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ORBMINCO LIMITED — Capital/Financing Update 2025
Feb 26, 2025
65473_rns_2025-02-26_a1f29353-d2bc-4763-8fbe-a34ebd333f6a.pdf
Capital/Financing Update
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ASX OB1
ASX Announcement | 27[th] February 2025
Divestment of Mt Venn Project
Highlights
Orbminco Limited (ASX:OB1) has signed a Binding Sale Agreement with Sarama Resources Ltd (ASX:SRR), to divest 80% interest in Mt Venn Project.
Subject to completion, the consideration for the sale is as follows:
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A non-refundable exclusivity payment of $20,000 (which has been received); and:
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The issue of 12,000,000 Chess Depository Instruments (“CDIs”) in Sarama to Orbminco (~3% of Sarama’s issued capital) upon completion.
Orbminco Limited (ASX:OB1)(“Orbminco” or “Company”) is pleased to announce that further to its ASX announcement dated 13 January 2025, it has now signed a binding Sale Agreement with Sarama Resources Ltd (ASX:SRR), to divest its 80% interest in the Mt Venn Project.
The divestment of Mt Venn aligns with Orbminco’s focus on its Bronze Fox Project in the Mongolian South Gobi Copper Belt with the imminent start of the upcoming field season.
This ASX announcement has been approved and authorised for release by the board of Orbminco Ltd.
For further information please contact:
Ralf Kriege
Managing Director Orbminco Limited +61 458 022 509
Ian Gordon
Chairman Orbminco Limited + 61 477 306 669
Orbminco Limited
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ABN 99 073 155 781 Suite 101, 147 Pirie St Adelaide, SA 50005/10 Johnston St, Peppermint Grove WA, 6011 A admin@inf o @loyallithiurbminco.co E m. aucom orbminco.com.au(08) 6245 2490 P
ASX OB1
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About Orbminco Limited
Orbminco Limited is a focussed mineral explorer. The Company is exploring for copper and gold in Mongolia and battery metals (lithium nickel, copper + PGE’s) and gold in the Yilgarn and Pilbara Cratons of Western Australia.
Forward Looking Statements
Certain statements in this document are or maybe “forward-looking statements” and represent Woomera’s intentions, projections, expectations or beliefs concerning among other things, future exploration activities. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Woomera, and which may cause Woomera’s actual performance in future periods to differ materially from any express or implied estimates or projections. Nothing in this document is a promise or representation as to the future. Statements or assumptions in this document as to future matters may prove to be incorrect and differences may be material. Orbminco does not make any representation or warranty as to the accuracy of such statements or assumptions.
Orbminco Limited
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ABN 99 073 155 781 Suite 101, 147 Pirie St Adelaide, SA 50005/10 Johnston St, Peppermint Grove WA, 6011 A admin@inf o @loyallithiurbminco.co E m. aucom orbminco.com.au(08) 6245 2490 P