Ormonde Mining Cdi — Interim Results

(AQSE:ORM) (TSXV:WINS) (TSXV:TRU) (NYSE:EGO) (TSX:ELD) (AQSE:ORM.) Ormonde Mining plc announced its unaudited interim results for the six months ended 30 June 2026. Ormonde holds a 36.3% equity interest in TRU Precious Metals (TSXV: TRU), which is advancing the Golden Rose Project in Newfoundland, Canada, where a previously unrecognised mineralised gold trend was identified, extending at least 3,000 metres along strike and up to 600 metres wide. Outcrop and float grab samples at Golden Rose returned grades of up to 91.3g/t gold, with additional samples assaying 36.1g/t, 3.3g/t, 72.7g/t, and 40.6g/t gold. In September 2026, TRU identified two new gold-in-soil anomalies near the Wood Lake gold zone, measuring 900m by 450m (East) and 450m by 450m (Southwest), and staked a further 394 claims along the southern boundary of the Golden Rose licence area. TRU formalised its 51% interest in the Staghorn Property (representing 11% of Golden Rose) via a Joint Venture Agreement with Quadro Resources, effective 5 July 2025, and acts as operator, earning a 10% operator’s fee on expenditure. The Golden Rose project is subject to an earn-in agreement with Eldorado Gold Corporation (NYSE: EGO, TSX: ELD), which can fund up to C$15.25 million of exploration expenditure and cash payments over five years to earn an 80% interest. Ormonde owns 100% of the Antofagasta and Cueva Negra gold exploration licences (Zamora licences) in western Spain, with a recent three-year licence renewal and full ownership consolidation completed in 2025 (from 48% previously). The Board has commenced planning to restart exploration at Zamora and is assessing further project and licence opportunities in Spain. Ormonde also holds an 18.9% equity interest in Peak Nickel Limited, which owns the Rodburn Target at the Portsoy Project in Scotland. Winshear Gold Corp. (TSXV: WINS) optioned the Portsoy Project in August 2025 and can earn a 100% interest over five years by fully funding exploration, while Peak Nickel retains a 1% Net Smelter Returns Royalty capped at £10 million. During the period, Winshear completed a six-hole diamond drilling programme at Portsoy (1,236 metres total), with downhole EM surveys identifying a strong conductor for future testing. Metallurgical test work confirmed expected recoveries of 75-80% for copper and 60-65% for nickel, with concentrate qualities described as attractive to nickel smelters. Ormonde reported a group loss for the six-month period of €354,000 (H1 2025: loss of €999,000), group net assets as at 30 June 2026 of €7.37 million (30 June 2025: €8.03 million), and group cash and cash equivalents of €2.1 million (30 June 2025: €1.2 million). The company received the final €250,000 deferred consideration payment in January 2026 relating to the 2022 sale of the La Zarza assets in Spain, completing receipt of the full €2.3 million sale proceeds. Brendan McMorrow is Chief Executive Officer and Brian Timmons is Chairman of Ormonde Mining plc.