Orion Minerals has partnered with Byrnecut to provide underground mine development and mine production services at the Prieska copper-zinc project in the Northern Cape province of South Africa.
Byrnecut also committed to providing local employment and skills transfer, while collaborating with local black economic empowerment (BEE) enterprises.
Both companies are devoted to progressive transformation and modernisation of the South African mining industry.
Orion was granted mining rights for the project this year after a positive bankable feasibility study (BFS), which showed high margin and long-life underground mining operations at Prieska.
The operation projects the mining of 2.4 million tonnes a year of run-of-mine feed over 10 years, with 21 thousand tonnes of copper and 70 thousand tonnes of zinc as differentiated concentrates each year.
Orion managing director Errol Smart said the company was working with its partners to establish a world-class mine in the Northern Cape.
“Byrnecut has an impressive reputation on the African continent both in terms of their operational proficiency and their approach to skills transfer and harmonious relations with local communities. Their involvement in developing Prieska will be invaluable,” Smart said.
Melbourne-based Orion raised $11 million to complete the feasibility study last year.
Regarding the raise, Smart previously said, “Our primary focus is Prieska, however, given the quantum of funds raised under the placements, we are also in the fortunate position of being able to invest in the exploration of our highly prospective landholdings that present significant potential further upside for shareholders.”