Orange Minerals NL has reported spectacular silver grades from rock chips at its Lennon’s Find project in Western Australia and completed a deep diamond drillhole targeting a key mineral feeder zone. The company also raised A$3.18 million to fund exploration in Australia and Ghana.
- Bonanza-grade silver rock chips up to 2,948 g/t Ag at Lennon’s Find
- 615m diamond drillhole completed targeting deep feeder zone with visual sulphide intercepts
- A$3.18 million placement secured including A$1 million from Ghanaian cornerstone investors
- Exploration activities planned across Australia and Ghana’s Tepa Gold Project
- Cash balance of A$985k at quarter end with ongoing portfolio reviews
Bonanza Silver Grades Spark Excitement at Lennon’s Find
Orange Minerals NL (ASX – OMX) has delivered a promising update from its Lennon’s Find project in Western Australia’s Pilbara region, reporting rock chip samples with extraordinary silver grades reaching up to 2,948 grams per tonne. These bonanza-grade results, collected in October 2025, highlight the potential for significant precious metal mineralisation along a 4.5-kilometre mineralised corridor.
Following this, the company completed a 615-metre diamond drillhole in December, co-funded by the Western Australian Government’s Exploration Incentive Scheme. The hole targeted a deep induced polarisation anomaly interpreted as a potential feeder zone to the known zinc-lead-silver mineralisation. Visual logging revealed a 25-metre intercept of semi-massive sulphides including chalcopyrite, sphalerite, and galena, minerals associated with copper, zinc, and lead respectively. While laboratory assays are pending, these visual observations are encouraging signs of a robust polymetallic system.
Strategic Capital Raise Fuels Dual-Country Exploration
To support its ambitious exploration plans, Orange Minerals successfully raised A$3.18 million through a placement at $0.09 per share, a slight premium to the recent trading price. Notably, the raise attracted a A$1 million cornerstone investment from a Ghanaian investor group, alongside a combined A$1.09 million commitment from company directors, signalling strong insider confidence.
The funds will underpin ongoing drilling at Lennon’s Find and accelerate exploration activities at the Tepa Gold Project in Ghana’s prolific Bibiani Gold Field. The Tepa acquisition, approved by shareholders mid-2025, positions Orange Minerals to tap into one of West Africa’s most promising gold districts, with licences covering 166 square kilometres along strike from major deposits.
Broader Portfolio and Financial Position
Beyond these flagship projects, Orange Minerals maintains a diversified portfolio across Australia’s Lachlan Fold Belt in New South Wales and multiple regions in Western Australia, including the Eastern Goldfields and Murchison. The company is conducting technical reviews to prioritise future work programs based on recent results and available funding.
At the end of December 2025, Orange Minerals held a cash balance of A$985,000. The company’s prudent capital management and recent placement provide a runway for at least two more quarters of exploration activity, with shareholder approvals pending for related party placements and attaching options.
As assay results from the recent drilling are awaited, the market will be watching closely to see if the visual sulphide intercepts translate into economically significant mineralisation. Meanwhile, the Ghanaian cornerstone investment adds a new dimension to Orange Minerals’ growth story, potentially unlocking further opportunities in West Africa.
Bottom Line?
With bonanza silver grades and fresh capital in hand, Orange Minerals is poised for a pivotal exploration phase across two continents.
Questions in the middle?
- Will the pending assay results confirm the economic potential of the deep feeder zone at Lennon’s Find?
- How will the Ghanaian cornerstone investment influence Orange Minerals’ strategic direction in West Africa?
- What are the timelines and expected milestones for exploration activities at the Tepa Gold Project?