Orion (US:ORN)2025-08-01 02:00Project Overview - Orion Minerals is focused on developing two fully permitted brownfield projects: the Prieska Copper Zinc Mine (PCZM) and the Flat Mines at the Okiep Copper Project (OCP)[27] - The company holds 3,582 km2 of prime exploration and mining rights in two highly prospective regions[25] Financial Highlights - PCZM DFS shows an NPV of AUD568 million, an IRR of 26%, and a peak capital requirement of AUD578 million[28] - Flat Mines (at Okiep) DFS indicates an NPV of AUD75 million, an IRR of 19%, and a peak capital of AUD103 million[28] - The purchase consideration payable by Orion for acquiring the controlling interest in the Okiep Copper Project is approximately ZAR60 million (~$4.9 million)[21] - Market capitalization is AUD80.1 million (USD52.2 million)[18] Development Strategy - The company's strategy involves developing the flagship PCZM project first, followed by optimization of the Flat Mines at OCP[32] - First concentrate from PCZM Uppers is expected 13 months after financing[32] - The company is targeting concentrate production by Christmas 2026[49] Funding and Shareholder Structure - Tembo Capital holds 14.9% of the current share issue[20] - Delphi Group holds 11.0% of the current share issue[20] - Clover Alloys (SA) holds 8.6% of the current share issue[20]