Summary of Orion Minerals (ORN) Update / Briefing July 31, 2025 Company Overview - **Company**: Orion Minerals (ASX Code: IRN) - **Industry**: Mining, specifically focused on copper and zinc production - **Key Projects**: Priska Copper Zinc Project and O'Keeffe Project in Northern Cape, South Africa Core Points and Arguments 1. **Long-term Copper Demand**: The International Energy Agency predicts that copper demand will exceed supply by 30% in the next decade, indicating a strong long-term outlook for the copper market [2][3] 2. **M&A Activity**: There has been an increase in mergers and acquisitions in the copper sector, particularly among developers on the ASX, suggesting a competitive landscape for copper assets [3] 3. **Development Stage**: Orion is at a critical development stage with its projects, particularly focusing on the Priska project, which is seen as the flagship operation [5][16] 4. **Funding and Capital Requirements**: The peak capital requirement for the Priska project is estimated at AUD 578 million, with initial funding needs of AUD 50 million for the upper levels and AUD 20 million for ongoing works [39][40] 5. **Production Timeline**: The company aims to produce concentrate from the upper levels of the Priska project by Christmas 2026, with a phased approach to project execution [18][34] 6. **Cost Positioning**: Priska is positioned in the first quartile of the global cost curve for copper production, making it competitive against other global operations [22][23] 7. **Value Engineering**: Ongoing value engineering efforts are expected to yield capital cost savings of 5% to 10% on the estimated AUD 600 million capital expenditure [43][44] 8. **Shareholder Engagement**: The company has a strong retail shareholder base in South Africa, with approximately 23,000 shareholders, indicating robust local support [8] 9. **Exploration Upside**: There is significant exploration potential at both Priska and O'Keeffe, with historical production data suggesting high-grade deposits [11][72] Other Important Content 1. **Management Changes**: The appointment of Tony Lennox as the new Managing Director is seen as a strategic move to enhance operational execution and project development [5][9] 2. **Market Positioning**: The company is focused on transitioning from an exploration entity to a junior mining company, with a clear strategy for project governance and operational readiness [20][29] 3. **Interest from Larger Companies**: There is expressed interest from major mining companies, but Orion's current focus is on advancing its projects to production before considering any acquisition offers [89][92] 4. **Share Placement and SPP**: A recent share placement was viewed as bridging finance, and the company has extended its Share Purchase Plan (SPP) to accommodate shareholder participation [46][53] 5. **Operational Readiness**: Emphasis on operational readiness is crucial for ensuring a smooth transition to production, with experienced personnel being brought in to manage the process [29][83] This summary encapsulates the key insights from the Orion Minerals update, highlighting the company's strategic direction, project developments, and market positioning within the mining industry.

Group 1 - The core viewpoint of the articles highlights a significant increase in copper demand driven by global investments in modernizing electrical grids and the rise of clean energy, with predictions of copper prices reaching historical highs by 2030 [1][2] - Major copper-producing countries like Chile and the Democratic Republic of Congo are facing supply constraints due to insufficient new mining investments, which could lead to sustained high copper prices [1] - The International Energy Agency forecasts that global investment in electrical grids will exceed $400 billion this year, following a record $390 billion in 2024, indicating a robust demand for copper in infrastructure [1] Group 2 - Analysts predict that global copper demand will grow by 10% to 30.32 million tons by 2030, with a supply-demand gap of 1.84 million tons [2] - The demand for copper in data centers is expected to surge from 7.8 million tons in 2020 to over 65 million tons by 2030, driven by the growth of AI and machine learning [2] - Electric vehicles are projected to significantly increase copper usage, with demand rising from 20.4 million tons in 2020 to 220 million tons by 2030 [2] Group 3 - Companies in sectors like construction and manufacturing are accelerating the exploration of alternative materials and recycling solutions due to rising copper costs and impending supply shortages [4] - While aluminum is cheaper, its application in data centers has been largely phased out due to performance issues, and recycled copper supply is expected to grow only marginally by 2030 [4] - Analysts believe that existing alternatives will not quickly alleviate the copper supply crisis, particularly for critical infrastructure projects essential for economic growth [4]

Company Overview - Pampa Metals Corporation is changing its name to Andina Copper Corporation to reflect its evolution as a leading copper explorer in South America [1][2] - The company holds two significant copper discoveries and an undrilled copper-gold target in a premier copper-producing region [1] Strategic Focus - The name change signifies the start of a new chapter aimed at creating substantial shareholder value through a focused strategy [2] - The company is actively advancing two high-potential copper discoveries in Argentina and Colombia, including the Cobrasco and Piuquenes projects [5][6] Trading Information - The common shares will commence trading under the new name Andina Copper Corporation on or about August 5, 2025, with a new trading symbol ANDC [2] - The CUSIP and ISIN numbers will change to 03421C108 and CA03421C1086 respectively [2] Shareholder Impact - No action is required from shareholders regarding the name change, and existing share and warrant certificates remain unaffected [3]

Core Insights - Ero Copper Corp. reported record copper production of 15,513 tonnes in Q2 2025, driven by the ramp-up of the Tucumã Operation and improved performance at the Caraíba Operations [2][3] - The company achieved commercial production at Tucumã effective July 1, 2025, with a 25% increase in copper production from Q1 2025 [2][3] - Financial results showed a net income of $70.5 million, with adjusted EBITDA of $82.7 million, reflecting strong operational performance and higher metal prices [2][14] Production Highlights - Caraíba Operations produced 9,162 tonnes of copper in concentrate at an average C1 cash cost of $2.07 per pound, marking a 25% quarter-on-quarter production growth [2][9] - Tucumã Operation produced 6,351 tonnes of copper in concentrate, a 25% increase from Q1 2025, with sustained plant throughput exceeding 75% of design capacity [2][9] - Gold production reached 7,743 ounces at an average C1 cash cost of $1,115 per ounce, representing a 17% increase in production quarter-on-quarter [2][9] Financial Performance - Revenues for Q2 2025 were $163.5 million, up from $125.1 million in Q1 2025, with gross profit increasing to $67.3 million [14] - Adjusted net income attributable to owners was $48.1 million, with a diluted earnings per share of $0.46 [14][32] - Available liquidity at quarter-end was $113.3 million, including $68.3 million in cash and cash equivalents [2][14] Guidance Updates - Full-year copper production guidance has been updated to 67,500 to 80,000 tonnes, reflecting slower-than-expected ramp-up at Tucumã [15] - Updated guidance for Tucumã is set at 30,000 to 37,500 tonnes with C1 cash costs of $1.10 to $1.30 per pound [15][17] - Gold production guidance for Xavantina Operations has been revised to 40,000 to 50,000 ounces, with C1 cash costs of $850 to $1,000 per ounce [16][17] Operational Initiatives - Ongoing initiatives at Caraíba include enhancing operational efficiency and cost control, focusing on upper levels of the Pilar Mine to reduce haul distances [2][4] - Investments in mine modernization and mechanization at Xavantina are expected to drive higher production rates in H2 2025 [2][4] - The company completed 18,000 meters of drilling at the Furnas Project, with a focus on extending known mineralization [2][3]

In this article Copper rods in storage at the Aurubis AG metal refinery in Hamburg, Germany, on Wednesday, July 16, 2025. Bloomberg | Bloomberg | Getty Images A major exemption to President Donald Trump's 50% copper tariff has shocked traders and sent U.S. market prices plummeting. The final order on copper tariffs, which the Trump administration says will boost the domestic copper production industry, applies to semi-finished products such as pipes, rods, sheets and wires. It also impacts copper-intensive ...

Core Viewpoint - Koryx Copper Inc. has successfully closed a bought deal public offering and a concurrent non-brokered private placement, raising a total of approximately C$25 million to advance its Haib Copper Project in Namibia [1][6]. Group 1: Offering Details - The public offering consisted of 19,047,680 common shares at a price of C$1.05 per share, generating gross proceeds of C$20,000,064, including the full exercise of the over-allotment option [1]. - The concurrent private placement involved 4,761,844 common shares at the same issue price, resulting in total gross proceeds of approximately C$5,000,000 [1]. - The offering was led by Stifel Canada and included a syndicate of underwriters such as Beacon Securities Limited and BMO Capital Markets [2]. Group 2: Investor Support - The offering received strong support from existing shareholders, including notable investments from Ross Beaty and various European and North American financial institutions [3]. - Namibian institutional and private investors contributed over 40% of the financing, indicating a strong vote of confidence in the company's strategy [4]. Group 3: Use of Proceeds - The net proceeds from both the offering and placement will be utilized for advancing technical studies on the Haib Copper Project, exploration activities, working capital, and general corporate purposes [6]. Group 4: Company Background - Koryx Copper Inc. is focused on the Haib Copper Project, a significant copper/molybdenum porphyry deposit in Namibia, with a current mineral resource of 414 million tonnes at 0.35% copper in the indicated category [12][13]. - The project has a long history of exploration, with over 80,000 meters of drilling conducted since the 1970s by various operators [12].

Vancouver, British Columbia--(Newsfile Corp. - July 31, 2025) - Orestone Mining Corp. (TSXV: ORS) (OTC Pink: ORESF) (FSE: O2R2) ("the Company") is pleased to provide an update of corporate activities and an overview of exploration activities on the Company's gold, silver and copper properties. Francisca Gold-Silver Project, Salta, Argentina Orestone signed an Option Agreement covering the Francisca property during the first quarter of 2025. We are preparing to initiate a Phase I exploration program in the t ...

Core Viewpoint - MetalQuest Mining Inc. has successfully completed a non-brokered private placement, raising $517,296 through the issuance of 7,389,943 units, subject to final approval from the TSX Venture Exchange [1][2]. Financing Details - Each unit consists of one common share and one non-transferable share purchase warrant, allowing the holder to purchase an additional common share at $0.10 for three years [2]. - The proceeds will be allocated for exploration, development, and general working capital [2]. Insider Participation - New Age Metals Inc. will increase its ownership in MQM from approximately 6.44% to 19.05% post-conversion, becoming a new insider [2][4]. - Existing insiders and control persons purchased a total of 4,868,000 units, qualifying as a related party transaction [4]. Regulatory Compliance - All securities from the private placement are subject to a four-month hold period under Canadian Securities Laws [3]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the nature of the transaction [4]. Shareholder Control - Prior to the offering, Mr. Harry Barr controlled 8,616,438 common shares, which could increase to approximately 33.28% post-offering if stock options are exercised [5]. - After the offering, Barr's control could rise to approximately 47.27% of the company's outstanding shares, while New Age Metals could control about 19.05% [8][9]. Company Overview - MetalQuest Mining owns 100% of the Lac Otelnuk Iron Ore Project in Quebec, which is one of the largest iron ore projects in North America [12]. - The company has invested approximately $150 million in the project and is working with the Naskapi First Nation on exploration and pre-development [12]. - A comprehensive gap analysis of the historic feasibility study is being conducted to align with current market dynamics and regulatory standards [12].

随着全球范围内数千亿美元资金投入电网现代化改造与扩建工程，以满足数字化与清洁能源革命带来的 巨大电力需求，铜消费增速已远超行业预期。然而，智利、刚果(金)等主要产铜国因新矿投资不足导致 供应受限，这为铜价长期高位运行埋下伏笔。部分分析师预测，2030年前铜价将突破每吨1.2万美元的 历史峰值，较当前约9700美元/吨的价格上涨23%。 据该机构提供的最新预测，全球发电与输电网络升级带来的铜需求将从今年的1252万吨增至2030年的 1487万吨。 数据中心与电动汽车成需求新引擎 美国银行分析师Michael Widmer预计，到2030年全球铜需求将较当前增长10%至3032万吨，届时供需缺 口将达184万吨。在人工智能(AI)与机器学习(ML)驱动的数据中心爆发式增长地区，建设高韧性电网的 需求尤为迫切。 全球基础设施咨询公司AECOM的全球信息和通信技术负责人Peter Charland表示："AI和ML数据中心需 要更强大、更高效的算力支撑，这意味着电力需求激增。" 尽管终端用户正寻求替代方案，但铜因其卓越的导电性、耐用性和多功能性仍难以被取代。国际能源署 数据显示，全球电网投资额继2024年创下390 ...

Core Insights - Southern Copper reported strong quarterly results for Q2 2025, surpassing both GAAP earnings per share and revenue expectations despite a decline in copper sales volumes and year-over-year revenue [1][5] Financial Performance - GAAP earnings per share were $1.22, exceeding the analyst estimate of $1.12, while GAAP revenue reached $3,051.0 million, slightly above the expected $3,047.2 million [2][5] - Year-over-year revenue fell by 2.2% due to a 3.0% drop in copper sales volume, but net income increased by 2.4% to $973.4 million, supported by reduced operating costs and by-product credits [2][5] - Adjusted EBITDA was $1,790.9 million, showing a slight decrease from the previous year, with an adjusted EBITDA margin of 58.7% [2][5] Production and Operations - Mined copper output was 238,980 tonnes, primarily affected by declines in Mexico, while by-product production saw significant increases: zinc production surged by 56% and silver output rose by 15.4% [6][7] - Operating cash costs for copper fell to $0.63 per pound, aided by gains from by-product revenues [6] Capital Investments and Sustainability - Capital investments dropped to $235.7 million, a 28.9% decrease from the prior year, while the company continued to develop key projects in Peru and Mexico [2][8] - Southern Copper achieved external verification of its ESG report and improved sustainability metrics, including a 24% reduction in lost time injuries and an increase in renewable energy use to 39% [8] Shareholder Returns - The quarterly dividend was raised to $1.40 per share, marking a 16.7% increase from the previous year, reflecting the company's commitment to returning capital to shareholders [9][10] Future Outlook - Management did not provide specific financial guidance but emphasized strong operational and financial performance as a foundation for resilience [11] - The company is focused on advancing major projects in Peru and addressing regulatory challenges in Mexico [11][12]