Barimaia Gold Project Extends Over 7km Strike with Shallow High-Grade Zones

Expanding the Barimaia Gold Footprint

Ordell Minerals Limited (ASX – ORD) has reported a substantial expansion of gold mineralisation at its flagship Barimaia Gold Project in Western Australia's Murchison district. Recent aircore drilling has more than doubled the strike extent of the Barimaia granodiorite intrusion to over 7 kilometres, a key host rock for gold mineralisation. This extension significantly broadens the exploration target and underpins the project's potential to host large-scale gold deposits.

Complementing this, Reverse Circulation (RC) and diamond drilling at the McNabs East Prospect have confirmed shallow gold mineralisation over a 500-metre strike length on the western side of the intrusion. Notable intercepts include 14 metres at 1.36 grams per tonne gold from just 10 metres depth, highlighting near-surface open-pit mining potential.

Encouraging Metallurgical Results

Metallurgical testwork on samples from McNabs East has demonstrated excellent gold recoveries exceeding 95% using a conventional crush, grind, and Carbon-In-Leach (CIL) processing route. The samples were free milling, with low cyanide and lime consumption, suggesting straightforward and cost-effective processing. These results are a positive indicator for the project's economic viability and support the ongoing exploration strategy.

Funding the Next Phase of Exploration

To capitalise on these promising developments, Ordell completed a $3.85 million share placement in July, attracting both existing and new institutional investors. This capital injection will fund the next round of RC and diamond drilling planned for the second half of August, aimed at further delineating the gold system at McNabs East and testing additional targets along the extended Barimaia intrusion.

At quarter-end, the company held $2.8 million in cash, providing a solid financial foundation for its exploration activities. The company also continues early-stage exploration at its Goodia and Fisher South projects, located in established gold regions, with fieldwork and geochemical sampling scheduled to progress in the coming months.

Strategic Positioning in a Tier-1 Gold District

Barimaia's location near Mount Magnet places it in a Tier-1 mining jurisdiction, adjacent to Ramelius Resources’ Mount Magnet Gold Project, which hosts a 1.2 million-ounce resource. Ordell's geological model draws parallels to the nearby Eridanus deposit, suggesting potential for similar large-scale discoveries. The ongoing systematic drilling program over the expanded intrusion aims to unlock this potential, with the current results reinforcing the project's prospectivity.

While assay results from recent diamond and RC drilling are pending, the current data paints a compelling picture of a growing gold system with multiple stacked mineralised zones open at depth and along strike. The company’s methodical approach to exploration and positive metallurgical outcomes position Ordell well as it advances towards defining a significant gold resource.