Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Auroch Minerals Ltd. ( (AU:OR3) ) has provided an update.
Ore Resources has launched a 3,000m reverse circulation drilling program at its 100%-owned Coolgardie Lithium Projects, concentrating on the Kangaroo Hills Lithium Project in Western Australia. The campaign will test along-strike and depth extensions of the Big Red and Potoroo spodumene-bearing pegmatite systems, which currently extend over about 900m of strike and remain open in several directions at shallow depths.
The drilling follows a series of strong lithium intercepts from 2023–2024 and aims to expand the mineralised footprint, with assay results expected in June 2026 to inform near-term development and commercialisation options. Management highlights a rebound in global lithium prices and tightening supply as supportive for advancing these high-quality, low-cost lithium assets alongside the company’s larger gold exploration push, backed by A$9.6 million in cash and no debt as at 31 March 2026.
More about Auroch Minerals Ltd.
Ore Resources Ltd is an Australian exploration company focused primarily on gold and lithium projects in the Goldfields region of Western Australia. Its core assets include the Coolgardie Gold Projects and the Coolgardie and Kal East Lithium Projects, where it is targeting shallow, high-grade spodumene-bearing pegmatites positioned near existing mines and processing infrastructure.
YTD Price Performance: 20.69%
Average Trading Volume: 956,581
Technical Sentiment Signal: Buy
Current Market Cap: A$57.65M
Learn more about OR3 stock on TipRanks’ Stock Analysis page.