#Canada #Toronto #Orvana Minerals #Don Mario #Orovalle

Orvana Minerals Reports Construction and Production Updates

Orvana Minerals Corp. (TSX: ORV) is excited to share recent developments regarding its construction activities at the Don Mario property located in Bolivia, alongside the production achievements from its Orovalle project in Spain for the first quarter of fiscal year 2025 (Q1 FY2025).

Don Mario Construction Progress

The Company’s Bolivian subsidiary, Empresa Minera Paitití, S.A. (EMIPA), has successfully secured essential permits to initiate the plant expansion at the Don Mario site. Construction work is well underway, focusing extensively on site preparations and earthworks, particularly in the concrete foundation area for the expansion. As of December 31, 2024, the project has reached 3.5% completion.

Currently, 150 personnel are engaged at the construction site with nearly 118,496 labor hours logged without any reportable injuries or environmental incidents. The upcoming steps involve the procurement and fabrication of structural steel, tanks, and essential process equipment, reinforcing Orvana's commitment to advancing this project on schedule. The completion of construction is anticipated by the end of 2025, pending the successful acquisition of the remaining funding in the first half of this year.

Juan Gavidia, Orvana's CEO, expressed optimism about the project's trajectory, emphasizing the transformative potential of commencing commercial production by early 2026. This milestone could redefine Orvana's operational landscape.

Orovalle Q1 FY2025 Production Results

Turning to the company’s operations in Spain, Orovalle has reported impressive production metrics for Q1 FY2025. The production statistics showcase:

• - Gold Production: 7,631 ounces, aligning with the fiscal year 2025 guidance of 37,000 to 41,000 ounces.
• - Copper Production: 1.1 million pounds, on track to meet the guidance range of 2,400 to 2,700 K lbs.

The ore milling figures for this quarter indicate a processing of 118,649 tonnes, contributing to the overall 9,694 gold equivalent ounces produced during this period. The gold recovery rate stood at 92.7%, reflecting operational efficiency and improvement from the previous quarter.

Drilling Updates: Orovalle Developments

The drilling activities conducted in Q1 FY2025 targeted various areas, including the contiguous Area 208, focusing on delineating new inferred resources while striving to upgrade these resources to indicated status. Notable findings were recorded, with drill hole 24A21957 revealing an impressive intercept of 80.9 meters at 8.36 g/t Au.

Exploration continues in Area 208 and the Ortosa-Godán project, the latter indicating significant promise with ongoing drilling expected to enhance understanding and extend mineralization depth.

The comprehensive strategy utilized for sample quality control adheres to industry-standard protocols, ensuring precise analysis and dependable results.

Moving forward, Orvana aims to maintain this momentum as it progresses through 2025, illustrating its potential for growth and increased shareholder value through diligent resource management and operational excellence.

For more information on the company and detailed reports, please visit Orvana’s official website at www.orvana.com.

Conclusion

Orvana Minerals is making significant strides at both Don Mario and Orovalle, with ongoing construction efforts and robust production results marking the first quarter of FY2025. By focusing on safety, efficiency, and sustainability, Orvana is positioned to capitalize on its projects, offering a promising outlook for investors and stakeholders alike.