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Orion Minerals Ltd (ASX:ORN)

ALERT: Price-sensitive ASX Announcement for ORN
Current share price for ORN : $0.023 -0.001 (-4.17%)+
Announcement
Release
29 Jun 2026 8:49AM
Price at Release
$0.024
Full Release
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Summary
Orion Minerals Ltd has announced significant high-grade assay results from their Okiep Copper Project, specifically at Flat Mine East. The latest drilling, particularly hole OFMED158, revealed a 3.96m intercept grading at 4.64% copper, including a section with 14.19% copper. This confirms the down-dip continuity of the high-grade copper zone, extending it by 39m beyond a previous intercept. These findings highlight the potential for further resource expansion and support Orion’s broader developmental strategy for the region. The mineralisation is hosted in norite with bornite and chalcopyrite, and remains open at depth, indicating potential for additional exploration success.
Key Points
  • High-grade copper intercept of 3.96m at 4.64% Cu at Flat Mine East.
  • Includes a section of 0.95m at 14.19% Cu.
  • Extends known copper zone by 39m down-dip.
  • The mineralised interval contains bornite and chalcopyrite within norite.
  • Results suggest significant potential for resource expansion.
  • Drilling supports strategic development of Okiep Copper Project.
  • Drill hole OFMED158 confirms continuity and open depth potential.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.