Ora Gold (ASX:OAU) a forward-thinking gold explorer that presents a unique opportunity with shallow, high-grade Crown Prince gold deposit, and significant land package in the prolific Murchison goldfields. Ora Gold takes pride of its strategic alliance with established Australian gold producer Westgold Resources, which positions it as a noteworthy contender in the Western Australian gold exploration space.
As Ora Gold continues to navigate the path to production, its journey is one that astute investors will watch with keen interest.
Ora Gold’ strategic alliance and $6 million placement with Australian gold producer Westgold Resources provides a clear pathway to commercialising Crown Prince in a strong gold price environment, validates the quality of the deposit and enables Ora Gold to leverage Westgold’s internal resources, intellectual property and infrastructure to accelerate development.
Key Focus
- Crown Prince Drilling: Further delineating new high-grade mineralised zones at the north-eastern end of SEZ and Crown Prince East (350 metres from SEZ) and resource definition drilling along strike and below 100 metre vertical depth
- Crown Prince Resource: Updated Mineral Resource Estimate expected in September of 2024.
- Crown Prince Development: progress detailed technical programs, preliminary project development and mining proposal workstreams and agree on an ore purchase agreement and other strategic collaboration initiatives with Westgold
- Regional: Continue systematic regional exploration programs across Ora’s commanding 677 sq km tenure package
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