ORION METALS LIMITED (ASX:ORM)

GOLD & RARE EARTH METALS

  • Experienced Board and Management with extensive geological and managerial experience.
  • Joint Venture on Malcolm Creek with Newmont has produced early encouraging results.
  • Properties are all in prospective districts, based on local or regional discoveries.
  • Top Camp drilling results are pending and will be available late July 2010.
  • All properties are believed to include large-scale potential targets.
  • Several exploration permits have been applied for or secured for their potential to host rare earth mineralisation.

Our ongoing strategy is to focus on Gold and Rare Earth Metals. The 17 rare earth metals are critical components for many new technologies, with extensive uses in renewable energy and zero emission vehicles. We have recently acquired a number of exploration permits throughout north and central Queensland that may host rare earth elements (REE) and we remain on the lookout for opportunities in Rare Earths and Gold.

An investment in Artemis Resources provides an exposure to the increasing demand for Lithium via the Buchanan’s Creek Tantalum-Lithium project.  We believe that the Lithium market will continue to be strong for some time and so we remain on the lookout for other Lithium projects where Orion can create value. 

With the consistent and substantial increase in the Gold price we remain committed to developing our exploration opportunities in this area.  In addition to our drilling at “Top Camp”, our joint venture partner at Malcolm Creek, Newmont Exploration Pty Ltd has completed field work and a drilling programme is being considered for FY10 to further explore for Gold.

Orion is currently assessing other gold and rare earth metals opportunities as well as investigating new project generation concepts. We will look forward to communicating these with you in the future once these prospects develop.

 

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