Orbminco Limited has acquired the Majestic North Gold Project in Western Australia for $3.4 million plus royalties, unlocking near-term mining potential and significant exploration upside. Drilling programs are already in progress to validate and expand the resource.
- Acquisition of Majestic North Gold Project for $3.4 million plus production royalty
- JORC-compliant gold resource with near-term mining potential and granted mining lease
- Strategic location 65km east of Kalgoorlie in the Eastern Goldfields region
- Drilling commenced July 2025 to validate and expand resource with results expected August
- Significant exploration upside due to limited historical drilling below 40m depth
Orbminco’s Strategic Acquisition
Orbminco Limited (ASX, OB1) has taken a decisive step forward in its gold exploration and development strategy by acquiring the Majestic North Gold Project in Western Australia’s prolific Eastern Goldfields region. The $3.4 million deal, supplemented by a production royalty, secures a granted mining lease and a JORC-compliant gold resource positioned just 65 kilometres east-southeast of Kalgoorlie, a world-renowned mining hub.
This acquisition stands out for its exceptional value proposition, priced at approximately $86 per resource ounce, well below typical industry averages. The project’s shallow, accessible mineralisation is well suited for open-pit mining, and its proximity to established infrastructure and toll treatment facilities offers Orbminco multiple pathways to accelerate development and production.
Exploration Potential and Drilling Programs
Orbminco has already initiated a two-stage drilling campaign, beginning in July 2025, aimed at validating the existing resource and testing extensions to the north and south. The initial aircore drilling program, comprising roughly 50 holes totaling 3,000 metres, is designed to confirm the current resource and explore untested targets, with assay results anticipated by late August.
What makes Majestic North particularly intriguing is the limited historical drilling below 40 metres depth, leaving the primary gold source largely unexplored. This opens significant upside potential for resource expansion, especially at depth, where primary lode-gold mineralisation may be discovered. The second stage of drilling, planned for September 2025, will include infill aircore and reverse circulation drilling to upgrade resource classification and further test promising targets.
Pathway to Production and Market Positioning
Orbminco’s acquisition is not just about resource accumulation but also about fast-tracking development. The company plans to update the JORC resource by the third quarter of 2025, followed by comprehensive mining studies including pit optimisation, mine design, and metallurgical testwork. A final investment decision is targeted for the third quarter of 2026, positioning Orbminco to potentially enter production within a relatively short timeframe.
With a strong board and management team boasting decades of experience in mining and geology, Orbminco is well placed to leverage the strategic location of Majestic North. The project’s adjacency to Black Cat Syndicate’s Majestic-Imperial Project, which holds a 515,000-ounce resource, further underscores the district’s prospectivity and Orbminco’s potential to unlock value.
Looking Ahead
As Orbminco advances its drilling and development programs, the market will be watching closely for assay results and resource upgrades that could significantly enhance the project’s valuation. The combination of an established resource, strategic location, and substantial exploration upside provides a compelling narrative for investors seeking exposure to gold in a Tier-1 jurisdiction.
Bottom Line?
Orbminco’s Majestic North acquisition sets the stage for a potentially transformative gold project with near-term catalysts ahead.
Questions in the middle?
- Will the upcoming drilling confirm significant resource extensions at depth?
- How will assay results impact Orbminco’s valuation and development timeline?
- What are the prospects for fast-tracking production given nearby infrastructure and toll treatment options?