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 Company) refers to its announcements on 30 September 2025,
2 October 2025 and 3 October 2025, that it has secured firm commitments for a placement of 574 million new
fully paid ordinary shares (Shares) at an issue price of 1.5 cents (ZAR17 cents) per Share to sophisticated and
professional investors and, subject to receipt of shareholder approval, Orion Chairman, Denis Waddell
(Placement).

Orion has today issued 290,239,214 Shares at an issue price of 1.5 cents per Share, to raise A$4.35 million,
following receipt of funds from investors for commitments pursuant to the Placement. This finalises the issue of
Shares under the first stage of the Placement. The second stage of the Placement, being the issue of Shares
to Orion Chairman, Denis Waddell, is subject to Shareholder approval, which will be sought at the Company's
Annual General Meeting to be held on 27 November 2025.

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

16 October 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: 16-10-2025 08:38:00
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