Exploration licenses granted in Western Australia

Orange Minerals NL (ASX:OMX) has been granted five exploration licenses for its Mulga Rock Project in Western Australia. The licenses cover 675 square kilometers. The project is adjacent to Deep Yellow's Mulga Rock, known for uranium resources. The area is prospective for uranium and rare earth elements.

Overview and future outlook

Orange Minerals NL has made significant progress by securing five exploration licenses at the Mulga Rock Project in Western Australia, covering an area of 675 square kilometers. This strategic move aligns with the company's focus on exploring uranium and rare earth element deposits. The company is actively compiling historical data to guide exploration and is awaiting the grant of an additional tenement. Despite the forfeiture of eight licenses at its Majestic Project, which are considered non-critical, Orange Minerals is exploring legal options. The company remains committed to advancing its projects in Western Australia and New South Wales, focusing on substantial exploration potential.

Executive commentary on recent developments

The company is pleased with the progress in securing these exploration licenses, which represent a significant step forward in our strategic objectives. The Mulga Rock Project area holds considerable promise, and we are excited about the potential for discovering uranium and rare earth element deposits.