Orbminco (ASX:OB1) – July 2025 Investor Summary
Acquisition of the Majestic North Gold Project
Overview
Orbminco Limited is acquiring the Majestic North Gold Project, located 65km east-south-east of Kalgoorlie in WA’s prolific Eastern Goldfields. The project includes a JORC-compliant gold resource, existing mining lease, and strong exploration upside. This is a strategic move toward becoming a near-term gold producer.
Investment Highlights
Immediate Gold Inventory
Existing shallow gold resource at just $86/oz, significantly below industry average.
Mineralisation is shallow and accessible — suited to open-pit development.
Significant Exploration Upside
95% of historical drilling was to <40m depth — the primary gold source remains largely untested.
Potential to grow resource through deeper drilling, with multiple untested structural targets.
Over 670 historic drill holes (~37,000m) provide strong data foundation.
Strategic Positioning
In a Tier-1 jurisdiction (Kalgoorlie gold district), close to infrastructure and processing facilities.
Located just 2km from Black Cat Syndicate’s 515koz Majestic-Imperial Project.
Fast-Track to Production
Drilling commenced July 2025; Stage 2 to begin in September.
Resource update due Q4 2025; Mining studies in early 2026.
Production decision targeted for Q3 2026.
Exceptional Value Proposition
Fully funded acquisition ($3.4M total consideration).
Strong leverage to gold price and multiple near-term news flow catalysts.
Project Details: Majestic North
Tenure: 127 km² across 1 Mining Lease, 1 Exploration Licence, 14 Prospecting Licences.
Geology: Felsic volcanics of the Bulong Anticline, favourable for gold mineralisation.
Drill Targets: Both shallow supergene and deeper bedrock mineralisation.
Processing: Multiple toll treatment options nearby for low-CAPEX development.
Acquisition Terms
Total Cost: $3.4 million (AU$1M cash + AU$2.4M in OB1 shares at $0.001).
Production Royalty: $75/oz of gold produced.
Ownership: 100% of Fortify Mining Pty Ltd.
Value per Resource Ounce: ~$86/oz — significantly below typical market rates.
⛏️ Development Timeline
Period Milestone July 2025 Stage 1 drilling completed (3,000m aircore) Aug 2025 Assay results from Stage 1 Sep 2025 Stage 2 drilling (aircore + RC) Q4 2025 Updated JORC Resource Q1–Q2 2026 Mining studies: pit design, metallurgy Q3 2026 Final production decision Board and Management Strength
Ian Gordon (Chair): Ex-MD of Ramelius (ASX:RMS), Flinders Mines; ex-NED Dreadnought (ASX
RE).
David Richards (Director): Led major discoveries at Vera-Nancy and Kathleen Valley.
Ralf Kriege (MD): 20+ years in gold, copper, lithium; former CEO of Tambourah Metals.
A highly experienced leadership team with a track record of discovery and development success.
Other Projects
Orbminco maintains a diversified project portfolio across gold, copper, and lithium:
Bronze Fox (Mongolia, Cu/Au): Right to earn 100%.
Mt Cattlin (WA, Cu/Au): 100% owned.
Mt Short JV (WA, Lithium): Earning 70%.
This reduces risk concentration and provides multiple value pathways.
Capital Structure (as of June 30, 2025)
Share Price: $0.001
Shares on Issue: 3.4 billion
Market Capitalisation: ~$3.4 million
Net Cash: $0.8 million
Enterprise Value: ~$2.6 million
A low EV-to-asset ratio, offering potential for significant share price upside if milestones are achieved.
Summary Thesis
Orbminco’s acquisition of the Majestic North Gold Project represents a low-cost entry into an advanced WA gold asset with near-term development potential. The deal provides:
A fully permitted, shallow gold resource
High-impact drill programs already underway
Multiple near-term value catalysts
A credible team with proven success in discovery and development
This positions OB1 as a potential fast mover in WA’s gold space, especially if upcoming assays confirm resource upside.
*gpt4o
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