Ora Banda Mining (ASX: OBM)
Reported its activities for the September 2026 quarter – a period in which Ora Banda’s ‘DRIVE to 300 ’ growth initiatives accelerated rapidly, highlighted by the on time start of construction at the Company’s new 3.0 Mtpa processing facility, the commencement (ahead of schedule ) of the high -grade Waihi Underground operation and advancement of multiple key capital projects at Davyhurst.
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Mine location map – Credits Ora Banda Mining
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| Ora Banda | ASX: OBM | |
| Stage | Production + development | |
| Metals | Gold | |
| Market cap | A$2.15 Billion @ A$1.11 | |
| Location | Western Australia | |
| Website | www.orabandamining.com.au |
Ora Banda Mining – September 2026 – QUARTERLY ACTIVITIES REPORT
Waihi Underground commenced and construction of new processing plant underway
with key DRIVE to 300 1 projects proceeding on schedule
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Ora Banda Mining Ltd (ASX: OBM) (“Ora Banda” or “the Company”) is pleased to report its activities for the September 2026 quarter – a period in which Ora Banda’s ‘DRIVE to 300 ’ growth initiatives accelerated rapidly, highlighted by the on time start of construction at the Company’s new 3.0 Mtpa processing facility, the commencement (ahead of schedule ) of the high -grade Waihi Underground operation and advancement of multiple key capital projects at Davyhurst.
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Highlights
• 12-month LTIFR of 0. 42, TRIFR 5.48, representing a 1 3% and 28% reduction on the prior quarter (June quarter: LTIFR 0.48; TRIFR 7.65)
• Gold sold of 33,939 oz 2 and 33,305 oz 2 produced, at an all -in sustaining cost per ounce sold (“AISC”) of A$4,214/oz. Unit costs were elevated due to the extended mill shutdown and weather impacts in the quarter, with FY27 guidance maintained
• Closing cash of $207.0 million, with $83.3 million in operating cash flows offset by $133.7 million spent on exploration, development and growth projects
• Execution of t he Company’s transformative ‘DRIVE to 300’ strategy well underway , with key highlights including :
o The start of construction of the new 3.0 Mtpa processing plant (on schedule )
o Commencement of mining development at the high -grade Waihi Underground
(ahead of schedule )
o Advancement of multiple supporting capital projects, including the new Siberia
accommodation village (completed in October), completion of the plant
construction camp and ROM pad expansion
o Commencement of the Palmerston decline (Sand King North) subsequent to
quarter end (ahead of schedule)
• Subsequent to quarter end, revolving credit facility (RCF) increased to $300 million
Providing total liquidity of $507 million
• Existing put option price protection provides coverage from Nov 2026 through to June
2028 with 8.3 koz per month protected at a floor price of A$6,000 /oz (total of 166.7 koz
protected at A$6,000) 4
• Continued exploration success, with further strong results from Little Gem ahead of an
expected ma iden Mineral Resource later in FY27
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‘DRIVE to 300’ is a general aspirational statement and not a production target . The Company does not yet have reasonable grounds to believe this can be achieved . Refer ASX Ann. “DRIVE to 300 – Key Growth Projects Approved” dated 18 May 2026.
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The full news release can be viewed HERE
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.To View Ora Banda Mining’s historical news, please click here.
The live gold price can be found HERE
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Disclosure
At the time of writing the author holds shares in Ora Banda Mining.
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