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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 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 385.00K | 381.00K | 75.00K | 58.00K | 46.00K |
| Gross Profit | 385.00K | 381.00K | -97.00K | -87.00K | -49.00K |
| EBITDA | -12.38M | -4.98M | -16.52M | -15.09M | -1.71M |
| Net Income | -11.86M | -5.39M | -15.33M | -14.29M | -1.76M |
Balance Sheet | |||||
| Total Assets | 143.22M | 136.60M | 92.36M | 89.64M | 97.96M |
| Cash, Cash Equivalents and Short-Term Investments | 208.00K | 8.27M | 7.56M | 4.29M | 20.55M |
| Total Debt | 38.27M | 25.86M | 3.50M | 4.08M | 3.99M |
| Total Liabilities | 56.72M | 43.66M | 7.74M | 8.74M | 6.96M |
| Stockholders Equity | 98.83M | 102.18M | 92.87M | 85.81M | 94.68M |
Cash Flow | |||||
| Free Cash Flow | -23.91M | -28.96M | -13.92M | -17.61M | -10.99M |
| Operating Cash Flow | -7.88M | -12.07M | -9.96M | -12.93M | -9.13M |
| Investing Cash Flow | -16.00M | -18.25M | -4.43M | -5.04M | -1.89M |
| Financing Cash Flow | 15.83M | 30.52M | 18.35M | 1.85M | 30.16M |
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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | AU$269.18M | -5.56 | -11.80% | ― | ― | -88.89% | |
49 Neutral | AU$93.63M | -2.96 | -8.61% | ― | ― | 42.69% | |
49 Neutral | AU$122.70M | 10.00 | 22.56% | ― | 64.66% | ― | |
47 Neutral | AU$61.99M | -2.33 | -12.99% | ― | ― | ― | |
44 Neutral | AU$72.39M | -39.33 | -13.23% | ― | ― | -20.00% | |
43 Neutral | AU$219.81M | -13.08 | -24.97% | ― | ― | 15.91% |
Orion Minerals Limited Corporate Events
Orion Minerals has applied to the ASX for quotation of 11 million new ordinary fully paid shares, to be issued on 12 February 2026. The application indicates an expansion of the company’s quoted capital base, which may affect existing shareholders through dilution while potentially strengthening Orion’s capacity to fund ongoing operations and project development.
The most recent analyst rating on (AU:ORN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Orion Minerals Limited stock, see the AU:ORN Stock Forecast page.
Orion Minerals Limited has disclosed that Fairtree Asset Management (Pty) Ltd and its clients have ceased to be substantial shareholders in the company. The change follows the sale of 14,041,070 ordinary shares in Orion Minerals for consideration of ZAR8,023,285.52.
The notice, lodged under Australian substantial holder disclosure rules, confirms that Fairtree and its clients no longer hold a reportable substantial position in Orion Minerals. This reduction in institutional ownership may slightly alter the company’s shareholder base composition but does not directly affect its underlying operations or projects.
The most recent analyst rating on (AU:ORN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Orion Minerals Limited stock, see the AU:ORN Stock Forecast page.
Orion Minerals has secured a binding US$250 million prepayment facility from a Glencore subsidiary to fund the development of its Prieska Copper Zinc Project in South Africa, underpinning construction of the Uppers and partially funding the Deeps underground mine. The facility, repayable via future copper and zinc concentrate deliveries under linked offtake agreements and sharing first-ranking security with other lenders, is expected to enable first Uppers production about 13 months after financial close, with first concentrate now targeted for the end of the first quarter of 2027, marking a pivotal step toward Orion becoming an operating miner and reinforcing Glencore’s role in the restart of copper mining in the Northern Cape.
Key terms include a market-related return to Glencore that steps down after commercial production, the ability for Orion’s subsidiary PCZM to prepay without penalty, and a guarantee from Orion over PCZM’s obligations. The deal remains subject to multiple conditions precedent, such as South African regulatory approvals, updated intercreditor arrangements with existing financiers, completion of offtake contracts and work scopes, and Glencore securing non-recourse funding for the larger second tranche, while Orion continues parallel exploration and optimisation work at Okiep and across its broader Northern Cape portfolio.
The most recent analyst rating on (AU:ORN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Orion Minerals Limited stock, see the AU:ORN Stock Forecast page.
Orion Minerals has been selected to join BHP’s 2026 Xplor accelerator program, under which several of its South African exploration project companies will receive a combined US$500,000 in equity-free funding and access to BHP’s global exploration expertise. The program will support advancement of geological concepts across Orion’s Northern Cape exploration portfolio—excluding its more advanced Prieska Copper Zinc Mine and New Okiep ‘Flat Mines’ projects—and is seen by both Orion and BHP as a strong endorsement of Orion’s technical approach, team capability and the potential of its early-stage, future-facing commodity assets, potentially enhancing the company’s exploration outcomes and long-term growth prospects.
The most recent analyst rating on (AU:ORN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Orion Minerals Limited stock, see the AU:ORN Stock Forecast page.
Orion Minerals reported a net cash outflow from operating activities of A$2.9 million for the December 2025 quarter, driven mainly by exploration and evaluation expenditure, staff costs and corporate expenses, alongside a further A$1.3 million used in investing activities largely for exploration and project development. These outflows were more than offset by A$9.1 million raised from equity issues in the quarter, lifting cash and cash equivalents from A$0.5 million to A$6.5 million, which strengthens the company’s short-term liquidity and supports ongoing exploration programs despite continued negative operating cash flow.
The most recent analyst rating on (AU:ORN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Orion Minerals Limited stock, see the AU:ORN Stock Forecast page.
Orion Minerals has reported that documentation for a previously announced US$200 million to US$250 million financing package and associated concentrate offtake agreement with Glencore for the Prieska copper-zinc project is progressing, but has been delayed by year-end holidays. The company said finalisation of the funding and offtake arrangements, which are key to advancing development of the Prieska project, will be updated to the market early in the new year, signalling continued momentum but a modest shift in timing for this critical capital package.
The most recent analyst rating on (AU:ORN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Orion Minerals Limited stock, see the AU:ORN Stock Forecast page.
Orion Minerals has disclosed a change in director Denis Waddell’s indirect interests following his participation in the company’s recent capital raising. Through associated entities Tarney Holdings Pty Ltd and the DP Waddell Superannuation Fund, Waddell acquired a total of 66,666,666 fully paid ordinary shares for $1 million at an issue price of $0.015 per share, as approved by shareholders at the 27 November 2025 AGM, significantly increasing his indirect shareholding while leaving his existing options unchanged. The transaction reflects strong director support for the capital raising initiative, increasing Waddell’s exposure to the company and signalling confidence that may be closely watched by investors assessing insider alignment and future corporate direction.
The most recent analyst rating on (AU:ORN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Orion Minerals Limited stock, see the AU:ORN Stock Forecast page.
Orion Minerals has completed a further share issue under its previously announced placement, issuing 66.7 million new shares at 1.5 cents each to raise A$1 million from Chairman Denis Waddell or his nominee, following shareholder approval at the November 2025 AGM. In addition, the company has issued 7.85 million shares to South African adviser Webb Street Capital in lieu of cash fees for professional services related to the placement, aligning advisory compensation with shareholder interests and modestly increasing Orion’s equity base as it progresses its capital-raising strategy.
The most recent analyst rating on (AU:ORN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Orion Minerals Limited stock, see the AU:ORN Stock Forecast page.
Orion Minerals has applied to the ASX for quotation of 66,666,666 new fully paid ordinary shares, scheduled for issue on 23 December 2025. The sizeable share quotation, tied to previously announced transactions, will expand the company’s listed capital base and may provide additional funding capacity or facilitate strategic arrangements as Orion advances its resource projects and seeks to strengthen its market position in the mining industry.
The most recent analyst rating on (AU:ORN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Orion Minerals Limited stock, see the AU:ORN Stock Forecast page.
Orion Minerals Ltd has applied for quotation on the ASX of 7,845,294 additional ordinary fully paid shares under code ORN, with an issue date of 22 December 2025. The new securities, issued as part of previously announced transactions, will modestly expand the company’s listed share capital, potentially enhancing liquidity in its stock and supporting ongoing corporate or project funding initiatives.
The most recent analyst rating on (AU:ORN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Orion Minerals Limited stock, see the AU:ORN Stock Forecast page.
Orion Minerals Limited has announced a proposed issue of 7,845,294 ordinary fully paid securities, scheduled for December 23, 2025. This move is part of a placement or other type of issue, which could impact the company’s capital structure and potentially enhance its financial position, thereby influencing its strategic initiatives and market competitiveness.
The most recent analyst rating on (AU:ORN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Orion Minerals Limited stock, see the AU:ORN Stock Forecast page.