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ASX / JSE RELEASE : 30 April 2021 Orion Minerals March 2021 Quarterly Activities Report HIGHLIGHTS Exclusive option secured to undertake due diligence and acquire and consolidate dominant ownership of the Okiep Copper Project ( OCP ) , a premier historic copper mining district in South Africa's Northern Cape Province ( Option ) . Separate option agreement secured to acquire the entire database of the O'Okiep Copper Company , including all historical mining and exploration records over areas included in the OCP Option . Data includes exploration records and historical due diligence reviews over much of the Northern Cape Province , including Orion's own Prieska Copper - Zinc Mine and the Areachap Belt . Due diligence work undertaken by Orion at the OCP during the Quarter has underpinned the delivery of a maiden JORC 2012 Mineral Resource estimates for six deposits in the Flat Mines Area totalling 11.5Mt at 1.4 % Cu for 159,000 tonnes of contained copper . Continued positive progress on funding discussions for the Prieska Copper - Zinc Project , Northern Cape , South Africa , with short - listing of contractors also underway . Significant shallow high - grade nickel - copper - cobalt - PGE intercept returned from diamond drilling at the Jacomynspan Nickel - Copper - Cobalt - PGE Project , confirming strong open pit potential : 31.53m at 0.72 % Ni , 0.34 % Cu , 0.05 % Co and 0.45g / t 2PGE + Au from 100.63m down - hole , including : • 7m at 1.55 % Ni , 0.345 % Cu , 0.10 % Co and 0.43g / t 2PGE + Au from 106.00m down - hole . IGO finalises planning and logistics to commence geophysics and drilling at the highly prospective Pike Eye target , located ~ 10km along trend north - east of Legend Mining's ( ASX : LEG ) Mawson nickel deposit . Strongly - supported $ 25 million capital raising completed to fast - track the Company's strategy of developing two significant long - term base metal production centres in South Africa's Northern Cape Province one at Prieska and one at the OCP . Orion's Managing Director and CEO , Errol Smart , said : " The March Quarter was a transformational period for Orion Minerals with a number of a highly significant developments across our business at an extremely opportune time in the demand cycle for future - facing metals required from producers with high ESG standards , for the impending global energy transition . " The key highlight was without a doubt , the signing of an Option Agreement over the Okiep Copper Project ( OCP ) , providing us with a unique opportunity to acquire a dominant position in a world - class copper mining district . " It's been a case of the right deal at the right time and in the right place for Orion , with the transaction having been warmly received by investors around the world at a time when the global pipeline for near- term production opportunities in the copper sector is almost empty . " The OCP has strong operational synergies with our existing flagship Prieska Copper - Zinc Project and will provide an outstanding platform to develop a second base metals production hub in South Africa's Northern Cape . " Orion Minerals Limited Incorporated in the Commonwealth of Australia Suite 617 , 530 Little Collins Street , Melbourne , Victoria 3000 ACN : 098 939 274 Ordinary shares on issue : 4,125m | Options on issue : 234m www.orionminerals.com.au ASX Code : ORN JSE Code : ORN ISIN : AU0000000RN1