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An announcement from Woomera Mining Ltd. ( (AU:OB1) ) is now available.
Orbminco Limited has announced the acquisition of the Majestic North Gold Project in Western Australia’s Eastern Goldfields, a strategic move to enhance its asset portfolio. The project, which includes a JORC 2012 compliant resource of 39,700 ounces of gold, offers near-term mining potential and excellent prospects for deeper primary gold mineralization. The acquisition is supported by a share placement to fund due diligence and exploration activities, positioning Orbminco to advance its mining studies and approvals.
More about Woomera Mining Ltd.
Orbminco Limited is a company focused on building a portfolio of high-quality assets in Tier-1 jurisdictions, primarily operating in the mining industry with an emphasis on gold exploration and development.
Technical Sentiment Signal: Hold
Current Market Cap: A$2.4M
Learn more about OB1 stock on TipRanks’ Stock Analysis page.