Ordell Minerals Limited advised that Ordell has listed on the ASX, bringing an advanced WA gold and lithium exploration portfolio to market. The Company's asset is the Barimaia JV Gold Project ("Barimaia"), located in the Murchison region of WA, which represents an advanced exploration project with significant historical drilling results. Ordell acquired its 80.2% interest in Barimaia from Genesis Minerals Limited ("Genesis"), which is now a major shareholder of Ordell with an 8% shareholding upon listing.
Barimaia was never systematically explored due to Genesis' strategic focus on its assets in the Leonora region. Barimaia is located in a Tier-1 mining jurisdiction in close proximity to several gold processing plants, lying adjacent to Ramelius Resources' Mt Magnet mill, 70km from Spartan Resources' Dalgaranga mill and 80km from Westgold Resources' Tuckabianna mill. Previous exploration by Genesis identified an extensive gold system at Barimaia, with historical RC drilling highlighting shallow open pit potential.
In addition to the Barimaia Project, Ordell also holds the Goodia Lithium Project, located in WA's Kalgoorlie-Norseman lithium district about 50km south of Develop's Dome North lithium deposit, and the Fisher South Gold Project in the Laverton gold district. Ordell has acquired 100% of Metallo Minerals Pty Ltd. which has a combined interest (registered and beneficial) of 80.2% in each of the tenements making up the project. Barimaia hosts similar geology (including interpreted felsic intrusion host rocks) to Ramelius Resources' Eridanus gold deposit, which hosts a current JORC Resource of 21Mt @ 1.7g/t Au for 1,200,000oz of contained gold 2, with an additional +300,000 ounces of gold mined from the open pit.
Previous exploration work undertaken by Genesis demonstrated the presence of an extensive gold system, with significant historical RC results highlighting shallow open pit potential, including: 15m @ 11.4g/t Au from 74m; 17m @ 3.4g/t Au from 49m; 19m @ 1.5g/t Au from 18m; 5m @ 4.0g/t Au from 43m; and 70m @ 0.7g/t Au from 59m. In addition, historical air-core drilling at the east end of strike returned high-grade bottom-of-hole results that were never followed up, including: 2m @ 14.3g/t Au from 25m; and 1m @ 10.2g/t Au from 32m. Ordell is planning to undertake systematic Reverse Circulation (RC) drilling along a 2.5km strike extent at Barimaia targeting Eridanus-style discoveries, with aircore drilling also planned to test for strike extensions to the known mineralisation.
Goodia Lithium - Gold Project: The Goodia Project represents an early-stage exploration opportunity in the attractive WA Kalgoorlie- Norseman lithium district, located 50km south of Develop's Dome North Lithium Deposit, 150km south of Mineral Resources' Mt Marion lithium operations and 10km west of Mineral Resources' Norseman lithium asset. The Goodia Project hosts confirmed pegmatites, which are yet to be tested for their lithium potential. Exploration to assess the gold prospectivity and to better understand the significance of the mapped pegmatites to potentially host lithium mineralisation will be completed.
Fisher South Gold Project: The Fisher South Gold Project is located 400km north of Kalgoorlie in the Laverton district of the north- eastern Goldfields. Fisher South represents an early-stage exploration project, strategically located 40km along strike from Emerald Resources' North Laverton Gold Project. The Project is highly prospective for gold, nickel and base metal deposits, but has previously seen only very limited exploration work.
Initial exploration will include wide-spaced air-core drilling over 10km of strike.
