Orion Minerals Limited · ASX:ORN
Orion Minerals — Investor Presentation (July 2025)
19 slides from Orion Minerals's investor presentation, Aug 5, 2025
Slide 1: Accelerating towards production
For personal use only Accelerating towards production July/August 2025 orionminerals.com.au ASX: ORN | JSE: ORN
Slide 2: Important Notices & Disclaimer
Important Notices & Disclaimer This presentation contains summary information about Orion technical, business, economic, competitive, political and derived from the production target and confirms that all material Minerals Ltd and its subsidiaries (Orion or Company) and their social uncertainties an
Slide 3: Competent Person Statements
Competent Person Statements The information in this presentation that relates to Orion’s Oosthuizen has sufficient experience that is relevant to the under consideration and to the activities being undertaken Exploration Results is a compilation of previously released type of mining and type of depos
Slide 4: Company snapshot
Company snapshot Post Proposed Current Share Capital Structure Summary Current Significant Shareholders Issue % Share Issue For personal use only Shares on issue (30 Jul’25) 1, 2 7,282M 7,390M Tembo Capital (EU/Netherlands) 14.9 Delphi Group (EU/Germany) 11.0 Options on issue (30 Jul’25) 2 175M 235M
Slide 5: Focus on two highly prospective regions
Focus on two highly prospective regions 3,582km2 of prime exploration and mining rights For personal use only Upington Oranjemund Okiep Copper Pofadder Project Prieska Springbok Copperton Nababeep Prieska Copper Zinc Mine 450 km Page 5
Slide 6: Prieska Copper Zinc Mine and Flat Mines (at Okiep)
Prieska Copper Zinc Mine and Flat Mines (at Okiep) Two fully permitted, brownfield projects For personal use only PCZM DFS ▪ Total Mineral Resources: 31Mt @ 1.2% Cu and 3.6% Zn resulting in contained Cu of 370kt and contained Zn of 1.12Mt ▪ Total Probable Ore Reserves: 15.6Mt @ 1.1% Cu and 3.1% Zn r
Slide 7: Progressing into execution phase
Progressing into execution phase Accelerating towards production For personal use only • Project development strategy • Two fully permitted brownfield projects with DFS’s published in March 2025 • Flagship project PCZM to be developed first – integrated project, commencing with Uppers and transition
Slide 8: Orion development strategy
Orion development strategy Macro view of defined orebodies Funding + Project Deliver Governance + Value Engineering For personal use only Sept 25 Prieska Okiep Nov 25 Optimisation to improve DFS NPV: 13 months Feb 26 financial metrics NPV: A$568m 23kt trial mining mixed May 26 A$75m stockpile Aug 26
Slide 9: PCZM favourably positioned on the global cost curve
PCZM favourably positioned on the global cost curve Optimisation targeting second quartile for Okiep For personal use only 500 All-in Sustaining Cost Curve - Copper 450 400 350 Optimisation 300 1st Quartile 2nd Quartile 3rd Quartile Okiep 4th Quartile 251,22 250 200 200 AiSC(USc/lb) 150 PCZM (¢/lb)
Slide 10: Funding workflow to unlock Uppers and then Deeps
Funding workflow to unlock Uppers and then Deeps Offtake negotiations underway For personal use only Underway/Complete Near Term Execution Longer Term Execution Equity Capital Raise SPP Equity Capital Raise Offtake - Partner Selection Offtake - DD/Agreements/Close IDC - Funding Options IDC - Complem
Slide 11: Project execution
For personal use only Project execution orionminerals.com.au ASX: ORN | JSE: ORN
Slide 12: Project definition
Project definition Skilled professionals, deliberate processes, measurable outcomes For personal use only Operational Readiness Project Value Execution Engineering Governance Project Construction Leadership Packages Team Page 12
Slide 13: Skilled professionals
Skilled professionals Experienced team to drive execution For personal use only Steering committee Managing Director Project execution team PCZM OCP Project Director General Manager General Manager Project Mining Director Processing Director Governance Advisor Project Operational Value Controls Mana
Slide 14: Deliberate processes
Deliberate processes Enabling project execution For personal use only PCZM DFS Project Implementation Plan Value Engineering • NPV: AUD 568 million Functionality divided by • IRR (post tax): 26% Cost processes. • Peak Capital: AUD 578 million • AISC: USD2.06/lb Cu targets • Capital Intensity: 5% to
Slide 15: Outcomes - concentrate by Christmas 2026
Outcomes - concentrate by Christmas 2026 PCZM integrated execution for phase 1 Uppers and phase 2 Deeps Activity 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 For personal use only EPCM Series of contracts On-site Contractors Cam
Slide 16: Appendix
For personal use only Appendix orionminerals.com.au ASX: ORN | JSE: ORN
Slide 17: PCZM Project Mineral Resource Estimates
PCZM Project Mineral Resource Estimates For personal use only Refer ASX/JSE Releases 28 March 2025, 25 July 2023 Page 17
Slide 18: OCP – Flat Mines Project Mineral Resource Estimates
OCP – Flat Mines Project Mineral Resource Estimates For personal use only Refer ASX/JSE Releases 28 March 2025 Page 18
Slide 19: Orion Minerals Limited
For personal use only Orion Minerals Limited Level 27, 120 Collins Street Melbourne, Vic, 3000 Australia Phone: +61 (0)3 8080 7170 Email: info@orionminerals.com.au Website: www.orionminerals.com.au orionminerals.com.au ASX: ORN | JSE: ORN