Ora Banda Mining (ASX: OBM)
Reported further drill results from the northern corridor, between Sand King and the historically mined Palmerston shallow open pit, reinforcing the scale and growth potential of this emerging mineralised system.
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Sand King location in Western Australia – Courtesy of Ora Banda Mining Ltd.
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| Ora Banda | ASX: OBM | |
| Stage | Production + development | |
| Metals | Gold | |
| Market cap | A$2.43 Billion @ A$1.28 | |
| Location | Western Australia | |
| Website | www.orabandamining.com.au |
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Ora Banda Confirm Significant Extension at Sand King
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Ora Banda Mining Ltd (ASX: OBM) (“Ora Banda”, “Company”) is pleased to report further drill results from the northern corridor, between Sand King and the historically mined Palmerston shallow open pit, reinforcing the scale and growth potential of this emerging mineralised system.
Highlights
The results follow the high grade results in SKDD25030 (18.7m @ 8.9 g/t) and SKDD25030W1 (8.7m @ 8.7 g/t and 8.8m @ 10.4 g/t) reported on 9 September 2025
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Drilling across the northern corridor is progressing from both surface and underground, testing the large potential of the northern corridor with 43 surface RC and diamond holes having been completed to date, all of which are outside of the current life of mine (LOM) plan.
Assays have been returned from 16 of the 43 surface holes, with significant intercepts including 16.6m @ 8.3 g/t, 6.0m @ 16.9 g/t and 12m @ 6.4 g/t. In parallel, 57 resource extension holes have been drilled from underground into the northern corridor.
To date assays from 15 underground holes have been received, including 6.7m @ 39.3 g/t, 7.0m @ 10.7 g/t and 10.5m @ 6.2 g/t. Seven surface drill holes in the southern corridor have confirmed and extended mineralisation with intercepts such as 6.0m @ 23.3 g/t, 4.0m @ 6.5 g/t and 2.0m @ 10.0 g/t, demonstrating the broader scale of the
Sand King system.
Drill results to date in the northern corridor highlight the excellent potential for resource growth.
An underground drill rig has been deployed into the nearby historical Palmerston pit to expedite the definition of additional resources in this area. An initial program of seven holes is underway with six holes completed to date, with all assays currently pending.
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Ora Banda’s Managing Director, Luke Creagh, said:
“The drilling at Sand King continues to validate our view that we are only in the early stages of unlocking what is potentially a large mineralised system.
“The widths and tenor of these near mine step-out holes are exciting as they indicate that Sand King has the potential to deliver increased production and mine life, with these northern extensions accessible from existing underground infrastructure.
“As part of our $73 million exploration budget in FY26, we continue to drill Sand King and look forward to delivering further exploration success as drilling continues.”
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The full news release can be viewed HERE
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Disclosure
At the time of writing the author holds shares in Ora Banda Mining.
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