Randalls Project Acquisition Completed & Cleansing Statement
| Stock | Miramar Resources Ltd (M2R.ASX) |
|---|---|
| Release Time | 7 Apr 2026, 8:46 a.m. |
| Price Sensitive | Yes |
Randalls Project Acquisition Completed & Cleansing Statement
- Ore Resources completes acquisition of Randalls Gold Project from Miramar Resources
- Consolidates Kal East Gold Projects with over 740.5km2 of prospective gold tenure
- Kal East offers highly prospective gold targets and multiple walk-up drilling opportunities
Ore Resources Ltd (ASX: OR3) has completed the acquisition of the Randalls Gold Project from Miramar Resources Limited (ASX: M2R) and its subsidiaries. This consolidates the company's Kal East Gold Projects, which now cover over 740.5km2 of prospective gold tenure. Kal East offers several highly prospective gold targets and multiple walk-up drilling opportunities, supporting further detailed exploration and first-pass drilling scheduled for later in 2026. Ore Resources is well funded with a robust cash balance of A$10.7 million and zero debt as of 31 December 2025, positioning the company to advance all planned exploration programmes across its Goldfields portfolio in 2026. The acquisition of the Randalls tenure provides Ore with significant discovery upside, given the scale of gold endowment evident historically within the region. The company intends to conduct detailed exploration works at its Kal East Project, complementing its ongoing focus at the Coolgardie Gold Projects under the current 30,000m Phase 4 drilling programme.