Orbit Identifies New Magnetic Target Along Strike From Lewis Ponds Discovery
Closing price · 2026-10-27: $0.014 · +7.69%
Orbit Resources has identified a coherent one-kilometre magnetic target beside its Cousin Jack discovery at Lewis Ponds, where the anomaly also coincides with an IP chargeability response. The company says the geophysical signals may indicate sulphides, but the target has not been drill tested; field assessment is starting, with ground electromagnetic work planned next. The update follows recent drilling at Lewis Ponds, with assays pending.