Orion Mineral Exploration has centers its Metal production strategy in South Africa. The Australia company which has earned endorsement by JSE(Johannesburg Stock Exchange) for the secondary listing in the gold mining sector will be expected to begin trade on the leading board of Johannesburg bourse by 19th of September.
Orion focus is to accelerate the advancement Prieska project centered in Northern Cape, with the funds used to further comprehensive campaign drilling resource and to clearly delineate inaugural resource estimation for the present ongoing bankable feasibility study (BFS).
The newly stated BFS is to structure both the substantial current historical data set relating to mining and processing activities
In March the group acquired Agama Exploration and Mining, through which its branch company gained a vital 73.33% interest in a portfolio of projects, advanced volcanic massive sulphide zinc-copper exploration project with near-term production potential at the Prieska zinc-copper project, as well as the Marydale prospecting right – a maiden gold discovery of possible epithermal origin, located 60 km from the Prieska project.
Orion will market itself and increase its profile in South Africa since its primary listing on the ASX reported a market capitalisation of about R195.6-million and the Secondary listing will expedite the direct investment in Orion by South African residents.
As at June they recorded cash at hand to be A$3.4-million, which ample to finance exploration and operational activities during the next 12 months and to maintain Orion’s highrise in good standing, the company said.
The ASX-listed group focuses on mining for zinc, copper, nickel, gold and platinum-group elements in South Africa and Australia, with several exploration and mineral development activities under way.