Orvana Provides Exploration Update Attending Pdac 2025 Convention in Toronto, March 2-5 Exhibiting at Booth #2243
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For Immediate Release TSX:ORV
Date: February 27, 2025 #04-2025
ORVANA PROVIDES EXPLORATION UPDATE
ATTENDING PDAC 2025 CONVENTION IN TORONTO, MARCH 2-5
EXHIBITING AT BOOTH #2243
Toronto, Ontario, February 27, 2025 - Orvana Minerals Corp. (TSX:ORV) (the “Company” or
“Orvana”) is pleased to report exploration updates from Taguas, Argentina, and announces that it will be
exhibiting at the 202 5 Prospectors and Developers Association of Canada (PDAC) International
Conference being held in Toronto at the Metro Toronto Convention Centre from March 2 to 5, 2025.
PDAC 2025
Orvana cordially invites shareholders, investors, brokers, analysts, and interested parties, to learn more
about its operations and growth perspectives via brownfield and greenfield exploration programs, by
visiting booth #2243 in the Investors Exchange area of PDAC.
The PDAC International Convention, Trade Show & Investors Exchange is the world’s leading convention
for people, companies and organizations in, or connected with, mineral exploration. For more information
about the conference, visit: http://pdac.ca/convention
The Corporate Presentation, providing an overview of our operations and properties, is available at:
https://www.orvana.com/English/investors/presentations/default.aspx
TAGUAS PROJECT – DEEP GEOPHYSICS SURVEY
Orvana’s strategy in its Taguas project had been focused on the oxides portion of the property. In light of
the global developments, the Company is currently reconsidering the strategy, now potentially including
sulphides resources, plus deep copper-gold porphyry opportunities.
In order to identify potential targets at depth, Orvana is preparing plans to conduct a deep geophysical
survey capable of detecting targets of up to a depth of 1,500 m. The survey is expected to take place
during the following weeks, with the goal of having results available by the third quarter of fiscal 2025. The
Company is currently updating its geological modeling, with key objectives focused on enhancing the
understanding of the oxide-sulfide transition zone, analyzing alteration zoning using infrared spectroscopy,
and interpreting current drilling data to support the interpretation of the geophysical survey.
The following outlines technical specifications planned for the survey:
- 7 lines of 4.0 km in the area between Cerro Campamento and Cerros Taguas, defined by alteration
footprint and current drilling data.
- IPEx method:
o Designed by Geophysical Resources and Services (GRS) www.grschile.com
o Derived from the full MIMDAS RES/IP/MT.
o The MIMDAS system is ideal for its capability to measure very low signals, due to the
enhanced telluric correction. The IPEx method consists in removing most of the
transmitter (Tx) sites from the normal MIMDAS array, while maintaining all receiver (Rx)
sites collecting the RES/IP and MT data. This has an immediate advantage on the time.
o Proven deep penetrating method used by major companies in Chile / Argentina for
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epithermal to porphyry exploration.
Figure 1. Planned IPEx lines in Taguas Project
Quality Control
The exploration update was prepared under the supervision of Raúl Álvarez Cifuentes , a qualified person
for the purposes of NI 43-101 and an employee of Orovalle Minerals S.L., a subsidiary of Orvana.
ABOUT ORVANA – Orvana is a multi -mine gold-copper-silver company. Orvana’s assets consist of the
producing El Valle and Carlés gold- copper-silver mines in northern Spain, the Don Mario gold- silver
property in Bolivia, currently in care and maintenance, and the Taguas pro perty located in Argentina.
Additional information is available at Orvana’s website (www.orvana.com).
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For further information please contact:
Nuria Menéndez
Chief Financial Officer
Cautionary Statements – Forward-Looking Information
Certain statements in this presentation constitute forward- looking statements or forward-looking information within the meaning of
applicable securities laws (“forward- looking statements”). Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives, assumptions, potentials, future events or performance (often, but
not always, using words or phrases such as “believes”, “expects”, “plans”, “estimates” or “intends” or stating that certa in actions,
events or results “may”, “could”, “would”, “might”, “will”, “are projected to” or “confident of” be taken or achieved) are not statements
of historical fact, but are forward-looking statements.
The forward-looking statements herein relate to, among other things, Orvana’s ability to achieve improvement in free cash flow; the
ability to maintain expected mining rates and expected throughput rates at El Valle Plant; the potential to extend the mine life of El
Valle and Don Mario beyond their current life-of-mine estimates including specifically, but not limited to, Orvana’s ability to optimize
its assets to deliver shareholder value; estimates of future production (including without limitation, production guidance), operating
costs and capital expenditures; mineral resource and reserve estimates; statements and information regarding future feasibili ty
studies and their results; future transactions; future metal prices; the ability to achieve additional growth and geographic
diversification; and future financial performance, including the ability to increase cash flow and profits; future financing requirements;
mine development plans; the possibility of the conversion of inferred mineral resources to mineral reserves.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable
by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive
uncertainties and contingencies, which includes, without limitation, as particularly set out in the notes accompanying the Company’s
most recently filed financial statements. The estimates and assumptions of the Company contained or incorporated by reference in
this news release, which may prove to be incorrect, include, but are not limited to the various assumptions set forth herein and in
Orvana’s most recently filed Management’s Discussion & Analysis and Annual Information Form in respect of the Company’s most
recently completed fiscal year (the “Company Disclosures”) or as otherwise expressly incorporated herein by reference as well as:
there being no significant disruptions affecting operations, whether due to labour disruptions, supply disruptions, power disruptions,
damage to equipment or otherwise; permitting, development, operations, expansion and acquisitions at El Valle, Don Mario and
Taguas being consistent with the Company’s current expectations; political developments in any jurisdiction in which the C ompany
operates being consistent with its current expectations; certain price assumptions for gold, copper and silver; prices for key supplies
being approximately consistent with current levels; production and cost of sales forecasts meeting expectations; the accuracy of the
Company’s current mineral reserve and mineral resource estimates; labour and materials costs increasing on a basis consistent with
Orvana’s current expectations; and the availability of necessary funds to execute the Company’s plan. Without limiting the generality
of the foregoing, this news release also contains certain "forward- looking statements" within the meaning of applicable securities
legislation, including, without limitation, references to the results of the Company’s exploration activities, including but not limited to,
drilling results and analyses, mineral resource estimation, conceptual mine plan and operations, internal rate of return, sensitivities,
taxes, net present value, potential recoveries, design parameters, operating costs, capital costs, production data and economic
potential; the timing and costs for production decisions; permitting timelines and requirements; exploration and planned exploration
programs; and the Company's general objectives and strategies.
A variety of inherent risks, uncertainties and factors, many of which are beyond the Company’s control, affect the operations ,
performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated
or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and f actors
include: the potential impact of global health and global economic conditions on the Company’s business and operations, including:
our ability to continue operations; and our ability to manage challenges presented by such conditions; the general economic, political
and social impacts of the continuing conflict between Russia and Ukraine, our ability to support the sustainability of our business
including through the development of crisis management plans, increasing stock levels for key supplies, monitoring of guidance from
the medical community, and engagement with local communities and authorities; fluctuations in the price of gold, silver and copper;
the need to recalculate estimates of resources based on actual production experience; the failure to achieve production estim ates;
variations in the grade of ore mined; variations in the cost of operations; the availability of qualified personnel; the Company’s ability
to obtain and maintain all necessary regulatory approvals and licenses; Orovalle’s ability to complete the permitting process of the
El Valle Tailings Storage Facility increasing the storage capacity; Orovalle’s ability to complete the stabilization project of the legacy
open pit wall; the Company’s ability to use cyanide in its mining operations; risks generally associated with mineral exploration and
development, including the Company’s ability to continue to operate the El Valle and/or ability to resume operations at the Carlés
Mine; the Company’s ability to successfully implement an acid leaching circuit and ancillary facilities to process the current oxides
stockpiles at Don Mario; the Company’s ability to s uccessfully carry out exploration and development plans at Taguas; sufficient
funding to carry out exploration and development plans at Taguas and to process the oxides stockpiles at Don Mario; EMIPA’s ability
to finalize the OSP financial model and subsequently complete the required funding for the OSP; the Company’s ability to acquire
and develop mineral properties and to successfully integrate such acquisitions; the Company’s ability to execute on its strategy; the
Company’s ability to obtain financing when required on terms that are acceptable to the Company; challenges to the Company’s
interests in its property and mineral rights; current, pending and proposed legislative or regulatory developments or changes in
political, social or economic conditions in the countries in which the Company operates; general economic conditions worldwide; the
challenges presented by global health conditions; fluctuating operational costs such as, but not limited to, power supply costs; current
and future environmental matters; and the risks identified in the Company’s disclosures. This list is not exhaustive of the factors that
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may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s Disclosures for
a description of additional risk factors.
Any forward-looking statements made herein with respect to the anticipated development and exploration of the Company’s mineral
projects are intended to provide an overview of management’s expectations with respect to certain future activities of the Company
and may not be appropriate for other purposes. Forward-looking statements are based on management’s current plans, estimates,
projections, beliefs and opinions and, except as required by law, the Company does not undertake any obligation to update forward-
looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change. Readers are
cautioned not to put undue reliance on forward- looking statements. The forward- looking statements made in this information are
intended to provide an overview of management’s expectations with respect to certain future operating activities of the Company and
may not be appropriate for other purposes.