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Ordell Minerals Limited (ASX:ORD)

ALERT: Price-sensitive ASX Announcement for ORD
Current share price for ORD : $0.560 0.06 (12%)+
Announcement
Release
30 Jul 2026 8:18AM
Price at Release
$0.500
Full Release
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Summary
Ordell Minerals Limited reported on its activities for the quarter ending June 2026, highlighting significant progress in its exploration projects. The company completed approximately 5,000 meters of drilling at the Barimaia Gold Project, which is located in a prime mining area in Western Australia. Results from these drillings are pending. The company strategically acquired additional tenements to explore potential granodiorite intrusions, which are critical for gold mineralization. Financially, Ordell completed a share placement that raised $7 million, bolstering its cash position to $8.2 million at the end of the quarter. Major expenses included $1.473 million on exploration and evaluation, as outlined in their Appendix 5B cash flow report. The company anticipates its maiden Mineral Resource estimate for Barimaia in the latter half of 2026.
Key Points
  • Completed 5,000 meters of drilling at Barimaia Gold Project with results pending.
  • Strategic tenement acquisitions aimed at expanding areas for granodiorite intrusions.
  • Share placement raised $7 million to fund ongoing exploration.
  • Cash on hand as of 30 June 2026 was $8.2 million.
  • Major expenditures included $1,473,000 on exploration and evaluation.
  • Appendix 5B details cash flows and financial standings.
  • Expected maiden Mineral Resource estimate for Barimaia in the second half of 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.