Orion's copper belt


In Greek mythology, Orion was a hunter; a very fitting name for the junior miner, Orion Minerals, as they explore South Africa and Australia in search of new mineral deposits. 

Armed with new mining and drilling technology, Orion discovered one of the world’s top volcanogenic massive sulphide (VMS) base metal deposits, a copper belt in the arid Northern Cape, that has the potential to deliver 226kt of copper and 680kt of zinc from an old AngloVaal mine where gold was mined three decades ago. This is the Prieska Copper – Zinc project which consists of an underground and open pit mine. 

The initial plan was to start mining the underground mine and only start mining the open pit mine in 13 years’ time. 

Currently, copper prices are extremely strong, almost $10,000 per ton, due to this Orion decided to re-assess their initial plans and rather accelerate the feasibility study of the open pit mine and have an investment decision by mid-2022. If Orion decides to go ahead to start producing from the open pit mine it could mean that Orion starts producing copper within 24 months , a whole year EARLIER than anticipated!

This little stock is super high risk but if all goes to plan it could pay investors rich returns within 24 months.

Here is a company overview of Orion Minerals Limited : 

Company Overview of Orion Minerals Limited


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