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An update from Ordell Minerals Ltd ( (AU:ORD) ) is now available.
Ordell Minerals Limited has announced significant progress in its Barimaia Gold Project, with drilling at the McNabs East Prospect revealing strong zones of gold mineralization. The main zone’s strike length has been extended to over 700 meters, with high-grade gold intersected at shallow depths. The company plans to continue its exploration efforts with further drilling and surveys scheduled for November. Additionally, Ordell completed a share placement to raise $3.85 million to fund ongoing exploration activities, maintaining a cash reserve of $5.3 million as of September 30, 2025.
More about Ordell Minerals Ltd
Ordell Minerals Limited is a company operating in the mining industry, primarily focused on gold exploration. The company holds an 80.3% interest in the Barimaia Gold Project, located near Mount Magnet in the Murchison district of Western Australia, a Tier-1 mining jurisdiction. The project is situated close to several gold processing plants and adjacent to Ramelius Resources’ Mount Magnet Gold Project.
Average Trading Volume: 269,511
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$27.17M
For a thorough assessment of ORD stock, go to TipRanks’ Stock Analysis page.