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Orion Minerals secures $22 million in funding ahead of BFS

Orion Minerals secures $22 million in funding ahead of BFS

Orion Minerals Ltd (ASX:ORN, JSE:ORN) MD and CEO Errol Smart sits down with Proactive’s Elisha Newell to discuss the $22 million in funding the company has secured for pivotal early works at the Prieska Copper-Zinc Mine in South Africa. The convertible loan facility from the Industrial Development Corporation of South Africa Ltd will help fund early mining works and key pre-development activities. Funding means Orion can now focus on completing a BFS and start dewatering of the underground mine – critical for long-term development.

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