Barimaia Gold Project

Project Highlights

• Strategic location in the Murchison Gold District of WA
• Immediately SE of Ramelius’ Mt Magnet Gold Mine
• Opportunity to assess a drill ready ground package in close proximity to several producing gold mines
• Extensive gold system defined with limited drill testing
• Ordell has acquired Genesis Minerals Limited’s (ASX: GMD) 80.2% interest in the Barimaia Project by acquisition of 100% of Metallo Minerals Pty Ltd
• Genesis commenced the project in 2017 following the acquisition of Metallo
• Exploration by Genesis of Barimaia was limited as a result of the focus on the Ulysses Project near Leonora
• Ordell’s objective is to define significant shallow (<100m) gold resources
• Extensive gold system defined associated with felsic intrusion host rocks within mafic-ultramafic stratigraphy
• East-west orientation of the stratigraphy confirmed by Genesis drilling and interpretation in 2018
• No modern exploration until post 2010
• The McNabs Prospects are under up to 10m of transported cover
• 2021 AC drilling extended the ENE trending Au anomalous corridor a further ~900m to the east
• 2024/2025 drill testing over 3.5km of strike

Ordell Minerals 2025 drill testing

• Significant assay results received from recent, limited (426m) diamond drilling program at the McNabs East Prospect, part of the Barimaia Gold Project in Western Australia, including:
  • 24BADD004: 22.70m @ 4.09g/t Au from 71.3m
    Including 1.0m @ 36.00/t Au from 76.0m
  • 24BADD003: 22.80m @ 1.78g/t Au from 62.2m
  • 24BADD007: 12.00m @ 1.85g/t Au from 152.0m
    Including 5.78m @ 3.36g/t Au from 158.2m
  • 24BADD004: 6.35m @ 1.64g/t Au from 28.5m
  • 24BADD007: 20.40m @ 0.55g/t Au from 98.6m
  • 24BADD006: 5.10m @ 1.66g/t Au from 87.0m
• Extensive zone of gold mineralisation now defined at shallow depths on the western side of McNabs East and remains open along strike and untested at depth.
• High-grade gold mineralisation strikes in an ENE orientation, plunging shallowly to the east.
• Diamond drilling completed to obtain structural and lithological data at McNabs East, which will be used to target an ~5,000 metre extensional and in-fill RC drilling at Barimaia, commencing in February 2025.

See announcement (PDF): High-Grade Gold Returned in First Diamond Drill Program at Barimaia Gold Project, WA

Ordell Minerals 2024 drill testing

Ordell conducted a maiden, wide spaced drilling program at its Barimaia Gold Project during August 2024, and Phase two drill program in early November 2024. These drill phases are part of a program to systematically test the currently defined 2.5km strike extent of gold mineralisation.

Ordell’s exploration at Barimaia is targeting new discoveries of a similar style to the Eridanus deposit, which forms part of Ramelius Resources’ (ASX: RMS) Mount Magnet gold mining operations.

Phase one drilling confirmed shallow zones of gold mineralisation at Barimaia Gold Project, with McNabs East shows strong similarities to the geology at Ramelius Resources’ nearby Eridanus deposit. Results from Phase 2 drilling confirm McNabs East as a high-priority target for follow-up exploration, with diamond drilling to commence late November 2024.

Highlights from the phase two drill program include:

• Significant results received from the second phase of shallow Reverse Circulation (RC) drilling at the McNabs East Prospect at the Barimaia Gold Project in Western Australia, including:
  • 29m @ 2.52g/t Au from 81m 24BARC083
    Including 1m @ 47.5g/t Au from 107m (visible gold present)
  • 4m @ 9.62g/t Au from 59m 24BARC102
    Including 1m @ 32.7g/t Au from 60m
  • 25m @ 1.50g/t Au from 56m 24BARC087
  • 5m @ 4.61g/t Au from 61m 24BARC104
    Including 1m @ 19.6g/t Au from 64m
  • 16m @ 1.23g/t Au from 5m 24BARC103
  • 15m @ 1.24g/t Au from 30m 24BARC079
  • 2m @ 6.62g/t Au from 42m 24BARC097
  • 7m @ 1.69g/t Au from 73m 24BARC079
• Extensive zone of gold mineralisation now defined at McNabs East at shallow depths (typically <80m vertical) over a strike length of +1,000m and remains open along strike and untested at depth.
• The recent shallow drilling at McNabs East was completed on ~100m-spaced sections to continue the first-pass test of the Barimaia felsic intrusion.
• Primary mineralisation in the McNabs East area is associated with an interpreted granodiorite intrusion, strongly supporting the potential for Eridanus-style deposits at Barimaia.
• Diamond drilling planned for November to obtain structural and lithological data at McNabs East, which will be followed by extensional and in-fill RC drilling in the March 2025 Quarter.

See announcement (PDF): Shallow, High-Grade Gold Mineralisation Intersected at Barimaia Gold Project

Highlights from the Maiden drill program include:

• Significant results received from shallow Reverse Circulation (RC) drilling at the Barimaia Gold Project including:
  • 21m @ 1.60g/t Au from 62m 24BARC056
  • 36m @ 0.85g/t Au from 50m 24BARC057
  • 5m @ 4.49g/t Au from 21m 24BARC060
    Including 2m @ 9.06g/t Au from 23m
  • 14m @ 1.67g/t Au from 25m 24BARC053
  • 10m @ 2.06g/t Au from 11m 24BARC066
  • 27m @ 0.70g/t Au from 77m 24BARC053
    Including 11m @ 1.20g/t Au from 77m
  • 11m @ 1.38g/t Au from 20m 24BARC065
  • 7m @ 2.05g/t Au from 97m 24BARC050
  • 7m @ 1.29g/t Au from 114m 24BARC063
  • 6m @ 1.21g/t Au from 116m 24BARC055
  • 5m @ 1.01g/t Au from 45m 24BARC061
  • 7m @ 1.16g/t Au from 77m 24BARC061
  • 1m @ 7.16g/t Au from 46m 24BARC070
• Drilling was completed at very wide spacing of 200m to 500m to provide a first-pass test along the interpreted strike of the felsic intrusion.
• Primary mineralisation in the McNabs East area is associated with an interpreted granodiorite intrusion, strongly supporting the potential for Eridanus-style deposits at Barimaia.

See announcement (PDF): Drilling confirms shallow zones of gold mineralisation at Barimaia Gold Project, WA