Orion Minerals raises A$5.8m for South African projects

Orion Minerals raised A$5.8 million through a placement and loan conversions, issuing approximately 522 million shares at A$0.011 per share. A share purchase plan will offer up to A$4 million additional funding.

The company targets first bulk concentrate from its Prieska Copper Zinc Mine by Christmas 2026, 13 months after funding is finalised. Funds will support development, dewatering and site works at both the Prieska and Okiep Copper projects in South Africa.