Ore Resources Initiates 3,000m RC Drilling at Coolgardie Lithium Projects
Ore Resources has launched a 3,000m RC drilling program at its Coolgardie lithium projects in Western Australia, aiming to expand existing mineralised areas. The initiative responds to rising lithium demand and higher spodumene prices, positioning the company for growth in a tightening supply market.
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Ore Resources (ASX: OR3) has begun a 3,000m reverse circulation (RC) drilling program at its Coolgardie lithium projects in Western Australia. The focus is on extending the mineralised footprint at Kangaroo Hills and the Big Red pegmatite system.
Previous drilling has indicated a mineralised system extending approximately 900m, remaining open in multiple directions. Assay results from this drilling program are expected in June 2026, with implications for project advancement and potential value uplift. The current market conditions favor the development of lithium assets due to increasing demand from electric vehicles and renewable energy sectors, which could enhance Ore's strategic position.
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