Ore Resources Expands Drilling and Studies at Coolgardie Lithium Projects

Diamond Drilling Targets Metallurgical Insights at Kangaroo Hills

Ore Resources Ltd (ASX:OR3) has kicked off diamond drilling at its Kangaroo Hills Lithium Project, marking a significant step beyond the successful May 2026 reverse circulation (RC) programme. The diamond core drilling aims to collect metallurgical and geotechnical samples, feeding into key economic studies that will assess the viability of export Direct Shipped Ore (DSO) or domestic sales. These studies are slated for completion in the second half of 2026, underpinning potential commercialisation pathways.

Expanded RC Drilling to Test Extensions and New Targets

Building on May’s encouraging results, Ore Resources plans a 3,000m RC drilling campaign starting July 2026. This programme will focus on extending known lithium mineralisation at the Big Red and Potoroo pegmatites, both of which demonstrated strong continuity and high-grade intercepts such as 34m at 1.11% Li2O at Big Red. Additionally, the campaign will initiate first-pass drilling at the greenfields Miriam Lithium Project, which remains untested by drilling despite showing large surface lithium anomalies and multiple pegmatite targets identified through geochemical and magnetic surveys.

The company interprets mineralisation at Big Red to extend northeast and remains open, while Potoroo continues to show potential along a north-south trending corridor. This expanded drilling effort aims to refine geological controls and unlock regional-scale growth opportunities within the Kangaroo Hills tenure. Assay results from these programmes are expected from late August 2026.

Strategic Appointment to Accelerate Environmental Approvals

To support the ramp-up in exploration and development activities, Ore Resources has appointed Alan Tandy as Environmental & Approvals Manager, effective 20 July 2026. Tandy brings over 20 years of experience navigating complex environmental permitting across multiple commodities. His recent roles include managing approvals at Meeka Metals and Bellevue Gold, where he helped fast-track projects from exploration to production. This appointment is intended to expedite permitting processes at both the Coolgardie Lithium and Gold Projects, a critical factor as Ore Resources advances its project pipeline.

Economic Studies and Ore Sorting Trials Progress

Parallel to drilling, Ore Resources is progressing economic evaluations to determine the best commercialisation routes for Kangaroo Hills ore, weighing export DSO against domestic sales options. Engagements with potential strategic partners are ongoing, reflecting growing industry interest amid improving lithium market conditions. The company is also exploring ore sorting technology at the Big Red pegmatite, using material from the diamond drilling programme to conduct trials and expanded metallurgical test work including flotation and comminution studies. These initiatives aim to optimise processing efficiency and project economics.

Robust Financial Position Supports Aggressive Exploration

Ore Resources enters this phase of intensified activity with a healthy balance sheet, reporting A$9.6 million in cash and zero debt as of 31 March 2026. This financial strength underpins the company’s ability to advance multiple lithium and gold exploration and development projects across Coolgardie and Kal East throughout 2026 and beyond. The combination of robust drilling results, advancing technical studies, and strategic management appointments positions Ore Resources to unlock further value from its Eastern Goldfields tenure.