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 its announcement on 1 July 2024 regarding
a ~A$7.7 million (~ZAR92.3 million) capital raising, which was conducted via a placement to sophisticated and
professional investors, pursuant to Section 708A of the Corporations Act 2001 (Placement). The Placement
comprised the issue of approximately 513 million fully paid ordinary shares (Share) at an issue price of A$1.5 cents
(being ZAR18 cents) per Share.

Orion engaged South African adviser Webb Street Capital (Pty) Ltd (Webb Street) to provide professional services
to Orion in South Africa over recent years, including the recent Placement (Services). Orion has issued 23,675,000
Shares to Webb Street, in lieu of cash payment for the Services. Webb Street has agreed to receive Shares in
satisfaction of the fees payable to it for those Services, at a deemed issue price of A$1.5 cent per Share, being the
price paid by investors under the Placement.

The issue of these Shares to Webb Street 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

30 July 2024

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

Date: 30-07-2024 08:37:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.