Omnia Reports Gold, Copper, Nickel, and PGE Anomalies at Ord Basin Project
Omnia Metals Group has identified promising gold, copper, nickel, and PGE anomalies at its Ord Basin Project, setting the stage for expanded exploration in 2025. The company also advances its Salt Creek Project with a Heritage Survey planned, while maintaining strong ESG and safety standards.
- Gold, copper, nickel, and PGE anomalies detected at Ord Basin Project
- Heritage Survey at Salt Creek Project postponed to February 2025
- Follow-up aerial VTEM survey and geological mapping planned for H1 2025
- Omnia maintains high safety and ESG standards with active First Nations engagement
- Company continues cooperation with ASX for reinstatement of trading
Exploration Breakthroughs in the Kimberley
Omnia Metals Group Ltd (ASX: OM1) has reported significant progress in its exploration activities during the quarter ending 31 December 2024. The highlight comes from the Ord Basin Project in Western Australia's East Kimberley region, where the company’s soil geochemistry program identified notable gold, copper, nickel, and platinum group element (PGE) anomalies. These findings mark an important milestone for Omnia as it seeks to establish itself in the competitive exploration landscape.
The UltraFine+™ soil sampling campaign, covering two key exploration targets within the Ord Basin, revealed peak gold concentrations of up to 32.8 parts per billion and copper values reaching 1,200 parts per million in the northern target area. Meanwhile, the southern target yielded PGE values up to 324 parts per billion and nickel concentrations as high as 1,800 parts per million. These geochemical anomalies provide compelling evidence of mineralisation potential that warrants further investigation.
Next Steps: Advanced Surveys and Drilling Plans
Building on these encouraging results, Omnia plans to conduct an aerial Versatile Time Domain Electromagnetic (VTEM) survey in the first half of 2025. This geophysical survey will help delineate subsurface structures and refine drill targets. Following the VTEM survey, the company intends to undertake detailed geological mapping and additional geochemical sampling to better understand the mineralisation framework.
Parallel to activities at Ord Basin, Omnia is advancing its Salt Creek Project in the Goldfields region of Western Australia. A Heritage Survey with the Upurli Upurli Native Title Group, initially scheduled for late 2024, was postponed due to heavy rains and is now set for February 2025. This survey is a crucial prerequisite for the planned 5,000-metre reverse circulation (RC) drilling program aimed at testing high-potential gold and copper targets identified earlier in the year.
Commitment to Safety, ESG, and Community Engagement
Omnia Metals continues to uphold rigorous health and safety standards, reporting zero incidents during the quarter. The company also emphasizes its commitment to environmental, social, and governance (ESG) principles, striving to minimise environmental impact and foster strong relationships with First Nations communities in both Australia and Canada. The soil sampling campaign at Ord Basin was conducted with active monitoring by representatives of the Purnululu people, reflecting Omnia’s collaborative approach to exploration.
Corporate Outlook and Financial Position
On the corporate front, Omnia remains engaged with the Australian Securities Exchange (ASX) as it works towards reinstatement of its trading status. Financially, the company reported a cash balance of $19,000 at quarter’s end, with ongoing cash outflows related to exploration and corporate activities. Management has indicated plans to raise additional funds, leveraging strong relationships with existing shareholders and funders to support continued operations and exploration programs.
While the company’s near-term cash runway is limited, its strategic focus on advancing high-potential projects and maintaining robust stakeholder engagement positions Omnia Metals for potential growth as it navigates the challenges of early-stage exploration.
Bottom Line?
Omnia Metals’ recent discoveries and planned exploration activities set a promising foundation, but funding and ASX reinstatement remain critical hurdles ahead.
Questions in the middle?
- What will the upcoming VTEM survey reveal about the subsurface mineralisation at Ord Basin?
- How will the delayed Heritage Survey impact the timeline and scope of drilling at Salt Creek?
- What are the prospects and timeline for Omnia’s successful capital raise to sustain exploration momentum?