Ore Resources Limited · ASX:OR3
Ore Resources — Technical Presentation (August 2026)
28 slides from Ore Resources's technical presentation, Aug 27, 2026
Slide 1: A Low Cost, Rapid-Deployment Lithium Development Opportunity
For personal use only A LOW COST, RAPID- DEPLOYMENT LITHIUM DEVELOPMENT OPPORTUNITY DSO Study Fast-Tracks Kangaroo Hills Lithium Cash Flow August 2026
Slide 2: Important Notices
IMPORTANT NOTICES Forward Looking Statements This presentation contains a series of forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Ore’s planned exploration and development activities and other statements that are not historical facts. W
Slide 3: Acknowledgement of Country
ACKNOWLEDGEMENT OF COUNTRY For personal use only We acknowledge the Traditional Custodians of the land on which we operate and pay our respects to their Elders past and present 3 ORERESOURCES.COM.AU
Slide 4: Ore Resources: Capital Structure
ORE RESOURCES Strongly positioned for near-term value growth CAPITAL STRUCTURE For personal use only Market listings ASX: OR3 Share Price (A$ps, as at 26 August 2026) 0.091 Shares Outstanding 827.5 M Options and Performance Rights 121.0 M Market Capitalisation A$75.3 M Cash Balance (as at 30 June 20
Slide 5: Proven value generators delivering on strategy
PROVEN VALUE GENERATORS Proven value generators delivering on strategy A proven track record of exploration success, project stewardship, development expertise, and operational excellence, consistently driving and realising substantial shareholder value For personal use only NEV POWER ROB WAUGH Non-
Slide 6: Kangaroo Hills Lithium Project
KANGAROO HILLS LITHIUM PROJECT One of the most advanced lithium development opportunities in Australia For personal use only 3.1 Mt at 1.01% Li2O Initial MRE 2.4 Mt economic pitshell Stage 1 development 1.25 Mt at 750ktpa Simple mining, crushing and trucking of Direct Shipped Ore (DSO) NPV
Slide 7: Study Basis
STUDY BASIS A compelling assessment of development potential Completed by leading engineering and technical consultant, For personal use only Sedgman Pty Ltd, with an estimation accuracy of ±35% Contractor-led DSO model minimises capital expenditure, reduces execution risk and accelerates produc
Slide 8: Key Physical Parameters
KEY PHYSICAL PARAMETERS A simple open-pit mining and crushing lithium DSO operation For personal use only Key Physical Parameters Unit Value 16 months 750ktpa Total material mined Mt 11.1 Initial mine life Plant throughput Plant throughput ktpa 750 Mine life months 16 7.9 1.26Mt Plant feed Mt 1.26 L
Slide 9: Key Financials
KEY FINANCIALS A highly robust, scalable lithium development opportunity with strong projected returns For personal use only Compelling economics for a scalable DSO operation Unit Value Financials Early cash flow supports potential future Gross revenue A$M 513.4 development of spodumene concentr
Slide 10: Site Layout & Pit Design
SITE LAYOUT & PIT DESIGN Supporting a simple, low-cost mining operation Main pit design optimised for rapid cashflow For personal use only Measures ~410m in length and +200m in width, with a maximum depth of 100m Smaller adjacent satellite pit excavation (Rocky pit), to a depth of ~20m Ore t
Slide 11: Transport and Export Logistics
TRANSPORT AND EXPORT LOGISTICS Low-capital logistics solution using contractor- For personal use only operated road trains to the Port of Esperance Access to an established export pathway via ~300 km of sealed highways No dedicated rail or material handling infrastructure required, minimising
Slide 12: Next Phase Activities and Execution Schedule
NEXT PHASE ACTIVITIES AND EXECUTION SCHEDULE Positioning Kangaroo Hills for development For personal use only Advancing discussions with potential strategic and commercial partners for offtake arrangements and project funding solutions Ore sorting, metallurgical and geotechnical optimisation tes
Slide 13: Key Upside Opportunities
KEY UPSIDE OPPORTUNITIES Further potential value to be unlocked 1 1. Excluded Economic Material and Further MRE Conversion For personal use only >1.0 Mt of excluded Indicated DSO material provides clear life extension potential Further resource conversion and pit optimisation offers future produ
Slide 14: Larger Open Pit and Resource Growth
LARGER OPEN PIT AND RESOURCE GROWTH Additional in-pit mineral inventory In favour of a low-strip low-opex development, +1.0 Mt of For personal use only DSO material (Indicated) within the economic pit shell was excluded from the Study production schedule Sustained elevated prices would likely se
Slide 15: Next Steps
NEXT STEPS Positioning Kangaroo Hills for rapid advancement into production For personal use only Advancing discussions with potential strategic and commercial partners in relation to offtake arrangements and non-dilutive prepayment funding solutions Ore sorting, metallurgical and geotechnical test
Slide 16: The Kangaroo Hills DSO Opportunity
THE KANGAROO HILLS DSO OPPORTUNITY Scoping Study outlines a low-capital, speed-to-market development at Kangaroo Hills centered around a simple mining, crushing and Direct Shipped Ore (DSO) export strategy For personal use only Minimal capital requirements and reduced development risk under a contra
Slide 17: Contact
For personal use only Contact Nicholas Rathjen Robin Cox CEO and Managing Director Technical Director E nrathjen@oreresources.com.au E rcox@oreresources.com.au M +61 405 730 041 M +61 432 516 276 Suite 10, 38 Colin Street, West Perth WA 6005 T +61 8 6383 7817 F +61 8 6245 9853 ORERESOURCES.COM.AU
Slide 18: Supplementary Information
For personal use only Supplementary Information ORERESOURCES.COM.AU
Slide 19: Key Assumptions
KEY ASSUMPTIONS Robust set of commercial inputs For personal use only Benchmark battery-grade lithium carbonate price of Lithium Carbonate (99.5% Li2CO3) US$/tonne US$24,500/t adopted 90,000 Forecast DSO price of A$430/t CIF China over the 75,000 mine life, applying a DSO price linkage of 1.25%
Slide 20: Mineral Resource
MINERAL RESOURCE Initial Mineral Resource (MR) declared at Kangaroo Hills For personal use only MRE based on extensive drill database comprising Kangaroo Hills Mineral Resource Estimate (July 2026) 261 drill holes for 38,229m Tonnes Grade Contained Metal Category Ta2O5 (Mt) Li2O % Fe2O3 % Li2O (t)
Slide 21: Operating Costs
OPERATING COSTS Optimised pit design drives low delivered DSO cost of approx. A$210/t Single mining contractor assumed to undertake For personal use only Operating Cost Item Units Value all mining, crushing and haulage activities. Mining and Processing Surface Mining A$/t rock 4.8 DSO product so
Slide 22: Mine Schedule
MINE SCHEDULE 1,000 50 High-confidence, scalable operating life 800 40 Total Material Mined (kt) Strip Ratio 600 30 16-month initial mine life based solely on For personal use only Indicated Resources 400 20 Conservative low-strip, low-opex mine plan 200 10 focused on early cash generation Ove
Slide 23: Simple Processing Setup
SIMPLE PROCESSING SETUP Rapid mobilisation and project commissioning For personal use only 750 ktpa contractor-supplied crushing solution designed for lithium pegmatite ore Modular electric circuit producing 40 mm P80 DSO product Simple, robust two-stage crushing and screening flowsheet Prim
Slide 24: Capital Cost
CAPITAL COST Super low upfront capital cost delivers rapid path to free cash flow Contractor-led strategy delivers low For personal use only Capital Cost Item A$M upfront capital cost requirements Direct costs and allowances 1.2 (~A$25M) Indirect costs 19.5 Largest capital component is waste Con
Slide 25: Sensitivity Analysis (+/- 20%)
SENSITIVITY ANALYSIS (+/- 20%) Base NPV (A$220.8M) For personal use only DSO Price (Inverse) 128.0 313.7 DSO Selling Costs 189.1 252.5 Mining Dilution 212.4 229.0 Mining Costs 212.7 228.9 Capital Costs 215.9 225.8 Processing + G&A Costs 216.9 224.8 25 ORERESOURCES.COM.AU
Slide 26: Permitting and Approvals
PERMITTING AND APPROVALS Clear permitting pathway with strong stakeholder support Project Agreement signed with the Marlinyu Ghoorlie For personal use only Legislation Approval People in February 2026, supporting future development and Mining Licence (ML) grants Native Vegetation Clearing Permit E
Slide 27: Key Risks
KEY RISKS Appropriate planning to mitigate key development and operating risks Key Project Risks Key Risk Mitigants Area Risk Description Potential Impact Proposed Mitigation Opportunity Area Opportunity Description Potential Benefit Recommended Actions Geological Conditions Orebody continuity, grad
Slide 28: Study Participants
Study Participants For personal use only • Sedgman – Study Manager • On the Crest Mine Planning – Mine Design and Schedule • Trepanier – Mineral Resource and Geological Model • Peter O’Bryan & Associates – Geotechnical Assessment • Astill Consulting – Environmental 28 ORERESOURCES.COM.AU