Wrap Text
Orion receives Environmental Authorisation for mining the Vardocube extension of its Prieska Copper-Zinc Project
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
(“Orion” or “the Company”)
Orion receives Environmental Authorisation for mining the Vardocube extension of its flagship Prieska
Copper-Zinc Project in South Africa
Grant of the Environmental Authorisation (EA) by the South African Department of Mineral Resources
and Energy for mining the Vardocube Resource, marks a further major milestone in the development
of the Prieska Copper-Zinc Project in South Africa’s Northern Cape Province.
The grant of the EA is the final step in the process leading to grant of the Mining Right for Vardocube,
which covers the south-eastern strike extension of the Prieska deposit.
The grant of the EA for Vardocube follows the grant in August 2019 of the EA and Mining Right to sister
company Repli, which covers the majority of the Prieska Project Mineral Resource.
Orion’s Managing Director and CEO, Errol Smart, commented:
“This marks another significant milestone in our strategy to deliver a substantial new base metals mine at
Prieska. With the grant of the Environmental Authorisation and Mining Right for the bulk of the Prieska Mineral
Resource secured in August last year, the grant of the the Vardocube EA represents the final step towards securing
the Mining Right covering the south-eastern extension of the deposit. The award of this important authorisation is
testament both to the commitment of the Orion leadership team to deliver this project and to the support of the
South African authorities in facilitating new investment in a modernised mining sector.”
Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) is pleased to announce that its subsidiary,
Vardocube (Pty) Ltd (Vardocube), has been granted an Environmental Authorisation (EA) for mining by the South
African Department of Mineral Resources and Energy, over Vardocube’s portion of the flagship Prieska Copper-
Zinc Project in South Africa’s Northern Cape Province (Prieska Project).
The grant of the Vardocube EA, which covers the south-eastern strike extension of the Prieska orebody, follows the
grant in August 2019 of a Mining Right to Repli Trading No. 27 (Pty) Ltd (Repli), which owns the majority of the
Prieska Copper-Zinc Mineral Resource. The grant of the Vardocube EA represents a major step towards the
development of the Prieska Project and clears the way for construction to commence, following project financing.
Following the completion of the Prieska Project Bankable Feasibility Study (BFS) in June 2019, Orion has been
progressing optimisation studies and preparations for mine construction and securing project funding. The
outcomes of the optimisation studies will be incorporated into updated operating plans to determine a final
business case which will support the updated BFS Report, targeted for completion in early Q2 CY2020.
This approach will ensure that the project execution incorporates as many improvements as possible, further de-
risking the Prieska Project and providing the best financial outcome.
This announcement is authorised by the Board.
Errol Smart
Managing Director and CEO
9 March 2020
ENQUIRIES
Investors Media JSE Sponsor
Errol Smart – Managing Director & CEO Nicholas Read Rick Irving
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: rick@merchantec.co.za
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: 09-03-2020 07:57:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
