ZINC AND COPPER PROJECT
Orion focuses on wrapping up Prieska drilling
Orion Minerals is spending more than R20m a month on drilling the large deposit
Newly listed Orion Minerals has raised $5.5m towards its drilling programme at its Prieska zinc and copper project to publish a resource statement by March and clear the way to speak more openly about the project, says chairman Denis Waddell. Constrained by Australian bourse rules to refrain from speaking in detail about the project, which entails bringing an opencast mine into production, building a processing plant and resuming operations at an underground mine idled more than 20 years ago, Waddell said a priority for Orion was the completion of the drilling. Orion is spending more than R20m a month on drilling the large deposit, which is estimated to have more than 20-million tonnes of in situ material left behind by Anglovaal Mining when it shuttered the mine around 1990. The drilling will confirm Anglovaal’s extraction data at the Northern Cape mine and avoid a situation similar to that of Central Rand Gold, which found unexpected voids in the reefs it had planned to extract at...
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