• ~5,000m of drilling completed at Barimaia with high-grade gold results pending
• Strategic tenement acquisitions expand exploration area
• Cash on hand of $8.2 million at June 30, 2026
• Share placement completed to raise $7 million

Ordell Minerals Limited (ASX: ORD) has reported on its quarterly activities, highlighting significant progress in its exploration efforts at the Barimaia Gold Project in Western Australia. The company completed approximately 5,000 meters of drilling targeting high-grade gold mineralization at McNabs East and other prospects, with results pending. Strategic tenement acquisitions have expanded the prospective area for new granodiorite intrusions, the main host rock for gold mineralization. Technical studies, including ground and surface water, environmental, geological modeling, and geotechnical studies, are ongoing with a maiden Mineral Resource estimate expected in the second half of 2026. The company also completed a share placement to raise $7 million to fund ongoing exploration activities. Cash on hand at June 30, 2026, was $8.2 million.

Maiden Mineral Resource estimate expected 2H 2026

Ordell Minerals is optimistic about the potential of the Barimaia Gold Project to yield significant gold discoveries, supported by strategic tenement acquisitions and ongoing exploration activities.