Join our daily newsletter At The Bell to receive exclusive market insights
Ore Resources (ASX:OR3) has tied up a “seminal” milestone for its Miriam and Kangaroo Hills projects in Coolgardie, executing an agreement with the Marlinyu Ghoorlie native title applicants that will now let it obtain mining leases.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
Disclaimer: This content has been prepared as part of a partnership with Ore Resources Ltd and is intended for informational purposes only.
The agreement covers exploration, development, and operation phases for Ore’s gold and lithium projects and will “deliver immediate benefits,” the Australian explorer told its shareholders in a market update today.
“This signing is a culmination of open and constructive discussions between Ore and Marlingyu Ghoorlie to genuinely partner in the advanced and targeted development of the Coolgardie gold and lithium projects, for the benefit of all stakeholders,” the company’s MD and CEO, Nick Rathjen, said.
He continued: “The agreement builds on the strong existing relationship between the parties to allow the progression of the projects in a manner that carefully manages the cultural values and heritage of the area.”
Beyond enabling future mining licence grants at the Coolgardie tenures, Ore can also acquire land within five kilometres and have it included, too.
The agreement covers the entire Coolgardie Projects portfolio, which includes many advanced exploration areas at the Miriam Gold Project, the Kangaroo Hills Lithium Project, as well as Burbanks East and Neapean South.
“I would like to express my heartfelt gratitude to Marlinyu Ghoorlie for their entry into this longer-term partnership with us,” Mr Rathjen added.
“We believe the final agreement represents an excellent outcome for both groups. May it continue to foster and enhance the strong existing relationship between Ore and Marlinyu Ghoorlie over the years to come.”
Ore now moves into execution for its Phase Four exploration programme in CY26. The company already has some 30,000 metres of gold-focused drilling planned across the Coolgardie area, which it will start as soon as possible. Reverse circulation drilling is already being run at Mirim this month.
OR3 heads into Tuesday morning at 0.6cps.
Join the discussion: See what HotCopper users are saying about Ore Resources Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
