Power Matla has a strategic equity interest in Orion Minerals NL (4.4%).
Orion Minerals NL is an Australian Securities Exchange and Johannesburg Securities Exchange listed company that is focused on acquiring, exploring and developing large tenement holdings or regional scale mineral opportunities in world-class mineral provinces.
Orion recently acquired an effective 73.33% interest in a portfolio of South African projects, including an advanced volcanic massive sulphide zinc-copper exploration project with near-term production potential at the Prieska Zinc-Copper Project, located near Copperton in the Northern Cape province of South Africa, and the Marydale Gold-Copper Project, a virgin gold discovery of possible epithermal origin, located 60 km from the Prieska Zinc-Copper Project.
In addition to the Prieska Zinc-Copper Project and Marydale Gold-Copper Project, Orion has entered into options and earn-in rights agreements over a large area in the highly prospective Areachap belt, North Cape Province of South Africa. This has secured an outstanding growth and diversification opportunity for Orion. Agreements entered into include an earn in right to ultimately earn a 73% interest in a prospecting right area located approximately 80km north of the Prieska copper Project and an earn in right to ultimately earn an 80% interest, via a South African registered special purpose vehicle which will be 74% owned by Orion, to prospecting and mining right applications.
Power Matla is also a direct BBBEE shareholder in the Prieska Zinc-Copper Project and the Marydale Gold-Copper Project.