Strategic location in the Murchison Gold District of WA
Advanced gold exploration asset located near operating mills
Located adjacent to the +3.5Moz Mt Magnet gold mine
Extensive gold system defined, with significant results highlighting shallow, open pit potential
Previously a non-core asset held by Genesis Minerals in JV
Ordell holds an 80.3% interest in the project
Gold system at Barimaia hosted within granodiorite intrusion
Similar geology to Ramelius’ 1.3Moz Eridanus deposit
Eridanus Deposit – 24Mt @ 1.7g/t Au (1.3Moz), plus an additional +300,000oz mined from open pit (source: RMS ASX release, 1 October 2025)
McNabs Prospects occur under 10m of transported cover
Barimaia granodiorite intrusion, the primary geological target for exploration, is over 7km long
Scale of exploration opportunity enhanced
Ordell is progressing a two-pronged strategy focused on:
Fast-tracking a potential near-term mine development opportunity at Barimaia underpinned by a maiden Mineral Resource Estimate (MRE) targeted for Q4 2026; and
Growing the overall scale of the Barimaia gold system through continued extensional and discovery drilling.
~14,000m drilling program underway to accelerate the project towards potential development, comprising:
~10,000m of in-fill Reverse Circulation (RC) drilling at McNabs East Main Zone and Northern Zone to support the maiden MRE; and
~4,000m of air-core drilling targeting the discovery of new felsic intrusions along the Barimaia mineralised intrusive system
McNabs East
Focus on McNabs East – now over an interpreted strike extent of more than 1000m
Significant gold mineralisation returned including:
2m @ 92.20g/t Au from 60m including 1m @ 182.3g/t Au
22.7m @ 4.09g/t Au from 71.3m
4.6m @ 19.60g/t Au from 177m
15m @ 4.41g/t Au from 65m including 2m @ 26.60g/t Au
29m @ 2.52g/t Au from 81m
25m @ 2.43g/t Au from 175m including 0.3m @ 109.9g/t Au
2m @ 23.66g/t Au from 79m
8m @ 7.27g/t Au from 34m
19m @ 2.29g/t Au from 53m
22.80m @ 1.78g/t Au from 62.2m
10m @ 4.24g/t Au from 44m
Exploration – August to September 2026 ~14,000m
McNabs East Main Zone: RC drilling to take drill spacing to 25m section spacing x 20m hole spacing along section to ~90m vertical over 350m of strike between 585,365E and 585,715E. The objective of the drilling is to confirm continuity of mineralisation, particularly higher-grade zones identified to date, prior to the planned MRE.
McNabs East Northern Zone: RC drilling to take drill spacing to 40m section spacing x 40m/20m hole spacing along section to ~60m vertical over 835m of strike between 585,765E and 586,600E to confirm continuity of gold mineralisation prior to the planned MRE.
Aircore North, South and East: Completion of systematic aircore drilling to follow up aircore-generated gold and multielement geochemical anomalies with the objective of identifying new prospective intrusions.
P58/2051 High Grade Quartz Vein: First pass drill testing of quartz vein identified at surface returning rock chips up to 44g/t Au.
In-fill Reverse Circulation (RC) drilling program (122 holes for 8,625m) completed at McNabs East over 1,400m of strike.
Strong zones of gold mineralisation intersected in the first 11 holes reported, with key results including:
32m @ 1.65g/t Au from 31m (26BARC329)
19m @ 2.70g/t Au from 40m (26BARC330)
25m @ 1.89g/t Au from 16m (26BARC328) including 1m @ 26.67g/t Au from 20m
22m @ 1.91g/t Au from 52m (26BARC340)
27m @ 1.78g/t Au from 70m (26BARC341)
Drilling at McNabs East Main Zone continues to delineate a shallow, robust zone of gold mineralisation which starts ~10m below surface and remains open.
Recent extensional drilling at the McNabs East Main Zone has intersected significant gold mineralisation down-plunge to the east, with results including:
17.4m @ 1.49g/t Au from 220.3m (26BADD044)
This result confirms that the McNabs East Main Zone is continuing to grow and remains open, providing a significant target for further drilling.
