Orbminco Limited-Majestic North Drilling Progress and Funding Update
Orbminco Limited (ASX: OB1) has released an interim update from its ongoing infill drilling program at the 100%-owned Majestic North Gold Project in Western Australia, with results continuing to reinforce confidence in the existing shallow oxide resource. Recent assays delivered multiple shallow gold intersections, including high-grade intervals at the southern margin of the current resource envelope, supporting geological continuity and potential extensions along strike. To date, assays from 132 drill holes covering 7,343 metres have been received, forming a substantial portion of the planned program aimed at improving resource confidence ahead of mine planning activities.
Importantly, the company is targeting an updated JORC (2012) Mineral Resource Estimate in late March or early April 2026, incorporating outcomes from the current drilling. In parallel with its exploration advancements, Orbminco has obtained binding commitments for a two-tranche placement totalling AU$5.0 million, reinforcing the company’s balance sheet. Proceeds are expected to fund further drilling, development studies and advancement of Majestic North towards economic evaluation, positioning the project for its next phase of growth.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Orbminco Limited-Majestic North Drilling Progress and Funding Update
Orbminco Limited (ASX: OB1) has released an interim update from its ongoing infill drilling program at the 100%-owned Majestic North Gold Project in Western Australia, with results continuing to reinforce confidence in the existing shallow oxide resource. Recent assays delivered multiple shallow gold intersections, including high-grade intervals at the southern margin of the current resource envelope, supporting geological continuity and potential extensions along strike. To date, assays from 132 drill holes covering 7,343 metres have been received, forming a substantial portion of the planned program aimed at improving resource confidence ahead of mine planning activities.
Importantly, the company is targeting an updated JORC (2012) Mineral Resource Estimate in late March or early April 2026, incorporating outcomes from the current drilling. In parallel with its exploration advancements, Orbminco has obtained binding commitments for a two-tranche placement totalling AU$5.0 million, reinforcing the company’s balance sheet. Proceeds are expected to fund further drilling, development studies and advancement of Majestic North towards economic evaluation, positioning the project for its next phase of growth.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au