Share Issue – Notice under Section 708A(5)(e)

Orion Minerals Limited
Incorporated in the Commonwealth of Australia
Australian Company Number 098 939 274
ASX share code: ORN
JSE share code: ORN
ISIN: AU000000ORN1

Share Issue – Notice under Section 708A(5)(e)


Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) refers to its announcement on 8 July 2025 that
it has secured firm commitments for a placement of 289 million new fully paid ordinary shares (Shares) to
sophisticated and professional investors (Placement) and agreement to convert outstanding loan amounts
owed by Orion to equity via the issue of 233 million Shares, for a total aggregate value of ~A$5.8 million
(~ZAR67 million). In total, approximately 522 million Shares will be issued under the Placement and loan
conversions, at an issue price (or deemed issue price, as applicable) of 1.1 cents (being ZAR13 cents) per
Share (Placement Price).

Orion has today issued 239,335,692 Shares at an issue price of 1.1 cents per Share, to raise A$2.63 million,
following receipt of funds from investors for commitments pursuant to the Placement. The Company has
secured firm commitments for the balance of the Placement (being A$0.5 million) and these Shares are
expected to be issued shortly.

The issue of these Shares falls within Orion's 15% capacity for issues of equity securities without shareholder
approval afforded by ASX Listing Rule 7.1.

In accordance with section 708A(5)(e) of the Corporations Act 2001 (Act), the Company advises as follows:

 1.   this notice is being given under paragraph 708A(5)(e) of the Act;

 2.   the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;

 3.   as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act
      as they apply to the Company;

 4.   as at the date of this notice, the Company has complied with section 674 and section 674A of the Act;
      and

 5.   all information of the kind that would be required to be disclosed to the market for the purposes of
      section 708A(6)(e) of the Act has been disclosed to ASX Limited.

For and on behalf of the Board.



Denis Waddell
Chairman

23 July 2025


ENQUIRIES

Investors                                Media                                JSE Sponsor
Tony Lennox – Managing Director & CEO    Nicholas Read                        Monique Martinez
Denis Waddell – Chairman                 Read Corporate, Australia            Merchantec Capital
T: +61 (0) 3 8080 7170                   T: +61 (0) 419 929 046               T: +27 (0) 11 325 6363
E: info@orionminerals.com.au             E: nicholas@readcorporate.com.au     E: monique.martinez@merchantec.com

Date: 23-07-2025 08:57:00
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