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Ordell Minerals Limited (ASX:ORD)

ALERT: Price-sensitive ASX Announcement for ORD
Current share price for ORD : $0.525 -0.07 (-11.76%)+
Announcement
Release
23 Apr 2025 8:18AM
Price at Release
$0.595
Full Release
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Summary
Ordell Minerals Limited reported significant progress in its exploration activities for the March 2025 quarter, especially at the Barimaia Gold Project, where extensive zones of gold mineralization were defined following a Reverse Circulation (RC) drilling program. Key assay results highlighted high-grade intersections, confirming the potential for shallow open-pit mining. The company also announced plans for further drilling and exploration, along with a solid cash position of $3.8 million at the quarter's end, indicating a strong foundation for ongoing and future exploration initiatives.
Key Points
  • Ordell Minerals Limited holds an 80.3% interest in the Barimaia Gold Project.
  • Extensive gold mineralization defined at McNabs East following Reverse Circulation drilling.
  • Significant assay results received from RC drilling on the western side of McNabs East.
  • High-grade gold mineralization intersected between McNabs East and The Furnace.
  • Next round of RC and diamond drilling planned to commence in May.
  • Cash on hand of $3.8 million at Quarter-end.
  • Consolidation of land holding around the Goodia Project near Norseman.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.