The BFS has confirmed Prieska’s potential to underpin a significant low-cost, copper and zinc development project, with exceptional opportunities for future growth. Based on BFS assumptions, the project will provide excellent financial returns for a relatively modest capital investment, given the scale of operations envisaged.
Excitement is building around the expected release on Monday of the eagerly awaited assay results from the third hole drilled at Legend Mining’s (LEG) Area D prospect at its Rockford project in WA’s Fraser Range.
We initiated coverage of ORN almost four years ago and we’ve witnessed the company’s steady progression, transitioning from grassroots explorer to emerging producer via the acquisition and subsequent advancement of its Areachap metal projects in South Africa’s Northern Cape.
A closer look at Orion in this week’s diary is a worthwhile exercise because one company, which is listed on the Australian and Johannesburg stock exchanges, is a case study of South African mining and the drive to kick-start a small mining company culture in a country which has never had one.