Ora Banda quarterly cash booms as WA Little Gem | Australian Markets

Ora Banda Mining has blasted into the new financial yr with hovering gold manufacturing of more than 92,000 ounces on the company’s Davyhurst project in Western Australia’s Goldfields, a bulging $84.2 million cash stability and a new high-grade discovery that would redefine its pipeline at Little Gem.

Fresh from a record-breaking 2025, the company says gold manufacturing jumped 32 per cent year-on-year due to a main uplift at its Sand King underground mine, which hit a 60,000oz annual run price in June. That efficiency helped offset delays at Riverina the place a raisebore rig holdup pushed about 3000 high-grade ounces into July.

Total June quarter manufacturing hit 21,949 ounces together with 1389 ounces from a third-party toll remedy marketing campaign by Norton Gold Fields’ Paddington mill. That settlement, which covers up to 400,000 tonnes of ore, is predicted to proceed feeding supplemental gold into Ora Banda’s ledger within the coming quarters.

Ora Banda says it’s now setting its sights on a additional 60 per cent manufacturing surge, concentrating on up to 155,000 ounces of gold in 2026.

The company’s large plans are backed by sturdy financials.

Notably, regardless of spending $124 million on capital project, mine development and exploration over the previous yr, Ora Banda nonetheless grew its cash reserves by $57 million, closing the June quarter up $3.5 million even after outlays of practically $41 million. Management has now set an ambition FY26 manufacturing goal of between 140,000 and 155,000 ounces representing a 60 per cent uplift.

The company is forecasting an all-in sustaining value of $2800–$2900 per ounce for this yr, which offers for many of revenue margin within the context of at this time’s gold price – hovering close to report highs round A$5100 per ounce.

FY25 was a very profitable yr for Ora Banda. We delivered report manufacturing with over 30% enchancment on the earlier yr. Our subsequent part of growth forecasts a manufacturing increase by over 60% to between 140 and 155 thousand ounces with sturdy cash circulation underpinning capital investment to right-size our infrastructure, together with a feasibility examine to more than double processing capability to roughly 3Mtpa.

However, it’s what is occurring beneath the floor that would outline Ora Banda’s subsequent chapter.

The company’s $73 million exploration warfare chest is already bearing fruit. At Riverina Deeps, infill drilling has confirmed a sturdy system extending 1km vertically with high-grade hits such as 1.7m at 76.4 grams per tonne (g/t), 4.3m at 24.6g/t and 1.0m at 92.4g/t.

Although the Davyhurst project is now producing at scale, the company says these outcomes have delivered clear proof of its means to increase the useful resource and have paved the best way for a multi-year mine life extension.

At the company’s Waihi prospect, drilling beneath the historic pits unearthed a new mineralised zone returning 8.7m at 9.3g/t, together with a scorching 0.4m at 90.6g/t. Follow-up work is now being deliberate to see simply how deep this rabbit gap goes.

But the true exploration fireworks could possibly be rising on the company’s thrilling new Little Gem prospect the place, what started with 5 holes, has reworked into a fully-fledged discovery. The now-completed part two drill marketing campaign at website has confirmed a high-grade, multi-lode system, which continues to be open at depth and extends more than 1,000 metres alongside strike.

Standout hits embrace 22.7m at 5.0g/t and eight.8m at 6.3g/t, with 4 lodes now formally named and modelled as Diamond, Ruby, Sapphire and Tanzanite.

Phase three drilling is now underway, comprising 38 new holes concentrating on the Diamond and Ruby lodes from floor down to 750 metres.

Interestingly, Little Gem shows the identical, geological hallmarks that made the company’s Riverina mine a winner – steeply dipping lodes and south-plunging gold shoots. Management consider these acquainted options could possibly be the important thing to unlocking a repeatable pipeline of high-grade hits throughout your entire Davyhurst belt.

Ora Banda now has two diamond rigs and an RC rig on website and has firmly set its sights on a fast drilling marketing campaign to outline the dimensions of the prospect earlier than including Little Gem to the company’s international useful resource stock.

Adding to Ora Banda’s exploration appeal, the company additionally sees blue-sky potential in the identical largely untouched western mafic rocks that host Riverina, instantly to the north of the Little Gem. Drills are being lined up to chase this new frontier and take a look at simply how far the gold story can go.

Meanwhile, the company can be getting ready a feasibility examine to double processing capability at Davyhurst to three million tonnes each year, which might accommodate the growing ore circulation from Sand King, Riverina and new discoveries such as Little Gem.

All indicators level to 2026 being a breakout yr for Ora Banda. With manufacturing surging, discoveries stacking up and cash reserves to fund all of it, the company seems to have lots of horsepower to chase critical upside.

And if Little Gem continues to glitter, it would simply develop into the prize piece for Ora Banda in an already glittering crown.

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