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Woomera Mining Ltd. ( (AU:OB1) ) has provided an announcement.
Orbminco is advancing mine development at its Majestic North Gold Project, about 65 km south-east of Kalgoorlie, with a focus on shallow, open-pit extraction of a recently updated JORC 2012 resource. The company aims to monetise a higher-grade portion of the 1.37 Mt, ~50,400 oz gold resource via toll treatment or direct ore sales, avoiding the capital and permitting burden of building an on-site processing plant.
A ten-stream development program covering resources, metallurgy, mining studies, geotechnical work, hydrology, processing options, infrastructure, environmental and social assessments, and financial modelling is underway under Goldfields Technical Services. Orbminco is targeting lodgement of a Mining Development and Closure Proposal in early September 2026 and a final investment decision in August–September 2026, positioning the small, shallow deposit for relatively rapid development at current gold prices.
More about Woomera Mining Ltd.
Orbminco Limited is an Australian gold exploration and development company listed on the ASX, focused on advancing its 100%-owned Majestic North Gold Project in Western Australia’s Eastern Goldfields. The project targets near-surface, open-pit gold resources and is positioned to leverage existing regional processing infrastructure through toll treatment or direct ore sales.
Average Trading Volume: 539,812
Technical Sentiment Signal: Sell
Current Market Cap: A$8.84M
Learn more about OB1 stock on TipRanks’ Stock Analysis page.