Barimaia JV

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 JV in 2017 following the acquisition of Metallo
• Exploration by Genesis during time of Barimaia JV 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 drill testing over 3.5km of strike

Ordell Minerals 2024 drill testing

Ordell conducted a maiden, wide spaced drilling program at its Barimaia Gold Project during August 2024, as the first stage of a larger 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.

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.

Highlights from this 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