Orion Minerals Ltd Quarterly Activities Report
Key points
- Glencore financing and offtake arrangements finalised.
- Construction of Uppers Mine at Prieska to commence in December 2026.
- Progress on optimisation of Flat Mines at Okiep.
- Drilling program planned for Flat Mine East and Flat Mine South.
- Focus on community engagement and safety.
Full summary
Orion Minerals Ltd reported significant progress in its September 2026 Quarter Activities Report. The company finalised Glencore financing and offtake arrangements, enabling the commencement of the Uppers Mine construction at Prieska in December 2026. Substantial progress was made towards construction readiness at Prieska, including project execution planning, contractor selection, and operational readiness. The optimisation of the Flat Mines 2025 DFS at Okiep was completed, identifying opportunities to improve mining methods and processing. Drilling preparations were made for a program targeting high-grade mineralisation at Flat Mine East and Flat Mine South. Orion's focus for the remainder of the year includes commencing early-stage works at Prieska and continuing the Flat Mines optimisation program.
Guidance
No specific financial guidance provided in the announcement.
Outlook
Orion's immediate priorities for the December 2026 Quarter are to progress the initial drawdown of the Glencore Tranche A financing, commence early-stage works at Prieska and continue the Flat Mines optimisation program at Okiep.
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