Orange Minerals NL announced that it has signed term sheets to acquire new Western Australian exploration tenements in two project areas. The Company has acquired 5 Exploration licence applications from Mining Equities Pty Ltd. (Mining Equities) in the highly
prospective Youanmi region. The tenement applications are located approximately 600km northeast of Perth in the Murchison Mineral Field of Western
Australia. Youanmi is located within the Southern Cross Province and is characterised by generally northerly trending
greenstone belts which outcrop between areas of granite and gneiss of the Yilgarn Block. The geology is dominated by greenschist to lower amphibolite-facies Archean granites and greenstones, and includes
large, layered intrusions in the southern part of the area. The major regional structures are NE trending and N to NW
trending folds, faults and shear zones. The acquisitions consist of: Five tenement applications (E57/1221, E57/1222, E57/1223, E59/2763 & E57/1262) comprising the Youanmi Project
in the Murchison Mineral Field 600km north-east of Perth, WA. Greenfield exploration projects with high prospectivity for precious, battery, and base metals. The projects are located in close proximity to the 3.2Moz Youanmi gold project and the Manindi Lithium
Project. Three exploration tenements (P25/2597, P25/2688 & P26/4470) in the Majestic Project area approximately 50km
east of Kalgoorlie.