# OMX: Annual Report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146452 Publisher: asx Original announcement: 2026-09-30T06:48:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T07:22:46.099Z Atlas analysis updated: 2026-09-30T07:22:46.099Z - Company: Orange Minerals NL - Ticker: OMX - Exchange: ASX - Region: Unavailable - Primary commodity: Gold - Secondary commodities: Silver, Zinc, Lead, Copper - Document categories: Drill results, Agreement transaction, Capital raise - Extracted: 2026-09-30 07:22:46 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Orange Minerals NL's annual report highlights a strategic focus on its Lennon's Find polymetallic project in Western Australia and the Tepa Gold Project in Ghana. The company reported encouraging deep diamond drill results at Lennon's Find, confirming VMS-style mineralization and identifying new targets. Significant progress was made on the Tepa acquisition, and the company successfully completed capital raises totaling approximately $4.1 million. Despite these operational advancements, the company reported a loss for the year and received a going concern warning from its auditors. Reasoning: Orange Minerals NL has made strategic progress in advancing its core exploration projects, Lennon's Find and Tepa, supported by positive drill results, a key acquisition, and successful capital raises. However, financial performance shows a loss and a going concern warning, alongside asset impairments. - Positive factor: Successful deep diamond drilling at Lennon's Find confirmed VMS-style mineralization and extended the system down-dip, identifying new conductive targets. - Positive factor: Strong rock chip results at Lennon's Find indicate high-grade polymetallic mineralization. - Positive factor: Acquisition of the Tepa Gold Project in Ghana's proven Sefwi Gold Belt represents a significant strategic entry. - Positive factor: Successful capital raises strengthened the company's funding position for exploration activities. - Positive factor: Divestment of non-core assets allows for greater focus on high-priority projects. - Positive factor: Strengthening of the board and technical team with key appointments. - Negative factor: Auditors noted a material uncertainty regarding the company's ability to continue as a going concern. - Negative factor: The company reported a significant loss for the year. - Negative factor: Impairment of exploration and evaluation expenditure occurred for certain tenements. Low confidence — this extraction should be reviewed alongside the original source. - Rubric flag: Material Uncertainty Related to Going Concern — The auditor's report highlights a material uncertainty regarding the Group’s ability to continue as a going concern due to losses and cash outflows. Facts used in scoring: 19 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: Rock chip sample OLRS38 returned an exceptionally high silver grade of 2,948 g/t Ag, well above typical bonanza thresholds. Evidence · text > 2,948 g/t Ag, 3.55 g/t Au, 17.4% Pb \(OLRS38\) **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: Rock chip sample OLRS35 returned an exceptionally high lead grade of 22.4% Pb, indicating bonanza-grade mineralization. Evidence · text > 5.5 g/t Au & 22.4% Pb \(OLRS35\) **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Diamond drill hole OLFD001 extended the known mineralised system approximately 675 metres down dip. Evidence · text > The intersection extended the known mineralised system approximately 675 metres down dip, materially increasing Orange’s understanding of the scale and continuity of the geological system. **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: The document mentions 'detailed assay analysis' but does not disclose specific QA/QC procedures, certified labs, or QP/CP sign-off for the drill results. Evidence · text > Initial observations from the drill core identified sulphide mineralisation, including sphalerite, galena and chalcopyrite, prompting subsequent downhole electromagnetic surveying and detailed assay analysis. **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The Tepa Gold Project is positioned in Ghana’s Sefwi Gold Belt, an established gold district that hosts major operations including Bibiani and Chirano, leveraging proximity to known deposits. Evidence · text > At Tepa, we made meaningful progress in establishing Orange’s presence in Ghana’s Sefwi Gold Belt, an established gold district that hosts major operations including Bibiani and Chirano. **QP/CP Signed** Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The Directors' Report is signed by Mr John Campbell Smyth, Non-Executive Chairman, and Philip Tornatora, a P.Geo and AusIMM member, was appointed Technical Director. Evidence · text > On behalf of the directors Mr John Campbell Smyth Non-Executive Chairman 30 September 2026 Perth, Western Australia **JORC Compliant** Polarity: positive Story-specific tag Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: Performance rights for the Tepa acquisition are subject to achieving JORC 2012 compliant resource milestones. Evidence · text > Issue 30 million performance rights subject to the achievement of specified JORC-compliant resource milestones **Maiden Resource** Polarity: neutral Story-specific tag Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: Performance rights for the Tepa acquisition are tied to announcing a JORC 2012 compliant resource estimate of at least 1Moz Au, indicating a target for a maiden resource. Evidence · text > Upon the Buyer announcing a JORC 2012 compliant resource estimate in the inferred category \(or better\) of at least 1Moz Au at no less than 0.9g/t Au ## Extracted facts Stored fact records: 19. Some facts used in scoring do not have a stored record. ## Drill Results (19) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51#fact-drill-facts-0) Lennon's Find · silver #### Identity - Project: Lennon's Find - Commodity: silver - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: OMX #### Geometry - Grade: 2948 - Grade Unit: g/t #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A rock chip sample returned an exceptionally high silver grade, indicating bonanza-grade mineralization at Lennon's Find. - Positive factor: Exceptionally high silver grade from rock chip sample. Evidence · text > 2,948 g/t Ag, 3.55 g/t Au, 17.4% Pb \(OLRS38\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51#fact-drill-facts-1) Lennon's Find · gold #### Identity - Project: Lennon's Find - Commodity: gold - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: OMX #### Geometry - Grade: 3.55 - Grade Unit: g/t #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A rock chip sample returned a high gold grade, indicating significant gold mineralization at Lennon's Find. - Positive factor: High gold grade from rock chip sample. Evidence · text > 2,948 g/t Ag, 3.55 g/t Au, 17.4% Pb \(OLRS38\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51#fact-drill-facts-2) Lennon's Find · lead #### Identity - Project: Lennon's Find - Commodity: lead - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: OMX #### Geometry - Grade: 17.4 - Grade Unit: % #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A rock chip sample returned a very high lead grade, indicating strong polymetallic mineralization at Lennon's Find. - Positive factor: Very high lead grade from rock chip sample. Evidence · text > 2,948 g/t Ag, 3.55 g/t Au, 17.4% Pb \(OLRS38\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51#fact-drill-facts-3) Lennon's Find · silver #### Identity - Project: Lennon's Find - Commodity: silver - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: OMX #### Geometry - Grade: 746 - Grade Unit: g/t #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A rock chip sample returned a high silver grade, indicating significant silver mineralization at Lennon's Find. - Positive factor: High silver grade from rock chip sample. Evidence · text > 746 g/t Ag, 3.4% Cu \(OLRS22\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51#fact-drill-facts-4) Lennon's Find · copper #### Identity - Project: Lennon's Find - Commodity: copper - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: OMX #### Geometry - Grade: 3.4 - Grade Unit: % #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A rock chip sample returned a high copper grade, indicating significant copper mineralization at Lennon's Find. - Positive factor: High copper grade from rock chip sample. Evidence · text > 746 g/t Ag, 3.4% Cu \(OLRS22\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 6 [Link to this fact](https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51#fact-drill-facts-5) Lennon's Find · gold #### Identity - Project: Lennon's Find - Commodity: gold - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: OMX #### Geometry - Grade: 5.5 - Grade Unit: g/t #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A rock chip sample returned a very high gold grade, indicating strong gold mineralization at Lennon's Find. - Positive factor: Very high gold grade from rock chip sample. Evidence · text > 5.5 g/t Au & 22.4% Pb \(OLRS35\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 7 [Link to this fact](https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51#fact-drill-facts-6) Lennon's Find · lead #### Identity - Project: Lennon's Find - Commodity: lead - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: OMX #### Geometry - Grade: 22.4 - Grade Unit: % #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A rock chip sample returned an exceptionally high lead grade, indicating bonanza-grade polymetallic mineralization at Lennon's Find. - Positive factor: Exceptionally high lead grade from rock chip sample. Evidence · text > 5.5 g/t Au & 22.4% Pb \(OLRS35\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51#fact-drill-facts-7) Lennon's Find · silver #### Identity - Project: Lennon's Find - Commodity: silver - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: OMX #### Geometry - Grade: 583 - Grade Unit: g/t #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A rock chip sample returned a high silver grade, indicating significant silver mineralization at Lennon's Find. - Positive factor: High silver grade from rock chip sample. Evidence · text > 583 g/t Ag, 5.29% Cu & 5.70% Zn \(OLRS20\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 9 [Link to this fact](https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51#fact-drill-facts-8) Lennon's Find · copper #### Identity - Project: Lennon's Find - Commodity: copper - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: OMX #### Geometry - Grade: 5.29 - Grade Unit: % #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A rock chip sample returned a very high copper grade, indicating strong polymetallic mineralization at Lennon's Find. - Positive factor: Very high copper grade from rock chip sample. Evidence · text > 583 g/t Ag, 5.29% Cu & 5.70% Zn \(OLRS20\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 10 [Link to this fact](https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51#fact-drill-facts-9) Lennon's Find · zinc #### Identity - Project: Lennon's Find - Commodity: zinc - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: OMX #### Geometry - Grade: 5.7 - Grade Unit: % #### Classification - Sample Type: surface #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A rock chip sample returned a high zinc grade, indicating significant polymetallic mineralization at Lennon's Find. - Positive factor: High zinc grade from rock chip sample. Evidence · text > 583 g/t Ag, 5.29% Cu & 5.70% Zn \(OLRS20\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### OLFD001 [Link to this fact](https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51#fact-drill-facts-10) s Find #### Identity - Hole ID: OLFD001 - Project: s Find - Region: australia\_wa - Reported Region: australia\_wa - Ticker: OMX #### Geometry - Intercept: 675 m - Hole Depth: 615 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Deep diamond drilling successfully extended the VMS-style mineralised system at Lennon's Find significantly down dip, confirming continuity at depth. - Positive factor: Drilling extended the known mineralised system significantly down dip. - Positive factor: Confirmed continuation of VMS-style mineralisation at depth. - Negative factor: No specific grades reported for this extension in the text. Evidence · text > The intersection extended the known mineralised system approximately 675 metres down dip, materially increasing Orange’s understanding of the scale and continuity of the geological system. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### OLFD001 [Link to this fact](https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51#fact-drill-facts-11) s Find #### Identity - Hole ID: OLFD001 - Project: s Find - Region: australia\_wa - Reported Region: australia\_wa - Ticker: OMX #### Geometry - Hole Depth: 615 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The first deep diamond drill hole by the company at Lennon's Find was completed to test a deep geophysical anomaly. - Positive factor: First deep diamond drilling by the company at the project. - Positive factor: Targeted a deep geophysical anomaly. Evidence · text > Diamond hole OLFD001 was ultimately completed to a depth of 615m. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 13 [Link to this fact](https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51#fact-drill-facts-12) Lennon's Find Needs review: drill\_no\_hole\_id #### Identity - Project: Lennon's Find - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: OMX #### Classification - Program: exploration - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Downhole electromagnetic surveying identified multiple conductive anomalies, providing new targets for future exploration at Lennon's Find. - Positive factor: Downhole electromagnetic surveying identified three conductive anomalies. - Positive factor: Provides new targets and vectors for future exploration. Evidence · text > Downhole electromagnetic surveying also identified three conductive anomalies, providing important new targets and vectors for future exploration. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 14 [Link to this fact](https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51#fact-drill-facts-13) Lennon's Find #### Identity - Project: Lennon's Find - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: OMX #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Orange Minerals earned a 75% beneficial interest in the Lennon's Find mining lease, increasing its exposure to the project's potential. - Positive factor: Company earned a 75% beneficial interest in the mining lease. - Positive factor: Increases exposure to potential value from future exploration. Evidence · text > During the drilling program, Orange satisfied both expenditure milestones under its earn-in agreement with Musketeer Mining Ltd, earning a 75% beneficial interest in mining lease M45/368. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 15 [Link to this fact](https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51#fact-drill-facts-14) Tepa Gold Project · gold #### Identity - Project: Tepa Gold Project - Commodity: gold - Region: ghana - Reported Region: Ghana, West Africa - Ticker: OMX #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Ministerial consent was received for the transfer of prospecting licences for the Tepa Gold Project, a significant step in establishing the company's presence in Ghana. - Positive factor: Ministerial consent received for assignment of three prospecting licences. - Positive factor: Marks a key milestone in the transfer process for the Tepa Gold Project. Evidence · text > A major milestone was reached on 10 April 2026, when Orange received Ministerial consent under Ghana’s Minerals and Mining Act, 2006 for the assignment of the Mpasaso, Wioso and Ohiapae prospecting licences to its wholly owned Ghanaian subsidiary, Hunsuyesi Resources Limited. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 16 [Link to this fact](https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51#fact-drill-facts-15) Calarie Project #### Identity - Project: Calarie Project - Region: australia\_nsw - Reported Region: New South Wales - Ticker: OMX #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Orange Minerals divested its 51% interest in the Calarie Project to focus on core assets, retaining exposure through equity and options. - Positive factor: Divestment allows focus on core assets. - Positive factor: Retains exposure through equity and option consideration. Evidence · text > In June 2026, Orange entered into an agreement to divest its 51% interest in the Calarie Project to Adavale Resources Limited \(ASX: ADD\). #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 17 [Link to this fact](https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51#fact-drill-facts-16) Majestic Project #### Identity - Project: Majestic Project - Region: australia\_wa - Reported Region: Eastern Goldfields, Western Australia - Ticker: OMX #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Orange Minerals partially divested the Majestic Project, reducing expenditure and gaining equity exposure to Auravelle Metals Limited. - Positive factor: Partial divestment reduces ongoing expenditure. - Positive factor: Provides equity exposure to Auravelle Metals Limited. Evidence · text > Orange continued its portfolio rationalisation in April 2026 through an agreement to divest certain tenements associated with the Majestic Project to Auravelle Metals Limited \(ASX: AUV\). #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 18 [Link to this fact](https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51#fact-drill-facts-17) #### Identity - Ticker: OMX #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The company successfully raised $3.18 million through a placement, demonstrating strong investor support for its exploration strategy. - Positive factor: Secured significant funding through placement. - Positive factor: Strong investor support, including cornerstone investment. Evidence · text > In December 2025, Orange secured firm commitments to raise approximately $3.18 million through a placement to sophisticated and professional investors. As at 30 June 2026, 6,628,889 fully paid ordinary shares had been issued at $0.09 per share, raising approximately $596,600. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 19 [Link to this fact](https://atlas-staging.minestarters.com/news/omx-annual-report-to-shareholders--4cd32982-9255-4250-bce5-4bd79c1ffc51#fact-drill-facts-18) #### Identity - Ticker: OMX #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The company raised an additional $1.675 million through a placement of partly paid shares with free-attaching options, further strengthening its financial capacity. - Positive factor: Secured additional funding through placement of partly paid shares. - Positive factor: Includes free-attaching options to incentivize investors. Evidence · text > In April 2026, Orange secured further firm commitments to raise $1.675 million before costs through the issue of 33.5 million partly paid shares. As at 30 June 2026, 21 million partly paid shares had been issued, raising $1.05 million before costs. Each partly paid share was issued at $0.05 paid, with a further $0.05 remaining unpaid, providing the potential for an additional $1.675 million to be raised if the shares are subsequently fully called. Placement participants were also entitled to one free-attaching option for every two partly paid shares subscribed for, exercisable at $0.20 and expiring on 29 September 2028. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.