Ordell Minerals LimitedO
Ordell Minerals Limited is a Western Australian gold explorer whose flagship is the Barimaia Gold Project near Mount Magnet in the Murchison district, in which it has earned an 80.3% joint-venture interest. Barimaia centres on the McNabs East prospect, targeting granodiorite/felsic-intrusion-hosted gold over roughly 7km of strike, geologically analogous to Ramelius Resources' Eridanus deposit approximately 6km to the northwest. A major approximately 14,000-metre drilling program commenced 17 August 2026 -- roughly 10,000m of infill RC across the McNabs East Main and Northern Zones plus approximately 4,000m of aircore testing for new felsic intrusions -- bringing total drilling between May and September 2026 to approximately 20,000m. Recent extensional diamond drilling returned 4.6m at 19.60g/t gold from 177.0m (including 0.8m at 89.43g/t), 15.8m at 2.94g/t from 109.8m and 9.7m at 1.94g/t from 203.2m, with mineralisation open down-dip and down-plunge to the east. A maiden Mineral Resource Estimate for McNabs East is targeted for the fourth quarter of 2026, with mining studies to follow it; no Mineral Resource has been declared on Barimaia or on the wholly-owned Goodia and Fisher South projects to date. The company held A$8.215 million in cash at 30 June 2026 with no debt or financing facilities of any kind.
Notable vs. Peers
- Financials score of 7.1/10 is stronger than the peer average of 5.3/10.
Lifecycle Milestones
Jurisdiction (40%)9/10
Western Australia: Fraser PPI 2025 is 88.53 of 100 (rank 13 of 68), which maps to 9 on this site's scale. Western Australia -- top-tier, low political-risk mining jurisdiction, matching this schema's established WA convention.
Infrastructure (40%)No verified figure
Researched with nothing found: no source we could cite confirms or rules out an existing mill, road access, grid power, or tailings facility at Barimaia Gold Project (McNabs East), Mount Magnet, Murchison District, Western Australia (checked Sep 26, 2026; recheck due Mar 25, 2027). Counts at a neutral 5/10 until one does.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:1/10
Stage: Grassroots Exploration
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:9/10
Australia: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Geologist with 30 years' experience as an exploration and mining professional with extensive corporate and operational management skills. Most recently MD of Genesis Minerals Limited (2007-2022).
Managing Director and Chief Executive Officer of Centaurus Metals Limited; also a director of Ordell Minerals Limited. (B.Bus, FCA, AGIA, ACS, MAICD) Chartered Accountant with 25+ years in the mining industry as a senior finance and resources executive, with extensive involvement financing resource projects from both debt and equity perspectives; 15+ years operating in Brazil.
Non-Executive Director of Arrow Minerals Limited (ASX: AMD) and Non-Executive Chairman of Ordell Minerals Limited (ASX: ORD). BSc (Hons), GDE (Mining), MBA. Geologist with 30 years' experience in mine geology, exploration, development and business development, including executive roles at Gold Fields Ltd. -- latterly Executive Vice President, Growth and International Projects, responsible for global greenfields exploration and project development. Former Chief Executive Officer of Troy Resources Limited and former Non-Executive Director of Sino Gold and Avoca Resources. Currently also Chairman of Prodigy Gold and Non-Executive Director of Evolution Mining and Thungela Resources. Sources: arrowminerals.com.au/directors-management/ and ordellminerals.com.au/board.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Ordell Minerals is a Western Australian gold explorer whose flagship is the Barimaia gold project near Mount Magnet in the Murchison district, where it has earned an 80.3% joint-venture interest; it also wholly owns the Goodia and Fisher South projects. Barimaia centres on the McNabs East prospect, targeting intrusion-hosted gold over about 7km of strike, where extensional diamond drilling returned 4.6m at 19.60 g/t gold from a depth of 177.0m and mineralisation remains open down-dip and down-plunge. A 122-hole, 8,625m infill reverse-circulation program was completed in September 2026, and the first 11 holes returned wide, shallow intercepts including 32m at 1.65 g/t gold from 31m and 19m at 2.70 g/t from 40m depth. A maiden resource estimate for McNabs East is targeted for the December 2026 quarter; no resource has yet been declared on any of the company's projects.