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Woomera Mining Ltd. ( (AU:OB1) ) has shared an update.
Interim Majestic North drilling results delivered shallow, high-grade gold intercepts on the southern edge of the resource envelope, bolstering confidence in mineralisation continuity ahead of a targeted March/April 2026 resource update. Concurrently, Orbminco secured firm commitments for a A$5 million two-tranche placement at 1.6 cents per share to fund further drilling, resource delineation, and development work, positioning the project for upcoming economic evaluations.
More about Woomera Mining Ltd.
Orbminco Limited is an ASX-listed gold explorer concentrating on the Majestic North Gold Project in Western Australia, where its activities focus on delineating shallow oxide resources through infill drilling to advance mine planning.
Average Trading Volume: 330,957
Technical Sentiment Signal: Sell
Current Market Cap: A$5.27M
For detailed information about OB1 stock, go to TipRanks’ Stock Analysis page.