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Orange Minerals NL ( (AU:OMX) ) has issued an update.
Orange Minerals NL reported a cash balance of $353k and an investment in Godolphin Resources valued at $40k as of March 31, 2025. The company is actively supporting exploration programs in Australia and has secured commitments to raise $810,000 through a share placement to fund due diligence on the Tepa Project Acquisition in Ghana and support existing projects. The acquisition of three reconnaissance licences in Ghana’s Bibiani Gold Field offers a strategic opportunity to expand into a leading gold-producing region, aligning with the company’s growth strategy and potentially enhancing its industry positioning.
More about Orange Minerals NL
Orange Minerals NL is a company engaged in the exploration of mineral resources, focusing on high-value tenements with potential for significant orebody discoveries. The company operates primarily in the Lachlan Fold Belt of New South Wales and the Eastern Goldfields and Pilbara regions of Western Australia.
YTD Price Performance: 13.79%
Average Trading Volume: 251,524
Technical Sentiment Signal: Hold
See more data about OMX stock on TipRanks’ Stock Analysis page.