Ore Resources (ASX:OR3) Shares Rise: Miriam Drilling Results

Sonal Goyal

05 November 2026 01:01 PM AEDT

Ore Resources (ASX:OR3) Shares Rise: Miriam Drilling Results

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Key Highlights

Ore Resources shares were priced at $0.046 during the 5 November 2026 trading session, up 12.20%.
The 30 October 2026 Quarterly Report covers aircore results from 290 holes at Miriam and Burbanks East.
A 300m-long gold anomaly has been defined at the Burbanks Monarch prospect.

Ore Resources Ltd (ASX:OR3) shares were priced at $0.046 during the Trading session on 5 November 2026, up 12.20%. The S&P/ASX 200 was up 1.88%, or 166.10 points, at 9,000.60 at around 12:15 pm Sydney time, so the broader market was also trading higher during the session. Ore is exploring gold projects in the Coolgardie region of Western Australia, including Miriam and Burbanks East. Its latest update is the quarterly activities report for the period ended 30 September 2026, dated 30 October 2026.

Latest Development: Quarterly Report (30 October 2026)

In its quarterly report dated 30 October 2026, Ore said regional aircore drilling results had been received for 290 holes testing high-priority prospects at Miriam and Burbanks East. The company said the work highlighted numerous zones of elevated gold in shallow regolith, confirming the 6.2km Miriam Shear as an under-explored gold system.

A potential strike extension was identified about 250m south of the defined strike extent of the Forrest prospect, and a 300m-long gold anomaly was defined at Burbanks Monarch. A 3,000m aircore program also commenced at the Avoca Gold Project.

Sector Context

The materials sector, which covers the bulk of ASX resource companies, was up 5.83% in the session, providing a supportive backdrop for explorers and producers. Regional aircore programs are a common way for Western Australian explorers to test large areas before moving to deeper drilling.

What to Watch Ahead

Investors may track follow-up drilling at Burbanks Monarch and Forrest and the results from the Avoca aircore program.

Key Risks

Aircore results are shallow and indicative, and they may not reflect deeper mineralisation. Exploration can take a long time to produce a resource. Low-priced explorers can move sharply on small volumes.

Final Word

Ore Resources shares rose in the session, and the company's quarterly report focuses on regional drilling across its Coolgardie projects. Follow-up drilling will show whether the anomalies convert into targets.

FAQs

Q: How did Ore Resources shares trade on 5 November 2026?

A: OR3 shares were priced at $0.046 during the trading session, up 12.20%, while the S&P/ASX 200 was also higher at midday.

Q: How many holes were drilled?

A: Regional aircore results were received for 290 holes at the Miriam and Burbanks East projects.

Q: What is the Miriam Shear?

A: The company describes the Miriam Shear as a 6.2km-long under-explored gold system.

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