Ore Resources Expands Coolgardie Gold Project with Strategic New Tenure

Strategic Expansion in a Proven Gold Region

Ore Resources Ltd (ASX:OR3) has taken a significant step forward in its Coolgardie Gold and Lithium Project by acquiring four contiguous prospecting licenses that add 6.7 square kilometres of highly prospective ground. This acquisition pushes Ore’s total landholding in the Eastern Goldfields of Western Australia to over 80 square kilometres, reinforcing its position in one of the country’s most prolific gold regions.

The newly acquired tenure lies along the Kunanalling Shear Zone, a well-known structural corridor hosting gold mineralisation. Notably, it includes the Avoca Prospect, a mineralised trend approximately 300 metres in length, which has seen limited modern exploration despite historical drilling revealing several encouraging gold intercepts.

Promising Historical Drilling Data

A detailed review of historical exploration data has uncovered multiple mineralised gold trends within the new tenure. Among these, a standout intercept of 4 metres at 14.04 grams per tonne gold from 36 metres depth was recorded within a broader 44-metre zone averaging 1.84 grams per tonne. Other significant intercepts include intervals ranging from 1.47 to 2.13 grams per tonne over several metres.

Importantly, much of this mineralisation remains underexplored, with limited follow-up drilling conducted. The historical data suggests potential for both shallow oxide gold mineralisation and deeper primary lode systems, which Ore Resources intends to investigate thoroughly.

Proximity to Established Processing Infrastructure

The new licenses are strategically located near several operating gold processing plants, including the Three Mile Hill Processing Plant, Greenfields Mill, Mungari Mill, and Burbanks Gold Processing Facility, all within a 12-kilometre radius. This proximity offers Ore Resources logistical advantages and potential cost efficiencies in future development scenarios.

Planned Exploration and Funding Position

Ore Resources plans to commence a systematic exploration program at Avoca starting with compilation and resampling of geochemical data using the Ultra Fine Fraction method, alongside integration of geophysical datasets. Ground sampling activities such as soil sampling and ground gravity surveys are scheduled for early May 2026, with drilling targeted to begin in early Q3 2026 following heritage surveys.

The company is well funded to support these activities, holding a robust cash balance of A$10.7 million and zero debt as of 31 December 2025. The acquisition was completed for A$275,000 in cash plus the issue of shares subject to shareholder approval, alongside milestone payments contingent on drilling and resource milestones.

Outlook

With this acquisition, Ore Resources not only expands its footprint but also enhances its pipeline of exploration targets in a region with proven gold endowment. The upcoming exploration program will be closely watched by investors eager to see if the historical promise at Avoca translates into a new resource base.