Orion: Works Pave Way for Updated Resource at Prieska

The company said the infill drilling program was primarily designed to increase sample density for the deep sulfide mineral resource, with the objective of upgrading the inferred resource reported previously.

Orion Minerals (ASX,JSE:ORN) has announced that it has successfully completed an 85,424m infill and extension drilling program at its Prieska zinc-copper project in the Areachap belt in South Africa’s Northern Cape Province.

The company said the infill drilling program was primarily designed to increase sample density for the deep sulfide mineral resource, with the objective of upgrading the inferred resource reported previously as the foundation for the ongoing bankable feasibility study due for completion early next year.

As highlighted in the press release:

  • Prieska deep sulfide project drill-out program completed on schedule.
  • Excellent safety record maintained over duration of the program.
  • 85,424 metres drilled since May 2017 with up to 18 surface diamond drill rigs.
  • 87 intersections completed to in-fill and twin historical drilling; 15 intersections for metallurgical sampling.
  • Updated mineral resource scheduled for mid-December 2018 to underpin bankable feasibility study.
  • High priority target areas identified for follow-up drilling to target extensions to intersected mineralization.

Click here to read the full Orion Minerals (ASX,JSE:ORN) press release.

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Under the HoA, subject to securing approval by OT LLC and any required support from the Government of Mongolia, and subject to timing, availability, and terms and conditions being acceptable to both parties, Rio Tinto and TRQ will:

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– Trodelvy is Under Regulatory Review in the EU and in the United Kingdom, Canada, Switzerland and Australia as Part of Project Orbis

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Rio Tinto details $47 billion 2020 economic contribution, including $8.4 billion of taxes and royalties

Rio Tinto today released its 2020 Taxes paid: Our economic contribution report , which shows the company made a total direct economic contribution of $47 billion in the countries and communities where it operates, including $8.4 billion of taxes and royalties.

Despite the widespread challenges of COVID-19 in 2020, the contribution was up from the previous year, when Rio Tinto made a total direct economic contribution of $45.1 billion in the countries and communities where it operates, including $7.6 billion of taxes and royalties.

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