ORION MINERALS LIMITED - Orion Appoints Highly Experienced Mining Executive Philip Kotze as a Non-Executive Director

Orion Appoints Highly Experienced Mining Executive Philip Kotze as a Non-Executive Director

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


Orion Appoints Highly Experienced Mining Executive Philip Kotze as a Non-Executive Director


Mr Kotze joins as a representative of Orion’s new cornerstone investor, Clover Alloys (SA)

Further to the announcement of 15 March 2023 regarding a landmark strategic funding package, Orion Minerals
Limited (ASX/JSE: ORN) (Orion or the Company) is pleased to announce the appointment of highly-regarded
South African-based mining executive Mr Philip Kotze to its board as a non-executive director.

Mr Kotze has been nominated to the Orion Board as an appointee of the Company’s new cornerstone investor
and strategic partner, South African mining group, Clover Alloys (SA). Mr Kotze is the Chief Executive Officer of
Clover Alloys (SA).

Clover Alloys (SA) subscribed for 444 million Shares or ~A$6.7 million (ZAR80 million) in the A$13 million capital
raising by way of placement, announced on 15 March 2023, which was undertaken to sophisticated and
professional investors including existing substantial shareholders Tembo Capital and Delphi Group, as well as
Orion non-executive Director Tom Borman, Orion Chairman Denis Waddell and Orion Managing Director & CEO
Errol Smart. The placement Shares included an attaching option package that provides a clear pathway to
secure additional equity funding of up to A$60 million. This funding package will enable Orion to accelerate the
development of both of its key base metal production hubs in South Africa’s Northern Cape Province.

Clover Alloys is a highly regarded mining group with significant mine development and operational expertise,
including a strong track record in the successful development and operation of modular, capital efficient metal
processing plants at its chrome mines in South Africa. This expertise will be of significant strategic value to Orion
as it advances the development of its Prieska Copper-Zinc Project and Okiep Copper Project in South Africa
towards production.

About Philip Kotze

Philip started his career in 1981 with Anglovaal Mining Corporation. During his career he worked for a number of
companies including Anglogold Ashanti, Kalgold, Harmony Gold Mining Co Ltd, Deloitte and Anooraq Resources
Corporation. Philip has accumulated significant operational experience over the last 40 years on a number of
different mines and has distinguished himself as an expert in finding innovative solutions for complex problems.

Philip has served as a senior executive for listed mining companies since 1996. He was Operations Director for
Harmony Gold Mining Co Ltd, and in 2008 joined Atlatsa Resources Corporation, a public company listed on the
TSX-Venture Exchange, Amex and the JSE, in the role as President and Chief Executive Officer, a position he held
until March 2011. Thereafter, Philip took up the position as Chief Executive Officer of Witwatersrand Consolidated
Gold Company in 2011 with the objective of taking it from exploration into production. Witwatersrand
Consolidated Gold Company was subsequently acquired by Sibanye Gold at the end of March 2014.

Philip joined Clover Alloys (SA) Pty Ltd in 2014 when he took over the reigns as Chief Executive Officer. At that
time Clover Alloys had a single wash plant with an annual capacity of 24,000 t/annum. During 2015, it increased
its processing capacity to 270,000 t/annum by building a new processing plant in the Kroondal area. During
2019, Clover Alloys successfully acquired the Lanxess chrome mine in Kroondal and took a loss-making operation
to a profitable business in the first year of ownership, whilst establishing it in the bottom quartile of cost producers.
Clover Alloys has continued to grow its processing capacity, which now stands at more than 1.5 million t/annum.

Following Mr Kotze’s appointment, the Company also advises that Mr Alexander Haller will step down as a non-
executive Director, effective immediately, in order to focus on his other business interests. The Board wishes to
thank Mr Haller for his significant contribution to Orion over the past fourteen years and wishes him the very best
for the future.

Orion’s Chairman, Denis Waddell, said:

“We are delighted to welcome Philip Kotze to the Orion Board, with Orion set to benefit from Philip’s outstanding
track record of developing and optimising mining and processing operations. Philip’s appointment, which forms
part of our broader partnership with Clover Alloys as a new cornerstone shareholder, provides strong operational
expertise to the Board and to Orion’s operations team as the Company moves into a new phase of project
development to become a near-term base metals producer.

“I would also like to pay tribute to outgoing director, Alexander Haller, who has made a significant contribution
to Orion over more than 14 years of service. Throughout that time, Orion has transitioned from an Australian gold
explorer to a South African base metals developer that is now gearing up to commence production from two
operating centres. I would like to sincerely thank Alexander for his support, commitment, and contribution over
many years, and wish him the very best in his future endeavours.”

For and on behalf of the Board.




Denis Waddell
Chairman

6 April 2023



ENQUIRIES

    Investors                                  Media                                     JSE Sponsor
    Errol Smart – 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

Disclaimer
This release may include forward-looking statements. Such forward-looking statements may include, among other things,
statements regarding targets, estimates and assumptions in respect of metal production and prices, operating costs and
results, capital expenditures, mineral reserves and mineral resources and anticipated grades and recovery rates, and are or
may be based on assumptions and estimates related to future technical, economic, market, political, social and other
conditions. These forward-looking statements are based on management’s expectations and beliefs concerning future
events. Forward-looking statements inherently involve subjective judgement and analysis and are necessarily subject to risks,
uncertainties and other factors, many of which are outside the control of Orion. Such forward-looking statements are based
on numerous assumptions regarding the Orion's present and future business strategies and the political and economic
environment in which the Orion will operate in the future, which are not guarantees or predictions of future performance.
Actual results and developments may vary materially from those that may be contemplated or implied by forward-looking
statements in this release.
Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. All
information in respect of Exploration Results and other technical information should be read in conjunction with Competent
Person Statements in this release (where applicable). To the maximum extent permitted by law, Orion and any of its related
bodies corporate and affiliates and their officers, employees, agents, associates and advisers:
•      disclaim any obligations or undertaking to release any updates or revisions to the information in this release to reflect any
       events, circumstances or change in expectations or assumptions after the date of this release;
•      do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the
       information in this release, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or
       implied in any forward-looking statement; and
•      disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for
       negligence).

Date: 06-04-2023 09:12:00
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