HIGHLIGHTS 100% owned license hosts one of Asia’s largest undeveloped molybdenum-copper depositsOnly 35 kilometers from Erdene Mongol’s Bayan Khundii Gold Mine in region of growing infrastructure and 180 kilometres from China, the world’s largest molybdenum consumerThe updated resource estimate, when compared to the previous, demonstrates a significant increase: 22% increase in Measured and Indicated molybdenum (“Mo”) resources to 333 million pound (“Mlbs”) and 95% increase in Inferred Mo resources to 300 M ...

Core Insights - Minerals Development Oman (MDO) has successfully exported copper concentrates from its Lasail Mine for the first time, marking a significant milestone in the country's mining sector and its commitment to sustainable growth [1] - Oman is focusing on diversifying its economy under Vision 2040, with copper mining being a strategic priority due to expected surging demand [2][3] - The country aims to position itself as a reliable mid-tier supplier in the global copper market, targeting high-quality concentrate exports to meet the needs of buyers seeking diversified and secure sources [10][11] Mining Sector Developments - The Lasail Mine's resumption of activity represents a revival of copper mining in Oman after a 30-year hiatus, with plans to redevelop additional mines such as Al-Baydha and Mazoon [1][8] - Oman expects to restart production at the Al-Baydha Mine by the end of next year, with total reserves across the mines estimated at 2.8 million tonnes of copper ore, aiming for production of approximately 800,000 tonnes per annum over the next four to five years [8][9] - The Mazoon project, anticipated to begin production in 2027, will include five open-pit mines and a processing plant capable of producing 115,000 tonnes per annum of copper concentrate [9] Economic Diversification and Infrastructure - Oman is working to improve its mining laws and regulations to attract foreign direct investment (FDI) and streamline processes for exploration and licensing [17] - The Sohar Port has been upgraded to enhance bulk-handling facilities, and there are plans to expand rail connectivity to support mining operations [13] - A new mining waste recycling facility in Suhar, utilizing renewable power and sustainable technologies, aims to produce 12,000 tonnes per annum of copper cathodes by the end of next year [15][16] Future Prospects and Challenges - There is potential for further copper discoveries in Oman, but modern exploration methods and significant investment are required to realize this potential [19] - The country is expected to rise to 33rd in global copper production rankings by the beginning of the next decade, up from 48th currently [11] - As Oman develops its copper industry, there are plans for local refining capabilities to increase export value and reduce dependence on foreign processors [21]

Core Viewpoint - Amerigo Resources Ltd. has provided an operational update regarding its Minera Valle Central (MVC) operation, highlighting the resumption of operations at the El Teniente underground copper mine and the processing of fresh tailings [1][2][4]. Group 1: Operational Updates - The El Teniente underground copper mine received approval to restart operations in eight out of twelve sectors, with operations resuming on August 9, 2025 [2]. - Following the restart, MVC began processing fresh tailings from El Teniente on the night of August 10, 2025 [2]. - Prior to the restart, operations at El Teniente were suspended due to a seismic event that resulted in the death of six workers, leading to a temporary halt in the supply of fresh tailings to MVC [3]. Group 2: Production Expectations - Amerigo anticipates that daily throughput from fresh tailings will be lower than initially forecasted in MVC's 2025 production schedule until operations at El Teniente normalize [4]. - The company plans to mitigate production impacts by increasing the processing of historic tailings during this period [5]. Group 3: Company Overview - Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship with Codelco, the world's largest copper producer, and processes both fresh and historic tailings from the El Teniente mine [6].

Summary of Hillgrove Resources (HGO) 2025 Conference Company Overview - Hillgrove Resources is a copper producer based in South Australia, operating in a Tier one jurisdiction [4][5] - The company aims to grow into a mid-tier multi-asset copper and gold producer, generating cash flow today with multiple growth pathways [4][6] Core Industry Insights - Copper is essential for global decarbonization and electrification, with increasing demand driven by renewable energy, electric vehicles (EVs), and infrastructure development [4][9] - The average global mining head grade is declining, and many mines are aging, necessitating significant investment to meet future energy transition needs [10] - Hillgrove is positioned as one of the few ASX-listed companies actively producing copper to meet rising global demand [11][19] Financial Metrics - Hillgrove has a market capitalization that does not reflect its true value, with an EV to EBITDA ratio of only 3 to 4 times its 2024 earnings [6][19] - The company has AUD 18 million in franking credits and AUD 280 million in income tax losses available for future use [6] Production and Growth Strategy - The Cayman II copper-gold mine has recommenced underground mining, producing copper concentrate and shipping it globally [5][11] - The Nugent Acceleration Project is expected to increase production by 25% and reduce unit costs by 15-20% over the next 6-12 months [12][15] - Hillgrove plans to expand its exploration efforts, targeting four new mineralization zones, including the promising Emily Star zone with 2.6 million tonnes of existing resources [13][18] Operational Performance - As of June 1, 2025, Hillgrove had developed 11.5 kilometers underground and 470,000 tonnes of developed stocks, showing significant operational progress since starting 18 months ago [14] - The company reported an operating cash flow of AUD 19.1 million in the first half of the year, with AUD 17.7 million spent on capital development [16] Future Outlook - Hillgrove is focused on organic growth, with a sound mineral resource and ore reserve expected to be updated in Q4 2025 [17] - The company has an exploration target of 25 million to 40 million tonnes of copper, with ongoing drilling within the mine footprint [18] - Hillgrove is well-positioned to benefit from the anticipated supply-demand deficit in the copper market, with a strategic vision centered on operating excellence and disciplined growth [20]

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.

Core Insights - Koryx Copper Inc. announced positive assay results from 12 drill holes totaling 3,603 meters as part of the Phase 2 drill program for the Haib Copper Project in Namibia, indicating the project's potential for copper production through conventional methods and heap leaching [2][3][30] Group 1: Drill Program and Results - The company has completed 29 out of a planned 37 drill holes in Phase 2, totaling 8,647 meters of diamond drilling [4] - Significant results include high copper grades in several drill holes, such as HM62 with 572 meters at 0.33% Cu and HM51 with 112 meters at 0.32% Cu [4][21] - The drilling program is expected to accelerate with the arrival of additional drill rigs in the coming weeks, enhancing the drilling rate for the second half of 2025 [3][4] Group 2: Geological and Technical Developments - Ongoing work includes the development of an updated geological model to improve mineral resource estimation, which will incorporate new insights from recent drilling [4][20] - The company is making progress on metallurgical testwork and ancillary studies related to infrastructure, environmental considerations, and permitting [3][4] - A revised geological model is being developed to enhance the identification of higher-grade areas and improve overall resource estimates [20] Group 3: Future Plans and Objectives - The company aims to complete 28,000 meters of drilling by the end of 2025, with the final Phase 4 infill drilling program scheduled to begin in Q2 2026 [17] - Key objectives include targeting higher-grade areas, performing multi-element assays for byproducts, and improving geological modeling [18][19] - The Haib project is positioned as a potential long-life, low-cost copper project with additional copper production possibilities from heap leaching [30][31]