01 Jun - 7 min read

Orion signs MOU with South Africa’s Council for Geoscience to collaborate on Northern Cape exploration initiatives

Orion signs MOU with South Africa’s Council for Geoscience to collaborate on Northern Cape 
exploration initiatives

Orion Minerals Limited
Incorporated in the Commonwealth of Australia
Australian Company Number 098 939 274
ASX share code: ORN
JSE share code: ORN
ISIN: AU000000ORN1


Orion signs MOU with South Africa’s Council for Geoscience to collaborate on Northern Cape
exploration initiatives


First project will be cooperation on Orion’s upcoming SkyTEMTM geophysical survey over the Okiep Copper District,
expected to be the first survey of its kind in this world-class copper district.

-    Orion to cooperate with geoscientists from the Council for Geoscience, Republic of South Africa (CGS)
     to advance the geological understanding of the Northern Cape, South Africa.

-    Studies aimed at stimulating greenfields exploration in an underexplored geological terrain.

-    Particular focus on the application of modern exploration techniques, including geophysics,
     geochemistry and remote sensing.


Orion’s Managing Director and CEO, Errol Smart, commented on the collaboration:
“We have been impressed by the CGS’s recent drive to acquire, organise and make baseline geological data
available to assist explorers and help stimulate a greenfields exploration boom in South Africa.

“CGS have recognised that their counterparts worldwide play a critical role as the custodians of historic
exploration data, as well as in undertaking large, district-scale geoscientific studies that are often not within the
capabilities of individual explorers. These surveys and related geoscientific studies often result in accelerated
exploration programs by mineral exploration companies that can sometimes lead to major discoveries that bring
economic benefits to the regions. There have been many examples of this in Australia – most recently in the East
Tennant region, where regional initiatives by Geoscience Australia has effectively led to the discovery of an entirely
new IOCG district.

“Under this MOU, we intend to work with our geoscientific colleagues at the CGS, sharing both data and technical
skills. The collaboration is on a non-exclusive basis and we sincerely hope that our fellow exploration and mining
companies in the Northern Cape will join us in this exciting endeavour. While we recognise and respect the need
for confidentiality for each company’s key intellectual property and commercially sensitive exploration results, we
think we can all gain much more by sharing and working together for a mutual good, than for each team to be
working in ‘secret silos’. The sooner we pool the extensive geoscientific skills available in South Africa, and
collaborate on gathering and harmonising datasets, the sooner we will make major new discoveries.

“Our intended first collaboration with CGS will be for the acquisition and interpretation of a district-scale SkyTEMTM
airborne electromagnetic survey over the Okiep Copper District. Orion is preparing to fly a close-spaced survey at
150m line spacing commencing in June this year to detect massive sulphide bodies – the first survey of its kind in
this world-class copper district. As part of its collaboration with CGS, Orion will also fund a regional survey at 1,000m
spaced lines, in-filling the 10,000m line spacing flown by the CGS earlier this year with the data to go on open file
and be available for other explorers operating in the region.”

CGS CEO, Mosa Mabuza commented:

“Orion Minerals has been a trail-blazer for the junior mining and exploration sector in South Africa, both at their
flagship Prieska Copper-Zinc Project and more recently in the Okiep Copper District, and we are delighted to have
signed this MOU with them to work together on a number of significant exploration initiatives in the Northern Cape.
We see this partnership as a great opportunity that will demonstrate the importance of collaborating with key
stakeholders to uncover the untapped geology that South Africa is blessed with. It will go a long way to secure
the 5% global exploration share consistent with the commitment of the Minister of Mineral Resources and Energy
of South Africa, Mr SG Mantashe (MP). This collaborative effort established with Orion, marks a quantum leap to
work together by acquiring, sharing data and information as well as ideas to make the next generation of
discoveries for South Africa’s future.”

“The Northern Cape Province is one of the most geologically prospective regions in the world, and yet has had
very little modern exploration over it. We believe that there is a major opportunity by applying the latest exploration
techniques and methodologies to make significant new discoveries. It all begins with having access to high-quality
data, and that’s what this MOU is all about.”


Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) is pleased to announce that it has signed a
Memorandum of Understanding (MOU) with the Council for Geoscience, Republic of South Africa (CGS) to
collaborate on joint initiatives in the Northern Cape Province aimed at stimulating exploration activity and
enhancing regional exploration targeting across this highly prospective region.

Under the MOU, Orion and the CGS will cooperate on matters of common interest, particularly with respect to
national priorities, research, geoscientific advice and development.

The parties will benefit by cooperating on joint exploration initiatives and the exchange of information, scientific
and technical personnel and research into subjects of mutual interest. The main purpose is to enable a two-way
flow of knowledge, information and collaborative research aimed at stimulating exploration activity and
potentially unlocking a new generation of mineral discoveries in the Northern Cape Province.

Cooperation initiatives under the Memorandum of Understanding with Council for Geoscience
Under the terms of the MOU, exchange and cooperation is intended to be conducted in the following ways:
   •   Skills development;
   •   Capability and capacity augmentation;
   •   Joint project development and implementation;
   •   Implementation of high-resolution in-fill surveys;
   •   Data, information and knowledge sharing;
   •   Technology development and implementation; and
   •   Other forms of cooperation as may be mutually agreed upon by both Parties.

The parties intend to enter into formal written agreements on specific cooperative projects, with the scope for
cooperation expected to include activities such as:
   •   Geoscientific professional services and/or advice;
   •   Geophysical surveys; and
   •   Projects of mutual benefit, as agreed to by both parties in writing.

Subject to mutual agreement, other areas of cooperation may be identified subject to the resources and capacity
of the parties.


Okiep District Aeromagnetic Survey

One of the first joint projects to be undertaken under the MOU will be a collaboration between Orion and the CGS
on the Company’s upcoming SkyTEMTM electromagnetic (EM) survey over its Okiep District properties.

Orion is scheduled to fly a high-resolution helicopter borne SkyTEMTM survey over the Okiep district commencing in
mid-June 2021. The Orion survey will be flown at 150m line spacing and will be the first airborne EM survey flown
over the district, which has geology well-suited to mapping using modern EM techniques.

In order to advance the understanding of the district’s structural geological controls, Orion will also fund the flying
of lines at 1,000m line spacing for CGS, which earlier this year flew 10,000m spaced lines over the district. The data                                                                                                                     
for the 1,000m line spacing is intended to go on open file and be available for all explorers working in the district
to assist with their structural interpretation.



For and on behalf of the Board.


Errol Smart
Managing Director and CEO

1 June 2021


ENQUIRIES

 Investors                                   Media                                        JSE Sponsor
 Errol Smart – Managing Director & CEO       Nicholas Read                                Monique Martinez
 Denis Waddell – Chairman                    Read Corporate, Australia                    Merchantec Capital
 T: +61 (0) 3 8080 7170                      T: +61 (0) 419 929 046                       T: +27 (0) 11 325 6363
 E: info@orionminerals.com.au                E: nicholas@readcorporate.com.au             E: monique@merchantec.co.za


Disclaimer
This release may include forward-looking statements. Such forward-looking statements may include, among other things,
statements regarding targets, estimates and assumptions in respect of metal production and prices, operating costs and results,
capital expenditures, mineral reserves and mineral resources and anticipated grades and recovery rates, and are or may be
based on assumptions and estimates related to future technical, economic, market, political, social and other conditions.
These forward-looking statements are based on management’s expectations and beliefs concerning future events. Forward-
looking statements inherently involve subjective judgement and analysis and are necessarily subject to risks, uncertainties and
other factors, many of which are outside the control of Orion. Actual results and developments may vary materially from those
expressed in this release. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-
looking statements. Orion makes no undertaking to subsequently update or revise the forward-looking statements made in this
release to reflect events or circumstances after the date of this release. All information in respect of Exploration Results and
other technical information should be read in conjunction with Competent Person Statements in this release (where
applicable). To the maximum extent permitted by law, Orion and any of its related bodies corporate and affiliates and their
officers, employees, agents, associates and advisers:
•     disclaim any obligations or undertaking to release any updates or revisions to the information to reflect any change in
      expectations or assumptions;
•     do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the
      information in this release, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or
      implied in any forward-looking statement; and
•     disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for
      negligence).




                                                                                                                                  

Date: 01-06-2021 08:35:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.
Information on this Website is provided for general information purposes only and is not a substitute for professional advice. ASX Information (including company announcements and prices) is delayed by at least 20 minutes. JSE Information (including company announcements and prices) is delayed by at least 15 minutes. Reliance on the information you access on or from this Website is solely at your own risk. We make no representation or warranty in relation to the future performance of the companies that appear on this Website. Investment in securities involves risk and you should obtain independent professional legal, financial, investment or company advice before acting on any of the information you access on this Website. Using, browsing or otherwise accessing this Website is subject to our Terms and Conditions and our Privacy Policy.

© 2021 Listcorp. ABN 60 166 140 307

Never miss news from Orion Minerals Limited (JSE:ORN) when you join Listcorp.