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- Diamond drilling underway at Kangaroo Hills lithium project
- Drilling plans building on recent success of RC program
- Additional 3,000m of RC lithium drilling scheduled to commence in July
- Advanced lithium discussions underway with potential partners
Ore Resources (ASX:OR3) is taking advantage of the resurgence in prices for lithium with a number of exploration and development activities underway at its Coolgardie critical minerals projects in the Goldfields region of WA.
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On the exploration front diamond drilling has kicked off at the Kangaroo Hills lithium project as a follow up to Ore’s successful reverse circulation (RC) drilling campaign in May.
The company is also on-track to commerce a further 3,000m of RC drilling next month focussed on follow-up drilling at the Big Red and Potoroo pegmatites along with first-pass drilling of key targets at the neighbouring Miriam lithium project.
On the corporate side, Ore is making progress in discussions with potential lithium strategic and commercial partners, while economic studies are underway at Kangaroo Hills to support the evaluation of export direct shipped ore (DSO) or domestic ore sales opportunities, with completion of the studies scheduled for H2 CY2026.
MD and CEO, Nick Rathjen, said Ore is well funded and strongly positioned to advance all planned exploration at its Coolgardie and Kal East gold and lithium projects
“The ramp-up of activities at our Coolgardie lithium projects marks an exciting new chapter for Ore Resources,” he told shareholders.
“Building on the strong results from our May 2026 RC programme and supported by improving lithium market conditions, significant industry interest and increasing regional operating activity, we have moved to expand our exploration and operational focus at Kangaroo Hills.
“Diamond core drilling is underway to deliver metallurgical and geotechnical samples in support of key economic studies.
“In parallel, we plan to commence a 3,000m RC drilling program in the coming weeks, targeting further extensions to the Big Red and Potoroo pegmatite systems and initial testing at Miriam, a highly prospective greenfields exploration opportunity with spodumene bearing outcrops, that remains untested by drilling to date.
“Concurrentlty, we are progressing economic studies at Kangaroo Hills to assess potential export or domestic ore sales opportunities. This work is closely aligned with ongoing engagement with potential commercial partners.”
Ore has also begun preliminary investigations to evaluate the application of ore sorting at Big Red, with material obtained from the diamond drilling program to also be used in upcoming trials, along with the expanded metallurgical test work.
“We are excited to advance this renewed lithium focus over the second half of 2026. With a range of exploration activities in progress for both lithium and gold and a strong pipeline of upcoming news flow, Ore remains well positioned to continue unlocking additional value across its Coolgardie projects portfolio,” Mr Rathjen said,
OR3 will open at 7.9¢. Mkt cap $64.54M.
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