Orange Minerals Focuses on Strategic Exploration

Orange Minerals NL (AU:OMX) has released an update.

Orange Minerals NL reported a cash balance of $935k and a $130k investment in Godolphin Resources as of June 30, 2024, along with active exploration at their Lennon’s Find Project, where they can earn up to 75% interest by 2028. The company prioritizes exploration in promising areas like the Lachlan Fold Belt and the Eastern Goldfields, with completed soil surveys and planned IP surveys to better define drill targets. Operational highlights include negotiations for a Heritage Agreement and preparations for an IP survey at Lennon’s Find, with significant untested exploration targets identified.

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