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  • Orpheus Uranium completes Oobagooma acquisition
Orpheus Uranium Oobagooma Project
WRITTEN BY Paula Fabe

Orpheus Uranium completes Oobagooma acquisition

Orpheus Uranium (ASX:ORP) has completed its acquisition of the Oobagooma Uranium Project in Western Australia from Elevate Uranium (ASX:EL8).

The company has satisfied all conditions precedent under the sale agreement announced on 14 October 2025 and is advancing the regulatory process to transfer exploration licence E04/2297 to a wholly owned subsidiary.

The transaction secures Orpheus its first tenure in WA’s Canning Basin.

Historical drilling at Oobagooma returned intersections of up to 3,775 parts per million (ppm) equivalent uranium oxide (eU₃O₈).

Selected historical results include:

  • 2.2m at 3,581ppm eU₃O₈ from 47.5m
  • 2.7m at 2,046ppm eU₃O₈ from 67.8m
  • 2.8m at 2,352ppm eU₃O₈ from 46.6m
  • 1.75m at 2,552ppm eU₃O₈ from 48.05m
  • 2.45m at 1,870ppm eU₃O₈ from 68.2m
  • 1.65m at 3,775ppm eU₃O₈ from 53.15m

During the acquisition process, privately held in situ recovery uranium producer Heathgate Resources lodged exploration licence applications over surrounding ground.

Orpheus has also submitted applications over nearby tenure to position itself for broader regional exploration.

The company now plans to advance its assessment of historical drilling results to establish an exploration target by December 2026.

Orpheus Uranium is focused on uranium exploration across South Australia and the Northern Territory.

Write to Paula Fabe at Mining.com.au

Main image: Orpheus Uranium

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Written By Paula Fabe
Paula has over 15 years of combined experience in PR, brand communications, and content marketing. She has experienced both agency and client sides of content ideation and production, mentoring young creatives along the way. She has also worked directly with small businesses in the Philippines, helping shape and refine their brand stories. Off-duty, she is co-founder of a brunch social for young women, building a community grounded in growth, connection, and mentorship. In her leisure time, she enjoys a strong cup of coffee and a good K-drama and spending time with her family.

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