Orion Minerals Ltd
Market wrap: rising inflation crushes share prices and hopes of a rate cut
Stubbornly high Australian inflation pushed down Australian shares for the second day as hopes of interest rate cuts this year evaporated like morning mist. Exacerbating the damage was shares in mining heavyweight BHP (ASX: BHP) which were crunched down by 4.6% to $43.15 after it finally publicly revealed a $60 billion bid for London listed […]
Orion Minerals’ high-grade copper strike at Flat Mine East heralds revival of Okiep region
Orion Minerals (ASX: ORN) has reported “spectacular” initial results from diamond drilling at the Flat Mine East prospect within its Okiep copper project in South Africa’s Northern Cape province. Drilling has so far returned a best result of 49 metres at 4.89% copper from 231m down-hole, including 10.23m at 12.47%. It is believed to be […]
British billionaire and James Bond connection injects new energy into Orion Minerals
There are plenty of reasons for investors to avoid Orion Minerals (ASX: ORN), a copper hopeful which has essentially gone nowhere over the past 10 years, and a few important reasons to take a closer look at a company showing signs of stirring. Negatives include its focus on assets in South Africa, a country struggling […]
Independence Group raises the stakes in South Africa through Orion Minerals
Orion Minerals (ASX: ORN) has underlined its commercial intentions by welcoming one of Australia’s brightest mid-cap names onto its shareholder register. Independence Group (ASX: IGO) is an emergent resource company that has quickly become one of the leading mid-tier miners in South Africa in recent years. Independence (IGO) also has a range of base metals […]