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Orbminco Limited (ASX:OB1)

ALERT: Price-sensitive ASX Announcement for OB1
Current share price for OB1 : $0.011 -0.001 (-8.33%)+
Announcement
Release
21 Jul 2026 9:40AM
Price at Release
$0.012
Full Release
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Summary
Orbminco Limited provides an update on the development of its Majestic North Gold Project in Western Australia, highlighting the completion of key resource drilling phases and Phase 1 metallurgical testwork confirming the ore's free-milling nature. The development program is advancing well across multiple workstreams, including permitting, environmental assessments, and infrastructure design, all supporting the planned Mining Development and Closure Proposal submission in September 2026. The project aims to monetize its resources through a two-stage open-pit mining plan, with ongoing discussions for processing pathways to bring production forward. The company remains on schedule and is managing various technical studies to optimize mining operations and ensure environmental compliance.
Key Points
  • Completion of all three stages of resource drilling at Majestic North Gold Project.
  • Phase 1 metallurgical testwork confirms free-milling ore with gold recoverable by conventional cyanide leaching.
  • Advancements in permitting and environmental workstreams, including groundwater licence application and flora and fauna surveys.
  • Development program on track for Mining Development and Closure Proposal lodgement in early September 2026.
  • Majestic North Gold Project located 65 km south-east of Kalgoorlie in Western Australia’s Eastern Goldfields.
  • Two-stage open-pit mining plan, with Stage 1 focusing on higher-grade domains to monetize without on-site milling.
  • Ongoing pit optimisation, geotechnical studies, and hydrology studies to inform mine design and water management.
  • Processing pathway discussions with potential ore purchasers and toll-treatment operators ongoing.
  • Infrastructure concept design progressing, addressing site access, power, water supply, and site services.
  • Environmental and social impact assessments conducted to feed into the MDCP.
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.