HIGH-GRADE GOLD INTERSECTED AT MCNABS EAST, BARIMAIA PROJECT

Ordell Minerals Reports Strong Diamond Drill Results, Further RC Drilling Planned for February

Ordell Minerals Limited (ASX:ORD) has announced significant assay results from its recently completed 426-metre diamond drilling program at the Barimaia Gold Project, located near Mount Magnet in Western Australia. The results confirm the McNabs East Prospect as a high-priority target for further exploration.

Key highlights from the drilling program include:

22.70m @ 4.09g/t Au from 71.3m, including 1.0m @ 36.00g/t Au from 76.0m (hole 24BADD004)
22.80m @ 1.78g/t Au from 62.2m (hole 24BADD003)
12.00m @ 1.85g/t Au from 152.0m, including 5.78m @ 3.36g/t Au from 158.2m (hole 24BADD007)
5.10m @ 1.66g/t Au from 87.0m (hole 24BADD006)
6.35m @ 1.64g/t Au from 28.5m (hole 24BADD004)

The drilling identified shallow gold mineralisation across the western side of McNabs East, with potential for further extensions. Mineralisation strikes in an ENE orientation, plunging shallowly to the east.

Results will guide a planned 5,000-metre RC drilling program starting in February to expand and infill mineralised zones. The company aims to define a potential shallow open pit resource at Barimaia.

Management Comment

Michael Fowler, Managing Director of Ordell Minerals, said:

This is a great way to start the New Year with assays showing that the limited diamond drilling completed in November and December last year has intersected broad zones of high-grade gold mineralisation, helping to confirm the orientation, lithologies and geometry of the significant mineralisation discovered on the western side of the McNabs East Prospect.

Further extensional and in-fill drilling will now commence at Barimaia in February to follow up the wide zones of shallow gold mineralisation intersected within the targeted felsic intrusion host rock. A program of ~5,000m of RC drilling is being finalised using information gained from the diamond drilling program.

A number of high-grade gold results have been returned from the three drill programs completed since we listed in July 2024 and they are all open at depth and along strike, showing the potential for shallow open pits at Barimaia. This is a very encouraging outcome which continues to support our view that Barimaia has the potential to create significant value for our shareholders as drilling advances this year.