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Ore Resources Limited (ASX:OR3)

ALERT: Price-sensitive ASX Announcement for OR3
Current share price for OR3 : $0.060 -0.004 (-6.25%)+
Announcement
Release
19 Aug 2026 8:04AM
Price at Release
$0.064
Full Release
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Summary
Ore Resources Ltd has announced the results from a diamond core drilling program at the Kangaroo Hills Lithium Project, part of the Coolgardie Lithium Projects in Western Australia. The program, conducted in July 2026, involved drilling seven diamond core holes totaling 640 meters, designed to gather samples for metallurgical and geotechnical studies. All five targeted holes returned significant intervals of lithium mineralization, further confirming the prospectivity of the Big Red pegmatite system. The standout result came from hole KHDD018, which significantly exceeded expectations with a 27m interval at 1.33% Li2O, including a 5m interval at 2.01% Li2O. The results are expected to support ongoing project development, including a Direct Shipping of Ore study and a forthcoming Mineral Resource Estimate.
Key Points
  • Diamond core drilling at Kangaroo Hills involved seven holes totaling 640m.
  • The drilling aimed to collect samples for metallurgical and geotechnical studies.
  • All five targeted holes returned significant lithium mineralization intervals.
  • Standout result from KHDD018: 27m at 1.33% Li2O, including 5m at 2.01% Li2O.
  • Results support project development and a forthcoming Direct Shipping of Ore study.
  • Low intrinsic iron content of Big Red mineralization confirmed.
  • Ore Resources plans further regional exploration and is financially well-positioned.
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.