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Orange Minerals NL ( (AU:OMX) ) just unveiled an update.
Orange Minerals NL has reported the interception of more than 25 metres of visually identified semi-massive, banded and disseminated sulphides from 510 metres depth in its first deep diamond drillhole at the Lennon’s Find Project in Western Australia, targeting a strong induced polarisation anomaly interpreted as a possible feeder structure to the existing zinc‑lead‑silver system. The hole, completed to 615 metres and co-funded under Western Australia’s Exploration Incentive Scheme, contains visible chalcopyrite, sphalerite and galena, suggesting potential copper, zinc and lead mineralisation at depth, with laboratory assays and a downhole electromagnetic survey scheduled for early 2026, marking a significant step in testing the project’s deeper resource potential and guiding future exploration planning.
The most recent analyst rating on (AU:OMX) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Orange Minerals NL stock, see the AU:OMX Stock Forecast page.
More about Orange Minerals NL
Orange Minerals NL is an Australian exploration company focused on polymetallic projects, including zinc, copper, lead, silver and gold, with its Lennon’s Find Project located on a granted mining lease in Western Australia. The project already hosts a near-surface JORC 2012 Inferred Resource of 1.35 million tonnes grading 5.9% zinc, 0.2% copper, 1.6% lead, 0.28g/t gold and 84g/t silver, and is being advanced through deeper drilling to test its broader mineral potential.
Average Trading Volume: 277,187
Technical Sentiment Signal: Buy
For a thorough assessment of OMX stock, go to TipRanks’ Stock Analysis page.