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ORD - Ordell Minerals

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Ordell Minerals Limited is a mineral exploration company with the objective of delivering near-term value and growth for shareholders through sustained exploration success.

Upon completion of its IPO and listing on ASX, the Company will own or have the right to own the following interest in the Projects in Western Australia:

(a) the Barimaia Project (80.192%) which is a drill-ready exploration project in a strategic location in the Murchison Gold District of WA located near the town of Mt Magnet, adjacent to Ramelius Resource’s Mt Magnet Gold Project. The Company is focussed on continuing gold exploration at the Barimaia Project following up previous exploration results with a revised structural interpretation of the geology. Barimaia is located approximately eight kilometres east from the Eridanus (Mt Magnet) gold deposit being mined by Ramelius. The Eridanus deposit offers the Company with an analogue deposit model for drill testing after the Company is listed on ASX;

(b) the Goodia Project (100%) is located approximately 15km SW of Norseman and 50km south of Develop’s Dome North Lithium deposit. Goodia is an opportunity to explore an early-stage exploration project with potential for the discovery of lithium and gold deposits. This Project is located on the southern part of an interpreted corridor considered prospective for lithium mineralisation that extends over 150km from the Mt Marion deposit owned by Mineral Resources Limited; and

(c) the Fisher South Project (100%) which is located 430km north of Kalgoorlie in the North East Goldfields and straddles the southern Mt Fisher and northern Dingo Range greenstone belts that are considered prospective for gold and nickel mineralisation. It is located along strike of Emerald Resources North Laverton Gold Project. Fisher South is an early-stage exploration project with potential to define significant gold, nickel and other base metal mineralisation.

Following completion of its IPO, the Company’s proposed business model will be to focus on exploration of and, where appropriate, development of its Projects possessing gold and/or lithium and other metals and minerals.

It is anticipated that ORD will list on the ASX during July 2024.

 
Listing date16 July 2024 #
Company contact detailshttps://www.ordellminerals.com.au/
Ph: +61 408 447 493
Principal ActivitiesMineral exploration and mining
Issue PriceAUD 2.00
Issue TypeOrdinary Fully Paid Shares
Security codeORD
Capital to be Raised$6,000,000
Expected offer close date27 June 2024
UnderwriterN/A
 
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