Orion Minerals (ASX:ORN) said it expects to publish the results of its definitive feasibility studies (DFS) for the New Okiep Mining Flat Mines project and the Prieska copper-zinc mine in South Africa within March, according to a Friday filing with the Australian bourse.
The DFS for New Okiep Mining is expected in the week of March 10, while that for Prieska Copper Zinc Mine is anticipated in the last week of the month. The timeline is subject to any unforeseen delays, per the filing.
Orion will use the studies to take its funding and off-take discussions to the next stage as it wants both projects to move towards development and production "as soon as possible," the filing stated.
Orion Minerals' shares were down over 6% in recent trade.
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