Orion Minerals Limited (ASX:ORN) (JSE:ORN) CEO and managing director Errol Smart speaks to Proactive Investors about the latest developments with the exploration and development company's projects located in the Areachap Belt, South Africa.
Diamond drilling results from the Jacomynspan project correlate with earlier indications of a Nova-Bollinger style nickel-copper sulphide deposit. Exploration work there is ongoing. Independence Group (ASX:IGO) have invested in Orion to gain exposure to this find.
An 18-hole diamond drilling program is currently deployed at the flagship Prieska zinc-copper project. Smart says, "it's just one of those projects that keeps delivering exactly as per expectation. There's very few times in a miner's career or in a geologist's career that you set out to do something exactly according to a program, and it just keeps achieving every one of those objectives, or overachieving the objectives as you go. And we are still well on track, we'll complete the work by the end of the year."
The company has completed cash raising to help conclude a bankable feasibility study on that project early next year.