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Ora Banda Mining ( (AU:OBM) ) has provided an update.
Ora Banda Mining has reported a tenfold increase in the Mineral Resource Estimate at its Round Dam deposit to 25.6 million tonnes at 1.6 grams per tonne for 1.33 million ounces of gold. The updated resource is entirely considered suitable for open-pit mining, with a significant portion in the Indicated category, underpinning the potential for near- to medium-term development.
This Round Dam uplift boosts Ora Banda’s total Davyhurst mineral resources by 57% to 3.3 million ounces and highlights the scale of the 18-kilometre Round Dam mineralised trend. Backed by a A$73 million exploration budget for FY26, the company is continuing drilling to extend and upgrade resources while advancing studies for a standalone ~3 million tonne-per-annum processing facility at Davyhurst, signalling ambitions for a substantial mining operation.
The most recent analyst rating on (AU:OBM) stock is a Hold with a A$1.30 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 district in Western Australia. The company pursues an organic growth strategy centred on expanding mineral resources and advancing open-pit mining and processing infrastructure across its regional gold deposits.
Average Trading Volume: 8,248,483
Technical Sentiment Signal: Buy
Current Market Cap: A$2.34B
For an in-depth examination of OBM stock, go to TipRanks’ Overview page.