Omnia Metals will begin on-ground exploration activities at its Ord Basin project in the Kimberley, while the company remains suspended from trading on the Australian Securities Exchange.
Omnia, which has multiple interests in both Canada and Western Australia, told the market that auger sampling would begin at the site, located 140km south of Kununurra, with this work monitored by representatives of the Purnululu people – the traditional owners of the land – with the activities to target both copper-nickel sulphide and carbonatite-kimberlite sulphide mineralisation.
“After a protracted wait, we look forward to mobilising and commencing work in just over a weeks’ time,” executive director James Warren said.
“Similarly, we are progressing statutory approvals for a targeted drilling campaign at our Salt Creek project in the Goldfields, where recent exploration has delineated highly prospective gold and copper anomalies.
“Our technical teams are advancing these exploration programs in parallel with ongoing efforts to satisfy ASX requirements to reinstate our securities and resume trading.
“I would like to express my gratitude to shareholders for their continued support and patience as we focus on positioning the company to discover and develop the critical minerals that are essential to the global energy transition.”
Omnia’s ASX suspension began on October 30 last year, following news it planned to acquire Canada-based Dixie Gold, along with its relevant project assets.
In March, Mark Connolly-chaired Omnia said due to being unable to meet closing conditions needed to complete the transaction, no formal agreement with Dixie proceeded.
At the time, Omnia’s board said its decision to not pursue with the acquisition was ‘the only reasonable decision’ and made in the ‘best interests of shareholders’ following substantial due diligence and negotiation.
In its 2024 annual report, released on August 22, the company said although it remained suspended from trading, it was ‘fully cooperating’ with the ASX and would provide an update regarding its potential reinstatement in due course.
