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Orange Minerals NL ( (AU:OMX) ) just unveiled an update.
Orange Minerals NL has announced the discovery of high-grade rock chip samples at its Lennon’s Find Project in Western Australia, with silver grades reaching up to 2,948 g/t. These results bolster confidence as the company prepares to drill a 650-meter diamond hole to test a deep induced polarization anomaly, potentially indicating a larger VMS system. The drilling program, partially funded by the WA Government Exploration Incentive Scheme, aims to explore beneath the existing resource and could significantly impact the company’s exploration success and market positioning.
More about Orange Minerals NL
Orange Minerals NL is a company engaged in the exploration and development of mineral resources, focusing on polymetallic projects. The company is active in the mining industry, with a particular emphasis on copper, gold, zinc, lead, and silver exploration in Western Australia.
Average Trading Volume: 177,886
Technical Sentiment Signal: Buy
Learn more about OMX stock on TipRanks’ Stock Analysis page.