- Orange Minerals (OMX) reports its first activities quarterly report after listing on the ASX last month
- Over the December quarter, the company completed its phase one drilling program at its Calarie Gold Project in New South Wales
- Assays from the drilling program is expected next month
- Orange listed on the ASX in December after successfully raising $7 million
- Orange finished the day of trading in the grey at 16 cents
Orange Minerals (OMX) has reported its first activities quarterly report after listing on the ASX last month.
Over the December quarter, the company completed its phase one drilling program at its Calarie Gold Project in New South Wales.
Drilling included over 1000 metres of reverse circulation drilling at ten holes. The program aimed to validate historical drill holes and look to extend mineralised horizons intersected in previous drill programs.
Assays from the drilling program are expected next month.
Orange was listed on the ASX in December after successfully raising $7 million.
Over at the Wisemans Creek Project, Orange completed a desktop review of the project area to determine the optimal areas for an initial drilling program. From this, the company has created a phase one drilling program.
Drilling at this project is expected to commence in early 2022.
Additionally, Orange also completed a desktop study at the Majestic Project tenements of the Eastern Goldfields, in WA.
At the end of the period, the company’s cash balance was $6.6 million.
Orange finished the day of trading in the grey at 16 cents.