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An update from Orange Minerals NL ( (AU:OMX) ) is now available.
Orange Minerals NL reported positive outcomes from its latest geophysical survey at the Hammerhead deposit, strengthening its exploration efforts in the Pilbara region. With a cash balance of $617k and further investments in exploration, the company is focusing on expanding its asset portfolio, including the recently granted licenses at the Mulga rock project. Leadership changes have also occurred, with Chris Michael stepping in as Managing Director and Johnathon Busing joining as a Non-Executive Director, indicating a strategic shift towards leveraging financial expertise to enhance its project developments.
More about Orange Minerals NL
Orange Minerals NL operates within the mining and exploration industry, focusing on high-value tenements with potential for significant orebody discoveries in regions such as the Lachlan Fold Belt of NSW and Eastern Goldfields and Pilbara of WA. The company is invested in exploration projects targeting polymetallic resources, particularly zinc, copper, lead, gold, and silver, and maintains a strategic investment in Godolphin Resources Limited.
YTD Price Performance: 0.0%
Average Trading Volume: 76,259
Technical Sentiment Consensus Rating: Buy
For an in-depth examination of OMX stock, go to TipRanks’ Stock Analysis page.
