Orange Minerals NL (ASX: $OMX) Quarterly Report Highlights

Orange Minerals NL (ASX: $OMX) is pleased to present its Quarterly Report for the three-month period ended 31 March 2024. The company reported a cash balance of $1.31 million and an investment in ASX listed Godolphin Resources Limited (ASX: $GRL) valued at $0.25 million as of 31 March 2024. The report outlines the completion of the maiden drill programme at the Eastern Goldfields Projects, with gold intersected in all RC drill holes. Additionally, the company applied for six exploration licenses close to the Mulga Rock Uranium Project in WA and initiated negotiations for a Heritage Agreement over Lennon's Find.

Executive Commentary

The completion of the maiden drill programme at the Eastern Goldfields Projects marks a significant milestone for Orange Minerals. The positive results of gold intersected in all RC drill holes demonstrate the potential for valuable discoveries in the Lachlan Fold Belt of NSW and the Eastern Goldfields and Pilbara of WA. The initiation of negotiations for a Heritage Agreement over Lennon's Find reflects our commitment to responsible and sustainable exploration practices. We are optimistic about the opportunities presented by the untested exploration targets at Lennon's Find and the potential for significant orebody discoveries. The company's strategic focus on high-value tenements and the proactive approach to exploration programs position us for future success in the mining sector.

Quarterly Report Summary

Orange Minerals (ASX: $OMX) reported a cash balance of $1.31 million and an investment in Godolphin Resources Limited (ASX: $GRL) valued at $0.25 million as of 31 March 2024. The completion of the maiden drill programme at the Eastern Goldfields Projects resulted in gold intersected in all RC drill holes, indicating the potential for significant orebody discoveries in the Lachlan Fold Belt of NSW and the Eastern Goldfields and Pilbara of WA. The company's proactive approach to exploration programs, including the application for six exploration licenses close to the Mulga Rock Uranium Project, demonstrates its commitment to identifying high-value tenements. Orange Minerals remains optimistic about the untested exploration targets at Lennon's Find and the potential for valuable discoveries, positioning the company for future success in the mining sector.