Ore Resources Completes Miriam Tenure Consolidation Unlocking New Gold Targets

Contiguous Landholding Secured at Miriam Gold Project

Ore Resources Ltd (ASX:OR3) has completed a crucial step in its Coolgardie Gold Projects strategy by acquiring six tenements that consolidate its Miriam Gold Project tenure into a single, contiguous block. The package comprises four granted mining leases and two prospecting licence applications, covering 44.55 hectares adjacent to the company’s existing landholdings in Western Australia’s Eastern Goldfields.

This consolidation unlocks significant exploration upside along the 6.2-kilometre Miriam Shear Zone, a known corridor of gold mineralisation. The acquisition notably includes ground immediately east of the Forrest prospect, Ore’s flagship discovery at Miriam, enabling step-out drilling to test extensions of the emerging multi-lode gold system.

Promising Historical Gold Mineralisation at Devils Playground

One of the newly acquired mining leases, M15/1255, hosts the Devils Playground prospect, where historical drilling identified a 300-metre mineralised trend on the eastern flank of the Miriam Shear. Though limited and dated, the drilling revealed intercepts such as 12 metres at 1.9 grams per tonne gold from 47 metres depth and 9 metres at 0.95 grams per tonne from 73 metres.

These results, while modest, provide a compelling target for modern exploration methods. Ore Resources plans to leverage these indications with follow-up drilling and geophysical surveys, aiming to delineate parallel lodes and structural linkages within the expanded tenure.

Northern Prospects and Licence Applications Expand Regional Pipeline

Further north, the acquisition includes mining leases covering underexplored prospects such as Bell Bird, Tartan, Burbanks Welcome, and Aurifer. None of these have seen modern exploration, presenting fresh opportunities to uncover new gold zones within the Miriam project footprint.

Additionally, two prospecting licence applications have been secured, including a special prospecting licence allowing surface gold exploration to 50 metres depth. One licence lies contiguous to Maritana Minerals’ Burbanks deposit, which boasts a 466,000-ounce resource at 2.4 grams per tonne gold, potentially enhancing regional synergies.

Well-Funded to Advance Exploration and Drilling

The acquisition was settled with A$300,000 in cash and A$200,000 in Ore shares issued at a price based on the recent five-day volume-weighted average. Ore Resources enters this next phase with a strong balance sheet, boasting A$6.8 million in cash and zero debt as of 30 June 2026, underpinning its capacity to advance exploration across its Coolgardie portfolio.

Exploration activities on the new tenure will commence following heritage surveys and regulatory approvals, complementing ongoing drilling programs planned for later in 2026. This expanded landholding offers a robust pipeline of targets that could materially enhance Ore’s resource base if exploration success is realised.