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Ora Banda Mining Ltd (ASX:OBM)

ALERT: Price-sensitive ASX Announcement for OBM
Current share price for OBM : $1.290 -0.11 (-7.86%)+
Announcement
Release
18 Dec 2025 8:17AM
Price at Release
$1.400
Full Release
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Summary
Ora Banda Mining Ltd (ASX: OBM) announced significant exploration results from the Sand King mineralisation project. Their recent drilling activities in the northern corridor between Sand King and the historically mined Palmerston shallow open pit have yielded highly promising results, with numerous significant mineralisation intercepts identified. These include high-grade intercepts such as 16.6m at 8.3 g/t and 6.7m at 39.3 g/t from both surface and underground drilling. This suggests the potential for a considerable increase in the mine's inventory and production capabilities. The company is optimistic about the growth potential of this emerging mineralised system, which remains largely untapped. Managing Director Luke Creagh confirmed ongoing exploration efforts are supported by a $73 million budget for FY26, with the goal of further increasing production and extending mine life.
Key Points
  • Significant mineralisation extensions identified in the northern corridor.
  • High-grade intercepts reported, including 16.6m @ 8.3 g/t and 6.7m @ 39.3 g/t.
  • Potential for increased mining inventory and production.
  • Ongoing exploration supported by a $73 million budget for FY26.
  • Aim to extend mine life and increase production at Sand King.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.