Orion Minerals : Appendix 3G - Placement T2

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Announcement Summary

Entity name

ORION MINERALS LTD

Date of this announcement

Tuesday August 23, 2022

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
ORNAW	OPTION EXPIRING 30-JUN-2023 EX $0.025	72,227,022	23/08/2022

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 1 - Entity and announcement details

1.1 Name of entity

ORION MINERALS LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2	Registered number type	Registration number
ACN	098939274
1.3	ASX issuer code
ORN

1. The announcement is New announcement
2. Date of this announcement

23/8/2022

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and	Announcement Title
Time
22-Jun-2022 10:05	New - Proposed issue of securities -
	ORN

Selected Appendix 3B to submit quotation request

A placement or other type of issue

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

No

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description

ORNAW : OPTION EXPIRING 30-JUN-2023 EX $0.025

Date the +securities the subject of this notification were issued

23/8/2022

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

72,227,022

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Nil consideration is payable for the issue of the options, however, each option has an exercise price of 2.5 cents.

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)
	Total number of
ASX +security code and description	+securities on issue
ORN : ORDINARY FULLY PAID	4,605,583,117

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
ORNAB : OPTION EXPIRING VARIOUS EX VARIOUS PRICES	117,200,000
ORNAT : OPTION EXPIRING 31-MAR-2025 EX $0.028	26,833,333
ORNAU : OPTION EXPIRING 31-MAR-2025 EX $0.035	26,833,333
ORNAV : OPTION EXPIRING 31-MAR-2025 EX $0.04	26,833,334
ORNAW : OPTION EXPIRING 30-JUN-2023 EX $0.025	150,329,680

Notification of Issue, Conversion or Payment up of Unquoted

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