Orange Minerals NL (AU:OMX) has released an update.
Orange Minerals NL reported a successful quarter with a $1.31 million cash balance and a $0.25 million investment in Godolphin Resources. The quarter saw completion of a maiden drill program at the Eastern Goldfields Projects, with all drill holes intersecting gold, and the initiation of negotiations for a Heritage Agreement at Lennon’s Find. The company is progressing on its strategy to explore high-value tenements, including a 75% earning potential in the Lennon’s Find Polymetallic Project in the Pilbara through significant investment and drilling.
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