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Ora Banda Mining Ltd (ASX:OBM)

ALERT: Price-sensitive ASX Announcement for OBM
Current share price for OBM : $1.190 -0.175 (-12.82%)+
Announcement
Release
22 Oct 2025 8:16AM
Price at Release
$1.365
Full Release
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Summary
Ora Banda Mining Ltd announced its September 2025 Quarterly Activities Report, highlighting significant achievements such as record production and cash flows. The report details a 39% increase in gold production, driven by the ramp-up at Sand King Underground. Ora Banda's cash position grew by $38.5 million to $122.7 million, even after investing $49.5 million in capital projects, resource development, and exploration. Key improvements were noted in processing performance, with a 15% increase in throughput at the Davyhurst Gold Project following upgrades. The company also focused on extensive drilling programs, with significant exploration successes at Round Dam, Waihi, and Little Gem prospects. Moreover, the report highlights sustainability efforts, emphasizing safety, workforce well-being, and environmental rehabilitation initiatives.
Key Points
  • Record production and cash flows in September 2025 quarter.
  • 39% increase in gold production due to Sand King Underground ramp-up.
  • Cash position increased by $38.5 million to $122.7 million.
  • Invested $49.5 million in capital projects, resource development, and exploration.
  • 15% throughput increase at Davyhurst Gold Project.
  • Significant exploration results at Round Dam, Waihi, and Little Gem.
  • Sustainability efforts include safety improvements and environmental rehabilitation.
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.