Financing for Prieska Deeps continues in parallel with project engineering
An early production assessment for the Prieska Copper-Zinc Project has been fast-tracked, with investigations into phasing the project development to bring forward the first concentrate production and evaluate remnant pillar mining potential, expected to be completed by Q3 2022, says Orion Minerals.
Resource in-fill drilling commenced at the 105 Level supergene resource at Prieska to support potential early production from open pit mining.
6,000m underground diamond drilling program underway, targeting remnant pillars at Prieska, with a Mineral Resource update expected to be estimated by Q3 2022.
Discussions with banks and financiers regarding the financing for the Prieska Deeps Project are continuing in parallel with the engineering assessment of the early works opportunities.
Discussions was also initiated with potential financiers who have expressed interest in funding the early dewatering and production plan.
Orion extended an agreement to consolidate ownership of the highly prospective Jacomynspan Nickel-Copper-PGE Project to provide additional time for the owners to discuss a potential expanded and revised transaction, whereby additional prospective Southern African nickel projects may be combined with the Jacomynspan Project.
