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Ore Resources Limited (ASX:OR3)

ALERT: Price-sensitive ASX Announcement for OR3
Current share price for OR3 : $0.071 -0.008 (-10.13%)+
Announcement
Release
23 Jun 2026 8:15AM
Price at Release
$0.079
Full Release
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Summary
Ore Resources Limited has conducted successful drilling at the Kangaroo Hills project, focusing on the Big Red and Potoroo pegmatite systems. They have extended the Big Red pegmatite, which is rich in lithium, and have identified significant extension potential for both systems. The company is planning further exploration and evaluating commercialisation options for ore sales, aligning with favorable lithium market conditions. Future plans include additional drilling and testwork to advance the project.
Key Points
  • Drilling at Kangaroo Hills has been focused on Big Red, a near-surface, shallow dipping pegmatite system with strong lithium grades.
  • Big Red is part of a larger lithium-caesium-tantalum (LCT) pegmatite system at Kangaroo Hills and the wider Coolgardie Lithium Projects.
  • The recent drilling program extended the Big Red pegmatite system, which remains open along-strike to the north and down-dip.
  • Drilling at Potoroo extended the pegmatite system, highlighting potential for further growth.
  • The drilling program has successfully defined significant extensions to both Big Red and Potoroo pegmatite systems.
  • Ore Resources is evaluating further exploration activities and commercialisation pathways for Kangaroo Hills, including potential ore sales.
  • The company plans additional drilling and metallurgical testwork at Kangaroo Hills to support project advancement.
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.