Orbminco Limited has announced plans for an extended drilling program at its Majestic North Gold Project, located near Kalgoorlie in Western Australia. The program, set to begin in July 2025, builds on earlier work designed to elevate a significant portion of the resource to Indicated status under the JORC 2012 guidelines. The goal is to first confirm the current Mineral Resource of 39,700 ounces of gold at an average grade of 1.61 grams per tonne, before testing for additional extensions and uncharted exploration targets. The drilling campaign is structured in stages. The initial phase comprises roughly 50 aircore holes within the known resource boundaries to infill the data and refine the resource estimate. Once this stage is completed, Orbminco intends to move rapidly into two additional phases: one to extend drilling along strike north and south of the current resource—areas where previous work indicated potential—and another to drill deeper using reverse circulation (RC) techniques to evaluate primary mineralisation beneath the shallow, supergene-enriched zone. Furthermore, the company will also explore two additional high-priority targets that have so far only shown promising geophysical and geochemical indications. The Project covers a tenement package of 127 square kilometers, including a granted mining lease, and is positioned strategically only 65 km east of Kalgoorlie, close to established gold operations. The existing resource is mainly in a shallow, easily accessible supergene zone, which is favorable for open-pit mining. This extended exploration initiative may therefore unlock considerable upside by both confirming current resource estimates and identifying new zones of mineralisation that have remained untested. To support this extended drilling program and provide necessary working capital, Orbminco Limited has secured additional funding of A$205,000 via a share placement. This capital raising follows a previously announced raise and includes the issuance of new fully paid ordinary shares to a mix of institutional, professional, and sophisticated investors. The strong backing from both existing and new shareholders underscores investor confidence in the company’s strategy and the project's near-term potential. From a bullish perspective, the expanded drilling program presents significant upside potential. The confirmation and possible enlargement of the current resource, combined with exploration of untapped targets, could enhance the project’s value, particularly as the current mineralisation appears readily accessible for open-pit mining. The additional capital raised to support this initiative signals market confidence and provides the necessary liquidity for further exploration. Conversely, a bearish sentiment may be warranted given the inherent risks linked to mineral exploration. The success of the drilling campaign depends on a series of technical milestones, and external factors such as commodity price fluctuations or operational challenges could derail project timelines. Investors need to be cautious, particularly if future drilling does not confirm or expand the current resource estimates, which could delay any move to near-term mining operations. Orbminco Limited’s comprehensive approach to de-risking its existing resource while simultaneously pursuing new exploration targets makes the Majestic North Gold Project one to watch. The upcoming drilling phases, coupled with renewed investor backing, will be critical in determining the project’s prospective long-term value.