On August 2, 2021, Orion's New Okiep Mining Company (Pty) Ltd. (NOMC) (previously Orion Exploration No. 6 (Pty) Ltd.)(OE6) and SAFTA for a suite of minerals giving Orion the exclusive right to prospect on those areas for copper ore, tungsten ore, gold ore and silver ore, among other commodities. These prospecting rights each carry the inherent exclusive right to apply for a mining right.

In terms of the Transaction Agreement, the SAFTA right will be ceded to NOMC subject to MPRDA Section 11 approval being received from the DMRE. Copper oxide staining of outcropping diorite was first discovered at Nigramoep in the late Nineteenth Century. termittent drilling campaigns from the 1950s through to the 1990s led to the evaluation and development of the Nigramoep prospect.

A total of 84,000 metres in 154 surface diamond holes and a further 494 underground diamond holes comprising 74,000 metres were drilled during the course of the life of the mine. All drill results have been digitally captured and stored within Orion's database and are currently being modelled ahead of confirmation drilling that will be required to establish mineral resources declared in compliance with JORC standards. Mine development at Nigramoep commenced in 1990 with a vertical shaft sunk from surface to 868m below surface and a decline system from surface to 911m below surface.

According to historical mine records and verbal accounts from past mine employees, underground production commenced in 1992 with an average of approximately 60,000 tonnes per month achieved. Production ceased in 2002 and, according to historical records, as of April 2002, a total of 7Mt of material at an average of 2% Cu was trammed over the ten years of mining. The ore was milled and concentrated on site with the concentrate hauled to a central smelter at Nababeep.

This data is expected to assist in identifying blind intrusive copper bodies. This area of the Okiep Copper District is very mountainous and inaccessible; only becoming more accessible after the consuction of haulage roads to reach the mine in the 1990's. The area has therefore had less intense surface exploration and presents a high priority exploration area with a key structural corridor linking the Nigramoep and Nababeep Mines. At Nigramoep the copper mineralisation is very steeply dipping, plunging to the north-east, with the hanging wall of the mineralisation nearly vertical.

In plan view, the mineralised body has an east-northeast trend with dimensions in the order of 250m by 100m. Investors, Media, JSE Sponsor, Errol Smart - Managing Director & CEO, Nicholas Read, Monique Martinez, Denis Waddell - Chairman, Read, Monique Martinez,Den Waddell - Chairman, read and Chief Executive Officer, Nicholas Read, Read, Read, and SAFTA for a portfolio of mineralisation.