Can Orange Minerals’ Bonanza Silver Unlock New Value at Lennon’s Find?

Exploration Breakthrough at Lennon’s Find

Orange Minerals has delivered a striking update from its Lennon’s Find project in Western Australia’s Pilbara region, reporting bonanza-grade silver rock chip assays reaching an extraordinary 2,948 grams per tonne. This high-grade discovery reinforces the company’s interpretation of a volcanogenic massive sulphide (VMS) system, with a deeper induced polarisation (IP) anomaly identified as a potential feeder zone to the known zinc-lead-silver mineralisation.

Building on these promising surface results, Orange Minerals is poised to commence a 650-metre diamond drilling program designed to test this deep IP anomaly. The drill hole, partially funded by a Western Australian Environmental Impact Statement grant, aims to unlock the source of the mineralisation beneath the existing resource, which already boasts significant zinc, lead, silver, and gold grades.

Advancing the Tepa Project Acquisition in Ghana

On the corporate front, Orange Minerals is making steady progress on its strategic acquisition of the Tepa Project in Ghana’s prolific Bibiani Gold Field. Following shareholder approval earlier this year, the company is in the final stages of the regulatory transfer process for three granted licences covering 166 square kilometres. The project lies along strike from major gold deposits, positioning Orange to tap into a well-established multi-million-ounce district.

To bolster its in-country capabilities and stakeholder engagement, Orange appointed Mrs Nadia Abdul Aziz as a Non-Executive Director. Based in Accra and with extensive governance experience in Ghana’s mining sector, Mrs Aziz is expected to play a pivotal role in navigating the regulatory landscape and supporting the project’s development.

Strengthening Financial Position and Market Access

Orange Minerals closed the quarter with a modest cash balance of $317,000. However, subsequent to quarter-end, the company received $357,000 from the early exercise of nearly 4 million unlisted options, signaling strong backing from long-term shareholders. This injection provides additional working capital to support ongoing exploration and the completion of the Ghana transaction.

In a move to broaden its investor base, Orange Minerals commenced trading on the OTCQB Venture Market in the United States under the ticker ORMXF. This listing facilitates trading in U.S. dollars during American market hours without diluting existing shareholders, potentially enhancing liquidity and attracting new capital from North American investors.

Outlook and Next Steps

With drill pad preparations complete at Lennon’s Find and regulatory approvals imminent for the Tepa Project, Orange Minerals is entering a critical phase of exploration and corporate advancement. The upcoming drill results will be closely watched for confirmation of the feeder zone hypothesis, while the Ghana acquisition promises to diversify the company’s portfolio with exposure to a prolific gold district.