Orion Minerals confirmed that the acquisition of the Okiep Copper Project in South Africa will be finalised on May 7.

Approval from strategic funding partner IDC and regulatory bodies has been secured.

IDC approved an additional $3.6 million in funding for ongoing operations at the project.

A confirmation drilling program of 11 holes totalling 5,800m is underway, with further assays expected in May. A feasibility study is slated for completion by July.