ORION MINERALS LIMITED - Orion Increases Capital Raising to $7.7 million Following Additional Investor Support

Orion Increases Capital Raising to $7.7 million Following Additional Investor Support

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 Increases Capital Raising to $7.7 million Following Additional Investor Support


Orion Minerals Limited (ASX/JSE: ORN) (Orion or Company) refers to its announcement on 30 September 2025 regarding
a capital raising being undertaken by the Company to raise ~A$5 million (~ZAR57 million1) (with the ability to accept
additional subscriptions) via a placement of fully paid ordinary shares (Shares) at an issue price of 1.5 cents per Share
(ZAR17 cents) to sophisticated and professional investors and Orion Chairman, Denis Waddell (Placement).

The Company is pleased to announce that it has received additional firm commitments from sophisticated and
professional investors, increasing the amount raised by the Company to ~A$7.7 million (~ZAR89 million), comprising
approximately 515 million Shares at an issue price of 1.5 cents per Share (ZAR17 cents).

An Appendix 3B filing for the proposed issue of Shares, will follow this announcement.

For and on behalf of the Board.


Denis Waddell
Chairman

2 October 2025


ENQUIRIES

Investors                                             Media                                    JSE Sponsor
Anthony 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

1   ZAR amounts referred to in this announcement are based on an AUD:ZAR exchange rate of ~11.5.

Date: 02-10-2025 08:40:00
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