Orvana Minerals (ORV) Corporate presentation summary

Strategic overview and asset portfolio

• Operates three main assets: Orovalle (Spain), EMIPA (Bolivia), and Taguas (Argentina), covering production and exploration across gold, silver, and copper.

• Orovalle is a producing underground mine in Spain with ongoing brownfield and greenfield exploration.

• EMIPA’s Don Mario plant in Bolivia has completed expansion, with ramp-up underway and first copper cathodes produced; steady-state targeted for Q1 FY2027.

• Taguas in Argentina is an advanced exploration project with a defined FY2027 program focused on resource growth and porphyry potential.

Financial and operational performance

• Q3 YTD FY2026 revenue reached $132.1M, net income $30.9M, and EBITDA $62.5M, with free cash flow of $6.4M.

• Cash and cash equivalents stood at $32.6M as of June 30, 2026; no total debt reported.

• Market capitalization was CAD 356.6M as of September 18, 2026, with 136.6M shares outstanding.

• Orovalle produced 29.3K oz gold, 115.5K oz silver, and 3.6M lbs copper in FY2025.

Growth initiatives and exploration programs

• Don Mario’s oxide stockpile project contains 2.18Mt measured resources with 129K oz Au, 41Kt Cu, and 3.46M oz Ag.

• Taguas FY2027 exploration budget is preliminarily set at $15M, with 19,500m drilling planned (10,000m infill, 9,500m deep drilling).

• Integration of Evelina property at Taguas aims to enhance geological understanding and target prioritization.

• Ongoing exploration at Orovalle targets Ortosa-Godán, Lidia, and other regional prospects for resource expansion.