An update from Orange Minerals NL ( (AU:OMX) ) is now available.
Orange Minerals NL has entered into a binding agreement to acquire three reconnaissance licenses in the Bibiani Gold Field of Ghana, known as the Tepa Project, from Savannah Mining Ghana Limited. This acquisition positions Orange Minerals to capitalize on the gold-rich potential of the Ashanti Region, which is supported by mining-friendly policies and strong investor interest. The projects cover an area of over 166 square kilometers and are strategically located near significant gold systems, offering substantial exploration opportunities. The company has also secured a placement to raise $810,000, with directors participating for an additional $110,000, indicating strong financial backing for the venture.
More about Orange Minerals NL
Orange Minerals NL operates in the mining industry, focusing on gold exploration and development. The company is engaged in acquiring and developing mineral properties with a particular interest in gold projects, primarily in regions with a strong history of mining success.
YTD Price Performance: -6.67%
Average Trading Volume: 208,292
Technical Sentiment Signal: Sell
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