Omnia Metals Group has completed a key Heritage Survey at its Salt Creek project and secured $1.59 million through private placements, coinciding with its reinstatement to the ASX official list. The company is poised to commence a significant drilling program targeting gold and copper in Western Australia.
- Completed Heritage Survey at Salt Creek project with Upurli Upurli Native Title Group
- Planned 5,000m RC drilling program targeting gold and copper starting June 2025
- Raised $1.59 million via two private placements with attaching options
- Reinstated to ASX official list on 24 March 2025
- Maintained strong safety record and ongoing First Nations community engagement
Exploration Progress and Heritage Compliance
Omnia Metals Group Ltd (ASX: OM1) has marked a significant milestone in its exploration efforts with the completion of a Heritage Survey at its Salt Creek project in Western Australia's Goldfields region. Conducted in collaboration with the Upurli Upurli Native Title Group, this survey ensures that the upcoming exploration activities respect and protect traditional lands. The survey's completion clears the way for a planned reverse circulation (RC) drilling program of up to 5,000 metres, targeting high-priority gold and copper prospects identified through prior geophysical surveys.
Subject to contractor availability, Omnia anticipates commencing drilling in June 2025, with the program expected to span approximately five weeks. This phase represents a critical step in advancing the company's exploration pipeline and potentially unlocking new mineral resources in a region with a rich mining history.
Capital Raising and Corporate Developments
Financially, Omnia Metals strengthened its position by successfully raising $1,587,511 through two private placements during the quarter. The first placement raised $87,511 through the issuance of over 8.7 million shares at $0.01 each, accompanied by free attaching options exercisable at $0.025. The second, larger placement secured $1.5 million via 150 million shares, also with one-for-one attaching options, following shareholder approval obtained in December 2024.
These capital injections provide the company with the necessary funding to support its exploration activities and operational costs. The cash flow statements reveal a closing cash balance of $1.223 million as of 31 March 2025, reflecting a net inflow from financing activities despite ongoing exploration expenditures.
Reinstatement to ASX and Operational Integrity
After a period of suspension, Omnia Metals was reinstated to the official list of the Australian Securities Exchange on 24 March 2025. This reinstatement restores liquidity and market access for shareholders and signals regulatory compliance and corporate governance improvements.
Operationally, the company reported no safety incidents during the quarter, maintaining high standards across all sites. Omnia continues to prioritize environmental, social, and governance (ESG) commitments, including sustainable exploration practices and active engagement with First Nations communities in both Australia and Canada. These efforts underscore the company's dedication to responsible resource development aligned with global energy transition demands.
Outlook and Strategic Positioning
Omnia Metals is positioning itself as a forward-looking explorer focused on commodities essential to advanced technologies and the global energy transition. The upcoming drilling campaign at Salt Creek, backed by fresh capital and community approvals, could provide critical data to advance resource definition and project valuation. Meanwhile, the company’s diversified tenement portfolio, including projects in the Ord Basin, Albany-Fraser, and Canada’s Lac des Montagnes, offers multiple avenues for growth.
Investors will be watching closely for drilling results and further updates on exploration progress, as well as how effectively Omnia deploys its capital to unlock value. The company’s adherence to ESG principles and community partnerships may also enhance its social license to operate, a vital factor in today’s mining sector.
Bottom Line?
With fresh funding and regulatory clearance secured, Omnia Metals is set to turn exploration potential into tangible progress this year.
Questions in the middle?
- What initial results will the June RC drilling program at Salt Creek reveal about gold and copper prospects?
- How will Omnia allocate the recently raised capital across its diverse project portfolio?
- What impact will ongoing First Nations engagement have on project timelines and community relations?