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Ore Resources Limited (ASX:OR3)

ALERT: Price-sensitive ASX Announcement for OR3
Current share price for OR3 : $0.070 -0.001 (-1.41%)+
Announcement
Release
22 Jul 2026 8:27AM
Price at Release
$0.071
Full Release
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Summary
Ore Resources Limited (ASX: OR3) has announced the commencement of a new phase of Reverse Circulation (RC) drilling at its Coolgardie Lithium Projects in Western Australia. This program includes 3,000 meters of drilling at the Kangaroo Hills Lithium Project, focusing on the Big Red and Potoroo pegmatite extensions. The program aims to build on results from May 2026 and to test extensions in zones previously not fully explored. The initiative also introduces first-pass drilling at the Miriam Lithium Project, marking its first lithium-targeted drilling activities. Results from soil sampling at Miriam have shown large-scale lithium targets with grades up to 1.85% Li2O. Assay results are expected by late August 2026, while the diamond drilling program at Kangaroo Hills is nearing completion. The company, with $9.6 million in cash and zero debt as of March 31, 2026, is well-funded to advance its exploration efforts.
Key Points
  • 3,000m RC drilling program commenced at Coolgardie Lithium Projects.
  • Focus on Kangaroo Hills targeting Big Red and Potoroo extensions.
  • First-pass drilling at Miriam for lithium exploration.
  • Expected assay results in late August 2026.
  • Well-funded with A$9.6 million cash and zero debt as of March 31, 2026.
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.