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Company News
Orminex takes advantage of prevailing gold price with Comet Vale’s second major pour
Orminex (ASX: ONX) has delivered its second major gold pour from its 51%-owned Comet Vale mine in Western Australia’s goldfields, with this latest pour generating 1,940 ounces of gold. The gold was extracted from 15,480t of ore that had been mined from the Kings Bounty underground deposit. Mined ore was then processed at the Lakewood […]
Empire Resources sells Penny’s Find gold mine to Orminex
Junior gold explorer Empire Resources (ASX: ERL) has agreed to sell its flagship Penny’s Find gold mine in Western Australia to fellow goldfields operator Orminex (ASX: ONX) for $600,000. The two companies emerged from a trading halt this morning to reveal they have entered into a binding term sheet, under which Orminex will acquire 100% […]
Orminex pours first gold at Comet Vale
Orminex (ASX: ONX) has announced a first gold pour of 202 ounces from its 51%-owned Comet Vale project in Western Australia’s goldfields region. The milestone comes less than four months after the $87 million market cap company listed on the Australian Stock Exchange and just three months after it fast-tracked the commencement of operations at […]
Golden mining news for Orminex at Comet Vale in Western Australia
Gold explorer Orminex (ASX: ONX) is now officially a gold miner after the company said it is commencing gold mining operations at its Comet Vale project in Kalgoorlie, Western Australia. The Comet Vale gold project hosts a JORC-compliant indicated and inferred mineral resource of 750,000 tonnes at 8.4g/t for a contained 203,100 ounces of gold. […]
Orminex tops up cash and collars Wyllie as cornerstone investor
Junior gold explorer Orminex (ASX: ONX) was one of today’s biggest ASX gainers after it announced it had collared Wyllie Group as its cornerstone investor and completed a heavily oversubscribed A$7 million capital raising to fund exploration and development at its two Western Australian gold projects. The newly formed mining investment company hit an intraday […]
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