internal rate of return of 23% pre-tax. The project is fully permitted, with key approvals in place, and is set to proceed with a phased development approach. The initial phase involves the development of the Flat Mines Project and plant construction, followed by expansion to full processing capacity. The project aims to deliver significant value through its exploration potential and planned growth in resources and reserves.
More about Orion Minerals Limited
Orion Minerals Limited is a mining company based in Australia, primarily focused on the development and operation of copper mining projects. The company is engaged in the exploration and development of mineral resources, with a particular emphasis on copper projects in South Africa.
YTD Price Performance: -10.0%
Average Trading Volume: 248,734
Technical Sentiment Signal: Sell
Current Market Cap: A$123.3M
See more data about ORN stock on TipRanks’ Stock Analysis page.