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Ora Banda Mining Ltd (ASX:OBM)

ALERT: Price-sensitive ASX Announcement for OBM
Current share price for OBM : $1.000 -0.605 (-37.69%)+
Release
15 Jan 2026 8:21AM
Price at Release
$1.605
Full Release
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Summary
Ora Banda Mining Ltd (ASX: OBM) has released high-grade drilling results from the Golden Pole Lode within the Waihi Project, indicating a significant expansion of the mineralisation envelope. The exploration returned impressive grades, with intervals such as 7.0m at 27.4 g/t, including 2.0m at 87.5 g/t. Additional holes are planned for further drilling to enhance the resource definition. The deposit, located near the company's processing plant, is being considered for development as a third underground mining operation, with an updated mineral resource estimate expected in early June 2026.
Key Points
  • High-grade drilling results from Golden Pole Lode.
  • Significant mineralisation expansion at Waihi Project.
  • Key intervals include 7.0m at 27.4 g/t and 2.0m at 87.5 g/t.
  • 20 additional holes planned for further exploration.
  • Potential development as a third underground mine.
  • Mineral resource estimate update scheduled for June 2026.
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.