How Orion Minerals Plans to Deliver First Copper Concentrate by Christmas 2026

• Focus on phased development of Prieska Copper Zinc Mine (PCZM) with first bulk concentrate from Uppers by late 2026
• Definitive Feasibility Study (DFS) shows PCZM post-tax NPV of A$568 million and IRR of 26.2%
• Capital raising of approximately A$5.8 million via share placement and loan conversions completed post-quarter
• Ongoing optimisation of Okiep Copper Project’s Flat Mines to improve financial outcomes and reduce capital expenditure