Ora Banda Mining (ASX: OBM)
Reported further exceptional drill results from its current Phase 1 drilling program at Round Dam.
Round Dam is an 18km long north -south striking mineralised trend running from Waihi in the North (3.5km from the Davyhurst Mill) to Salmon Gums in the south.
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| Ora Banda | ASX: OBM | |
| Stage | Production + development | |
| Metals | Gold | |
| Market cap | A$2.27 Billion @ A$1.19 | |
| Location | Western Australia | |
| Website | www.orabandamining.com.au | |
Ora Banda Reports Exceptional Drilling Results at Round Dam
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Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to report further exceptional drill results from its current Phase 1 drilling program at Round Dam.
Round Dam is an 18km long north -south striking mineralised trend running from Waihi in the North (3.5km from the Davyhurst Mill) to Salmon Gums in the south.
Ora Banda is systematically exploring the open pit and underground mining potential along a 7.5km section of the 18km long trend . There are currently seven named deposits and a number of other prospects within this exploration corridor with exceptionally good continuity seen in both gold mineralisation and the lithologies that govern this.
The Phase 1 drilling program totals 330 holes for 62,000 metres and involves two dedicated reverse circulation (RC) rigs and one diamond drilling rig, with ~ 53,000 metres (281 holes) drilled to date. Of this approximately 4,000 diamond metres have been completed and 49,000 RC metres.
The results from the first 50 holes for 9,500 metres were released 28 August 2025, with
the residual amount of 231 holes for 43,500 being the subject of this release.
DRILLING AT ROUND DAM IDENTIFIES LARGE-SCALE MINERALISATION SYSTEM
Drilling of a major new gold system on a 7km section of the highly prospective Round Dam Trend, 15km from the Davyhurst Mill delivers potential for a large-scale surface mining opportunity, enhanced by the additional identification of numerous high-grade mineralised shoots
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Highlights:
• Identification of up to six subparallel continuous gold lodes along the trend has
result ed in new search window s previously unrecognised in historical drilling
• Over 280 holes for 53,000 metres of drilling complete from the 62,000 metre Phase 1
program
• Early indications are that the Round Dam trend will be highly amenable to bulk
tonnage open pit mining with potential for high grade shoot development
• Significant intercepts demonstrating potential for high grade ore shoot development
within a broader mineralised corridor include:
o 14.0m @ 18.5 g/t Inc. 12.0m @ 21.5 g/t o 8.0m @ 8.0 g/t
Ora Banda’s Managing Director, Luke Creagh, said:
“At Round Dam we are looking at the potential for large -scale surface mining opportunit ies, enhanced by multiple, newly identified high grade shoots.
Excitingly, the Round Dam Project is located only 15km from our existing Davyhurst processing infrastructure, with the potential for rapid resource development .
.Ora Banda’s Managing Director, Luke Creagh, said:
“At Round Dam we are looking at the potential for large -scale surface mining opportunities, enhanced by multiple, newly identified high grade shoots. Excitingly, the Round Dam Project is located only 15km from our existing Davyhurst processing infrastructure, with the potential for rapid resource development .
“Today’s Round Dam results are another highlight in the Company’s ongoing $73 million FY26 exploration strategy to target projects with the potential to become mines in short order supporting the Company’s organic growth strategy .”
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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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