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Mining Right Application Submitted for the Prieska Zinc-Copper 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
MINING RIGHT APPLICATION SUBMITTED FOR THE PRIESKA ZINC-COPPER PROJECT
- Mining Right Application submitted to convert Prospecting Right to a Mining Right.
- Environmental Authorisation Application submitted simultaneously.
Orion Minerals Limited (ASX/JSE: ORN) (Orion or Company) is pleased to announce that its subsidiary
company, Repli Trading No 27 (Pty) Ltd (Repli), has submitted an application for a Mining Right
(Mining Right) covering 723ha of executed Prospecting Rights on the Prieska Zinc-Copper Project
(Figure 1).
“Figures" and “tables” referred to throughout this announcement can be viewed on the pdf version
of the announcement, available on the Company's website, www.orionminerals.com.au.
The Mining Right Application is supported by a comprehensive Environmental Authorisation
Application and a provisional Mining Works Programme.
The Mining Works Programme contemplates both open pit and underground mining operations
taking place and use of a froth flotation metallurgical process to produce separate high-quality zinc
and copper concentrates that can be transported by existing road or rail to established ports and
exported to international buyers.
The Mining Right Application also covers the possible toll treatment and/or joint operations with
surrounding future Mining Right Holders.
Orion’s Managing Director and CEO, Errol Smart, commented on the application:
“The application for the Mining Right marks an important milestone for Orion. Our Bankable Feasibility
Study is well on track for completion in early Q4 2018. The Mining Right application will allow us to
meet our objective of commencing mine construction in mid-2019, subject to the anticipated
successful completion of the BFS.”
The Mining Right will allow the Company the use of the existing underground access development,
on which Orion has completed comprehensive engineering studies. Importantly, these studies have
confirmed the underground infrastructure is in good condition and is suitable for future use, resulting
in reduced capital and time requirements, to reach the Deep Sulphide Target. The Deep Sulphide
Mineral Resource straddles the Repli and Vardocube Prospecting Rights and is accessed via shafts
and declines located on the Repli Mining Right Application (Figures 2 and 3) (refer ASX release 9 April
2018).
Mining Right Application Process
Repli’s Mining Right Application has been submitted as required in terms of Section 22, read together
with Regulation 11(1)(g) of the Mineral and Petroleum Resources Development Act (Act 28 of 2002)
of the Republic of South Africa.
The statutory process following the lodgement of a Mining Right Application in South Africa runs for
a prescribed period of 300 business days and includes extensive consultation with all interested and
affected parties (refer to Table 1).
Errol Smart
Managing Director and CEO
9 April 2018
ENQUIRIES
Investors JSE Sponsor
Errol Smart – Managing Director & CEO Rick Irving
Denis Waddell – Chairman Merchantec Capital
T: +61 (0) 3 8080 7170 T: +27 (0) 11 325 6363
E: info@orionminerals.com.au E: rick@merchantec.co.za
Media
Michael Vaughan Barnaby Hayward
Fivemark Partners, Australia Tavistock, UK
T: +61 (0) 422 602 720 T: +44 (0) 787 955 1355
E: michael.vaughan@fivemark.com.au E: orion@tavistock.co.uk
Suite 617, 530 Little Collins Street
Melbourne, VIC, 3000
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: 09/04/2018 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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