{
  "schema_version": "1.0.0",
  "ticker": "ORN",
  "company_name": "Orion Minerals Limited",
  "cutoff_date": "2026-10-09",
  "reviewed_at": "2026-10-09",
  "coverage_note": "The latest located ranked account register is dated 29 August 2025; substantial-holder notices filed 1 October 2026 supersede the related latest group positions. The new Borman/Sujajo group holding overlaps nominee accounts and is shown separately from the dated register.",
  "register": {
    "as_of_date": "2025-08-29",
    "issued_shares": 7452332411,
    "source_ids": [
      "register-aug2025"
    ],
    "holders": [
      {
        "holder_id": "orn-register-01",
        "name": "Ndovu Capital X BV",
        "classification": "direct_holder",
        "shares": 1081799892,
        "percentage": 14.52,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      },
      {
        "holder_id": "orn-register-02",
        "name": "Clover Alloys Copper Investments (Pty) Ltd",
        "classification": "direct_holder",
        "shares": 624669978,
        "percentage": 8.38,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      },
      {
        "holder_id": "orn-register-03",
        "name": "Ratel Growth Pty Ltd",
        "classification": "direct_holder",
        "shares": 453064679,
        "percentage": 6.08,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      },
      {
        "holder_id": "orn-register-04",
        "name": "Sparta AG",
        "classification": "direct_holder",
        "shares": 349738758,
        "percentage": 4.69,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      },
      {
        "holder_id": "orn-register-05",
        "name": "Delphi Unternehmensberatung Aktiengesellschaft",
        "classification": "direct_holder",
        "shares": 277360691,
        "percentage": 3.72,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      },
      {
        "holder_id": "orn-register-06",
        "name": "Citiclient Nominees No 8 NY GW",
        "classification": "nominee_custodian",
        "shares": 214958902,
        "percentage": 2.88,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      },
      {
        "holder_id": "orn-register-07",
        "name": "Deutsche Balaton Aktiengesellschaft",
        "classification": "direct_holder",
        "shares": 170328397,
        "percentage": 2.29,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      },
      {
        "holder_id": "orn-register-08",
        "name": "Nedbank ITF Fairtree Equity Prescient Fund",
        "classification": "nominee_custodian",
        "shares": 162278976,
        "percentage": 2.18,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      },
      {
        "holder_id": "orn-register-09",
        "name": "IGO Limited",
        "classification": "direct_holder",
        "shares": 154166666,
        "percentage": 2.07,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      },
      {
        "holder_id": "orn-register-10",
        "name": "Silja Investment Limited",
        "classification": "direct_holder",
        "shares": 106321960,
        "percentage": 1.43,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      },
      {
        "holder_id": "orn-register-11",
        "name": "Pershing LLC",
        "classification": "nominee_custodian",
        "shares": 104159274,
        "percentage": 1.4,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      },
      {
        "holder_id": "orn-register-12",
        "name": "Tarney Holdings Pty Ltd",
        "classification": "direct_holder",
        "shares": 82143912,
        "percentage": 1.1,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      },
      {
        "holder_id": "orn-register-13",
        "name": "BNP Paribas Noms Pty Ltd",
        "classification": "nominee_custodian",
        "shares": 74122787,
        "percentage": 0.99,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      },
      {
        "holder_id": "orn-register-14",
        "name": "Dr Leon Eugene Pretorius",
        "classification": "direct_holder",
        "shares": 61227777,
        "percentage": 0.82,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      },
      {
        "holder_id": "orn-register-15",
        "name": "Modern Corporate Solutions",
        "classification": "direct_holder",
        "shares": 53257878,
        "percentage": 0.71,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      },
      {
        "holder_id": "orn-register-16",
        "name": "Webb Street Capital (Pty) Ltd",
        "classification": "direct_holder",
        "shares": 52765923,
        "percentage": 0.71,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      },
      {
        "holder_id": "orn-register-17",
        "name": "Falerno Investments Pty Ltd",
        "classification": "direct_holder",
        "shares": 50780000,
        "percentage": 0.68,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      },
      {
        "holder_id": "orn-register-18",
        "name": "Peresec Prime Brokers (Pty) Ltd",
        "classification": "nominee_custodian",
        "shares": 50472622,
        "percentage": 0.68,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      },
      {
        "holder_id": "orn-register-19",
        "name": "African Exploration Mining & Finance Company SOC Ltd",
        "classification": "direct_holder",
        "shares": 43522276,
        "percentage": 0.58,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      },
      {
        "holder_id": "orn-register-20",
        "name": "Mosiapoa Capital (Pty) Ltd",
        "classification": "direct_holder",
        "shares": 39721257,
        "percentage": 0.53,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-08-29",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register-aug2025"
        ],
        "notes": []
      }
    ]
  },
  "substantial_holders": [
    {
      "holder_id": "orn-borman-sujajo",
      "name": "Thomas Ignatius Borman and Sujajo Investments S.A.",
      "classification": "reporting_group",
      "shares": 1282567203,
      "percentage": 14.32,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-09-28",
      "investor_id": null,
      "identity_note": "Form 604 identifies Sujajo as the registered account for 722,761,648 shares, Thomas Borman’s direct 500,000,000 shares, and a 59,805,555-share relevant interest through BNP Paribas Noms Pty Ltd.",
      "source_ids": [
        "borman-change-oct2026"
      ],
      "notes": [
        "Relevant-interest shares can include shares held under nominee registration; not additive to the older account register."
      ]
    }
  ],
  "other_investors": [
    {
      "holder_id": "orn-tembo-ndovu-cessation",
      "name": "Tembo Capital Mining Fund II LP and Ndovu Capital X B.V.",
      "classification": "reporting_group",
      "shares": null,
      "percentage": null,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-09-29",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "tembo-cessation-oct2026"
      ],
      "notes": [
        "Cessation notice describes sales of 500,000,000 and 581,799,892 shares, respectively; it does not establish any remaining position."
      ],
      "caveat": "Ceased to be substantial; remaining shares, if any, are not disclosed."
    }
  ],
  "sources": [
    {
      "source_id": "register-aug2025",
      "title": "Annual Report 2025 — Twenty largest ordinary share holders",
      "publisher": "Orion Minerals Limited / ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03001546-3A677624",
      "publication_date": "2025-10-01",
      "accessed_date": "2026-10-09",
      "locator": "PDF p. 118 (printed p. 116), dated 29 August 2025; total ordinary share capital 7,452,332,411",
      "detail": "Complete 20-account registered ordinary-share table."
    },
    {
      "source_id": "borman-change-oct2026",
      "title": "Change in substantial holding",
      "publisher": "Orion Minerals Limited / ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03143410-3A703141",
      "publication_date": "2026-10-01",
      "accessed_date": "2026-10-09",
      "locator": "Form 604 pp. 1–2, present voting power and relevant interests as at 28 September 2026",
      "detail": "Thomas Borman and Sujajo Investments S.A. report 1,282,567,203 votes (14.32%): Sujajo 722,761,648, Borman 500,000,000, and Borman’s relevant interest in BNP Paribas Noms 59,805,555."
    },
    {
      "source_id": "tembo-cessation-oct2026",
      "title": "Ceasing to be a substantial holder",
      "publisher": "Orion Minerals Limited / ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03143411-3A703142",
      "publication_date": "2026-10-01",
      "accessed_date": "2026-10-09",
      "locator": "Form 605 p. 1, sales and cessation effective 29 September 2026",
      "detail": "Tembo Capital Mining Fund II and Ndovu Capital X reported ceasing to be substantial after sales of 500,000,000 and 581,799,892 ordinary shares respectively."
    }
  ],
  "limitations": [
    "The ranked account register is dated more than a year before cutoff and precedes significant capital activity; do not use it as a current balance table.",
    "October 2026 Form 604 voting-power total includes an indirect BNP nominee interest; do not add the group figure to registered account balances."
  ]
}