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ORIONMIN:  13   -1 (-7.14%)  14/07/2025 19:00

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

Release Date: 14/07/2025 09:07
Code(s): ORN     PDF:  
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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).

On 24 April 2025, Orion announced that it had entered into a A$2.0 convertible loan facility with Ratel Growth
Pty Ltd (Ratel Growth) (Loan Facility). Ratel Growth agreed to subscribe for Shares at a deemed issue price
that is the same as the Placement Price, with the subscription price payable by Ratel Growth to be set-off
against all amounts (including interest) outstanding under the Loan Facility.

Orion has today issued:

      •     5,454,545 Shares at an issue price of 1.1 cents per Share, to raise A$0.06 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$3.2 million) and these Shares are expected
            to be issued shortly.

      •     186,398,014 Shares at a deemed issue price of 1.1 cents per Share to Ratel Growth, thereby repaying
            the Ratel Growth Loan Facility (including interest) in full.

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


14 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: 14-07-2025 09:07:00
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