ersonal use only |
Snapshot
Market | 982.4M shares issued and 63.9M unlisted options (1.5-3.7c) | |
$20M market capitalisation (24 February 2022) | ||
Top 20 shareholders hold 41% | ||
Board and Management hold 12% | ||
only | Successful in growing companies and projects, large deposit | |
People | ||
discovery and delivering production. | ||
Assets | 309km2 tenements, including four granted Mining Leases, over | |
the Abbotts Greenstone Belt near Meekatharra WA; | ||
~$70M tax losses. | ||
use | Near term gold operation and excellent prospects for ongoing | |
Strategy | ||
development and discovery of large deposits. | ||
Projects | Lydia-Eclipse Lineament: 5km x 2km of historical gold mining:- | |
(granted | Crown Prince Gold Project: Initial Production Target of 177,500t | |
Mining | at 4.1g/t* (97% Indicated) in 75m open pit plus likely | |
ersonal | underground potential: cf. 8m at 22.3g/t from 259m; | |
Leases) | ||
Lydia Gold Project: Preparing for maiden resource estimate. | ||
Abbotts Lineament: ~2km strike historical gold mining:- | ||
Abbotts Gold Project: Drilling of high grade zones for OP/UG. | ||
Government Well Gold/Base Metal Prospects (Els): Gold/copper. | ||
Pipeline | Transylvania, Abernethy + numerous advanced prospects. | |
OAU 12 month share price (1.3-2.4c)
BOARD AND MANAGEMENT
Rick Crabb - Chairman
Lawyer with wide-ranging experience in resource sector management
Frank DeMarte - Executive Director
Chartered Secretary with expertise in governance and management
Phil Crabb - Non Executive Director
Mining entrepreneur with successful record growing companies
Philip Bruce - Non Executive Director
Mining Engineer with broad success in growing companies and projects
Mal Randall - Non Executive Director
Corporate, management and marketing with many resource companies
*see Slide 7 for details | 2 |
Abbotts Greenstone Belt - targets | |
Under-explored,near-production gold projects, | |
advanced exploration and resource drilling | |
only | |
▪ | Strategy to commence early shallow production and drill to |
discover and expand gold and base metal deposits | |
▪ High likelihood for large gold and base metal deposits | |
under transported cover and at depth | |
use | |
▪ | Granted Mining Leases over Crown Prince, Lydia, Abbotts |
and Crescent projects | |
▪ | Crown Prince pre-development activities underway for high |
ersonal | |
grade open pit and offsite processing | |
▪ Lydia-Eclipse Lineament and Abernethy being drilled to | |
extend deposits and new discoveries | |
▪ | Government Well new base metal and gold discoveries |
5
ersonal use only
Advanced gold projects in Abbotts Greenstone Belt
Crown Prince(M51/886)
• initial oxide open pit production target of 177,472t at 4.14g/t Au (22,444oz Au)
• historical mine 29,400t at 21g/t Au yield
• excellent underground potential with deepest drill intersection at 259m (8m at 22.3g/t Au)
Lydia(M51/889)
• very high grade near-surface intersections and underground potential open beyond 200m
Abbotts(M51/390)
• deposit over 1,700m strike with sparse drilling to 170m around historical high grade mines (37,100t at 32g/t Au yield)
Crown Prince site showing | 4 |
pit location and old tailings | |
Lydia-Eclipse Lineament - multiple deposits under thin cover
ersonal use only
- Crown Prince and Lydia deposits and adjacent prospects are associated with north-south mineralised shears close to a regional SW-NE fault
- Crown Prince and Lydia Mining Leases are granted and ready for development preparation
- All deposits and prospects partially drilled and likely to have deep extensions
- Widespread gold mineralisation highlights potential for further discoveries and extensions under cover
- Exploration continues on the many surface prospects, nugget fields and geophysical anomalies
5
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Ora Gold Limited published this content on 25 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 01:01:01 UTC.