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Ordell Minerals (ASX:ORD) has expanded its Goodia gold and lithium project near Norseman in Western Australia by acquiring and consolidating tenements next door.
The new tenements at the early exploration project cover Archaean greenstone rocks over ‘some 16 strike kilometres’ and 180sqkm. This almost doubles the area along strike at the project that the company says is “considered under-explored for gold.”
Ordell Minerals will issue $40,000 in shares to Greatland Gold PLC – or its nominee – at 32 cents per share to acquire the ground (E63/1953).
The deal includes the provision of all exploration data and a Heritage Agreement.
This year, the company plans to capture historical data and evaluate previous gold, lithium, and nickel exploration works.
It will also carry out fieldwork – including infill and extensional surface geochemical sampling – to validate targets and run ‘reconnaissance aircore (AC) drilling’ to test geochemical anomalies identified through soil sampling.
Last month, Ordell released drilling results from a small diamond drill run at its Barimaia project near Mount Magnet. It claimed the project was showing open pit potential.
ORD last traded at 36c. It has a market cap below $13 million.
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