Orion Minerals is an Australia-based mineral exploration company with a portfolio of gold, copper, nickel, zinc and silver projects in world-class mineral regions in Australia and South Africa.

In South Africa, the group has an active exploration project underway at the Areachap Terrane in the Northern Cape, which includes the Prieska Copper Project (zinc and copper), the Marydale Project (gold) and the Masiqhame Project and Jacomynspan Project (Nickel, Copper and PGE).

In Australia, the group has projects underway in Central Queensland and Western Australia. Orion Minerals shares hold a dual-listing on the Australian Stock Exchange and Johannesburg Stock Exchange (JSE). It listed on the JSE in September 2017, and the company today has a JSE market cap of R1.4 billion.

The group has a strong history of acquisitive growth. Having already secured projects in Australia, 2015 heralded a decision to buy into South Africa, with the intent to acquire the unlisted Agama Exploration. This was in line with the group’s focus on acquiring zinc-copper projects at the bottom of the base metals cycle, giving the company a majority stake of the Prieska Zinc-Copper Project and exploration portfolio in the Northern Cape. Giving the company access to one of the world’s largest zinc-copper deposits, the acquisition was forecast to drive major growth for the company. With the purchase completed in March 2017, Orion has embarked on an intensive growth and development strategy to advance the project towards production and establish itself as a significant new global player in the sector.

The group has continued to develop its projects in Australia, with capital investments in expanding exploration activities, and the signing of joint venture agreements. With various projects in their startup and investment phases, Orion has not been in a position to start making profits. The group’s latest financial data showed a AUS$7.29 million loss for the year ended June 2017, mainly due to the costs incurred from the key acquisition of the projects in South Africa, and the investment in getting the project up and running. The group has forecast that this project will be fully operational by the end of 2018.

Activities in Australia have taken a backseat to the South African project. No work has been undertaken at the Connors Arc and Walhalla gold projects, with the company only seeking to progress these projects through joint ventures or similar partnerships. A joint venture agreement at the Fraser Range Nickel-Copper Projects is yielding some dividends.

The live online stocks chart shows that Orion Minerals share price has stagnated completely on the Australian Stock Exchange as it continues to develop its potential projects. Currently Orion Minerals shares are for sale at an extremely low price, so investors could pick them up cheaply if they are prepared to be patient as the key project in South Africa evolves. Activities in Australia have been put on the back-burner for now, so investors will be placing all their faith on the South African project.

Gold Mining

Mining and Exploration

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