InvestSMART

Orange Minerals NL (ASX:OMX)

ALERT: Price-sensitive ASX Announcement for OMX
Current share price for OMX : $0.063 -0.001 (-1.56%)+
Announcement
Release
30 Apr 2026 4:45PM
Price at Release
$0.064
Full Release
download
Summary
For the quarter ended March 31, 2026, Orange Minerals NL reported significant exploration activities, including a downhole electromagnetic survey at the Lennon's Find Project in Western Australia, which identified three conductive anomalies reinforcing the project's potential. The company also completed a deep diamond drill hole at this site, confirming the presence of volcanic massive sulphide mineralisation. They divested tenements tied to the Majestic Project in exchange for shares worth $200,000 in Auravelle Metals Limited. Financially, Orange Minerals secured $1.675 million via a placement of partly paid shares and ended the quarter with $287,000 in cash. The company received ministerial consent for prospecting licenses in Ghana, facilitating further exploration there.
Key Points
  • Orange Minerals NL conducted a downhole electromagnetic survey at Lennon's Find Project, identifying three conductive anomalies.
  • The company completed its first deep diamond drill hole at Lennon's Find, confirming continuation of volcanic massive sulphide style mineralisation.
  • Orange Minerals NL divested certain tenements associated with the Majestic Project, receiving $200,000 in Auravelle Metals Limited shares.
  • The company secured commitments to raise $1.675 million through a placement of partly paid ordinary shares.
  • Cash and cash equivalents at the end of the quarter were $287,000.
  • No substantive mining production and development activities occurred during the quarter.
  • Ministerial consent received for Ghana Prospecting Licences, facilitating exploration at the Tepa Gold Project.
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.