Ora Banda locks in Paddington deal as it advances own processing expansion

The latest announcement is out from Ora Banda Mining ( (AU:OBM) ).

Ora Banda Mining has converted a non‑binding memorandum with Paddington Gold into a binding Ore Sales Agreement, allowing a further 120,000 tonnes of Davyhurst ore to be processed at the Paddington mill in March and April 2026. This follows about 345,000 tonnes already processed in FY26 under the prior arrangement, helping the company monetise surplus ore as mining volumes exceed its current plant capacity.

Once the agreement expires, Ora Banda plans to stockpile excess ore for treatment through its wholly owned facilities, which it expects will deliver cost and recovery benefits over time. Production and all‑in sustaining cost guidance for FY26 remain unchanged, and studies continue on a proposed standalone three‑million‑tonne‑per‑annum processing plant, indicating a strategic push to expand in‑house processing capacity and reduce reliance on third parties.

The most recent analyst rating on (AU:OBM) stock is a Buy with a A$1.67 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 is an Australian gold producer focused on the Davyhurst project in Western Australia. The company operates its own processing infrastructure and supplements capacity through third party mills to manage excess ore and optimise cash flow and costs.

Average Trading Volume: 8,366,577

Technical Sentiment Signal: Buy

Current Market Cap: A$2.76B

For a thorough assessment of OBM stock, go to TipRanks’ Stock Analysis page.