ORION MINERALS LIMITED - ASX Waiver Granted

ASX Waiver Granted

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
(“Orion” or “the Company”)


ASX WAIVER GRANTED


Orion Minerals Limited (ASX/JSE: ORN) (Orion or the Company) announces that ASX has
granted the Company a technical waiver from ASX Listing Rule 14.7 to the extent necessary
to permit the Company to issue 134,957,455 fully paid ordinary shares in the Company to
Power Matla Proprietary Limited, The Trustees for the time being of Mosiapoa Family Trust (or
its nominee) and African Exploration Mining Finance SOC Limited later than 3 months after
the date on which shareholder approval was obtained (at the Company's general meeting
on 7 June 2019), on the following conditions:

  •       the securities are issued no later than 7 October 2019 and otherwise on the same
          terms and conditions as the shareholder approval; and
  •       the Company immediately releases the terms of the waiver to the market.

The Company refers to the announcement on 12 September 2019, which confirmed the issue
of 86,056,022 shares to Power Matla Proprietary Limited and The Trustees for the time being of
Mosiapoa Family Trust (or its nominee) to which this waiver applies. The remaining shares to
be issued to African Exploration Mining Finance SOC Limited and The Trustees for the time
being of Mosiapoa Family Trust (or its nominee) (being approximately 48,901,433 shares) will
be issued following satisfaction of certain conditions precedent, which is expected to occur
shortly.


Errol Smart
Managing Director and CEO


13 September 2019


ENQUIRIES

Investors                              Media                                                         JSE Sponsor
Errol Smart – Managing                 Nicholas Read                      Barnaby Hayward            Rick Irving
Director & CEO
Denis Waddell – Chairman               Read Corporate, Australia          Tavistock, UK              Merchantec Capital
T: +61 (0) 3 8080 7170                 T: +61 (0) 419 929 046             T: +44 (0) 787 955 1355    T: +27 (0) 11 325 6363
E: info@orionminerals.com.au           E: nicholas@readcorporate.com.au   E: orion@tavistock.co.uk   E: rick@merchantec.co.za
Suite 617, 530 Little Collins Street
Melbourne, VIC, 3000

Date: 13/09/2019 08:05:00
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.