Orange Minerals Holds 1.55Mt Resource at Lennon’s Find, Nears Tepa Gold Acquisition

• Dual focus on Tepa Gold Project (Ghana) and Lennon’s Find Project (WA)
• 1.55Mt inferred resource at Lennon’s Find with ongoing drilling
• Tepa project acquisition nearing completion amid strong regional gold production
• Recent A$3.18 million capital raise supports exploration activities
• Experienced board with significant insider ownership aligned with shareholders

Dual Proven Mineral Belts

Orange Minerals NL (ASX – OMX) is positioning itself at the intersection of two highly prospective mineral provinces, leveraging established mining districts in Ghana and Western Australia. The company’s strategy centres on the Tepa Gold Project in Ghana’s prolific Sefwi Gold Belt and the Lennon’s Find Project in the Pilbara region of Western Australia, each offering distinct but complementary exposure to gold and base metals respectively.

The Tepa Gold Project lies within a multi-million-ounce gold district, just 40 kilometres southeast of Newmont’s Ahafo Gold Mine, which has produced over 8 million ounces of gold since 2006. The project is also along strike from Asante Gold’s Bibiani and Chirano mines, which collectively hold several million ounces of gold resources. Ghana’s stable governance and mining-friendly environment further enhance the project’s appeal, providing a proven pathway from exploration to production.

Lennon’s Find – A Base Metals Hotspot

In Western Australia, the Lennon’s Find Project is situated in a recognised volcanic massive sulphide (VMS) mineralised corridor stretching 4.5 kilometres, hosting five known deposits with an inferred mineral resource of 1.55 million tonnes grading 5.9% zinc, 0.2% copper, 1.6% lead, alongside gold and silver credits. Recent drilling and geophysical surveys, including a 650-metre diamond drill hole and induced polarisation studies, aim to test a deep chargeability anomaly interpreted as a feeder zone to the mineralisation. These activities are supported by a government grant, underscoring the project’s technical and economic potential.

Capital and Corporate Strength

Orange Minerals recently completed a successful capital raise of A$3.18 million, providing the financial runway to advance exploration and development activities at both projects. The company’s board combines deep experience in mining finance, corporate governance, and regional expertise, with significant insider ownership; about 25% held by directors; signalling strong alignment with shareholder interests.

Importantly, the Tepa Gold Project acquisition is in its final stages, with ownership transfer expected shortly. This milestone will enable Orange Minerals to commence on-ground exploration, including soil sampling and targeted drilling, to follow up on historical anomalous gold values that have yet to be systematically tested with modern techniques.

Strategic Outlook and Near-Term Catalysts

The company’s near-term news flow is anchored by expected assay results from the Lennon’s Find diamond drilling program and the completion of the Tepa project ownership transfer. These catalysts could validate the geological models and resource potential, setting the stage for further capital raising or joint ventures. Orange Minerals’ dual-asset approach offers investors diversified exposure to both gold and base metals in tier-one jurisdictions, supported by a clear strategy to focus capital on projects with tangible near-term milestones while preserving optionality in secondary assets.

Bottom Line?

With drilling results and ownership milestones imminent, Orange Minerals is poised to unlock value from two promising mineral belts.

Questions in the middle?

• What will the upcoming assay results from Lennon’s Find reveal about the deeper feeder zone?
• How soon will the Tepa Gold Project ownership transfer be completed and exploration commence?
• What are the company’s plans for advancing secondary assets beyond the dual focus projects?