Orange Minerals NL


Primary ticker: ASX:OMX
Stage of development: Exploration
Primary minerals: Gold, Battery Metals
Project to promote: Calarie, Wisemans Creek, Majestic
Project location: Australia

Orange Resources NL is an exploration company listed on the ASX (ASX: OMX) with Australian-based projects in the Lachlan Fold Belt (LFB) of NSW and Eastern Gold Fields of WA, both world-class mineral provinces. The LFB of NSW hosts major mines including Cadia/Ridgeway, North Parkes and Lake Cowal and the tenements in the Eastern Goldfields of WA are close to the Daisy Milano gold mine and Black Cat Resources Majestic Project. The Orange Minerals exploration team plan to rapidly explore its tenement packages with aggressive exploration programs at its key properties. The company is currently focusing on the Calarie and Wisemans Creek Projects in NSW, and the Majestic/Kurnalpi tenements in WA.

AUD$5.19M (30 June 2022)
Debt: NIL

Major shareholders:

St Barnabas Investments – 22.2%
Mining Investments Australia Pty Ltd-5.95%
Redland Plains Pty Ltd-3.52%
Hongkong Ausino Investment Ltd- 2.97%
Godolphin Tenements Pty Ltd- 2.5%
Management ownership – 4.71%

Management Profile

David Greenwood – Managing Director
David Greenwood has more than 30 years broad experience in the resources industry across a range of commodities. David was educated in the UK and has worked internationally in the resources industry in exploration, production, marketing, business development and investment analysis. David’s last major role was as CEO of ASX listed Godolphin Resources Ltd. He has held Board positions with junior resource companies, including President (CEO) of Goldminco Corporation, a previously listed Canadian exploration company with assets in the Lachlan Fold Belt, NSW. David has an in-depth knowledge of project evaluation and financing from exploration through to development, in addition to minerals marketing and investor relations.

What is your rationale for taking part 121 Mining Investment?

Orange Minerals NL listed in December 2021 and the key rationale for attending the 121 conference is to promote the company, its projects and improve visibility within the investor community.

What recent news would you like to highlight to investors attending?

Excellent drill results at Calarie-4th April 2022
Completion of Wisemans Creek & Ophir gold acquisition-3 June 2022
OMX makes strategic Investment in GRL-10th August 2022
Excellent gold assays at Wisemans Creek- 29th August 2022

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

Complete Phase 2 drilling program at Calarie, NSW. Process assay results from Calarie drilling. Preparation for Phase 2 drilling at Wisemans Creek, NSW.

6 Months:

Phase 2 drilling at Wisemans Creek. Maiden Resource calculation for Calarie.

12 Months:

Preparation for & implementation of a Phase 1 drilling programme at Majestic Project WA.
Geophysical survey at Calarie. Phase 3 drilling at Calarie & Wisemans Creek.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

No specific key risks other than exploration is a high risk/ high reward activity

What do you think makes your company such a compelling investment?

Very low enterprise value of OMX does not reflect the assets held by the company

What are the top 3 key investor takeaways?

Excellent projects with significant upside in a very favorable geological province, experienced management team, strong balance sheet.