Orpheus to orate at RIU Sydney on uranium’s newest explorer

Orpheus Uranium (ASX:ORP) is taking the opportunity at next week’s RIU Sydney Resources Round-up to build investor awareness around what is a very new uranium explorer.

Mining.com.au is a media partner of this year’s RIU Sydney conference. 

Speaking to this news service, Orpheus Chairman Mick Billing says investors attending the event can expect to witness the company deliver a discussion on the global uranium market and why companies like Orpheus are a great opportunity. 

“I will discuss why investors should focus on projects in South Australia and the Northern Territory, where projects can be brought into production under current legislation,” Billing says.

Looking ahead, he explains the company intends to be drilling at two of its South Australian projects in the coming months. 

The Chairman adds the first program is scheduled to begin in the next few weeks.

More recently, Orpheus was granted the 87km2 Woolshed Uranium Project 4km from Boss Energy’s (ASX:BOE) 36-million-pound Honeymoon and 11-million-pound Jasons deposits on the southeastern portion of the Frome Embayment, Southern Curnamona Province region.

Prior to that, the $18.6 million market capitalisation company completed the acquisition of the Frome Uranium Project, which is also in South Australia. 

Frome features the Erudina prospect, which is the focus of the company’s planned maiden drill program.

As of 31 March 2024, Orpheus Uranium had $4.76 million in cash and cash equivalents at hand, according to its latest quarterly report.   

Last year’s RIU Sydney Resources Round-up attracted more than 1,500 delegates, making it the busiest since its inception in 2004. With over 800 of last year’s delegates coming from the investor or broker/fund categories, this conference offers investor engagement opportunities.  

Write to Adam Drought at Mining.com.au

Images: Orpheus Uranium
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.