Luke Creagh

Ora Banda Mining has reduced the assumed gold price used to calculate its ore reserve figures at the company’s Davyhurst gold project near Kalgoorlie as it focuses on higher-margin ounces and increased quality from deposits. The change to the price assumption means the company will target higher gold grades to improve the economic viability of each of its deposits at Davyhurst.

Ora Banda Mining has recorded high-grade hits from extensional drilling at its Main Lode prospect under the Riverina open pit that has increased mineralisation at the deposit to more than 350m below surface. The company has completed 12 holes of a planned 30-hole campaign at the project north-west of Kalgoorlie with assay highlights including a 1.2m hit at an impressive 29.3 grams per tonne gold from 359m in addition to 2.8m going 6 g/t gold from 357m.

Ora Banda Mining has extended mineralisation of its Riverina gold system by more than 100m to the south and 100m vertically with the deposit remaining open in all directions following positive assay results. The company has completed 46 diamond drill holes for a total of 13,046m at the site near Kalgoorlie as Ora Banda explores the system for underground mining potential. The success has encouraged the company to expand the program to 54 holes for a total of 15,331m.

Ora Banda Mining has secured funding support from shareholder Hawkes Point Holdings to continue developing its Riverina underground operation including exploration, resource development and capital expenditure. Hawkes Point is the gold producer’s largest shareholder and will provide Ora Banda with an unsecured loan of $11 million towards work at the project near Kalgoorlie.

Ora Banda Mining is steadying itself for a year of strong gold production with lower costs at its mining operation in WA’s Goldfields. The company’s ongoing improvement strategies have boosted its key performance indicators by increasing mining productivity and ounces mined. A string of strong exploration results will feed into an updated mineral resource estimate slated for February this year.

Ora Banda Mining is on track to deliver an updated mineral resource estimate at its Riverina gold system near Kalgoorlie this month after positive results from phase 1 drilling at the site. Assay highlights from exploration at the company’s Main Lode East prospect showed some impressive grades including a 2m hit at 49.8 grams per tonne gold from 163m.

A comprehensive exploration campaign has paid off for Ora Banda Mining with the company revealing it has doubled the underground mineral resource at its Riverina gold system to more than 300,000 gold ounces. The gold producer also announced a maiden ore reserve for the Riverina system near Kalgoorlie of 73,000 ounces at a solid grade of 4.3 grams per tonne gold with an additional reserve only limited by drilling density at the site.

Ora Banda Mining will collect a cool $10 million for the sale of non-core tenements at Lady Ida, 65km south of its Davyhurst gold processing plant in WA. The company says the move will strengthen its balance sheet ahead of a decision on the go-ahead for its Riverina underground gold mine. The sale includes low-grade gold resources in addition to related mining and infrastructure licences.

Ora Banda Mining looks set to pocket $4.2 million in a three-way deal that includes the sale of four non-core tenements to Beacon Minerals and a new royalty agreement with key investor Hawkes Point. Ora Banda has agreed to sell four of its Lady Ida licences in the Goldfields region of WA to Beacon through its wholly owned subsidiary for $2.5 million while still retaining all non-silver and non-gold mineral rights over the tenements.

Ora Banda Mining has been given the green light to start mining at its Riverina underground gold deposit near Kalgoorlie after receiving financial investment decision approval from its board of directors. While the mining decision is still subject to the company securing a capital requirement of about $30 million, the approval supports its 2025 financial year production target of 100,000 gold ounces per annum.

Ora Banda Mining directors and London-based investor Hawke’s Point have stumped up a combined $9.2m as part of a $30m capital raise to fund the cost of operating the reimagined underground Riverina project. The company says the well-supported shares placement and planned development of the underground system will help set it on the path to producing 100,000 gold ounces annually by the 2025 financial year.

Ora Banda Mining has hit significant lithium results from an initial three-hole exploration campaign at the company’s Federal Flag prospect, just 10km from its Davyhurst gold processing plant near Kalgoorlie. The traditional gold explorer has confirmed the presence of lithium-caesium-tantalum pegmatites, along with potential lithium-bearing spodumene, with an 11.1m hit at 1.28 per cent lithium oxide from 54m.

Ora Banda Mining has seen a mined gold grade increase of more than 50 per cent at its operations to 2.5 grams per tonne over the March quarter compared to an average of 1.7 g/t gold in the previous six months. The significant grade increase caps a solid three months for the company that also included an almost 5 per cent increase in gold produced with a total of 12,310 ounces against 11,803 ounces in the December quarter and 11,720 ounces through the September quarter.

Ora Banda Mining continues to deliver impressive results from phase-one drilling at its Riverina underground deposit near Kalgoorlie, with assays highlighting a 0.4m intercept at a massive 243g/t gold from 151.6m. The 0.4m hit was contained within a 4.4m intersection grading 22.88g/t gold from 151.6m drilled at the company’s Murchison Lode, with a second hole recording a 0.8m segment going 24.33g/t gold from 103.6m.

Ora Banda Mining has hailed a strong finish to the financial year after mining a record 16,700 gold ounces at its Missouri open-pit mine in the June quarter – a 49 per cent increase from the previous period. The company churned through more than 229,000 tonnes at a grade of 2.3g/t gold, with higher volumes after exposing and mining its WMC and Monarch lodes.

Ora Banda Mining has unveiled a swag of new drilling results, including an 8.1m hit at 13.4 grams per tonne gold from 515m, expanding its Riverina project beyond its current resource boundaries to the south and at depth. Management says separate exploration at the company’s Siberia project is also targeting below the current pit floors of the Missouri and Sand King open-pit mines.

Ora Banda Mining has now settled a $10 million deal to sell its non-core Lady Ida tenements, 65km south of Kalgoorlie, in a move designed to sharpen the company’s focus on high-grade underground gold deposits. Ora Banda will retain rights on the tenements to all minerals other than gold and silver as part of the now-completed sale to Lamerton and Geoda.

Ora Banda Mining has made a solid start to the financial year with gold production rising 39 per cent to 16,952 ounces and sold gold increasing by 35 per cent to 16,319 ounces compared to the previous quarter. It finished the September quarter with $22.7 million, despite spending $11.2 million on the development of its Riverina underground gold mine and $2.8 million on exploration.

Business goliath Wesfarmers will pump $26m into Ora Banda Mining to buy 65 per cent of the lithium rights at the company’s Davyhurst gold project north of Kalgoorlie. The move follows the discovery of lithium at Davyhurst back in April and will also see Ora Banda pick up a 2 per cent royalty. Ora Banda plans to monetise its royalty up front, courtesy of a partial sale to a third party.

Ora Banda Mining is confident it has identified the potential site for its next underground gold mine after unveiling significant results from two holes sunk at the company’s Sand King prospect near Kalgoorlie. Management says the holes were designed to follow up historical drilling from the 1980s that showed potential for mineralisation at depth, with the known strike of Sand King at more than 800m.

Ora Banda Mining has added significant momentum to its drive towards producing 100,000 ounces of gold annually by 2025 after intersecting the first ore from its Riverina underground’s Main Lode, some four weeks ahead of schedule. The company expects to mine a lode grade of 10g/t gold at Riverina as part of its “Drive to 100” campaign.

Ora Banda Mining has increased gold production and the head grade from its Davyhurst plant in WA’s Goldfields region for the third consecutive quarter while lifting its gold sales by 15 per cent. According to its December quarterly report, the company produced 16,340 ounces at a head grade of 2.1 grams per tonne and sold 15,387 gold ounces from its Davyhurst operations for the three-month period. All-in sustaining costs reduced by 15 per cent compared to the previous quarter.

Ora Banda Mining’s Sand King deposit near Kalgoorlie is firming as the preferred site for its second underground gold mine following significant high-grade results from its first-phase drill campaign. Assays from the first 17 holes sunk at the operation produced grades considered favourable for underground mining after drilling extended the mineralised system to 1km of strike and 300m below surface.

Ora Banda Mining is on track to achieve steady-state production at its Riverina underground gold mine near Kalgoorlie in the June quarter, with capital projects complete and first stopes to be mined next month. First ore from the underground operation was processed as a single batch through the company’s nearby Davyhurst processing plant and returned 16,727 tonnes at 2.74g/t to produce 1383 gold ounces.

Ora Banda Mining has discovered a new high-grade lode system at its Sand King deposit near Kalgoorlie, with the first exploration hole at the site delivering a 16m hit grading 5.6g/t gold from 145m. The hole extends mineralisation at the prospect to the north by 100m as Sand King continues to firm as the company’s preferred option to host a second underground gold mine.

Ora Banda Mining continues to deliver impressive results at its Riverina underground mine near Kalgoorlie with diamond drilling returning high-grade hits including 1.6m at a whopping 105.4 grams per tonne gold. The company is making steady progress with the underground operation and its share price has been riding a wave since August last year from about 8c to 30c as it looks implement its detailed mine plan.

ra Banda Mining has further bolstered its bank balance after pocketing $11.71 million as its lucrative joint venture deal with business goliath Wesfarmers at the Davyhurst project in Western Australia’s Goldfields region nears completion. Ora Banda will now receive a final $4.29 million next week to complete the Davyhurst transaction after all conditions of the deal were satisfied.

Ora Banda Mining has beefed up the mineral resources and ore reserves at its Davyhurst gold project in WA, attributing the growth to its underground exploration success and the definition of a new gold lode. The company not only managed to increase its underground ore reserve by 94 per cent, but also sweetened up the gold reserve grade by an extra 17 per cent.

Ora Banda Mining has supercharged its gold production ambitions, setting a new target of 150,000 ounces in FY26 following the board’s final investment decision to push on and develop its new Sand King underground mine in Western Australia’s Goldfields region. The pivotal move cements Sand King as the company’s second underground operation at its Davyhurst gold project that lies 120km north-west of Kalgoorlie.

Ora Banda Mining has increased the gold production and head grade from its Davyhurst mine in Western Australia’s Goldfields region as it ramps up its mission to become a high-grade underground miner. The company today confirmed record gold-ounce production for the past quarter, fuelled by its new Riverina underground development, despite confronting considerable weather delays during the month of June.

Ora Banda Mining has unveiled a fresh haul of strong gold drilling results from its Riverina underground mine just outside of Kalgoorlie in Western Australia’s Goldfields region. More than 100 holes have returned 10-gram metres of gold, including a 2.7m hit at a juicy 65.9g/t, while the company has also launched into its second underground operation at Sand King to the south.

In a stunning business turnaround, Ora Banda Mining has set a quarterly production record, delivering 24,327 ounces of gold at a grade of 3.4 grams per tonne from its Davyhurst project in Western Australia’s renowned Goldfields region. The company’s cash reserves jumped 81 per cent to $48.7 million, while its share price surged 15 per cent to a 77c high today on strong trading volume.

Amid a grand celebration of the WA ASX-listed small cap company community on Friday night, Larvotto Resources triumphed to take out the coveted Bulls N’ Bears “Peak Performer of the Year” award after achieving a peak share price hike of 993 per cent. Estrella Resources took out the other major award and is the Bulls N' Bears “Runner of the Year”, claiming a 240 per cent share price jump from January to November 2024.

Ora Banda Mining has extracted first ore at its new WA Sand King underground gold mine, just four months after opening the portal. Full-scale mining is set for March, with 60,000 ounces of gold per year expected by mid-year. The Sand King mine is a key piece of the company’s ambitious Drive to 150 plan, aiming to produce up to 160,000 gold ounces annually by mid-2026.

Ora Banda Mining produced 22,973 ounces of gold in the December quarter at 2.9g/t, totalling 47,300 ounces for the half year. All-in sustaining costs rose 14.7pc to $2536 due to processing residual low-grade ore. With the Riverina mine paying for itself inside 18 months, Sand King is set to boost output to 150,000 ounces annually by June. Cash reserves grew by $9m to $57.8m.

Ora Banda Mining has uncovered a new gold discovery – along with another set of blockbuster results from deep drilling at its Riverina mine in Western Australia. The results will also extend the deposit’s mine life. The company’s depth extension drilling campaign has continued to intersect high-grade gold for more than 300m below its current mine plan, further extending the life of mine at the company’s ever-refining Davyhurst operation.

Ora Banda Mining has posted a blistering half-year result, raking in record revenues of $186.4 million, up 94 per cent on last year, from its Davyhurst gold project in Western Australia. The company, which is sitting on a $57.8m cash pile, saw surging production and cash flows last year. It sold 47,824 ounces of gold in the six months to December.

Ora Banda Mining has continued its smooth transition to become a high-grade underground miner, with its Sand King underground ramping up production and over-delivering on gold returns from its Davyhurst project in Western Australia. The company says it has successfully processed its first batch of Sand King ore, with both the reconciled gold grade and metal recovery exceeding expectations at the recently opened underground mine.

Ora Banda Mining has bolstered its balance sheet by locking in a $50 million revolving credit facility with two Australian banks and hedging 100,000 ounces of gold via a put option at $4400 per ounce. The two-year funding agreement has supercharged the company’s war chest to more than $100m, including a $58m bank balance, and provides the company with the financial clout to achieve production of 150,000 ounces in WA next year.

Ora Banda Mining has again struck gold, with a stellar set of high-grade intercepts at its latest discovery, Little Gem, south of its Riverina gold camp, outside Kalgoorlie. The company is gushing over its latest results from a drilling program exhibiting thick, rich lodes of gold. The results have sparked an immediate 16-hole follow-up campaign to pepper a 4.7km gold trend emerging south of its flagship Riverina mine.