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Woomera Mining Ltd. ( (AU:OB1) ) has issued an update.
Orbminco Limited has launched first-pass metallurgical testwork at its Majestic North Gold Project to evaluate gold recovery and identify the simplest, fastest processing pathways aligned with a near-term development strategy. The program is centred on shallow supergene and oxide ore, aiming to optimise speed to market, lower processing costs and support a vertically integrated operation.
The testwork will assess gravity recoverable gold, cyanide leach performance, mineralogy and particle size, and will generate parameters to compare an on-site gravity circuit against third-party toll treatment options. Initial results, expected in coming weeks, will feed into ongoing technical and economic assessments, including a planned Mineral Resource update, potentially influencing development timelines and Orbminco’s control over monetising Majestic North.
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. The project targets shallow supergene-enriched and oxide gold mineralisation developed in historic palaeochannels above primary bedrock mineralisation, with ongoing drilling and resource work aimed at defining near-term development potential.
Average Trading Volume: 430,708
Technical Sentiment Signal: Sell
Current Market Cap: A$6.39M
See more insights into OB1 stock on TipRanks’ Stock Analysis page.