ORION MINERALS LIMITED - Capital Raising Increased to $8.6 million Following Additional Investor Support

Capital Raising Increased to $8.6 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


Capital Raising Increased to $8.6 million Following Additional Investor Support


Orion Minerals Limited (ASX/JSE: ORN) (Orion or Company) refers to its announcements on 30 September 2025 and 2
October 2025 regarding a capital raising being undertaken by the Company to raise ~A$7.7 million (~ZAR89 million) (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, resulting in the amount now raised by the Company totalling ~A$8.6 million (~ZAR99 million)
(before costs), comprising approximately 574 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

3 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

Date: 03-10-2025 12:02:00
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