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Ore Resources Limited (ASX:OR3)

ALERT: Price-sensitive ASX Announcement for OR3
Current share price for OR3 : $0.073 0.001 (1.39%)+
Announcement
Release
23 Jul 2026 8:26AM
Price at Release
$0.072
Full Release
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Summary
Ore Resources Limited, an exploration and development company, reported on its activities for the quarter ending 30 June 2026. The company is focused on advancing its Coolgardie and Randalls Gold and Lithium Projects in Western Australia. Significant progress was made with infill drilling at Big Red and step-out drilling at Potoroo, confirming consistent grades and potential growth opportunities. Additionally, financial activities were detailed in the Appendix 5B Cash Flow Report, which outlined cash flows, including a net cash outflow from operating activities totaling $387,000 for the quarter. The company also reported substantial investments in exploration and evaluation, with a cash outflow of $2.421 million from investing activities.
Key Points
  • Infill drilling at Big Red confirmed consistent grades and widths over a 500m NE-SW strike.
  • Potoroo remains open and continues to exhibit a N-S strike.
  • Diamond drilling commenced at Kangaroo Hills for metallurgical and geotechnical sampling.
  • Additional 3,000m RC lithium drilling program scheduled for July 2026.
  • Net cash used in operating activities was $387,000 for the quarter.
  • Net cash used in investing activities totaled $2.421 million.
  • The company is well-funded for extensive exploration and evaluation plans in 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.