Orion’s focus is on building a portfolio of quality development and exploration properties in the highly prospective Areachap Terrane of the Northern Cape Province of South Africa. The Company has taken advantage of depressed commodity prices to enter into the options to acquire the properties, which have the potential to provide significant growth for shareholders. The key asset is the historically operated Prieska Copper Mine, with the opportunity for an initial quick start up and low cost open pit operation to be followed by an underground operation extracting significant remaining resources utilising the development in place from the previous operations. In addition to Prieska, Orion has options to earn into a number of nearby prospecting rights, with their high prospectivity demonstrated by a number of quality VMS Zn-Cu and intrusive related Ni-Cu-PGE occurrences and resources. In Australia work is continuing on the highly prospective Connors Arc Au-Ag and Fraser Range Ni-Cu Projects. The full research report can be accessed by clicking below.
Orion is a great story - especially given how relatively advanced things are, but still with a lot of exploration upside. I believe the MD Errol Smart is presenting at Africa Down Under on Thursday.