Ore Resources (ASX: OR3) has expanded high-grade gold mineralisation at its Forrest prospect through Phase 3 and Phase 4 drilling, while significantly growing its landholdings in the Eastern Goldfields. The company is well funded with A$9.6 million cash, preparing for a busy exploration season with assay results due in May.
- Phase 4 drilling confirms 90m down-dip extension at Forrest
- New gold anomalies extend Miriam corridor to 3.2km
- Acquisitions expand Kal East tenure to over 740km2
- Project Agreement signed with Marlinyu Ghoorlie traditional owners
- Strong cash position supports ongoing exploration
Forrest Prospect Drilling Unveils Significant Gold Extensions
Ore Resources (ASX:OR3) has delivered a landmark quarter at its Miriam Gold Project, with Phase 3 and Phase 4 drilling confirming substantial extensions to the high-grade gold system at the Forrest prospect. Notably, hole FGRC047 from Phase 3 extended mineralisation by over 50m and 90m down dip relative to earlier holes, returning 20m @ 2.27 g/t Au and 12m @ 1.23 g/t Au respectively, pushing the strike length to 850m.
Phase 4 drilling, comprising 23 RC holes and 6 diamond holes, further reinforced this growth with standout intercepts such as 25m @ 2.82 g/t Au including 5m @ 11.22 g/t Au in hole FGRC055, representing a 90m down-dip extension. Additional results showed continued strike and depth extensions, with mineralisation remaining open in multiple directions. The diamond drilling programme, designed to test structural controls and deeper zones, has been completed with assays expected in mid-May.
These results build on Ore’s earlier successes, confirming the Forrest gold system as a multi-lode, open-ended target with strong potential for resource growth, as detailed in recent updates including the Phase 4 drilling results and Forrest gold system extension.
Regional Exploration Expands Gold Targets and Tenure
Beyond Forrest, Ore has identified a broad 3.2km gold-anomalous corridor along the Miriam Shear Zone through expanded geochemical soil sampling, defining ten +50ppb gold-in-soil anomalies with strike lengths up to 850m. These anomalies align with structural faults, creating high-priority drill targets including Jungle, Forrest North, Burbanks Monarch, and Goroke.
Post-quarter, Ore commenced a 15,000m regional aircore drilling campaign targeting these prospects and the Burbanks East Gold Project. The Burbanks East area hosts a 2.7km gold trend adjacent to MacPhersons Reward Gold Mine (132koz @ 1.2 g/t Au), enhancing the exploration upside.
Ore also consolidated its Coolgardie footprint with the acquisition of the M15/11 mining lease at the Canyon Prospect and four contiguous prospecting licenses adding 6.7km2 of prospective ground, expanding total Coolgardie tenure to over 80km2. These acquisitions position Ore for systematic follow-up drilling of underexplored targets within a proven gold belt.
Strategic Expansion in Eastern Goldfields with Kal East Acquisitions
Ore Resources has significantly broadened its presence in the Eastern Goldfields through key acquisitions at the Kal East Gold Projects. The company now controls over 740.5km2 of tenure, including the Randalls Gold Project and the Mount Monger goldfields, both rich in historical gold intercepts and proximal to major operating mines and processing infrastructure.
At Randalls North, Ore identified nine broad litho-structural targets and five gold-in-soil anomalous zones, presenting multiple walk-up drill opportunities. The acquisition exercise included tenements from Miramar Resources Limited and Wilding Resources Pty Ltd, with milestone payments contingent on resource delineation.
The Mount Monger acquisition added 29 prospecting licenses covering 43km2 along the Daisy-Milano corridor, home to multiple small-scale and underground mines. Historical drill highlights include intercepts up to 9m @ 6.25 g/t Au at Kims and 10m @ 5.80 g/t Au at Scotch Star, underscoring the district’s potential. Ore plans to apply modern exploration techniques to unlock further value in this underexplored region.
Community Partnership and Financial Position Support Growth
Ore marked a significant milestone by executing a Project Agreement with the Marlinyu Ghoorlie people, traditional owners of the Coolgardie land. This agreement lays a foundation for cultural heritage protection and facilitates future mining lease approvals, strengthening community relations and enabling project advancement.
Financially, Ore remains well positioned with A$9.6 million cash and zero debt as at 31 March 2026, supporting its ambitious 2026 exploration programme. The company completed a A$7.5 million equity placement in December 2025, including director participation, ensuring capital adequacy for ongoing drilling and evaluation activities.
Looking ahead, Ore anticipates assay results from diamond drilling and regional aircore programs in May, alongside geophysical survey interpretations, all contributing to refining drill targets and advancing resource definition. The company’s expanding landholdings, robust funding, and strong community partnerships set the stage for a transformative year in the Eastern Goldfields.
Bottom Line?
Ore Resources is poised to unlock further gold potential with ongoing drilling results pending and a strengthened land and community position, but assay outcomes will be critical to confirm resource growth.
Questions in the middle?
- How will upcoming diamond drill assays reshape the Forrest resource model?
- What impact will the Marlinyu Ghoorlie agreement have on mining approvals and timelines?
- Can Ore’s expanded Kal East tenure deliver new discoveries to complement Coolgardie growth?