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Orion Minerals Ltd (ASX:ORN)

ALERT: Price-sensitive ASX Announcement for ORN
Current share price for ORN : $0.023 0 (0%)+
Announcement
Release
31 Jul 2026 3:23PM
Price at Release
$0.023
Full Release
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Summary
Orion Minerals Ltd has made significant progress in its operations during the June 2026 quarter. Key developments include advancing the Prieska Copper Zinc Mine (PCZM) and Okiep Copper Project (OCP) towards production with a focus on project execution. The company is working towards satisfying conditions for the Glencore US$250 million financing and offtake agreements, with the first bulk copper concentrate production expected in H2 CY2027. A successful capital raising of $15.4 million was completed, providing additional funding flexibility. Optimisation studies and high-grade drilling results at Flat Mine East continue to support resource optimisation. Health and safety remained strong with no reported incidents, and the company was awarded for achieving 3,000 fatality-free shifts. Community engagement efforts are ongoing, particularly in Prieska, with a focus on housing and local procurement opportunities. Orion also continued its participation in BHP’s Xplor accelerator program, enhancing exploration activities.
Key Points
  • Advancement towards production at Prieska Copper Zinc Mine and Okiep Copper Project.
  • Progress in meeting conditions for Glencore financing and offtake agreements.
  • Expected first bulk copper production in second half of calendar year 2027.
  • Capital raising of $15.4 million completed in June 2026.
  • High-grade drilling results support resource optimisation at Flat Mine East.
  • No reported injuries; awarded for 3,000 fatality-free shifts.
  • Ongoing community engagement in Prieska focusing on housing and procurement.
  • Participation in BHP’s Xplor accelerator program continued.
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.