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Orion Minerals Limited
(Sydney:ORN)
Orion Minerals Limited (ORN) vs. iShares MSCI Australia ETF (EWA)
Orion Minerals Limited Business Overview & Revenue Model
Orion Minerals Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 269.00K | 381.00K | 75.00K | 58.00K | 46.00K | 70.00K | Gross Profit |
| -182.00K | 381.00K | -97.00K | -87.00K | -49.00K | -106.00K | EBIT |
| -10.27M | -10.98M | -10.49M | -15.19M | -9.39M | -9.32M | EBITDA |
| -9.45M | -9.91M | -16.42M | -15.09M | -1.71M | -17.17M | Net Income Common Stockholders |
| -5.85M | -5.39M | -15.33M | -14.29M | -1.76M | -17.55M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 6.34M | 8.27M | 7.56M | 4.29M | 20.55M | 1.22M | Total Assets |
| 142.65M | 136.60M | 92.36M | 89.64M | 97.96M | 65.83M | Total Debt |
| 33.02M | 25.86M | 3.50M | 4.08M | 3.99M | 8.21M | Net Debt |
| 26.68M | 17.59M | -4.06M | -213.00K | -16.56M | 6.99M | Total Liabilities |
| 48.30M | 43.66M | 7.74M | 8.74M | 6.96M | 11.00M | Stockholders Equity |
| 105.14M | 102.18M | 92.87M | 85.81M | 94.68M | 57.38M |
| Cash Flow | Free Cash Flow | ||||
| -33.14M | -28.96M | -13.92M | -17.61M | -10.99M | -13.90M | Operating Cash Flow |
| -10.32M | -12.07M | -9.96M | -12.93M | -9.13M | -8.28M | Investing Cash Flow |
| -24.15M | -18.25M | -4.43M | -5.04M | -1.89M | -5.55M | Financing Cash Flow |
| 28.89M | 30.52M | 18.35M | 1.85M | 30.16M | 14.02M |
Orion Minerals Limited Technical Analysis
Orion Minerals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $5.20B | 39.23 | 5.11% | ― | 42.05% | ― | |
64 Neutral | $2.95B | 1,418.92 | -36.53% | 13.33% | -28.50% | -532.61% | |
56 Neutral | HK$15.57B | 3.84 | -6.43% | 9.13% | -3.39% | -59.62% | |
51 Neutral | $1.27B | 41.67 | -5.02% | ― | 27.79% | -144.05% | |
45 Neutral | $2.94B | 28.42 | -1.76% | ― | ― | -119.85% | |
44 Neutral | $291.83M | ― | -33.63% | ― | -33.27% | -10.07% | |
42 Neutral | AU$75.35M | ― | -5.92% | ― | ― | 64.00% |
Orion Minerals Limited Corporate Events
Orion Minerals Limited has secured a $0.5 million unsecured loan facility from Tarney Holdings Pty Ltd, a company associated with Orion’s Chairman, Denis Waddell. This loan will be used mainly for working capital, with an interest rate of 10% per annum and a repayment deadline of the earlier of a successful funding transaction or September 30, 2025. The loan facility is a strategic move to bolster Orion’s financial position and ensure operational continuity, reflecting strong internal support and confidence in the company’s future prospects.
Orion Minerals Ltd reported a quarterly cash flow statement indicating significant cash outflows in operating and investing activities, with net cash used in operating activities amounting to $2.732 million and $2.702 million in investing activities. However, the company managed to secure $554,000 from financing activities, contributing to a net decrease in cash and cash equivalents for the period, highlighting the company’s ongoing investment in exploration and development projects.
Orion Minerals Limited has released the Definitive Feasibility Studies (DFS) for its Prieska Copper Zinc Mine (PCZM) and Flat Mines Project, revealing favorable outcomes that confirm the potential for safe and modern mechanized copper mining. The PCZM study indicates a post-tax NPV of A$568 million and an IRR of 26.2%, while the Flat Mines Project shows a post-tax NPV of A$75 million and an IRR of 23%. These developments are crucial for Orion’s strategic focus on achieving first concentrate production and advancing its transition into a base metal producer. Additionally, leadership changes have occurred with Anthony Lennox taking over as Managing Director and CEO, and the company has secured a A$2.0 million convertible loan facility to support its projects.
Orion Minerals Limited has secured a $2 million unsecured loan facility from Ratel Growth Pty Ltd, a company controlled by former director Mr. Thomas Borman. This loan underscores Ratel’s continued support for Orion’s projects, particularly the Prieska Copper Zinc Mine and the Okiep Copper Project in South Africa. The loan facility is structured to be set off against future capital raising efforts by Orion, with the funds primarily allocated to advance these key projects and support the company’s working capital needs. This financial backing is expected to bolster Orion’s development efforts and strengthen its position in the mining industry.
Orion Minerals Ltd has announced the cessation of certain securities, specifically options that expired without being exercised or converted. This involves a total of 35,248,985 securities, which ceased on April 3, 2025. The announcement reflects a routine update on the company’s issued capital and does not indicate any immediate impact on the company’s operations or market positioning.
Orion Minerals Limited has announced that Errol Smart has ceased to be a director of the company as of April 3, 2025. The final director’s interest notice reveals that Mr. Smart held a beneficial interest in Kinsella Holdings Ltd., which includes 29,758,303 fully paid ordinary shares and 18,751,015 unlisted options. This change in directorship could impact the company’s strategic direction and stakeholder confidence, as leadership transitions often bring shifts in corporate governance and operational focus.
Orion Minerals Limited has announced a leadership transition with Errol Smart stepping down as Managing Director and CEO after over 12 years, during which he significantly contributed to the company’s growth and project advancements in South Africa. Tony Lennox, a seasoned mining executive with extensive experience in large-scale mining operations, will succeed him, aiming to lead Orion through its transition from a project developer to an operating mining company, focusing on executing its critical metals strategy and advancing its projects into production.
Orion Minerals Limited has announced a change in the director’s interest notice, specifically concerning Errol Smart. The change involves the expiration of 30,000,000 unlisted options held indirectly through Kinsella Holdings Ltd, which were set to expire on March 31, 2025. This adjustment reflects a reduction in the number of unlisted options held, while the number of fully paid ordinary shares and other unlisted options remain unchanged. This change may impact the company’s financial strategy and stakeholder interests as it adjusts its securities portfolio.
Orion Minerals Limited has announced a change in the indirect interests of its director, Denis Waddell. The change involves the expiration of 12,000,000 unlisted options held by Tarney Holdings Pty Ltd, a company in which Mr. Waddell is a director and shareholder. This adjustment in holdings reflects a strategic move in managing the company’s securities, potentially impacting the company’s financial strategies and stakeholder interests.
Orion Minerals Limited announced the cessation of several securities options due to their expiry without exercise or conversion. This development may impact the company’s capital structure, potentially affecting its financial strategy and stakeholder interests as the company navigates these changes in its securities portfolio.
Orion Minerals Limited has completed a Definitive Feasibility Study (DFS) for the Flat Mines Project, part of the Okiep Copper Project in South Africa’s Northern Cape Province. The study outlines a robust development pathway for a modern, mechanized underground copper mine, projecting favorable financial outcomes with a net present value of AUD114 million pre-tax and an internal rate of return of 23% pre-tax. The project is fully permitted, with key approvals in place, and is set to proceed with a phased development approach. The initial phase involves the development of the Flat Mines Project and plant construction, followed by expansion to full processing capacity. The project aims to deliver significant value through its exploration potential and planned growth in resources and reserves.
Orion Minerals Limited has updated its Mineral Resource estimate for the Flat Mine (Nababeep) at the Okiep Copper Project, reflecting improved geological interpretation and drilling results. The updated estimate indicates a total of 11.5 million tonnes at 1.3% copper, with 152,000 tonnes of contained copper, marking an increase from previous estimates. This development enhances the company’s confidence in the potential for further resource growth and positions Orion to consider underground mining projects with significant economic prospects, potentially extending the mine’s life and production scale.
Orion Minerals Limited has released the 2025 Definitive Feasibility Study for its Prieska Copper Zinc Mine, highlighting a robust financial and technical plan through a de-risked two-phase development strategy. The study outlines an initial phase of shallow underground mining followed by a longer-term development of deeper resources, projecting a combined life of mine of 13.2 years. Key financial metrics include a post-tax NPV of AUD568 million and an IRR of 26%, with a payback period of 5.8 years. The project benefits from existing infrastructure, reducing capital expenditure and accelerating the timeline to production. Next steps involve securing project financing and planning for implementation.
Orion Minerals Limited announced an updated Mineral Resource estimate for the Prieska Copper Zinc Mine, reflecting improved copper grades and a refined geological understanding. The update, based on 2023 drilling and trial mining data, indicates a 16% increase in copper grade, enhancing the mine’s commercial viability and positioning Orion favorably in the mining sector.