Orion Secures US$40M Glencore Funding for Prieska

• US$40M Tranche A financing from Glencore now unconditional
• First production from the Uppers Mine targeted by end of 2027
• Key contractors selected, development preparations advanced

Orion Minerals Limited has achieved a significant milestone in the development of its Prieska Copper Zinc Mine in South Africa with the finalization of US$40 million Tranche A financing from Glencore. This funding, now unconditional, paves the way for the commencement of development activities at the Uppers Mine, with first production targeted by the end of 2027. Key contractors, including Torque Africa for drilling and ENPROTEC for the concentrator, have been selected. The US$210 million Tranche B financing remains conditional, with ongoing discussions with funding partners.

First production from Uppers Mine targeted by end of 2027

Orion aims to transition from explorer to producer with the development of Prieska Copper Zinc Mine, contributing to global energy transition goals.