ORION MINERALS LIMITED - $0.5 Million Loan Facility

$0.5 Million Loan Facility

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


$0.5 Million Loan Facility


Orion Minerals Limited (ASX/JSE: ORN) (Orion or Company) is pleased to announce that Tarney Holdings Pty Ltd
(Tarney), a company of which Orion's Chairman, Mr Denis Waddell is a director and shareholder, has continued
its strong support of Orion by providing an unsecured loan facility of up to $0.5 million (Loan Facility).

Proceeds from the Loan Facility will be used principally for working capital. The key terms of the Loan Facility
agreement are:

    •   Loan Amount – $0.5 million;

    •   Interest – capitalised at 10% per annum;

    •   Repayment – the date which is the earlier of:

             o   Completion by Orion of a funding transaction sufficient to repay the loan funds; or
             o   30 September 2025; or
             o   such later date as agreed between the parties in writing;

    •   Security – the Loan Facility is unsecured;

    •   Undertakings – Orion has provided undertakings which are customary for an agreement of this type,
        including in relation to the incurring of debt, granting of security, compliance with laws, and operational
        matters; and

    •   Warranties – customary warranties for a transaction of this nature are given by each of Orion and Tarney.

For and on behalf of the Board.


Tony Lennox
Managing Director & CEO

23 June 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: 23-06-2025 08:14:00
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