Feb 2 (Reuters) - Orion Minerals Ltd ORN.AX :
* PROPOSED ACQUISITION CONSOLIDATION OF PREMIER SA CU DISTRICT
* ORION MINERALS SECURES OPTION TO ACQUIRE A 56.25% INTEREST IN SOUTHERN AFRICAN TANTALUM MINING
* OPTION INCLUDES BUYING STAKES IN SOUTHERN AFRICAN TANTALUM MINING, NABABEEP COPPER CO & OTHERS
* TOTAL ACQUISITION COST ASSUMING OPTION IS EXERCISED IS AGGREGATE ABOUT A$7.5 MILLION OF INITIAL PURCHASE CONSIDERATION