ORION MINERALS LIMITED - Update on Financing of US$200 million to US$250 million and Offtake with Glencore

Update on Financing of US$200 million to US$250 million and Offtake with Glencore

Orion Minerals Limited
Incorporated in the Commonwealth of Australia
Australian Company Number 098 939 274
ASX share code: ORN
JSE share code: ORN
ISIN: AU000000ORN1


Update on Financing of US$200 million to US$250 million and Offtake with Glencore


Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) provides an update to the ASX/JSE
announcement on 17 September 2025, in which its subsidiary, Prieska Copper Zinc Mine (Pty) Ltd (PCZM), signed
a non-binding term sheet with a wholly owned subsidiary of Glencore plc (Glencore) for financing of US$200
million to US$250 million and concentrate offtake (Offtake) for the Prieska project. The terms of the financing are
detailed in the announcement.

Glencore and Orion are progressing the documentation for the Offtake and financing agreements. End of year
holidays have resulted in delays in the finalisation of the agreements. Orion will provide an update to the market
early in the new year.

For and on behalf of the Board.



Tony Lennox
Managing Director & CEO

31 December 2025



ENQUIRIES

Investors                                                              Media                                                         JSE Sponsor
Tony Lennox – Managing Director & CEO          Nicholas Read                                           Monique Martinez
Denis Waddell – Chairman                                 Read Corporate, Australia                        Merchantec Capital
T: +61 (0) 3 8080 7170                                       T: +61 (0) 419 929 046                            T: +27 (0) 11 325 6363
E: info@orionminerals.com.au                            E: nicholas@readcorporate.com.au         E: monique.martinez@merchantec.com
                                                                                   


Date: 31-12-2025 11:10:00
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