OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor ORN ASX

Orion Minerals Limited

DFS Unfunded Developer · Copper · Zinc · South Africa · Australia Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.022
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$197M
EV
A$216M
Cash
A$14.5M
Debt
A$30.9M
5 newer ASX announcements not yet reflected in this valuation

Disclosed activity

Insider transactions

Reviewed 2026-10-09 20:37 UTC
Reset
Cash purchases · 1 tradesAUD 9,500,000.00
Cash sales · 2 tradesAUD 20,554,198.00
Trading activity2 buys · 2 sells shownNet cash last 12 months −A$11.1mShow chartHide chart
A$0.007A$0.024A$0.041Jul 25Oct 25Jan 26Apr 26Jul 26Oct 26Cash/moA$20.6mOct 2025 · bought A$2.0mSep 2026 · bought A$9.5mSep 2026 · sold A$20.6m2025-07-14 · Ratel Growth Pty Ltd · Other · 186.4m securities2026-09-29 · Ndovu Capital X B.V. · Sale · 581,799,892 shares · A$11.05m · @ A$0.0192026-09-24 · Ndovu Capital X B.V. · Sale · 500,000,000 shares · A$9.50m · @ A$0.0192026-09-28 · Thomas Ignatius Borman · Purchase · 500,000,000 shares · A$9.50m · @ A$0.0192025-10-07 · Ratel Growth Pty Ltd · Subscription · 133,333,333 shares · A$2.00m · @ A$0.015
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month

Major-holder activity

5 reviewed events · Newest first

Reviewed Major Holders events in ORN
DatePerson / accountActivity / securityQuantityCash considerationPriceHolding after
2026-09-29Ndovu Capital X B.V.Ndovu Capital X B.V.
Details & evidence for Ndovu Capital X B.V. on 2026-09-29

As disclosed: Sale of 581,799,892 ordinary shares for AUD 11,054,198.

Interest
Direct
Registered account
Ndovu Capital X B.V.
Holding before
581,799,892
Holding after
0
Market
Not Disclosed
Consideration
Sale of 581,799,892 ordinary shares for AUD 11,054,198.

Tembo Capital Mining Fund II LP · controlled subsidiary / relevant interest held through Ndovu

Ceasing to be a substantial holder ↗
Published 2026-10-01 18:39 AEST · PDF page 1 · Form 605, item 2, 29 Sep transaction row

Saleordinary shares581,799,892AUD 11,054,198.00AUD 0.019Calculated average0
2026-09-28Thomas Ignatius BormanThomas Ignatius Borman
Details & evidence for Thomas Ignatius Borman on 2026-09-28

As disclosed: Off-market purchase of 500,000,000 ordinary shares at AUD 0.019 each; total calculated AUD 9,500,000.

Interest
Direct
Registered account
Thomas Ignatius Borman
Holding before
—
Holding after
500,000,000
Market
Off Market
Consideration
Off-market purchase of 500,000,000 ordinary shares at AUD 0.019 each; total calculated AUD 9,500,000.

Ratel Growth Pty Ltd · controlling shareholder; indirect share interest

Change in substantial holding ↗
Published 2026-10-01 18:37 AEST · PDF page 1 · Form 604, item 3, transaction row

Purchaseordinary shares500,000,000AUD 9,500,000.00AUD 0.019Disclosed price500,000,000
2026-09-24Ndovu Capital X B.V.Ndovu Capital X B.V.
Details & evidence for Ndovu Capital X B.V. on 2026-09-24

As disclosed: Sale of 500,000,000 ordinary shares for AUD 9,500,000.

Interest
Direct
Registered account
Ndovu Capital X B.V.
Holding before
1,081,799,892
Holding after
581,799,892
Market
Not Disclosed
Consideration
Sale of 500,000,000 ordinary shares for AUD 9,500,000.

Tembo Capital Mining Fund II LP · controlled subsidiary / relevant interest held through Ndovu

Ceasing to be a substantial holder ↗
Published 2026-10-01 18:39 AEST · PDF page 1 · Form 605, item 2, 24 Sep transaction row

Saleordinary shares500,000,000AUD 9,500,000.00AUD 0.019Calculated average581,799,892
2025-10-07Ratel Growth Pty LtdRatel Growth Pty Ltd
Details & evidence for Ratel Growth Pty Ltd on 2025-10-07

As disclosed: 133,333,333 ordinary shares acquired for AUD 2,000,000.

Interest
Indirect
Registered account
Ratel Growth Pty Ltd
Holding before
—
Holding after
—
Market
Off Market
Consideration
133,333,333 ordinary shares acquired for AUD 2,000,000.

Thomas Ignatius Borman · registered holder of shares in which Borman has indirect interest

Becoming a substantial holder - Borman ↗
Published 2025-10-10 17:29 AEDT · PDF page 2 · Form 603, item 5, 7 Oct 2025 consideration row

Subscriptionordinary shares133,333,333AUD 2,000,000.00AUD 0.015Calculated average—
2025-07-14Ratel Growth Pty LtdRatel Growth Pty Ltd
Details & evidence for Ratel Growth Pty Ltd on 2025-07-14

Position after this disclosed acquisition includes 586,398,012 shares held by Ratel Growth; prior opening quantity not stated in the Form 603 period.

As disclosed: Form 603 lists 186,398,014 shares acquired with AUD 2,050,378 recorded in non-cash consideration column; form does not identify the nature of the non-cash consideration.

Interest
Indirect
Registered account
Ratel Growth Pty Ltd
Holding before
—
Holding after
586,398,012
Market
Off Market
Consideration
Form 603 lists 186,398,014 shares acquired with AUD 2,050,378 recorded in non-cash consideration column; form does not identify the nature of the non-cash consideration.

Thomas Ignatius Borman · registered holder of shares in which Borman has indirect interest

Becoming a substantial holder - Borman ↗
Published 2025-10-10 17:29 AEDT · PDF page 2 · Form 603, item 5, 14 Jul 2025 consideration row

Otherordinary shares186,398,014—Non Cash—586,398,012
Disclosed holding observations9 dated positions

Initial, final and threshold notices describe positions; these are not counted as purchases or sales.

Holding atPerson / groupType / securityQuantityPercentage
2026-09-29Ndovu Capital X B.V.
Details & evidence for Ndovu Capital X B.V. on 2026-09-29

Interest
Direct
Registered account
Ndovu Capital X B.V.
Holding before
1,081,799,892
Holding after
0

Tembo Capital Mining Fund II LP · controlled subsidiary / relevant interest held through Ndovu

Ceasing to be a substantial holder ↗
Published 2026-10-01 18:39 AEST · PDF page 1 · Form 605, two dated sales totaling the last disclosed 1,081,799,892 shares

Positionordinary shares0—
2026-09-28Thomas Ignatius Borman
Details & evidence for Thomas Ignatius Borman on 2026-09-28

Interest
Direct
Registered account
BNP Paribas Nominees Pty Ltd
Holding before
—
Holding after
—

Ratel Growth Pty Ltd · controlling shareholder; indirect share interest

Change in substantial holding ↗
Published 2026-10-01 18:37 AEST · PDF page 2 · Form 604, item 4, Borman interest held through BNP Paribas Nominees

Positionordinary shares59,805,555—
2026-09-28Thomas Ignatius Borman
Details & evidence for Thomas Ignatius Borman on 2026-09-28

Interest
Direct
Registered account
Thomas Ignatius Borman
Holding before
—
Holding after
500,000,000

Ratel Growth Pty Ltd · controlling shareholder; indirect share interest

Change in substantial holding ↗
Published 2026-10-01 18:37 AEST · PDF page 2 · Form 604, item 4, direct Borman holding

Positionordinary shares500,000,000—
2026-09-28Thomas Ignatius Borman
Details & evidence for Thomas Ignatius Borman on 2026-09-28

Aggregate voting power includes overlapping relevant interests; do not add to the three registered/account holdings above.

Interest
Control
Registered account
Not separately disclosed
Holding before
—
Holding after
—

Ratel Growth Pty Ltd · controlling shareholder; indirect share interest

Change in substantial holding ↗
Published 2026-10-01 18:37 AEST · PDF page 1 · Form 604, item 2, present voting power

Positionordinary shares1,282,567,20314.32%Voting Power
2026-09-28Sujajo Investments S.A.
Details & evidence for Sujajo Investments S.A. on 2026-09-28

Interest
Direct
Registered account
Sujajo Investments S.A.
Holding before
—
Holding after
—

Thomas Ignatius Borman · Borman is beneficiary of trust associated with registered holder

Change in substantial holding ↗
Published 2026-10-01 18:37 AEST · PDF page 2 · Form 604, item 4, Sujajo registered holding

Positionordinary shares722,761,648—
2026-05-29Tembo Capital Mining Fund II LP
Details & evidence for Tembo Capital Mining Fund II LP on 2026-05-29

Aggregate Tembo/Ndovu relevant interest; underlying registered position is held by Ndovu.

Interest
Control
Registered account
Ndovu Capital X B.V.
Holding before
—
Holding after
—

Ndovu Capital X B.V. · controls; indirect relevant interest through Ndovu

Change in substantial holding - Tembo ↗
Published 2026-06-01 16:52 AEST · PDF page 1 · Form 604, items 2 and 4

Positionordinary shares1,081,799,89212.77%Voting Power
2025-07-14Thomas Ignatius Borman
Details & evidence for Thomas Ignatius Borman on 2025-07-14

Interest
Direct
Registered account
BNP Paribas Nominees Pty Ltd
Holding before
—
Holding after
—

Ratel Growth Pty Ltd · controlling shareholder; indirect share interest

Becoming a substantial holder - Borman ↗
Published 2025-10-10 17:29 AEDT · PDF page 1 · Form 603, items 3 and 4

Positionordinary shares59,805,555—
2025-07-14Ratel Growth Pty Ltd
Details & evidence for Ratel Growth Pty Ltd on 2025-07-14

Interest
Direct
Registered account
Ratel Growth Pty Ltd
Holding before
—
Holding after
—

Thomas Ignatius Borman · registered holder of shares in which Borman has indirect interest

Becoming a substantial holder - Borman ↗
Published 2025-10-10 17:29 AEDT · PDF page 1 · Form 603, items 3 and 4

Positionordinary shares586,398,012—
2024-05-08Sparta AG, Deutsche Balaton AG, VV Beteiligungen AG, DELPHI AG and Wilhelm K.T. Zours
Details & evidence for Sparta AG, Deutsche Balaton AG, VV Beteiligungen AG, DELPHI AG and Wilhelm K.T. Zours on 2024-05-08

Overlapping relevant interests across named affiliated entities; aggregate votes are reported once.

Interest
Control
Registered account
Not separately disclosed
Holding before
—
Holding after
—

Change in substantial holding ↗
Published 2024-05-13 16:18 AEST · PDF page 1 · Form 604, items 2 and 4

Positionordinary shares764,094,51312.62%Voting Power