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Ora Banda Mining Ltd (ASX:OBM)

ALERT: Price-sensitive ASX Announcement for OBM
Current share price for OBM : $1.425 0.375 (35.71%)+
Announcement
Release
31 Jul 2026 8:18AM
Price at Release
$1.050
Full Release
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Summary
Ora Banda Mining Ltd has reported impressive exploration results from the Little Gem prospect, with significant expansions in the mineralized footprint of both the Sapphire and Gem lodes. The Sapphire lodes have been extended over 2.6 kilometers in strike to a depth of 200 meters, while the Gem lodes now span 4.7 kilometers in strike and are open at depth. A total of 360 drill holes have been completed, with a Maiden Mineral Resource Estimate expected by the end of CY2026. The exploration revealed high-grade gold mineralization, including notable intercepts like 5.0m at 18.1 g/t and 7.0m at 10.1 g/t from the Sapphire lode. Ora Banda's ongoing exploration success continues to support the potential for substantial gold mineralization at Little Gem.
Key Points
  • Impressive exploration results at Little Gem by Ora Banda Mining Ltd.
  • Sapphire lodes extended over 2.6 kilometers in strike, down to 200 meters.
  • Gem lodes span 4.7 kilometers in strike, open at depth.
  • 360 drill holes completed with significant high-grade gold intercepts.
  • Maiden Mineral Resource Estimate expected by late CY2026.
  • High-grade intercepts include 5.0m at 18.1 g/t and 7.0m at 10.1 g/t.
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.