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Ordell Minerals Ltd ( (AU:ORD) ) has provided an update.
Ordell Minerals reported strong March quarter exploration results from its Barimaia Gold Project, with drilling at the McNabs East Main Zone and Northern Zone intersecting high-grade and shallow gold mineralisation over significant strike lengths. The company plans a ~15,000m drilling campaign from May to July 2026 to extend high-grade zones at McNabs East, test the Furnace Prospect’s granodiorite intrusions and explore new felsic intrusions, supported by a cash balance of $3.4 million and ongoing regional sampling at its Goodia project.
The latest intercepts at Barimaia, which lies adjacent to Ramelius Resources’ Mount Magnet operations and in comparable geology to the Eridanus gold deposit, reinforce Ordell’s strategy of systematically drilling 7km of strike to define potentially significant resources in a proven gold belt. These results, combined with the upcoming drilling program and proximity to processing infrastructure, could enhance Ordell’s project economics and strategic positioning as a junior explorer in the Murchison district.
More about Ordell Minerals Ltd
Ordell Minerals Ltd is an Australian gold exploration company focused on the Barimaia Gold Project near Mount Magnet in Western Australia’s Murchison district. The company holds an 80.3% interest in Barimaia, targeting Eridanus-style gold discoveries in a Tier-1 mining jurisdiction close to existing processing plants and established operations run by Ramelius Resources.
Average Trading Volume: 136,345
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$54M
For an in-depth examination of ORD stock, go to TipRanks’ Overview page.