GOLD EXPLORATION ASSETS
Ormonde maintains legacy gold exploration assets, and applications, located in Spain.
Internal reviews have highlighted the geological potential of these projects, leading Ormonde to commence a strategic review and re-evaluation of options for advancing or otherwise extracting maximised value from the assets.
LA ZARZA ASSET
Ormonde is due to receive deferred consideration from the sale of the La Zarza assets in Spain, which completed in September 2022. The EUR 1.5 million, due over three years from completion, will be utilised for further investment and working capital purposes.