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The latest announcement is out from Ora Banda Mining ( (AU:OBM) ).
Ora Banda Mining has reported a series of thick, high-grade gold intercepts from follow-up drilling on the Golden Pole lode at its Waihi Project, significantly expanding the known mineralisation envelope and confirming both down-plunge extensions and a new hanging-wall lode. The success at Golden Pole has prompted an immediate 20-hole infill and extensional drill program within an already expanded 97-hole campaign across Waihi, with additional strong results at Waihi East and Homeward Bound and the first signs of a new lode west of Golden Pole, reinforcing Waihi’s potential to become the company’s third underground mine within close proximity to the Davyhurst processing facility and enhancing the project’s strategic importance for future production growth.
The most recent analyst rating on (AU:OBM) stock is a Hold with a A$1.37 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 Limited is an Australian gold producer listed on the ASX, focused on developing and operating gold deposits within trucking distance of its Davyhurst processing plant in Western Australia. The company targets high-grade underground opportunities within its broader Waihi Project area, located about three kilometres west of the plant, as it builds a portfolio of multiple underground mines to support and expand its production base.
Average Trading Volume: 9,362,757
Technical Sentiment Signal: Buy
Current Market Cap: A$2.94B
For an in-depth examination of OBM stock, go to TipRanks’ Overview page.