Announcement PDF August 2026 DSO Study Fast-Tracks Kangaroo Hills Lithium Cash Flow A LOW COST, RAPID- DEPLOYMENT LITHIUM DEVELOPMENT OPPORTUNITY ORERESOURCES.COM.AU 2 Forward Looking Statements This presentation contains a series of forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Ore’s planned exploration and development activities and other statements that are not historical facts. When used in this document, the words such as “could,” “plan,” “estimate,” “expect,” “intend,” “may”, “potential”, “should,” and similar expressions are forward-looking statements. Although Ore believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties, and no assurance can be given that actual results will be consistent with these forward-looking statements. Ore has concluded that it has a reasonable basis for providing these forward-looking statements and the forecast financial information included in this presentation. This includes a reasonable basis to expect that it will be able to fund the development of the Kangaroo Hills Lithium Project upon successful delivery of the requisite development milestones, when required. The reasons for these conclusions are outlined throughout this ASX release. While Ore considers all of the material assumptions to be based on reasonable grounds, there is no certainty that the Company will be able to successfully finance, construct or operate the Project. There is no certainty that the Company will be able to convert Mineral Resources to Ore Reserves, secure all necessary approvals, obtain required financing, establish commercial offtake arrangements or achieve the operational performance assumed in the Study. Competent Persons Statement The exploration targets or conceptual exploration targets in this presentation or expressed during the course of this presentation are subject to completion of the necessary feasibility studies, permitting and execution of all necessary infrastructure agreements. In relation to any statements pertaining to future exploration targets or conceptual exploration targets, the nature of the exploration target means that the potential quantity and grade is conceptual in nature. This presentation and information, opinions or conclusions expressed in the course of this presentation should be read in conjunction with Ore’s other periodic and continuous disclosure announcements lodged with the ASX, which will be available on the Future Battery Minerals website. The information in this report that relates to Exploration Results is based on information compiled by Mr Robin Cox and represents an accurate representation of the available data. Mr Cox (Member of the Australian Institute of Mining and Metallurgy) is the Company’s Chief Geologist and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the JORC Code 2012. Mr Cox consents to the disclosure of this information in this report in the form and context in which it appears. The information in this report that relates to Mineral Resources is based on and fairly represents information and supporting documentation compiled by Mr Robin Cox (the Company’s Technical Director) and Mr Lauritz Barnes, (Consultant with Trepanier). Mr Barnes is a independent consultant. Mr Cox is a Member of the Australian Institute of Mining and Metallurgy and Mr Barnes is a member of both the Australasian Institute of Mining and Metallurgy and the Australasian Institute of Geoscientists. Both Mr Cox and Mr Barnes have sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration, and to the activities undertaken to qualify as Competent Persons as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Specifically, Mr Cox is the Competent Person for the database (including all drilling information), for the site visits plus the geological and mineralisation models. Mr Barnes is the Competent Person for the geological and mineralisation models, construction of the 3-D model plus the estimation. Mr Cox and Mr Barnes approve the inclusion in this report of the matters based on information in the form and context in which they appear. The information in this report that relates to Mine design and Mine Schedule is based on and fairly represents information and supporting documentation compiled by Mr Paul O’Callaghan, (Consultant with On the Crest Mine Planning). Mr O’Callaghan is an independent consultant. Mr O’Callaghan is a member of the Australasian Institute of Mining and Metallurgy. Mr O’Callaghan has sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration, and to the activities undertaken to qualify as Competent Persons as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr O’Callaghan approves the inclusion in this report of the matters based on information in the form and context in which they appear. ASX Listing Rule Information The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the original market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the competent persons findings have not been materially modified from the original announcement. IMPORTANT NOTICES ORERESOURCES.COM.AU 3 We acknowledge the Traditional Custodians of the land on which we operate and pay our respects to their Elders past and present ACKNOWLEDGEMENT OF COUNTRY ORERESOURCES.COM.AU ORE RESOURCES 4 SHARE PRICE PERFORMANCE (12 MONTHS) Strongly positioned for near-term value growth CAPITAL STRUCTURE Market listings ASX: OR3 Share Price (A$ps, as at 26 August 2026) 0.091 Shares Outstanding 827.5 M Options and Performance Rights 121.0 M Market Capitalisation A$75.3 M Cash Balance (as at 30 June 2026) A$6.8 M $0.00 $0.02 $0.04 $0.06 $0.08 $0.10 $0.12 Aug-25 Oct-25 Dec-25 Feb-26 Apr-26 Jun-26 Aug-26 ORERESOURCES.COM.AU 5 Proven value generators delivering on strategy As Managing Director of Musgrave Minerals (ASX: MGV), Rob led the business from a A$20M IPO through to its successful A$201 million acquisition by Ramelius Resources (ASX:RMS) in 2023. ROB WAUGH Non-Executive Director NICK RATHJEN Managing Director & CEO Nick played an instrumental role in the commercialisation of the Arcadia Lithium Project as Head of Corporate Development at Prospect Resources (ASX: PSC), with the asset being transacted to Huayou Cobalt in 2022 for US$378M cash. NEV POWER Non-Executive Chairman Under Nev’s leadership of Fortescue Metals Group (ASX:FMG), its production quadrupled to over 170 Mtpa, and it was the lowest-cost supplier of seaborne iron ore to China. ROBIN COX Technical Director Robin has 15 yrs experience in Australian and international multi commodity minerals exploration and development. He led Ore's discoveries and was previously part of exploration teams at De Grey Mining, Mineral Resources and Toro Energy. A proven track record of exploration success, project stewardship, development expertise, and operational excellence, consistently driving and realising substantial shareholder value Strong Board and management ownership: excellent shareholder alignment Extensive industry networks and project opportunity generation pipelines PROVEN VALUE GENERATORS ORERESOURCES.COM.AU  3.1 Mt at 1.01% Li2O Initial MRE  2.4 Mt economic pitshell  Stage 1 development 1.25 Mt at 750ktpa  Simple mining, crushing and trucking of Direct Shipped Ore (DSO)  NPV8 $220.8M, Capex $24.9M, 4-month payback & $237.5M net cash flow  Direct access to sealed highways connecting to Esperance and rail 6 KANGAROO HILLS LITHIUM PROJECT One of the most advanced lithium development opportunities in Australia ORERESOURCES.COM.AU  Completed by leading engineering and technical consultant, Sedgman Pty Ltd, with an estimation accuracy of ±35%  Contractor-led DSO model minimises capital expenditure, reduces execution risk and accelerates production  Mine schedule comprised of 100% Indicated Resources  Low development risk with flexibility to align operations with prevailing market conditions  Established power, haulage, workforce and nearby processing infrastructure  Significant exploration and resource growth potential through further drilling  Project Agreement with the Traditional Owners 7 STUDY BASIS A compelling assessment of development potential ORERESOURCES.COM.AU 8 KEY PHYSICAL PARAMETERS A simple open-pit mining and crushing lithium DSO operation 16 months Initial mine life 750ktpa Plant throughput 1.26Mt Plant feed 7.9 LOM strip ratio 1.07% Average Li2O grade 1.19Mt Total DSO production Key Physical Parameters Unit Value Total material mined Mt 11.1 Plant throughput ktpa 750 Mine life months 16 Plant feed Mt 1.26 Total waste mined Mt 9.9 Strip ratio waste: ore 7.9 Plant recovery % 95 Average grade (Li2O) % 1.07 Total DSO production Mt 1.19 ORERESOURCES.COM.AU 9 KEY FINANCIALS Unit Value Financials Gross revenue A$M 513.4 Mining costs A$M 54.0 Crushing (Processing) A$M 21.9 Haulage costs A$M 74.1 Storage and ship loading costs A$M 16.6 Shipping costs A$M 42.1 Royalties A$M 42.4 Operating cashflow (pre-tax) A$M 262.4 Capital cost A$M 24.9 Net cashflow (pre-tax) A$M 237.5 Value metrics NPV8% (pre-tax) A$M 220.8 IRR (pre-tax) % 4,995 Payback period (pre-tax) Months 4 A$220.8M Pre-tax, real NPV8% A$237.5M Net cash flows (pre-tax) 4 months Payback period (pre-tax) A$513.4M Total revenue  Compelling economics for a scalable DSO operation  Early cash flow supports potential future development of spodumene concentrate operation  Forecast DSO price of A$430/t CIF China, applying DSO price linkage of 1.25% of Lithium Carbonate1 and 0.71 A$/US$ A highly robust, scalable lithium development opportunity with strong projected returns 1 Benchmark battery-grade lithium carbonate price of US$24,500/t adopted from Fastmarkets short term price forecast ORERESOURCES.COM.AU SITE LAYOUT & PIT DESIGN  Main pit design optimised for rapid cashflow  Measures ~410m in length and +200m in width, with a maximum depth of 100m  Smaller adjacent satellite pit excavation (Rocky pit), to a depth of ~20m  Ore to be open pit mined from the Big Red and Rocky pegmatites by a contract mining fleet  Mined ore to be hauled to a ROM stockpile and processed through a contractor-operated crushing facility  Proposed crushing facility comprises a standalone modular operation located adjacent to the ROM stockpile  Mine design based on an optimised pit shell (revenue factor of 0.54), reflecting a lower-risk and rapid-to-market development strategy Supporting a simple, low-cost mining operation 10 ORERESOURCES.COM.AU 11 TRANSPORT AND EXPORT LOGISTICS  Low-capital logistics solution using contractor- operated road trains to the Port of Esperance  Access to an established export pathway via ~300 km of sealed highways  No dedicated rail or material handling infrastructure required, minimising upfront capital requirements  Scalable and flexible transport solution easily matched to production and shipping demand  Plan to utilise existing covered storage and export infrastructure through target commercial arrangements with Southern Ports and third-party providers ORERESOURCES.COM.AU 12 12  Advancing discussions with potential strategic and commercial partners for offtake arrangements and project funding solutions  Ore sorting, metallurgical and geotechnical optimisation test work  Exploration at Kangaroo Hills and Miriam focused on resource growth and new discoveries  Progressing ML applications to grant and requisite environmental approvals NEXT PHASE ACTIVITIES AND EXECUTION SCHEDULE Positioning Kangaroo Hills for development Final Investment Decision (FID) targeted for mid-2027, subject to approvals and funding ORERESOURCES.COM.AU KEY UPSIDE OPPORTUNITIES Further potential value to be unlocked 1. Excluded Economic Material and Further MRE Conversion  >1.0 Mt of excluded Indicated DSO material provides clear life extension potential  Further resource conversion and pit optimisation offers future production growth opportunities 2. Further Exploration and Resource Growth  Strong exploration upside at Kangaroo Hills (Big Red/Rocky/ Potoroo pegmatites open along strike and at depth)  New discovery potential to be tested at Miriam  Further drill testing of regional targets across the Coolgardie Lithium Projects 3. Ore Sorting and Metallurgical Optimisation  Ore sorting and metallurgical optimisation programs targeting improved product quality and project economics 4. Domestic Ore Sales  Potential domestic sales pathway could materially reduce transport costs and enhance realized margin 5. Tantalum By-Products  Assessment of tantalum by-product recovery provides additional revenue upside 1 3 2 4 5 13 ORERESOURCES.COM.AU 14 LARGER OPEN PIT AND RESOURCE GROWTH Additional in-pit mineral inventory  In favour of a low-strip low-opex development, +1.0 Mt of DSO material (Indicated) within the economic pit shell was excluded from the Study production schedule  Sustained elevated prices would likely see this material mined and sold to significantly extend initial life  Current MRE also extends well beyond the economic pit shell  Sustained lithium prices could unlock further DSO tonnes currently outside the economic pit shell  Accelerating exploration across Coolgardie Lithium Projects to drive resource growth and new discoveries  Kangaroo Hills and Miriam remain relatively underexplored and highly prospective for lithium  Big Red/Rocky and Potoroo pegmatites remain open along strike and at depth ORERESOURCES.COM.AU 15 15 NEXT STEPS Positioning Kangaroo Hills for rapid advancement into production Final Investment Decision (FID) and first DSO production targeted for mid-2027, subject to approvals and funding Advancing discussions with potential strategic and commercial partners in relation to offtake arrangements and non-dilutive prepayment funding solutions Ore sorting, metallurgical and geotechnical test work, utilising core samples procured from recent diamond drilling Exploration drilling at Kangaroo Hills and Miriam focused on resource growth and new discoveries Mining Licence and environmental approval processes advancing ORERESOURCES.COM.AU 16 16 THE KANGAROO HILLS DSO OPPORTUNITY Experienced Board and executive team with strong ownership alignment and a proven track record of value creation All key approvals targeted by Q2 2027, supporting a fully permitted development pathway Further drilling targeting new discoveries and resource growth across the Coolgardie Lithium Projects Minimal capital requirements and reduced development risk under a contractor-led operating model Scoping Study outlines a low-capital, speed-to-market development at Kangaroo Hills centered around a simple mining, crushing and Direct Shipped Ore (DSO) export strategy Final Investment Decision (FID) and first DSO production targeted for mid-2027, subject to approvals and funding Rapid cash flow generation, reduced development risk and greater project development flexibility ORERESOURCES.COM.AU Suite 10, 38 Colin Street, West Perth WA 6005 T +61 8 6383 7817 F +61 8 6245 9853 Nicholas Rathjen CEO and Managing Director E nrathjen@oreresources.com.au M +61 405 730 041 Robin Cox Technical Director E rcox@oreresources.com.au M +61 432 516 276 Contact ORERESOURCES.COM.AU Supplementary Information ORERESOURCES.COM.AU 19 KEY ASSUMPTIONS Robust set of commercial inputs - 15,000 30,000 45,000 60,000 75,000 90,000 Jul-20 Nov-20 Mar-21 Jul-21 Nov-21 Mar-22 Jul-22 Nov-22 Mar-23 Jul-23 Nov-23 Mar-24 Jul-24 Nov-24 Mar-25 Jul-25 Nov-25 Mar-26 Jul-26 US$/tonne Lithium Carbonate (99.5% Li2CO3)  Benchmark battery-grade lithium carbonate price of US$24,500/t adopted  Forecast DSO price of A$430/t CIF China over the mine life, applying a DSO price linkage of 1.25% and an A$/US$ exchange rate of 0.71  Contractor-led development model utilising contract supplied pricing for operating cost assumptions  Pricing assumptions strongly supported by current market analysis  Incorporates prevailing industry pricing practices utilised by established research providers ORERESOURCES.COM.AU 20 20 MINERAL RESOURCE Category Tonnes (Mt) Grade Contained Metal Li2O % Ta2O5 ppm Fe2O3 % Li2O (t) Ta2O5 (lb) Indicated 2.71 1.05 118 1.2 28,400 708,700 Inferred 0.38 0.74 113 1.6 2,800 95,500 Total 3.10 1.01 118 1.23 31,200 804,200 Category Tonnes (Mt) Grade Contained Metal Li2O % Ta2O5 ppm Fe2O3 % Li2O (t) Ta2O5 (lb) Transition 0.49 0.97 100 1.40 4,800 108,800 Fresh 2.60 1.02 121 1.20 26,400 695,400 Total 3.10 1.01 118 1.23 31,200 804,200  MRE based on extensive drill database comprising 261 drill holes for 38,229m  ~90% of Mineral Resource in Indicated category  RPEEE constrained at DSO price assumption of A$650/t  Average tantalum grade of 118 ppm Ta₂O₅, comparable to Ta grades at neighbouring lithium operations  Potential Ta by-product recovery opportunity, subject to further metallurgical test work and economic assessment  Significant resources growth potential via regional exploration. Kangaroo Hills Mineral Resource Estimate (July 2026) Kangaroo Hills Mineral Resource Estimate (July 2026) by Oxidation Domain For full details of the Kangaroo Hills Mineral Resource, refer to OR3 ASX release dated 26 August 2026. The Company confirms that it is not aware of any new information or data that materially affects the information included in that release. All material assumptions and technical parameters underpinning the estimates in that release continue to apply and have not materially changed. Initial Mineral Resource (MR) declared at Kangaroo Hills ORERESOURCES.COM.AU 21 OPERATING COSTS Operating Cost Item Units Value Mining and Processing Surface Mining A$/t rock 4.8 Crushing (Processing) A$/t ROM 17.4 Selling and Royalties Haulage A$/t DSO 62.1 Storage and Ship Loading A$/t DSO 13.9 Shipping A$/t DSO 35.3 Royalties A$/t DSO 35.5 Total Operating Costs A$/t DSO 210.3 Item LOM (A$M) Mining 54.0 Crushing (Processing) 21.9 Haulage 74.1 Storage and Ship Loading 16.6 Shipping 42.1 Royalties 42.4 Total 251.1  Single mining contractor assumed to undertake all mining, crushing and haulage activities.  DSO product sold on a CIF basis, with Ore responsible for freight and delivery costs  G&A costs incorporated within crushing and processing cost assumptions  Process optimisation works underway, including ore sorting, to drive potential additional pricing and cost efficiencies Optimised pit design drives low delivered DSO cost of approx. A$210/t ORERESOURCES.COM.AU MINE SCHEDULE 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 30 60 90 120 150 180 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Li 2 O grade (%) DSO Produced (kt) Months Big Red Rocky Li2O (%) 10 20 30 40 50 200 400 600 800 1,000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Strip Ratio Total Material Mined (kt) Months Ore Waste Strip Ratio  16-month initial mine life based solely on Indicated Resources  Conservative low-strip, low-opex mine plan focused on early cash generation  Over 1.0 Mt of DSO material excluded from the base case (but sitting within the economic pit shell), preserving future upside  Potential mine life extension and production growth in a sustained strong lithium price environment High-confidence, scalable operating life 22 ORERESOURCES.COM.AU 23 SIMPLE PROCESSING SETUP  750 ktpa contractor-supplied crushing solution designed for lithium pegmatite ore  Modular electric circuit producing 40 mm P80 DSO product  Simple, robust two-stage crushing and screening flowsheet  Primary crusher sized above required throughput, providing operational flexibility and reducing production bottleneck risk  Fully maintained contractor owned and operated crushing, power, and support infra.  Accelerates project start-up while minimizing owner-funded capex Rapid mobilisation and project commissioning ORERESOURCES.COM.AU 24 Capital Cost Item A$M Direct costs and allowances 1.2 Indirect costs 19.5 Contingency 4.1 Total 24.9 -25 0 25 50 75 100 125 -50 0 50 100 150 200 250 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 A$M A$M months CAPITAL COST  Contractor-led strategy delivers low upfront capital cost requirements (~A$25M)  Largest capital component is waste pre-stripping (comprising approximately A$17.2 million)  Forecast payback within 4 months of project commencement Super low upfront capital cost delivers rapid path to free cash flow Net Pre-Tax Cashflows (Bars) and Cumulative Pre-Tax Net Cashflow (Line) ORERESOURCES.COM.AU 25 DSO Price (Inverse) DSO Selling Costs Mining Dilution Mining Costs Capital Costs Processing + G&A Costs Base NPV (A$220.8M) 313.7 128.0 189.1 252.5 212.4 229.0 212.7 228.9 215.9 225.8 216.9 224.8 SENSITIVITY ANALYSIS (+/- 20%) ORERESOURCES.COM.AU 26 PERMITTING AND APPROVALS Legislation Approval Environmental Protection Act (1986) (WA) (EP Act) Native Vegetation Clearing Permit Works Approval/License Mining Act (1978) (WA) Mine Closure and Development Plan Rights in Water and Irrigation Act (1914) (WA) 26D licence to construct water bores 5C licence to abstract water  Project Agreement signed with the Marlinyu Ghoorlie People in February 2026, supporting future development and Mining Licence (ML) grants  Approvals progressing, with ML grant expected late-2026  Clear State and Federal permitting pathway, with EPA referral considered unlikely under current plans  Environmental baseline studies in progress to support final approvals, including flora, fauna, hydrology, hydrogeology and waste rock characterisation  No material environmental constraints identified within the proposed mining and infrastructure footprint  Pit design remains above groundwater table, minimising dewatering requirements and environmental impacts All requisite approvals targeted by Q2 2027, supporting fully permitted development execution in mid-2027 Clear permitting pathway with strong stakeholder support ORERESOURCES.COM.AU 27 KEY RISKS Appropriate planning to mitigate key development and operating risks Area Risk Description Potential Impact Proposed Mitigation Geological Conditions Orebody continuity, grade distribution, stripping ratio and geotechnical conditionsremain subject to further investigation. Increased miningcosts and schedule impacts. Undertake geotechnical investigations, grade control drilling and detailed mine planning before project execution. Lithium Market Project economicsare sensitive to lithium pricing and future market demand for DSO lithium products. Reduced revenue and project viability. Maintain development flexibility, monitor market conditions, and align production commencement with favourable market cycles. Offtake Ability to secure long-term customers for crushed lithium pegmatite DSO product has not yet been confirmed. Production limitationsor delayed project development. Engage potential customers early, undertake product marketing campaigns, provide bulk samples, and secure preliminaryofftake agreements prior to final investment decisions. MiningCosts Miningcosts are based on preliminary assumptions and contractor inputs. Higher operating costs than estimated. Obtain competitive tenders from multiple miningcontractors and update estimates. CrushingPerformance Crushingthroughput and availability assumptions have not been validated under operating conditions. Reduced production rates and increased operating costs. Conduct ore characterisation testing, validate contractor assumptions, and include performanceguarantees within contractor agreements. Haulage Costs Haulage to Esperance is a major operating cost and remains sensitive to fuel pricing, contractor rates and transport regulations. Significant impact on project margins. Obtain firm haulage pricing, investigate alternative fleet configurations, and consider fuel escalation provisionsduring contract negotiations. Road Transport Reliance on long-distance road haulage between site and Esperance. Supply chain disruptions and reduced product delivery reliability. Develop haulage contingency plans, maintain product stockpile buffers, and engage experienced transport providers with sufficient fleet availability. Port Access Ongoingaccess to bulk storage and ship- loading capacity at Esperance Port remains subject to third-party availability. Export delays and increased logistics costs. Engage port service providers early, secure indicative capacity allocations, and investigate alternative storage arrangements if required. Water Supply Proposed borefield capacity, water quality and approval requirements remain unconfirmed. Additional capital expenditure or project delays. Undertake hydrogeologicalinvestigations and test bores early in project development. Environmental & permitting Mining, environmental, heritage and haulage approvals are yet to be completed. Delays to project execution and increased costs. Commenceenvironmental, heritage and stakeholder studies early and maintain regular engagement with regulators and TraditionalOwners. Site Layout Constraints Infrastructure must remain outside the 500 m pit exclusion zone and allow for future pit expansion. Potential redesign and relocation costs. Regularly review infrastructure locations against updated pit designs and preserve expansioncorridorsduring layout development. Capital Cost Accuracy Capital estimate is based on an AACE Class 5 study with an accuracy range of approximately ±35%. Potential capital cost escalation. Advance engineeringdefinition, strengthen vendor engagement and update estimates. Contractor Dependency Project execution relies heavily on mining, crushing and haulage contractors. Reduced control over costs, schedule and performance. Establish clear contractor KPIs, performance guarantees and interface management processes between contractors. Opportunity Area Opportunity Description Potential Benefit Recommended Actions Early Revenue DSO development provides a low-capital pathway to generate revenue prior to development of a full concentrator project. Accelerated cash flow and reduced funding requirements. Fast-track permitting and contractor engagement to minimisetime to first shipment. Resource Growth Big Red remains open along strike and down dip, with significant exploration upside at Miriam. Increased mine life and project value. Continueexplorationdrilling and resource expansionprograms. Contractor Model Outsourcing mining, crushing and haulage minimisesowner capital expenditure. Lower upfront investment and reduced execution risk. Continueto maximise contractor scope where commercially attractive. Existing Infrastructure Utilisation of existing road corridors to Esperance reduces infrastructure development requirements. Lower CAPEX and faster project implementation. Maintain alignment with approved freight routes and leverage existing logistics providers. Site Layout Optimisation Further optimisationof the pit, stockpiles and plant locationrelative to the 500 m exclusion zone may reduce internal haulage distances. Reduced operating costs and improved productivity. Undertake haulage simulationsand detailed layout reviews. CrushingCapacity The proposed Metso C160 primary crusher provides capacity beyond the current production requirement. Potential throughput increases with limited capital investment. Assess future production expansionscenarios using existing plant infrastructure. Infrastructure Expansion The DSO infrastructure could be utilised as part of a future beneficiationor spodumene concentrate project. Reduced future development costs. Preserve plant expansionareas and incorporate long-term development considerations into current design. Metallurgical Upside Testwork confirmsore suitability for DMS and flotationprocessing. Supports transition to a higher- value concentrate operation. Complete additional metallurgical testwork and evaluate future concentrator options. Offtake Partnerships Long-term strategic offtake agreements may provide funding and market certainty. Improved project financingand reduced market risk. Engage potential customers early and pursue strategic partnerships. Market Recovery Improvement in lithium pricing and demand could significantly enhance project economics. Higher project value and investment attractiveness. Maintain project readiness to take advantage of favourable market conditions. Key Project Risks Key Risk Mitigants ORERESOURCES.COM.AU Study Participants • Sedgman – Study Manager • On the Crest Mine Planning – Mine Design and Schedule • Trepanier – Mineral Resource and Geological Model • Peter O’Bryan & Associates – Geotechnical Assessment • Astill Consulting – Environmental 28