Name of the Project
Prieska zinc/copper project.

Location
The project is located 270 km south-west of Kimberley, in the Northern Cape, South Africa.

Client
Orion Minerals owns an effective 73.33% interest in the project through its subsidiary companies.

Project Description
The Prieska zinc/copper deposit has been recorded as one of the world’s top 30 volcanogenic massive sulphide deposits.

The project encompasses the historical Prieska copper mine, where mining ceased in 1989. The site was closed and rehabilitated in 1991, leaving behind a significant portion of the Copperton deposit.

Initial metallurgical testwork at the proposed project has yielded positive results, demonstrating Prieska’s potential to produce high-quality marketable zinc and copper concentrates.

The project has total mineral resources of 29.4-million tonnes for 1.13-million tonnes of zinc and 360 000 t of copper.

Orion intends to establish new mining operations to continue the extraction of the remaining deposit.

Orion MD and CEO Errol Smart has indicated that the project will likely comprise an openpit and underground operation, with the openpit to produce ore while the underground operations are dewatered and re-established.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
None stated.

Value
Not stated.

Duration
Orion Minerals aims to reopen the Prieska mine in 2020.

Latest Developments
Orion Minerals has appointed Endeavour Financial as financial adviser to assist in evaluating funding options for the Prieska zinc/copper project.
  
Orion recently announced that it had secured a new A$3.6-million loan facility from Tembo Capital Mining, with the proceeds to be used to progress the project's bankable feasibility study, which is on track for completion in the second quarter of this year.

Orion plans to bring the 2.4-million-tonne-a-year project into production as quickly as possible.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Orion Minerals, tel +61 3 8080 7170, fax +61 3 8080 7174 or email info@orionminerals.com.au.