Orion Minerals Limited (AU:ORN)
ASX:ORN
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Orion Minerals Limited
(Sydney:ORN)
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Rating:41Neutral
Price Target:
AU$0.02
â–˛(10.00% Upside)
Action:Reiterated
Date:05/31/26
The score is driven primarily by weak financial quality—ongoing losses and deteriorating free cash flow despite strong revenue growth. Technicals also weigh heavily due to price weakness versus major moving averages and bearish momentum indicators. Valuation provides limited support because the company is loss-making and there is no dividend data.
Positive Factors
Revenue Growth
Sustained 43.12% revenue growth indicates growing project activity and market traction for Orion’s assets. Over 2–6 months this trend supports stronger project economics, improves bargaining power with financiers/partners, and strengthens the case for progressing feasibility and development work.
Negative Factors
Persistent Losses
A negative net margin near -31% shows the company is not yet profitable and cannot self-fund development from earnings. Over the medium term this increases reliance on external capital, heightens dilution risk, and constrains reinvestment into feasibility, permitting, and construction phases.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained 43.12% revenue growth indicates growing project activity and market traction for Orion’s assets. Over 2–6 months this trend supports stronger project economics, improves bargaining power with financiers/partners, and strengthens the case for progressing feasibility and development work.
Read all positive factors
Orion Minerals Limited (ORN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$194.86M
Dividend YieldN/A
Average Volume (3M)993.76K
Price to Earnings (P/E)―
Beta (1Y)1.05
Revenue GrowthN/A
EPS Growth-88.89%
CountryAU
Employees13
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)<0.01
Shares Outstanding8,472,168,000
10 Day Avg. Volume241,378
30 Day Avg. Volume993,765
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)0.70
Price to Sales (P/S)179.86
P/FCF Ratio-2.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Orion Minerals Limited Business Overview & Revenue Model
Company Description
Orion Minerals Limited explores for, evaluates, and develops mineral properties in Australia and South Africa. The company primarily explores for gold, zinc, copper, nickel, silver, and cobalt, as well as platinum group metals elements. Its flagsh...
How the Company Makes Money
Orion Minerals’ business model is primarily oriented around creating value by acquiring, exploring, and developing mineral assets (notably copper and zinc projects) with the objective of progressing them toward production and/or monetization. Spec...
Orion Minerals Limited Financial Statement Overview
Summary
Income Statement
30
Negative
Balance Sheet
45
Neutral
Cash Flow
35
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 314.00K | 385.00K | 381.00K | 75.00K | 58.00K | 46.00K |
| Gross Profit | -105.00K | 385.00K | 381.00K | -97.00K | -87.00K | -49.00K |
| EBITDA | -14.56M | -12.38M | -4.98M | -16.52M | -15.09M | -1.71M |
| Net Income | -11.90M | -11.86M | -5.39M | -15.33M | -14.29M | -1.76M |
Balance Sheet | ||||||
| Total Assets | 160.76M | 143.22M | 136.60M | 92.36M | 89.64M | 97.96M |
| Cash, Cash Equivalents and Short-Term Investments | 5.74M | 208.00K | 8.27M | 7.56M | 4.29M | 20.55M |
| Total Debt | 38.50M | 38.27M | 25.86M | 3.50M | 4.08M | 3.99M |
| Total Liabilities | 59.95M | 56.72M | 43.66M | 7.74M | 8.74M | 6.96M |
| Stockholders Equity | 114.66M | 98.83M | 102.18M | 92.87M | 85.81M | 94.68M |
Cash Flow | ||||||
| Free Cash Flow | -14.14M | -23.91M | -28.96M | -13.92M | -17.61M | -10.99M |
| Operating Cash Flow | -9.52M | -7.88M | -12.07M | -9.96M | -12.93M | -9.13M |
| Investing Cash Flow | -6.96M | -16.00M | -18.25M | -4.43M | -5.04M | -1.89M |
| Financing Cash Flow | 15.66M | 15.83M | 30.52M | 18.35M | 1.85M | 30.16M |
Orion Minerals Limited Technical Analysis
Negative
0.02
Price Trends
0.03
Negative
0.03
Negative
0.02
Negative
Market Momentum
>-0.01
Positive
7.24
Positive
-25.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ORN, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 7.24 is Positive, neither overbought nor oversold. The STOCH value of -25.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ORN.
Orion Minerals Limited Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
45 Neutral | AU$140.68M | -9.41 | -41.80% | ― | ― | -66.67% | |
45 Neutral | AU$91.03M | -5.42 | -22.98% | ― | -50.11% | -160.00% | |
44 Neutral | AU$71.77M | -24.05 | -12.68% | ― | ― | -350.00% | |
42 Neutral | AU$69.49M | -6.24 | -7.41% | ― | 5472.73% | 40.17% | |
42 Neutral | AU$35.49M | -0.43 | -158.13% | ― | ― | -777.65% | |
41 Neutral | AU$194.86M | -14.78 | -11.15% | ― | ― | -88.89% |
* Basic Materials Sector Average
AU:ORN
Orion Minerals Limited
0.02
0.01
91.67%
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0.06
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Orion Minerals Limited Corporate Events
Orion Minerals Seeks ASX Quotation for 61.8 Million New Shares
May 29, 2026
Orion Minerals has applied to the Australian Securities Exchange for quotation of 61,830,000 new ordinary fully paid shares, scheduled to be issued on 1 June 2026. The move follows previously flagged transactions and will expand the company’...
Orion Minerals Issues Over 121 Million Unquoted Options Expiring 2029
May 28, 2026
Orion Minerals has notified the market of the issue of 121,177,270 unquoted options, each exercisable at A$0.031 and expiring on May 29, 2029. The options, which form part of previously announced transactions and are not intended to be quoted on t...
Orion Minerals Secures IDC as Strategic Shareholder in Prieska Project
May 28, 2026
Orion Minerals has completed the conversion of a roughly ZAR344.5 million loan from the Industrial Development Corporation of South Africa into equity in its subsidiary PCZM HoldCo, giving the IDC a 23.8% stake in that vehicle and an effective 16....
Orion Minerals Seeks ASX Quotation for 242 Million New Shares
May 27, 2026
Orion Minerals Ltd has lodged an application with the ASX for the quotation of 242,354,540 ordinary fully paid shares under its ticker ORN. The new securities, to be issued on 29 May 2026, arise from previously announced transactions and will expa...
Orion Minerals Trading Reinstated on ASX Ahead of Capital Raising
May 22, 2026
Trading in Orion Minerals shares on the ASX will be reinstated immediately following the company’s release of an announcement about a capital raising. The lifting of the suspension restores liquidity for shareholders and signals that Orion h...
Orion Minerals Plans Major Share and Option Issue to Bolster Capital Base
May 22, 2026
Orion Minerals has announced a proposed capital raising through the issue of up to 698,030,694 new fully paid ordinary shares and 349,015,346 options. The options will have an exercise price of A$0.031 and are scheduled to expire on 28 May 2029, w...
Orion Minerals Plans Issue of 40.9 Million Options on ASX
May 22, 2026
Orion Minerals has lodged a notice of a proposed issue of securities, detailing plans to issue up to 40,976,932 new options. The options will have an exercise price of A$0.022 and are scheduled to expire on 28 May 2029, with the proposed issue dat...
Orion Minerals Secures A$15.4m to Drive South African Copper Projects
May 22, 2026
Orion Minerals has raised approximately A$15.4 million (ZAR181.5 million) through a placement of about 698 million new shares at 2.2 cents each to sophisticated and professional investors, accompanied by one unlisted option for every two shares is...
Orion Minerals Halts ASX Trading as It Pursues Capital Raising
May 22, 2026
Orion Minerals has placed its securities in a voluntary suspension on the Australian Securities Exchange while it conducts a material capital raising. The suspension is intended to allow the fundraising process to be completed in an orderly manner...
Orion Minerals Seeks Voluntary Suspension Ahead of Capital Raising Update
May 21, 2026
Orion Minerals has requested a voluntary suspension of trading in its securities on the ASX, effective from the start of trading on 21 May 2026. The suspension follows an earlier trading halt and will remain in place until either 25 May 2026 or th...
Orion drills extend copper mineralisation at Okiep’s Flat Mines
May 11, 2026
Orion Minerals has reported a significant new intersection of visible copper sulphide mineralisation at Flat Mine East within its Okiep Copper Project in South Africa. A recently completed resource-optimisation diamond drill hole at Flat Mine East...
Orion Minerals sustains exploration spend as financing boosts cash balance
Apr 30, 2026
Orion Minerals reported a net operating cash outflow of A$2.4 million for the March 2026 quarter, driven mainly by exploration and evaluation expenditure, staff costs and corporate overheads. Additional cash usage in investing activities, includin...
Orion Minerals Releases Investor Update as It Shifts From Explorer to Producer
Apr 16, 2026
Orion Minerals has released a new investor presentation as it advances its strategic shift from explorer to producer, highlighting operations in South Africa’s Northern Cape and the Prieska Copper Zinc Mine. The company has also published an...
Orion Minerals Options Lapse, Removing 27 Million Securities From Register
Apr 15, 2026
Orion Minerals has confirmed the expiry of three tranches of listed options, each with a 31 January 2028 expiry date and exercise prices ranging from $0.023 to $0.032. A total of 27 million options, split evenly across the ORNAX, ORNAY and ORNAZ s...
Orion Minerals Issues 127m Unquoted Options Under Incentive Scheme
Mar 27, 2026
Orion Minerals has notified the market of the issue of a substantial block of unquoted options under an employee incentive scheme. The company will issue a total of 127 million options in three new classes, all expiring on 1 September 2030, with e...
Orion Minerals Issues Shares to Finalise Okiep Copper Project Acquisition
Mar 18, 2026
Orion Minerals has issued 71,911,941 fully paid ordinary shares to the selling shareholders of the Okiep Copper Project as part of the ZAR14.74 million consideration for acquiring a controlling interest in the asset. The share-based component, whi...
Orion Minerals Seeks ASX Quotation for 71.9 Million New Shares
Mar 18, 2026
Orion Minerals Ltd has applied for quotation on the ASX of 71,911,941 new fully paid ordinary shares, with an issue date of 19 March 2026. The move reflects the conversion of previously announced securities into quoted ordinary shares, expanding O...
Orion Minerals Finalises Okiep Copper Project Acquisition in South Africa
Mar 17, 2026
Orion Minerals has completed settlement of the final acquisition consideration for a controlling interest in the Okiep Copper Project in South Africa’s Northern Cape, marking the conclusion of a transaction first initiated in 2021. The compa...
Orion Minerals Releases Interim Financial Report and Highlights Dual Listing Structure
Mar 5, 2026
Orion Minerals Limited has released its interim financial report for the period ended 31 December 2025, which is intended to be read alongside its full-year 2025 accounts and prior market announcements. The report reiterates the company’s co...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.