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Orpheus Uranium Limited (ASX:ORP)

ALERT: Price-sensitive ASX Announcement for ORP
Current share price for ORP : $0.097 0.007 (7.78%)+
Announcement
Release
29 Jul 2026 10:04AM
Price at Release
$0.090
Full Release
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Summary
Orpheus Uranium Limited has commenced drilling at its Frome Project in South Australia, marking a significant milestone following extensive preparation. The program aims to test the Erudina Prospect, a key uranium target, and will involve up to 35 drill holes over 5,750 metres to refine geological models and confirm historical uranium findings. Located in the promising Callabonna Sub-Basin, the project seeks to establish Exploration Targets and JORC-compliant resources. The drilling will focus on palaeochannel formations that have shown historical uranium anomalies, incorporating recent technical reviews and reinterpretations to guide future exploration.
Key Points
  • Orpheus Uranium Limited's team and drill rig have arrived at the Frome Project site in South Australia.
  • The drilling program will start with six to eight holes to test regional stratigraphy and refine Orpheus' geological models.
  • The total program includes up to 35 rotary mud drill holes for approximately 5,750 metres.
  • Historical drilling at Erudina identified widespread uranium anomalies, which will be further tested by the new drilling program.
  • This drilling aims to refine historical uranium results and improve understanding of the palaeochannel architecture.
  • Results from the drilling program will contribute to potential Exploration Targets and a JORC-compliant Mineral Resource Estimate.
  • The Frome Project is located in the Callabonna Sub-Basin, recognized for its uranium deposits.
  • Managing Director Clinton Dubieniecki expressed excitement to test the geological models developed for the project.
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.