Wedoany.com Report on Feb 5th, Australian mining company Ore Resources recently announced the successful consolidation of a large land package in the Mount Monger gold district of Western Australia. The company acquired 43 square kilometers of tenements through 29 licenses and merged them with the Randalls gold project to form the new Kal East Gold Project. This project covers a total area of 740.5 square kilometers, adjacent to Vault Minerals' Mount Monger operations which host a gold resource of 3.8 million ounces, and is within a 40-kilometer radius of multiple gold processing plants.
The newly acquired tenement area contains multiple drill-ready exploration targets, specifically including Scotch Star, Kims, Rummy, Kess, and Three Emus. Historical drilling data shows significant results from these areas, for example, an intersection of 9 meters at 6.25 g/t gold from 9 meters depth, and 10 meters at 5.8 g/t gold from 61 meters depth.
Nick Rathjen, Managing Director and CEO of Ore Resources, stated: "This acquisition makes us one of the major landholders in the Eastern Goldfields. We plan to implement our proven, low-cost exploration strategy on these new tenements. Given the prospectivity of the Mount Monger tenements and their proximity to the Randalls project, we have decided to consolidate these two land packages into the newly defined Kal East Gold Project."
Rathjen added: "Exploration at Kal East will complement our planned 30,000-meter Phase 4 drilling program at the Coolgardie Gold Project, which remains the company's primary focus for 2026."
Currently, Ore Resources has secured approximately 80% of the new tenements, with 6 remaining applications still under approval, allowing the company to commence exploration activities immediately. The company plans to first conduct a comprehensive review of all historical surface geochemical and geophysical data to identify areas of mineralization that have not been adequately explored.
Rathjen noted: "Detailed analysis of historical drilling results has identified five prospective gold targets, which represent multiple drill-ready opportunities. Among these, the Kims prospect lies directly on the Daisy-Milano corridor and gold trend, making it a high-priority target for subsequent testing."
The company stated that compilation of all existing magnetic geophysical and surface geochemical data is about to begin, with initial drilling expected in the first half of 2026. Ore Resources is in a strong financial position, with a cash balance of $10.7 million as of the end of last year, sufficient to support its exploration plans.
