Orion is exploring for copper and zinc at its Prieska project in Africa.

Tembo invests in Orion

Zinc and copper explorer Orion Minerals has received a $3 million investment by private equity group Tembo Capital to fund work at its projects in Africa, and has flagged a further $1.8 million capital raising.

Melbourne-based Orion, which until earlier this month was named ‘Orion Gold’ and held its head office in Perth, said Tembo had subscribed for 125 million shares at 2.4 cents each to give it a 12.4 per cent stake in the business.

Tembo, which also holds $3 million in Orion convertible notes, had the option to invest up to $4.8 million in Orion, leaving the Africa-focused explorer with the option to seek a further $1.8 million from other investors by way of a placement.


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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/09/17

1 year TSR5 year TSR
465thOrion Minerals-13%-43%
719 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$20k Issued
$20k Issued
$60k Issued
Total value as at the date of the transaction
Source: Morningstar


th-Orion Minerals$2k
489 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Orion Minerals

415thErrol Smart$340k
thMartin Bouwmeester$266k
813thDenis Waddell$168k
Ranked by total remuneration from all listed WA companies

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