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The latest update is out from Ora Banda Mining ( (AU:OBM) ).
Ora Banda Mining has reported further strong drilling results from its Phase 1 program at the Round Dam Trend, an 18km mineralised corridor located about 15km from the company’s Davyhurst processing plant in Western Australia. Systematic drilling over a 7.5km section has so far completed about 53,000 metres of a planned 62,000-metre campaign, identifying up to six subparallel continuous gold lodes and multiple high-grade ore shoots, as well as broad mineralised zones that support potential bulk-tonnage open pit mining. The company says these results point to a large-scale surface mining opportunity with additional underground potential, reinforcing Round Dam as a key pillar in its near-term mine development pipeline and bolstering the case for leveraging existing infrastructure to accelerate resource growth and production options.
The most recent analyst rating on (AU:OBM) stock is a Hold with a A$1.50 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 and explorer listed on the ASX, focused on developing and expanding gold resources in the Davyhurst region of Western Australia. The company operates processing infrastructure at the Davyhurst Mill and is pursuing an organic growth strategy backed by a A$73 million FY26 exploration budget targeting projects that can be rapidly converted into producing mines.
Average Trading Volume: 9,342,887
Technical Sentiment Signal: Buy
Current Market Cap: A$2.46B
For an in-depth examination of OBM stock, go to TipRanks’ Overview page.