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Orbminco Limited (ASX:OB1)

ALERT: Price-sensitive ASX Announcement for OB1
Current share price for OB1 : $0.012 0.001 (9.09%)+
Announcement
Release
29 Jun 2026 11:12AM
Price at Release
$0.011
Full Release
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Summary
Orbminco Limited released an interim drilling update for its Majestic North Gold Project, detailing the completion of a reverse circulation drilling program consisting of 27 holes over approximately 2,220 meters. The program aimed to convert Inferred resources to Indicated within a shallow pit shell and to test structural junctions. Significant gold intercepts were reported from 10 infill holes; however, assays for structural junction and deeper basement holes are pending. These results will inform a forthcoming Mineral Resource Estimate update scheduled for the second half of 2026. The project, located in the Eastern Goldfields of Western Australia, is part of Orbminco's 100% owned property near Kalgoorlie.
Key Points
  • Orbminco Limited has completed an interim drilling update at the Majestic North Gold Project in Western Australia.
  • The drilling program included 27 reverse circulation holes totaling approximately 2,220 meters.
  • The program targeted both resource development infill and structural junction testing.
  • Ten infill holes aimed to convert Inferred resources to Indicated resources within a shallow pit shell.
  • Assays for the infill program have been received, reporting significant gold intercepts.
  • Structural junction testing involved 16 angled holes and one deeper basement test hole, with assays pending.
  • The results will contribute to a Mineral Resource Estimate update in the second half of 2026.
  • Assays from the infill program returned gold above a 0.5 g/t cut-off grade in nine out of ten holes.
  • Further work includes awaiting remaining assay results and integrating data into mining studies.
  • The project is part of Orbminco's 100% owned property near Kalgoorlie, in the Eastern Goldfields.
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.