Orange Minerals NL (ASX:OMX) conducted a field mapping program after recently securing land access agreements at its Calarie gold project in New South Wales, according to a Wednesday Australian bourse filing.
The land access agreements allowed for exploration to begin over the Bald Hill, the Mary's Dream or Toss a Penny, McMillans, and Nibblers Hill prospects, the filing said.
The firm plans to conduct detailed drone-based magnetic surveys over the Mary's Dream and Nibblers Hill prospects to better delineate key structural trends, and further drilling will be considered following the completion of the targeting review at the project.
The firm is also proposing the issue of shares worth AU$78,000 to its proposed director Nadia Abdul-Aziz on the same terms as the recent placement, at an issue price of AU$ 0.03 per share, together with a 1:1 free attaching option, subject to shareholder approval.
Its shares rose 6% in recent trading on Wednesday.
Price (AUD): $0.03, Change: $+0.0020, Percent Change: +6.25%
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