What is Orbminco planning at the Majestic North Gold Project?

Orbminco is advancing a ten‑workstream development program at the Majestic North Gold Project in Western Australia, with the aim of reaching a Final Investment Decision and lodging a Mining Development and Closure Proposal by early September 2026. The program is focused on rapidly moving the project from studies into a position where early gold production is possible through a staged open‑pit operation.

What is “Stage 1” and why is it important?

Stage 1 is a proposed initial open‑pit phase targeting a shallow, higher‑grade portion of the resource—about 249,000 tonnes at roughly 2.4 g/t gold, or around 19,300 contained ounces. By focusing on this higher‑grade material first, Orbminco is aiming to generate early cash flow and reduce upfront capital requirements.

How does Orbminco plan to process the ore from Stage 1?

To minimise initial capital expenditure and permitting complexity, Orbminco is evaluating commercial options to send ore to existing regional mills, either via toll treatment or direct ore sale. Securing one of these offsite processing routes would allow the company to avoid building its own processing plant in the first stage.

What technical work is being done to de‑risk the project?

The development plan is being project‑managed by Goldfields Technical Services and is split into parallel workstreams covering resource modelling, metallurgical testwork, mining and geotechnical studies, hydrology, processing pathway, infrastructure, environmental and social assessments, and financial modelling. These workstreams are designed to generate the pit designs, recovery assumptions, permitting documents and economics needed to support both the MDCP submission and the Board’s Final Investment Decision.

Strategic stage 1 fast-track: Orbminco targets early gold production at Majestic North

Written by Liezl GambePublished May. 1 2026Last Updated May. 1 2026

Orbminco Limited (ASX:OB1) has officially launched an intensive ten-workstream development program for its Majestic North Gold Project in Western Australia, targeting a Final Investment Decision and regulatory lodgement by early September 2026.

Following a successful capital raise and a JORC Resource update, the company is fast-tracking a two-stage open-pit strategy located 65 km southeast of Kalgoorlie.

The immediate focus is Stage 1, which aims to monetize a shallow, higher-grade domain containing 249,000 tonnes at 2.4 g/t Au (~19,300 ounces).

This high-grade core is part of a larger total resource of 1.37 million tonnes at 1.14 g/t Au (~50,400 ounces).

To minimize initial capital expenditure, Orbminco is exploring commercial options for toll treatment or direct ore sales to existing regional mills.

Project managed by Goldfields Technical Services, parallel workstreams - including metallurgical testing, geotechnical drilling, and environmental assessments - are currently underway.

Perguntas frequentes

What is Orbminco planning at the Majestic North Gold Project?

What is “Stage 1” and why is it important?

How does Orbminco plan to process the ore from Stage 1?

What technical work is being done to de‑risk the project?