Orion Minerals Details Plans Of Acquiring The Jacomynspan Nickel-Copper-PGE Project
Orion Minerals Details Plans Of Acquiring The Jacomynspan Nickel-Copper-PGE Project. Orion Minerals has announced that it is extending the final completion deadline date of a previously announced transaction to acquire the remaining vendor interests at its highly prospective Jacomynspan Nickel-Copper-PGE Project, located 65km north of its Prieska Copper-Zinc-Project in South Africa.
In 2020, the Company announced that it had entered into an agreement whereby Orion would acquire the remaining shares in the Namaqua Disawell Companies held by the other shareholders in the Namaqua Disawell Companies. The transaction was designed to simplify the ownership and management structure of the Jacomynspan Project. The Jacomynspan Project, located on the Namaqua Disawell Companies mining and prospecting rights, contains an intrusive-hosted, sulphide JORC Ni-Cu-PGE Mineral Resource of 6.8Mt containing 39,000 tonnes nickel at 0.5% Ni, 22,000 tonnes Copper at 0.3% Cu and 1,800 tonnes cobalt at 0.03% Co, drilled between 1971 and 2012.
Orion’s strategy is to focus on exploring and developing globally significant multi-commodity base metals deposits located in outstanding mineral belts and Tier-1 mining districts such as the Areachap Province of South Africa and the Fraser Range Province of Australia. It aims to target projects capable of meeting growing demand for key industrial metals – such as copper, zinc and nickel – which have strong market fundamentals because of declining global resource inventories, falling grades at major mines and lack of investment in new mines. It also aims to concentrate on fast-tracking the development of the Prieska Copper-Zinc Project, where a positive updated Bankable Feasibility Study was completed in May 2012.
Orion Minerals Ltd is a globally diversified metal explorer and developer which is on track to become a new generation base metals producer through the development of its flagship Prieska Copper-Zinc Project and its near-term Okiep Copper Project, both located in South Africa’s Northern Cape.
