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The latest announcement is out from Ora Banda Mining ( (AU:OBM) ).
Ora Banda Mining Limited has reported exceptional drilling results from its Waihi deposit, part of a 45-hole drill program aimed at expanding the mineralized envelope and discovering new gold lodes. The drilling has successfully extended the Waihi West Lode to over 350 meters below the surface and identified a new lode system near the historical Golden Pole mine. These findings bolster the potential for Waihi to become a third underground mine at the Davyhurst Project, enhancing the company’s resource base and operational prospects.
The most recent analyst rating on (AU:OBM) stock is a Buy with a A$0.95 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 operates in the mining industry, focusing on gold exploration and production. The company is primarily engaged in developing its Davyhurst Project, which includes multiple mining sites such as Riverina, Sand King, and the potential Waihi underground mine.
Average Trading Volume: 10,803,842
Technical Sentiment Signal: Buy
Current Market Cap: A$1.7B
See more data about OBM stock on TipRanks’ Stock Analysis page.