
Ormonde Mining plc is a natural resource focused company with interests in Spain.
Following the completion of a recent disposal and receipt of €6 million in cash consideration, Ormonde is set to grow its business through project generation, joint ventures and / or acquisitions of resource projects that align with its strategy and is currently considering a number of initiatives it believes can deliver value to stakeholders.
In addition, Ormonde holds a number of Spanish assets including: a joint venture participation in a portfolio of exploration licences in western Spain, prospective for gold; new gold permit applications in another area of western Spain; and its interests related to the La Zarza copper-gold project in the Iberian Pyrite Belt. The Company is assessing options to maximise value for shareholders from these assets over the medium term.
Ormonde is committed to the responsible development of resource projects and the creation of value for our shareholders, employees and host communities.
Ormonde’s shares are traded on the Alternative Investment Market in London and Euronext Growth market in Dublin. The Company’s headquarters are in the Republic of Ireland.
Business Development
Following the receipt of €6 million in cash consideration from a disposal completed in February 2020, Ormonde is well-positioned to grow its business through project generation, joint ventures and / or acquisitions of resource projects that align with its strategy, which is to primarily target quality natural resource projects in commodities with a positive market outlook.
On 16 September 2020, Ormonde reported that, following an extensive review of a wide range of resource projects, the Company has entered into an exclusivity agreement in relation to a potential acquisition of a resource project with due diligence ongoing.