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Definitive Feasibility Studies Scheduled for Release in March 2025
Orion Minerals Limited
Incorporated in the Commonwealth of Australia
Australian Company Number 098 939 274
ASX share code: ORN
JSE share code: ORN
ISIN: AU000000ORN1
Definitive Feasibility Studies Scheduled for Release in March 2025
Further to the market updates provided last month, Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) is
pleased to advise that the independent reviews of the Definitive Feasibility Studies (DFS) for both the New Okiep Mining
(NOM) Flat Mines Project and the Prieska Copper Zinc Mine (PCZM) in South Africa are well advanced and nearing
completion.
Following internal governance processes, both the NOM and PCZM externally reviewed studies will be submitted for
review and approval by the Orion Board and project partners. Subject to any unforeseen delays, Orion expects to
publish the results of the NOM DFS during the week of 10 March 2025, followed by the results of the PCZM DFS in the last
week of March 2025.
The intensive internal and external review processes undertaken in recent months are expected to result in robust project
studies that will assist in securing project funding from debt and equity sources as well as off-take related funding.
Following the delivery of the studies in March 2025, Orion will use these important documents as the foundation to
progress project funding and off-take discussions to the next stage, with a view to advancing both projects towards
development and production as soon as possible.
The strong copper market outlook and pricing environment provides a favourable backdrop for the Company to
execute its funding and development plans for both key copper assets in South Africa's Northern Cape Province.
For and on behalf of the Board.
Errol Smart
Managing Director & CEO
28 February 2025
ENQUIRIES
Investors Media JSE Sponsor
Errol Smart – Managing Director & CEO Nicholas Read Monique Martinez
Denis Waddell – Chairman Read Corporate, Australia Merchantec Capital
T: +61 (0) 3 8080 7170 T: +61 (0) 419 929 046 T: +27 (0) 11 325 6363
E: info@orionminerals.com.au E: nicholas@readcorporate.com.au E: monique.martinez@merchantec.com
Disclaimer
This release may include forward-looking statements. Such forward-looking statements may include, among other things,
statements regarding targets, estimates and assumptions in respect of metal production and prices, operating costs and results,
capital expenditures, mineral reserves and mineral resources and anticipated grades and recovery rates, and are or may be
based on assumptions and estimates related to future technical, economic, market, political, social and other conditions.
These forward-looking statements are based on management's expectations and beliefs concerning future events. Forward-
looking statements inherently involve subjective judgement and analysis and are necessarily subject to risks, uncertainties and
other factors, many of which are outside the control of Orion. Actual results and developments may vary materially from those
expressed in this release. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-
looking statements. Orion makes no undertaking to subsequently update or revise the forward-looking statements made in this
release to reflect events or circumstances after the date of this release. All information in respect of Exploration Results and
other technical information should be read in conjunction with Competent Person Statements in this release (where
applicable). To the maximum extent permitted by law, Orion and any of its related bodies corporate and affiliates and their
officers, employees, agents, associates and advisers:
• disclaim any obligations or undertaking to release any updates or revisions to the information to reflect any change in
expectations or assumptions;
• do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the
information in this release, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or
implied in any forward-looking statement; and
• disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for
negligence).
Date: 28-02-2025 08:56:00
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