ORION MINERALS LIMITED - Share Issue Notice under Section 708A(5)(e)

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 an announcement by the Company on
25 February 2021 regarding a two-tranche Placement to sophisticated and professional investors and Orion non-
executive Director Tom Borman, to fund early-stage works at the fully-permitted and development-ready Prieska
Copper-Zinc Project as well as the potential acquisition of the advanced Okiep Copper Complex (OCC) and a
major exploration push at OCC and the Areachap Province, South Africa.

Orion has today issued 133,547,616 fully paid ordinary shares in the Company (Shares), at an issue price of $0.036
per Share, following receipt of funds from investors for Placement commitments pursuant to Tranche 1 of the
Placement. This follows the issue of 355.1M Shares at $0.036 per Share on 5 March 2021, resulting from a receipt
of $12.8M from investors for Tranche 1 commitments. The Company has received commitments for the balance
of Tranche 1 of the Placement and these Shares are expected to be issued shortly.

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 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

10 March 2021


ENQUIRIES

 Investors                                    Media                                JSE Sponsor
 Errol Smart – Managing Director &            Nicholas Read                        Monique Martinez
 CEO
 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@merchantec.co.za




Orion Minerals Limited                                                                        www.orionminerals.com.au
Incorporated in the Commonwealth of Australia
Suite 617, 530 Little Collins Street Melbourne, Victoria 3000                                            ASX Code: ORN
ACN: 098 939 274                                                                                         JSE Code: ORN
Ordinary shares on issue: 3,902m I Options on issue: 234m                                           ISIN: AU000000ORN1

Date: 10-03-2021 08:10:00
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