New JORC Resource and Development Update for Majestic North
Filed with ASX · · 57 pages · English
Summary by 6ix AI
The updated Mineral Resource Estimate indicates a significant amount of contained gold, with a focus on shallow, oxide mineralization that is accessible for open-pit extraction. The company plans to conduct immediate drilling to explore additional high-grade mineralization and is progressing towards a development decision based on the updated resource. This announcement outlines the company's strategic steps, including pit optimization studies and environmental assessments, to advance the project.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from Orbminco
- Majestic North Interim Drilling Update and Capital Raising
- Trading Halt
- Quarterly Activities/Appendix 5B Cash Flow Report
- Majestic North Gold Project Drilling Confirms Mineralisation
- Proposed Consolidation of Capital
Later from Orbminco
- Majestic North Gold Project - Development Update
- Drilling to commence at Majestic North Gold Project
- Interim Drilling Update - Majestic North Gold Project
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