OR3

OR3 has extended its Big Red and Potoroo lithium pegmatites beyond current resource boundaries with intercepts grading 1.0–1.8% Li2O, supporting a DSO development thesis and near-term resource upgrade potential. The company is well-funded and plans October drilling restart, suggesting a pipeline of newsflow into year-end.

OR3 has consolidated a strategic 44.55 ha landholding adjacent to its Forrest flagship, unlocking step-out drilling potential along the 6.2 km Miriam Shear with historical intercepts up to 1.9 g/t Au and unexplored prospects in the north. The move is disciplined but operationally incremental—no drilling results, no resource update, and the real catalyst is execution of the planned drill program later in 2026.

OR3 released a scoping study for Kangaroo Hills DSO lithium project showing compelling low-capex economics (A$24.9m capex, <2 months to production, A$220.8m NPV8%) with 3.10 Mt @ 1.01% Li2O. The capital-lite contractor-led model and sub-4-month payback offer rapid cashflow generation, pending mid-2027 FID and funding closure.

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