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 the Company) refers to its announcement on 1 July 2024
regarding a ~A$7.7 million (~ZAR92.3 million) capital raising, which was conducted via a placement to
sophisticated and professional investors, pursuant to Section 708A of the Corporations Act 2001 (Placement).
The Placement comprised the issue of approximately 513 million fully paid ordinary shares (Share) at an issue
price of A$0.015 (being ZAR18 cents) per Share.

Orion engaged adviser Cabarate Pty Ltd (Cabarate) to provide professional services to Orion, including the
recent Placement (Services). Orion has today, issued 768,115 Shares to Cabarate, in lieu of cash payment for
the Services. Cabarate has agreed to receive Shares in satisfaction of the fees payable to it for those Services,
at a volume weighted average deemed issue price of A$0.0138 per Share.

The issue of these Shares to Cabarate 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


24 September 2024



ENQUIRIES

Investors                                 Media                                 JSE Sponsor
Errol Smart – 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: 25-09-2024 08:58:00
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