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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 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 381.00K | 75.00K | 58.00K | 46.00K | 70.00K |
| Gross Profit | 381.00K | -97.00K | -87.00K | -49.00K | -106.00K |
| EBITDA | -9.91M | -16.42M | -15.09M | -1.71M | -17.17M |
| Net Income | -5.39M | -15.33M | -14.29M | -1.76M | -17.55M |
Balance Sheet | |||||
| Total Assets | 136.60M | 92.36M | 89.64M | 97.96M | 65.83M |
| Cash, Cash Equivalents and Short-Term Investments | 8.27M | 7.56M | 4.29M | 20.55M | 1.22M |
| Total Debt | 25.86M | 3.50M | 4.08M | 3.99M | 8.21M |
| Total Liabilities | 43.66M | 7.74M | 8.74M | 6.96M | 11.00M |
| Stockholders Equity | 102.18M | 92.87M | 85.81M | 94.68M | 57.38M |
Cash Flow | |||||
| Free Cash Flow | -28.96M | -13.92M | -17.61M | -10.99M | -13.90M |
| Operating Cash Flow | -12.07M | -9.96M | -12.93M | -9.13M | -8.28M |
| Investing Cash Flow | -18.25M | -4.43M | -5.04M | -1.89M | -5.55M |
| Financing Cash Flow | 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 |
|---|---|---|---|---|---|---|---|
57 Neutral | AU$75.16M | ― | -5.45% | ― | ― | 20.00% | |
45 Neutral | AU$108.22M | 4.50 | 68.16% | ― | 5300.78% | ― | |
44 Neutral | AU$1.41B | -6.06 | -40.74% | 3.89% | -3.45% | -41.76% | |
41 Neutral | AU$70.42M | ― | -5.92% | ― | ― | 64.00% | |
35 Underperform | $69.08M | ― | -15.36% | ― | ― | 17.39% |
Orion Minerals Limited Corporate Events
Orion Minerals Limited has announced a change in the substantial holding of its shares by Tembo Capital Mining Fund II LP and Ndovu Capital X B.V. The change was due to the issuance of 191.9 million shares as part of a capital raising effort, which resulted in a dilution of the voting power of these substantial holders from 16.47% to 15.36%. This adjustment in shareholding reflects the company’s ongoing efforts to raise capital and may impact its strategic positioning and influence within the market.
Orion Minerals Limited has announced a Share Purchase Plan (SPP) to raise approximately A$4 million, allowing eligible shareholders to purchase new shares at the same price as a recent placement to sophisticated investors. The funds raised will be used to support the development of the Prieska Copper Zinc Mine and the Okiep Copper Project, as well as for general working capital purposes. This initiative aims to strengthen Orion’s operational capabilities and enhance its market positioning in the mining sector.
Orion Minerals Limited has announced the issuance of approximately 522 million new shares to sophisticated and professional investors, raising a total of A$5.8 million. This includes a placement of 289 million shares and conversion of outstanding loans into equity, with the shares priced at 1.1 cents each. The company has also fully repaid a convertible loan facility with Ratel Growth Pty Ltd through the issuance of shares. This strategic move aims to strengthen Orion’s financial position and support its ongoing operations without requiring shareholder approval, aligning with ASX Listing Rule 7.1.
Orion Minerals Limited has announced the quotation of 186,398,014 ordinary fully paid securities on the Australian Securities Exchange (ASX), scheduled for July 14, 2025. This move is part of a previously announced transaction and is expected to enhance liquidity and provide additional capital for the company’s ongoing projects, potentially impacting its market positioning and offering benefits to stakeholders.
Orion Minerals Limited has announced the application for quotation of 5,454,545 ordinary fully paid securities on the Australian Securities Exchange (ASX), with the issue date set for July 14, 2025. This move is part of a previously announced transaction, potentially impacting the company’s liquidity and market presence by increasing the number of tradable shares, which could attract more investors and enhance its financial flexibility.
Orion Minerals Limited has announced a proposed issue of 363,636,364 ordinary fully paid securities under a securities purchase plan. This move is aimed at raising capital, potentially impacting the company’s operational capacity and market positioning by providing additional financial resources for ongoing and future projects. The offer is set to close on August 5, 2025, with the issue date scheduled for August 12, 2025.
Orion Minerals Limited has announced a proposed issue of 46,256,974 ordinary fully paid securities, scheduled for issuance on September 1, 2025. This move is part of a strategic placement or other type of issue aimed at enhancing the company’s financial position and supporting its ongoing projects, potentially impacting its market presence and stakeholder interests.
Orion Minerals Ltd has announced a proposed issue of 186,398,014 ordinary fully paid securities, with the issue date set for July 14, 2025. This move is part of a placement or other type of issue, which could potentially impact the company’s capital structure and market presence, offering new opportunities for stakeholders and possibly enhancing its financial flexibility.
Orion Minerals Limited has announced a proposed issue of 289,021,006 ordinary fully paid securities, with the issue date set for July 14, 2025. This move is part of a strategic placement aimed at enhancing the company’s capital structure, potentially impacting its market positioning and offering new opportunities for stakeholders.
Orion Minerals Limited has announced a capital raising initiative through a share placement and loan conversions, aiming to raise approximately A$5.8 million. This funding will be utilized for the development of the Prieska Copper Zinc Mine, including dewatering and site works, as well as optimization studies at the Okiep Copper Project. The initiative also includes a Share Purchase Plan for existing shareholders, allowing them to increase their stake in the company. This strategic move is expected to enhance Orion’s operational capabilities and strengthen its market position in the mining sector.
Orion Minerals Limited has announced a trading halt on the ASX as it prepares for a significant capital raising initiative. This move is intended to ensure the capital raising is conducted in an orderly manner, with the halt remaining until the outcome is announced or trading resumes on July 8, 2025. The JSE has not declared a similar halt, prompting caution among investors dealing with Orion’s securities until further announcements are made.
Orion Minerals Ltd has requested a trading halt on its securities pending a significant announcement related to a capital raising initiative. The halt will remain in effect until the company releases further information or until normal trading resumes on 8 July 2025, highlighting the company’s strategic financial maneuvers to support its operations.
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.