SENS-AI
ORN Operational Update Bullish

ORION MINERALS LIMITED - Resource Optimisation Drilling Extends Significant Copper Mineralisation at Flat Mine East, Okiep Copper Project

Orion Minerals Limited
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What this filing means

Orion Minerals reported positive extension drilling results at Flat Mine East confirming down-dip copper mineralisation, though laboratory assays remain pending.

Bull case

  • Drill hole OFMED157 successfully intersected a 7.88m zone of visible copper sulphide mineralisation, confirming down-dip extension at Flat Mine East.
  • The new intersection is strategically located 36m down-dip from previously reported high-grade results, reinforcing the continuity of the orebody.

Bear case

  • The findings at OFMED157 currently rely on visual estimates, introducing inherent uncertainty until laboratory assays are finalized in approximately three weeks.
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Category
Operational Update
Event posture
Constructive
Published
May 12, 2026

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