Forrest Prospect Yields 20m @ 2.27 g/t Au and 25m @ 3.01 g/t Au in Phase 3 Drilling

Expanding the Forrest Gold System

Ore Resources Ltd (ASX – OR3) has delivered a strong update from its Miriam Project in Western Australia’s prolific Goldfields region. The recently completed Phase 3 Reverse Circulation (RC) drilling program at the Forrest prospect has returned assay results that confirm multiple extensions to previously identified fresh rock gold lodes. Notably, mineralisation remains open in several directions, suggesting the potential for further resource growth.

Among the highlights, drill hole FGRC047 extended two earlier Phase 2 intercepts, delivering 20 metres at 2.27 grams per tonne (g/t) gold from 183 metres depth, and 12 metres at 1.23 g/t from 108 metres. This represents significant down-dip extensions of 50 and 90 metres respectively, underscoring the continuity of the gold system at depth.

Shallow Oxide and New Lode Discoveries

In addition to fresh rock mineralisation, the Phase 3 program has extended the shallow oxide gold trend first identified in earlier drilling phases. Hole FGRC038 returned 25 metres at 3.01 g/t gold from just 36 metres downhole, extending the oxide lode by more than 50 metres to the southwest into previously untested ground. This shallow mineralisation is particularly encouraging given its accessibility and potential for near-term development.

Several new fresh rock gold lodes were also discovered at depth, including intercepts such as 4 metres at 2.92 g/t from 213 metres (FGRC047) and 4 metres at 3.05 g/t from 115 metres (FGRC037). These findings highlight the complex, multi-lode nature of the Forrest system and suggest meaningful upside remains to be unlocked.

Looking Ahead – Phase 4 and Regional Exploration

Ore Resources is poised to build on this momentum with a planned Phase 4 RC drilling campaign commencing in February 2026. The 3,000-metre program will focus on further oxide and fresh rock extensions at Forrest, targeting both strike and dip extensions along the currently identified 850-metre mineralised strike. The company emphasises that much of the system remains undertested, leaving room for significant expansion.

Beyond Forrest, a substantial regional exploration program is underway across the Miriam Project and broader Coolgardie tenure. This includes soil sampling, close-spaced ground gravity surveys, and an Aircore drilling campaign set to start in late March 2026. These efforts aim to identify new gold and lithium prospects, leveraging the region’s rich mining infrastructure and Ore’s strong funding position.

Financial and Strategic Position

Ore Resources enters 2026 well-funded, with a pro-forma cash balance of approximately A$10.69 million. This financial strength underpins the company’s aggressive exploration plans at both the Miriam and Randalls projects. Managing Director Nick Rathjen highlighted the company’s focus on delivering shareholder value through disciplined capital stewardship and exploration success.

While the true widths of mineralisation remain to be fully defined and geological understanding is evolving, the Phase 3 results reinforce the scale and growth potential of the Forrest gold system. The coming months will be critical as Ore Resources advances its drilling programs and integrates new data to refine resource models.