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Ora Banda Mining ( (AU:OBM) ) has issued an update.
Ora Banda Mining has approved a suite of growth initiatives at its Davyhurst operations, committing $10 million to move a proposed ~3Mtpa standalone processing plant from definitive feasibility to front-end engineering design, which will refine the design and capital requirements for a new mill alongside its existing 1.2Mtpa plant. The board has also sanctioned $30 million in pre-production capital to start a new open pit at Waihi, expected to become the company’s third mining operation and initially deliver about 12,700 ounces over eight months while supporting potential underground development, and $23.2 million to expand accommodation capacity with a new 150-room camp at Siberia and an extra 100 rooms at Davyhurst, with total camp works estimated at $34 million. These fully cash-funded projects, underpinned by strong cash flows and a reported A$155 million cash balance at year-end 2025, prompt an increase in FY26 growth capital guidance to $143 million and aim to scale production, de-risk future underground opportunities at Waihi, and strengthen Ora Banda’s operational footprint and workforce support in the region.
The most recent analyst rating on (AU:OBM) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Ora Banda Mining stock, see the AU:OBM Stock Forecast page.
More about Ora Banda Mining
Ora Banda Mining Ltd is an Australian gold producer listed on the ASX, operating the 100%-owned Davyhurst tenement package in Western Australia. The company currently runs a 1.2Mtpa processing plant at Davyhurst and multiple mining operations, with a strategic focus on organic growth through expanding processing capacity, developing nearby deposits and supporting infrastructure, and advancing exploration to extend mine life and production scale.
Average Trading Volume: 8,993,386
Technical Sentiment Signal: Buy
Current Market Cap: A$3.04B
For detailed information about OBM stock, go to TipRanks’ Stock Analysis page.