Orion Minerals Limited · ASX:ORN
Orion Minerals — Investor Presentation (October 2026)
22 slides from Orion Minerals's investor presentation, Oct 29, 2026
Slide 1: Orion Minerals: Moving to execution
r personal use only Orion Minerals: Moving to execution Investor Presentation October 2026 ORIONMINERALS.COM.AU ASX: ORN | JSE: ORN
Slide 2: Important Notices & Disclaimer
Important Notices & Disclaimer r personal use only This presentation contains summary information about Orion by Orion Minerals Ltd, are inherently subject to Orion is not aware of any new information or data that Minerals Ltd and its subsidiaries (Orion or Company) and their significant technical,
Slide 3: Competent Person Statement
Competent Person Statement r personal use only The information in this presentation that relates to Orion’s information that materially affects the Ore Reserves The information focusing on ‘PCZM – Near- and medium-term Exploration Results is a compilation of previously released announced. exploratio
Slide 4: What we stand for
What we stand for r personal use only OUR PURPOSE OUR VALUES Safe and responsible actions Working together We work in a way that protects We listen, communicate and people, communities, and the collaborate. Unlocking environment striving for Zero Harm. resources through Doing the right thing Acting
Slide 5: Company snapshot
Company snapshot r personal use only Current Share Issue Capital Structure Summary Current Significant Shareholders % Shares on issue (22 Oct‘26) 8,954M Sujajo Investments S.A (T Borman holdings) (Luxembourg & Australia) 14.3 Delphi Group (EU/Germany) 9.2 Options on issue (22 Oct’26) 742M Standard B
Slide 6: Two highly prospective regions within the Northern Cape base metals province
Two highly prospective regions within the Northern Cape base metals province 3,400km2 of prime exploration and mining rights r personal use only 10 9 8 7 Upington Oranjemund 1. Prieska (Cu-Zn) 6 2. Flat Mines (Cu) 3. Jacomynspan (Ni-Cu-Co-PGE) Pofadder 5 4 4. Gamsberg (Zn- 3 Pb) 5. Black Mountain 2
Slide 7: Three strategic priorities
Three strategic priorities From first production at Prieska to a long-term exploration pipeline r personal use only PILLAR 3: PILLAR 1: PILLAR 2: FUTURE FOUNDATION GROWTH OPPORTUNITY CURRENT ACTIVITY MEDIUM TERM MEDIUM T O L O NG T E R M Prieska establishes Orion as Expansion through Exploration and
Slide 8: Strategic schedule
Strategic schedule Key milestones across Prieska, Okiep and exploration, 2026–2030 r personal use only 2026 2027 2028 2029 2030 Month Starting point 12 24 36 48 1 Prieska Uppers Uppers construction Uppers production @ 0.24 Mtpa Dewatering and shaft Ore handling, plant construction & Deeps refurbishm
Slide 9: Prieska Copper Zinc Mine: Our flagship and key priority
r personal use only Prieska Copper Zinc Mine: Our flagship and key priority Page 9
Slide 10: Prieska Copper Zinc Mine: Flagship project ready for execution
Prieska Copper Zinc Mine Flagship project ready for execution r 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 resulting in contained Cu of 164
Slide 11: Prieska Copper Zinc Mine: Construction to start
Prieska Copper Zinc Mine: Construction to start Accelerating towards production r personal use only Glencore funding unlocks construction • Two-phase development: Uppers first, then Deeps • US$250m Glencore prepayment facility and concentrate offtake agreements executed in October 2026 • Tranche A (
Slide 12: PCZM – Near- and medium-term exploration
PCZM – Near- and medium-term exploration Medium-term plan for resource definition and target extensions SE r personal use only • 22,000m of resource definition drilling • 72,000m from existing and planned development to target 1.25km extensions • T1 and T2 are current primary targets OCOD120-D1***:
Slide 13: Okiep Flat Mines Project: Drilling and optimisation underway
r personal use only Okiep Flat Mines Project: Drilling and optimisation underway Page 13
Slide 14: Okiep Flat Mines project: Optimisation underway
Okiep Flat Mines project Optimisation underway r personal use only Okiep Flat Mines DFS* ▪ Total Mineral Resources: 10Mt @ 1.3% Cu resulting in contained Cu of 132kt ▪ Total Probable Ore Reserves: 6.1Mt @ 1.2% Cu resulting in contained Cu of 71kt ▪ Production (life of mine): ▪ Cu concentrate: 261,13
Slide 15: Okiep Flat Mines project: Project focus
Okiep Flat Mines project Project focus r personal use only • Dewatering at Flat Mines North completed to facilitate Resource extension drilling • Drilling at Flat Mines East ongoing • Flat Mines East drilling to further assess 49.35m at 5.05% Cu* • Flat Mines South to further assess 59m at 3.14% Cu*
Slide 16: Okiep Flat Mines project
Okiep Flat Mines project r personal use only N FME Tailings storage facility Industrial mining complex OFMED153** 49.35m @ 5.05% Cu OFMSD080* OFMED157*** 7.88m @ 9.24% Cu 59m @ 3.14% Cu OFMED158*** 3.96m @ 4.64% Cu * Refer to ASX/JSE release 24 June 2024 ** Refer to ASX/JSE release 23 October 2024 *
Slide 17: Okiep Copper Project: Near and medium-term exploration
Okiep Copper Project: Near and medium-term exploration Deposits and prospects under current evaluation r personal use only Page 17
Slide 18: r personal use only
r personal use only Page 18
Slide 19: BHP Xplor program
BHP Xplor program Aligned to Orion Minerals’ third strategic priority of building an exploration pipeline r personal use only One of 11 companies selected globally to be part of the 2026 BHP Xplor accelerator program: BOTSWANA Rehoboth Craton • Received US$500,000 in equity-free funding NAMIBIA Khei
Slide 20: Why invest in Orion Minerals?
r personal use only Why invest in Orion Minerals? Page 20
Slide 21: Investment rationale
Investment rationale Flagship Prieska Copper Zinc Mine: Foundation of a multi-asset copper producer r personal use only 1. FLAGSHIP PROJECT 5. HISTORIC PRODUCTION A$568m Estimated post-tax project value 430kt Cu and 1Mt Zn Prieska historic delivery Prieska is an advanced, fully permitted project wit
Slide 22: Contact us
r personal use only Contact us Orion Minerals Limited Level 27, 120 Collins Street Melbourne, Vic, 3000 Australia Phone: +61 (0)3 8080 7170 Email: [email protected] Website: www.orionminerals.com.au ASX: ORN | JSE: ORN
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