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The latest announcement is out from Ordell Minerals Ltd ( (AU:ORD) ).
Ordell Minerals Limited has announced the near completion of an 8,000-meter drilling program at its Barimaia Gold Project, revealing a significant zone of shallow gold mineralization at McNabs East and a new high-grade zone extending towards The Furnace. The company plans further drilling activities to expand its exploration efforts. Additionally, Ordell has consolidated its land holding around the Goodia Project, enhancing its exploration potential in Western Australia. With $3.8 million in cash reserves, Ordell is well-positioned to continue its exploration and development activities, potentially impacting its market positioning and offering promising prospects for stakeholders.
More about Ordell Minerals Ltd
Ordell Minerals Limited is a company operating in the mining industry, focusing on gold exploration and development. The company holds a significant interest in the Barimaia Gold Project, located in a prime mining jurisdiction in Western Australia, near several gold processing plants. The project is strategically positioned adjacent to Ramelius Resources’ Mount Magnet Gold Project, and Ordell is targeting Eridanus-style gold discoveries.
YTD Price Performance: 77.27%
Average Trading Volume: 256,672
Technical Sentiment Signal: Strong Sell
For a thorough assessment of ORD stock, go to TipRanks’ Stock Analysis page.