Orion Minerals increases capital raise to A$8.6m after strong investor demand

Orion Minerals Limited announced on 3 October 2025 that it has received additional firm commitments, boosting its capital raising to approximately A$8.6 million before costs. This increase, from the previously announced A$7.7 million, will be achieved through the issue of approximately 574 million fully paid ordinary shares at an issue price of 1.5 cents per share via a placement.

The proposed issue of 240,639,212 additional shares will utilise the company's 15% placement capacity without security holder approval. The funds raised are earmarked for progressing the development of the Upper PCZM, optimisation studies at the Okiep Copper Project, general working capital purposes, and work associated with finalising off-take related funding for the development of PCZM.

MST Financial Services Pty Limited is acting as the lead manager/broker, receiving a fee of 6% of the placement proceeds. Additionally, Webb Street Capital (Pty) Ltd will receive a fee of 5% of the placement proceeds raised from certain South African resident investors for professional services provided. The proposed issue date for these securities is 14 October 2025.