Equinox Gold Corp. (TSX: EQX)

Reported results from updated technical reports for its Greenstone Gold Mine and its Valentine Gold Mine, both located in Canada.

The Company reported its Mineral Reserves and Mineral Resources including 19 million ounces of gold in Mineral Reserves, 19 million ounces in M + I Resources exclusive of Mineral Reserves, and 11 million ounces in Inferred Mineral Resources.

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Equinox Gold Greenstone Mine – Credits Equinox Gold Corp.

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Equinox Gold to Produce 540,000 unces of Gold PA for 10 years

Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to report results from updated technical reports for its Greenstone Gold Mine (“Greenstone”) located in Ontario, Canada and its Valentine Gold Mine (“Valentine”) located in Newfoundland & Labrador, Canada.

In addition, the Company today reported its Mineral Reserves and Mineral Resources as at December 31, 2025, including 19 million ounces of gold in Mineral Reserves, 19 million ounces in Measured and Indicated Mineral Resources exclusive of Mineral Reserves, and 11 million ounces in Inferred Mineral Resources.

For a detailed summary by asset, refer to the Company’s Annual Information Form, which will be available for download later today on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar and on Equinox Gold’s website at www.equinoxgold.com. All dollar figures are in United States dollars unless otherwise noted.

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Darren Hall, Chief Executive Officer, commented: 

“Our immediate focus at Greenstone is executing the ramp-up and achieving sustained nameplate milling capacity of 27,000 tonnes per day. Delivering consistent performance at this level will establish Greenstone as a cornerstone asset within our portfolio.

 

“At this throughput rate, the updated technical report outlines an operation expected to average approximately 320,000 ounces of gold annually over the next decade, representing a strong outcome for a long-life asset located in a Tier 1 jurisdiction.

 

“Once we achieve stable nameplate performance, we see additional opportunities to further optimize the operation and create value.

 

“These include increasing mill throughput toward 30,000 tonnes per day, incorporating higher-grade underground resources into future mine plans, and advancing near-mine and regional exploration targets across our large, 400 km² land package.

 

“With 1.6 million ounces of Measured and Indicated Resources and 1.2 million ounces of Inferred Resources delineated in the underground deposit, and an additional 1.1 million ounces of Indicated Resources identified to date on the broader land package, we believe there is meaningful potential to enhance grades, extend mine life and potentially increase annual production over time.

 

“At Valentine, the updated technical report highlights significant benefits from the planned Phase 2 expansion. Following completion of Phase 2 construction, which is targeted for H2 2028, throughput is expected to increase to approximately 13,700 tonnes per day (5.0 Mtpa), and annual gold production is expected to average approximately 223,000 ounces per year for the subsequent ten years.

 

“We see additional strong opportunities to extend mine life and further enhance the value of this asset. Ongoing delineation efforts at the Frank Zone have the potential to evolve into a fourth open pit, and we are advancing drilling this year to better define that opportunity.

 

“Combined with ongoing exploration across the broader, 320 km² land package and future throughput optimization potential, Valentine represents a long-life, scalable production platform capable of delivering sustainable growth well beyond the current mine plan.

 

“Additionally, we remain focused on unlocking further value through the growth and enhancement of our overall Mineral Reserves and Mineral Resources, supported by a robust $70 to $80 million exploration budget for 2026.”

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To read the full news release please click HERE

To see the latest share price and chart, please click HERE.

To View Equinox Gold’s historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Equinox Gold.

.

Omai Gold Mines (TSXV: OMG)

Announced assay results from eight additional drill holes from the recent drill program at its 100% owned Omai Gold Project in Guyana, South America. 

Five of the eight holes were collared in West Wenot, two in Central Wenot and one at the east end of the Wenot deposit. All holes intersected multiple zones of gold mineralization.

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Omai Gold core logging huts – Courtesy of Omai Gold Mines 

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,

Omai Gold Intersects 7.74 g/t Au over 13.5m and 6.30 g/t Au over 9.8m at Wenot
and Commences Drilling ExplorationTarget

Toronto, Ontario – (March 26, 2026) – Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) (“Omai Gold” or the “Company”) is pleased to announce assay results from eight additional drill holes from the recent drill program at its 100% owned Omai Gold Project in Guyana, South America.

Five of the eight holes were collared in West Wenot, two in Central Wenot and one at the east end of the Wenot deposit. All holes intersected multiple zones of gold mineralization.

The objective of these holes was to fill gaps within the broader Wenot deposit, to convert some mineralized areas to the higher “indicated” confidence level and to provide further testing of the limits of the Wenot gold system.

The holes at West Wenot showed continued significant gold mineralization within the southern sediments.

Five diamond drill rigs are now drilling on the Wenot deposit, all working on a series of holes at the northeast portion of Wenot. These are focused on the prolific Dike Corridor at depths between -150 to -400m (the DC holes), in areas not previously tested. As these holes are collared further to the north, they will also explore potential northern splays.

Early next week, one drill rig will be deployed to test an intriguing geophysical anomaly known as “the Handle” that corresponds to a magnetic high trending northeast off of the Wenot deposit.

An additional drill rig will also commence an additional two holes stepping out on the East Wenot target area.

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Highlights* from the recent drilling include:

• Hole 25ODD-158
o 7.74 g/t Au over 13.5m
o Including 28.03 g/t Au over 3.1m
o 1.45 g/t Au over 44.4m

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Elaine Ellingham, President and CEO commented:

“As these drill results continue to add to the confidence in Omai as a Tier 1 gold asset, we are advancing many aspects of work towards the next stages for the project.

 

“The Company is expecting the completion of its updated Mineral Resource Estimate (MRE) within the next couple of weeks and the Preliminary Economic Assessment (PEA) is expected a couple months following completion of the MRE.

 

“We have already set our sights on the work that will advance us towards a Pre-Feasibility or Feasibility Study. Metallurgical work, tailings studies and the important permitting initiatives are front and centre.

 

“At the same time, we will continue our very aggressive drill program with a focus on upgrading the large Wenot resource, extending the limits and testing certain priority exploration targets.”

.

To read the full news release, please click HERE

——-

To view the latest share price and chart, please click HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Omai Gold Mines. 

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To read our full terms and conditions, please click HERE

Market Review March 2026

Has been published. The focus is on the fall in the gold price and subsequent fall in mining stocks as a result.

The highlighted company is Orla Mining.

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City Investors Circle Market Review March 2026

The Market Review for March 2026 has been published.

The focus is on the fall in the gold price and subsequent fall in mining stocks as a result.

The highlighted company is Orla Mining.

+++++++

The highlighted company this month is Orla Mining, a TSX listed company with producing gold mines in Canada and Mexico, and a near term development project in Nevada, USA.

Orla is set to produce up to 350,000 ounces of gold in 2026 at an AISC of around US1,750.

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+++++++

Other significant news in the Review includes,

Orla Mining  (TSX: OLA) 
Recorded a record US $133 million in free cashflow
Filed an updated technical report for South Railroad

G Mining Ventures (TSX: GMIN) 
Reported Increased gold reserves by 221% to 6.52 million ounces.
Shareholder La Mancha exercised its right for additional shares
Reported record full year production and financial results.

+++++++

To read the March 2026 Market Review, please click HERE.

To receive future issues of the Market Review and invitations to our free to attend mining presentations, please email andrew@city-investors-circle.com

.

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Archive of March’s news releases is listed below, click the link to be taken to the full story.

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author may hold shares in some or all of the companies mentioned

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Wesdome Gold Mines  (TSX: WDO)

Provided an update on its surface exploration activities at its wholly-owned Eagle River mine near Wawa, Ontario, Canada.

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Wesdome Gold Mines Kiena Mine, Quebec – Courtesy of Wesdome Gold Mines

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Wesdome Defines 10 Kilometres of Prospective Strike and Expands Near-Surface Mineralization at Eagle River

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Mining Review 29th March 2026

An awful week for investors in precious metals and the companies that mine them.

Pacgold, Wesdome, and West Red Lake Gold Mines all announced positive drilling results.

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City Investors Circle Mining Review 29th March 2026

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An awful week for investors in precious metals and the companies that mine them. The war on Iran continues to weigh on the price of gold, although there are signs of a base forming in the price at the end of the week.

+++++++

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Pacgold, Wesdome, and West Red Lake Gold Mines all announced positive drilling results, which were absorbed by a market more focused on the gold price than substantive news from gold mining companies.

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News snippets from our watchlist companies for last week are pasted below, please click on the links to be taken to te full story.

  Market Review March 2026

  Wesdome Defined a 10 Km of Prospective Strike at Eagle River

  Pacgold Extended St George Gold and Antimony Fence Strike

  G Mining Ventures Reported Q4 and Full-Year 2025 Results

  Pacgold St George Gold Geochem Extends Fence Strike >30km

  Heliostar Acquired The Goldstrike Project and Updated Mineral Resource

  West Red Lake Gold Mines Further De-Risked Fork Satellite Deposit

  Catalyst Metals Concluded a Deal With Star Minerals

  Mining Review 22nd March 2026

.

+++++++

Market Data

Weekly Price Changes

(US$ unless stated)

Click HERE for live Spot Metal Prices 

+++++++.

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

The writer may hold shares in some or all of the companies mentioned in this article.

Pacgold (ASX: PGO)

Announced further results of the systematic geochemical soil programme and rock chip sampling completed on the St George Gold-Antimony Project (‘the Project’) in northeast Queensland.

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Pacgold St George Gold and Antimony Geochem Extends Fence Strike >30km

Fence Structure hosts 7 major targets with no modern drilling

Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to announce further results of the systematic geochemical soil programme and rock chip sampling completed on the St George Gold-Antimony Project (‘the Project’) in northeast Queensland.

Pacgold is undertaking exploration on the Project under a Farm-In and Joint Venture Agreement with Hardrock Mineral Exploration Pty Ltd, whereby Pacgold has the right to earn up to 100% interest in the Project.

HIGHLIGHTS

 CONTINUED DELINEATION OF REGIONAL-SCALE GEOCHEMICAL ANOMALIES – Gridbased soil and rock chip sampling extends the gold and antimony anomalism hosted within the Fence Structural Zone (FSZ) to a strike in excess of 30km.
 HIGH-GRADE GOLD AT LIMESTONE PROSPECT – High-grade rock chip samples taken in newly discovered large-scale structure with reported gold values including 18.5g/t Au (SG110108), 5.37g/t Au (SG110109), 4.86g/t Au (SG110110) and 4.96g/t Au (SG110113).

 NEW ANOMALIES DELINEATED AT LIMESTONE AND BIG WATSON – Extensive
(Au-Sb-As) anomalies identified at Big Watson and strong gold results over the Limestone prospect, both associated with the regional Fence structure extending over 30km in strike.
 UNTESTED STRUCTURES DRILL READY – No modern drilling carried out on six of the seven defined anomalies with multiple prioritised targets to be tested in next drilling
campaign.

.
Pacgold’s Managing Director, Matthew Boyes, commented:

“The number of fertile structures and extent of the mineralisation on this ground package continues to increase rapidly.

 

“The discovery of high-grade gold at surface at the Limestone project is particularly exciting with multiple outcropping veins returning high-grade gold numbers over a large area.

 

“We have now demonstrated that the Fence structure is mineralised over a strike length of approximately 30km from Big Watson in the south up to the Limestone prospect in the north, this coupled with multiple newly delineated soil anomalies gives the company a strong pipeline of targets to follow up once the exploration season kicks off this year.”

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To read the full news release, please click HERE

+++++++

To view the latest share price and chart, please click HERE

G Mining Ventures (TSX:GMIN)

Reported their operating results for the fourth quarter and full year ended December 31, 2025.

The first full year of commercial production at Tocantinzinho delivered gold production in 2025 of 171,871 ounces with stable cost performance.

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G Mining Ventures Reports Q4 and Full-Year 2025 Results; First Full Year of
Commercial Production at Tocantinzinho Drives Strong Cash Flow Generation

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BROSSARD, QC, March 25, 2026 – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX:GMIN, OTCQX:GMINF) today reported its financial and operating results for the fourth quarter and full year ended December 31, 2025.

Unless otherwise indicated, all dollar amounts are in U.S. dollars.

G Mining CEO Louis-Pierre Gignac said,

“Tocantinzinho completed its first full year of commercial production in 2025, delivering consistent operating performance with production, recoveries and costs in line with expectations.

.

” Production, costs and recoveries largely met or exceeded guidance, underscoring the asset’s reliability and operational discipline.

 

“The operation generated $255 million in free cash flow, strengthening our balance sheet while funding the advancement of Oko West.

 

“Fourth quarter performance was the strongest of the year across key metrics, including production, grade and margins, demonstrating solid steady-state operations.

 

“We enter 2026 with Tocantinzinho performing to plan, Oko West fully funded and under construction, and Gurupi continuing to advance through exploration and permitting.”

Fourth quarter and full year 2025 highlights and the Corporation’s short to medium-term outlook are set out below.
1) Strong 2025 Financial Results Driven by Continued Operational Strength and Disciplined Cost Control
o First full year of commercial production at Tocantinzinho (“TZ”). TZ delivered gold production in 2025 of 171,871 ounces with stable cost performance despite higher royalty expenses driven by higher gold prices. Strong metallurgical recoveries of 90.6% were achieved for the year, exceeding 2025 guidance of 90.0%.
o Peer-Leading Cost Structure: Total cash costs of $748 per ounce were slightly above the top end of 2025 guidance, primarily due to higher royalty costs ($27 per ounce) and the introduction of the State of Para’s production tax ($27 per ounce). All-in sustaining costs (1) (“AISC”) per ounce were within 2025 guidance at $1,155 per ounce.
o Strong annual cash generation from operations. Generated annual cash flow from operating activities of $308 million ($340 million before changes in working capital) or $1.36 per share. TZ generated mine-site free cash flow (1) of $255 million ($1,484/oz produced) or $1.12 per share for its first full year of commercial production.

o Strong profitability: Reported net income of $288 million ($1.27 per share) for the full year 2025 and adjusted net income(1) of $283 million ($1.25 per share).
o Solid quarterly operating performance, with record quarterly production. Payable gold
production in the fourth quarter of 2025 was 47,346 ounces at total cash costs(1) per ounce of $808 and AISC(1) per ounce of $1,245. The higher realized gold price(1) of $4,032 per ounce in the fourth quarter resulted in strong margins and cash flows.
o Strong quarterly financial results. Generated quarterly net income of $91 million or $0.40 per share and adjusted net income(1) of $98 million or $0.43 per share during the fourth quarter. The Corporation generated cash provided by operating activities of $96 million ($122 million before changes in working capital) or $0.42 per share and free cash flow(1) of $80 million or $0.35 per share.

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To read the full news release, please click HERE

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Pacgold Limited (ASX: PGO)

Announced further results of the systematic geochemical soil programme and rock chip sampling completed on the St George Gold-Antimony Projectin northeast Queensland.

Gridbased soil and rock chip sampling extends the gold and antimony anomalism hosted within the Fence Structural Zone to a strike in excess of 30km.

.

.

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Pacgold St George Gold and Antimony Geochem Extends Fence Strike >30km
Fence Structure hosts 7 major targets with no modern drilling

Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to announce further results of the systematic geochemical soil programme and rock chip sampling completed on the St George Gold-Antimony Project (‘the Project’) in northeast Queensland.

HIGHLIGHTS

 CONTINUED DELINEATION OF REGIONAL-SCALE GEOCHEMICAL ANOMALIES – Gridbased soil and rock chip sampling extends the gold and antimony anomalism hosted within the Fence Structural Zone (FSZ) to a strike in excess of 30km.
 HIGH-GRADE GOLD AT LIMESTONE PROSPECT – High-grade rock chip samples taken in newly discovered large-scale structure with reported gold values including 18.5g/t Au (SG110108), 5.37g/t Au (SG110109), 4.86g/t Au (SG110110) and 4.96g/t Au (SG110113).
 NEW ANOMALIES DELINEATED AT LIMESTONE AND BIG WATSON – Extensive
(Au-Sb-As) anomalies identified at Big Watson and strong gold results over the Limestone prospect, both associated with the regional Fence structure extending over 30km in strike.
 UNTESTED STRUCTURES DRILL READY – No modern drilling carried out on six of the seven defined anomalies with multiple prioritised targets to be tested in next drilling
campaign.

Pacgold is undertaking exploration on the Project under a Farm-In and Joint Venture Agreement with Hardrock Mineral Exploration Pty Ltd, whereby Pacgold has the right to earn up to 100% interest in the Project.

.

.
Pacgold’s Managing Director, Matthew Boyes, commented:

“The number of fertile structures and extent of the mineralisation on this ground package continues to increase rapidly.

 

“The discovery of high-grade gold at surface at the Limestone project is particularly exciting with multiple outcropping veins returning high-grade gold numbers over a large area.

 

“We have now demonstrated that the Fence structure is mineralised over a strike length of approximately 30km from Big Watson in the south up to the Limestone prospect in the north, this coupled with multiple newly delineated soil anomalies gives the company a strong pipeline of targets to follow up once the exploration season kicks off this year.”

.

To read the full news release, please click HERE

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To view the latest share price and chart, please click HERE

West Red Lake Gold (TSX.V: WRLG)

Announced results from the infill drilling program at its 100% owned Fork Deposit located approximately 250 metres southwest from its Madsen Mine in the Red Lake Gold District of Northwestern Ontario, Canada.

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Madsen Mill – Courtesy of West Red Lake Gold Mines

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,

 

 

West Red Lake Gold Mines Ltd.(“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG)(OTCQB: WRLGF)is pleased to announce results from the infill drilling program at its 100% owned Fork Deposit located approximately 250 metres (“m”) southwest from its Madsen Mine in the Red Lake Gold District of Northwestern Ontario, Canada. 

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Shane Williams, President and CEO, stated,

“Successful completion of the infill drilling program at Fork was an important step in de-risking this resource area ahead of a construction decision.

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“The results of the drill program are very encouraging and further support the gold grade and vein continuity at Fork which will be necessary for efficient mine planning and any future extraction scenario.

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“The engineering team at Madsen is already working on the initial mine design for this satellite area, and we look forward to continuing to evaluate this non-remnant, near surface opportunity which currently sits a mere 250 metres from our existing underground infrastructure.”

 

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FORK DRILLING HIGHLIGHTS:

• HoleWRL26-047 Intersected 1m @ 41.25 g/t Au, from 117.6m to 118.6m; Including 0.5m @ 77.8 g/t Au, from 117.6m to 118.1m.
• This intercept was complimented by visible gold spatially associated with quartz veining and pyrite + pyrrhotite mineralization (Figure 1).

 

FIGURE 1. Multiple instances of visible gold in hole WRL-26-047 associated with quartz veining and pyrite + pyrrhotite. Drill core is NQ (47.6 mm) diameter.

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To read the full news release, please click HERE   +++++++   To view the latest share price and company chart, please click HERE To View West Red Lake’s historical news, please click here . The live Spot gold price can be found HERE . ======= . City Investors Circle is based in the financial district in the City of London We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies. Our audience is selected and invited individually to ensure interest and relevance for the presenting company. Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation. We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter. If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com . ======= , This website is not sponsored, we are truly independent, and will always remain so Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team. All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this. These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional. . Disclosure At the time of writing the author holds shares in West Red Lake Gold Mines. . To read our full terms and conditions, please click HERE

Mining Review 22nd March 2026

An absolutely horrendous week for investors in the mining space, with the price of gold falling a whopping 11% in a week, and silver down 16%.

Mining companies’ shares were clobbered on the market, despite some releasing excellent results, the market was unforgiving and merciless.

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I attended the Swiss Mining Conference in Zurich this week, and companies present were putting a brave face on their falling shareprices, but the mood was fairly sombre and a few were even non-attendees.

I met some decent new stories and continue to research both new and existing holdings to make up a by list for when the market turns, which it will do at some point, it always does.

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  Meeka Metals Expands Plant to Increase Gold Production

  Orla Mining Reported a Record $133m Free Cash Flow

  Swiss Mining Conference Day 2

  Swiss Mining Conference Day 1

  Benz Mining Announced a New Ultra High Grade Gold Discovery

  Ora Banda Mining Updated on Third Party Ore Processing

  Barton Gold Began the Tunkillia Phase 2 Resource Upgrade Drilling

  Mining Review 15th March 2026

+++++++

Market Data

Weekly Price Changes

(US$ unless stated)

.

Click HERE for live Spot Metal Prices 

+++++++.

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

The writer may hold shares in some or all of the companies mentioned in this article.

Meeka Metals (ASX: MEK)

Announced that expansion work on the Murchison processing plant has commenced with an additional crushing circuit, wash plant and Steinert multi-sensor ore sorter being installed.

This is expected to unlock significant additional processing capacity and increase annual gold production.

.

.

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Meeka Metals Processing Upgrade to 800ktpa Underway – Commissioning
Expected in September 2026 Quarter

,

Meeka Metals Limited (ASX: MEK) “Meeka” or the “Company”) is pleased to announce that expansion work on the Murchison processing plant has commenced with an additional crushing circuit, wash plant and Steinert multi-sensor ore sorter being installed.

This is expected to unlock significant additional processing capacity and increase annual gold production. Additional benefits include removal of hard waste rock from the mill feed, reduced plant wear and lower tailings deposition per ounce produced

Installation of ore sorting is underway at the Murchison Gold Project (“Murchison”) to
unlock additional processing capacity to ~800ktpa and accelerate gold production.
• The upgrade unlocks ~200ktpa of additional mill capacity, increasing throughput to
~800ktpa and annual gold production
• Ore sorting will be applied to Andy Well underground ore initially – high-grade ore will be separated for immediate processing and low-grade ore stockpiled for later processing
• Test work at Steinert’s ore sorting test facility confirmed excellent sorting results – ~85% of contained gold is sorted into ~50% of the rock mass, effectively doubling Andy Well’s already high head grade
• Significantly lower capital cost ($6M) and commissioning timeline (6 months) versus
equivalent expansion of the crushing and grinding circuit to achieve 800-1,000ktpa capacity
• Processing unit costs at the higher throughput remains steady versus DFS unit cost estimate (~$38/t)
• Commissioning targeted for the September 2026 quarter
• Test work is underway to determine applicability to other Murchison ore sources
Commenting on the upgrade, Meeka’s Managing Director Tim Davidson said: “Ore sorting unlocks an additional 200,000 tonnes per annum of milling capacity and effectively doubles the head grade of Andy Well ore entering the plant, delivering a meaningful increase in annual gold production.

Commenting on the upgrade, Meeka’s Managing Director Tim Davidson said:

“Ore sorting unlocks an additional 200,000 tonnes per annum of milling capacity and effectively doubles the head grade of Andy Well ore entering the plant, delivering a meaningful increase in annual gold production.

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“The test work results were excellent and gave us strong confidence in the ability to consistently separate the high-grade gold-bearing quartz from lower grade material that will be stockpiled for later processing.

“We expect this high-return, quick-payback investment to be operational in the September 2026 quarter providing additional processing capacity for ore.

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“The test work results were excellent and gave us strong confidence in the ability to consistently separate the high-grade gold-bearing quartz from lower grade material that will be stockpiled for later processing.

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“We expect this high-return, quick-payback investment to be operational in the September 2026 quarter providing additional processing capacity for ore from our open pits and our second underground mine at Turnberry, commencing in 2026.”

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To read the full news release, please click HERE

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To view the latest Meeka share price and chart, please click HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Meeka Metals. 

.

To read our full terms and conditions, please click HERE

Swiss Mining Conference Day 2

The second and last day of the conference was overshadowed by the news that gold had dropped sharply overnight, and silver was down 10%. Not the greatest news to greet a room full of mostly gold and silver mining companies.

I focused on new companies today and had a couple of nice surprises amongst my eight meetings.

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Swiss Mining Conference Day 2

The second and last day of the conference was overshadowed by the news that gold had dropped sharply overnight, and silver was down 10%. Not the greatest news to greet a room full of mostly gold and silver companies.

I focused on new companies today and had a couple of nice surprises amongst my eight meetings.

I met Awale Resources first, an exploration company in the Ivory Coast, with a free carry from Newmont on the xurrent exploration campaign. All is going well but the resources may not be large enough to interest Newmont beyond the exploration phase, and Awale may well regain 100% control of the project in due course.

I had a first meeting with Erdene Resource Development, a producing gold miner based in Mongolia, with a string of copper – gold – moly projects in a prolific area. The idea is to use the revenues from gold production to fund the exploration of the larger copper moly projects, just the sort of story I like.

Aftermath Silver are a company I have followed for a while but they are too far from production for me to have an immediate interest.

Aftermath are a silver – copper- manganese story, and a PFS is due Q1 2027. Manganese is a critical metals as defined by the USA, so should gain the company some traction when further along the line to development and production.

My next meeting was a nice surprise, St. George Mining, with a Niobium project , Araxa, in a prolific niobium area in Brazil, where 80% of the current world supply comes from. There are only two other sources of the metal in the world, each producing around 10% of world supply.

This is a critical metal for strengthening steel, making it lighter, and giving it temperature resistant qualities. Clearly it has military uses.

St. George are in the process of installing a pilot plant in  a local university to test the process and product quality, and create a techical hub for the benefit of the company and the university.

Capex is projected to be around US $100 million, and If things go well ,production could commence in Q4 2028.

I’ve put this on my personal watchlist and will add it to the website Tier 4 watchlist for early exploration stocks.

I also met Montage Gold, constructing the Kone Gold Mine in the Ivory Coast, which is around 50% complete. Quite a high market cap currently but if it falls with the lower gold price it may present an opportunity before production starts.

Last but not least was Borealis Mining, a company that has just commenced production at the Borealis Gold mine in Nevada. Production is slated to be around 15,000 – 20,000 ounces of gold in 2026.

Market cap is around C$182 million, which looks low for a company commencing production in Nevada.

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

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,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author may hold  shares in some of the companies mentioned.

.

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Swiss Mining Conference

The first day of the Swiss mining conferance was busy, but the atmosphere muted due to the falling price of gold.

My meeting list shrank by three meetings with those companies scratching from the show at the last minute.

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Typical scene from the conference

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Swiss Mining Conference Day 1

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Swiss Mining Conference – The first day of the Swiss Mining Conference was busy, but the atmosphere muted, due to the falling price of gold.

My meeting list shrank by three meetings with those companies scratching from the show at the last minute. I wondered if it was because of the worsening gold price and market sentiment?

So, whilst the investors showed up, despite the sliding gold price, some of the companies didn’t.

I thought I had a good meeting list, some current holdings with a couple of companies I really wanted to meet, plus a few speculative meetings to fill up the schedule.

Sadly G Mining Ventures, and Challenger Gold cancelled, leaving a hole in my schedule, in wihich I had already created a couple of holes intentionally for note writing, coffees, connecting with other investors, and comfort breaks.

This newly created large hole in the meeting sschedule lead me downstairs to listen to some of the presentations, and by chance I listened to Fury Gold. Serendipity it turned out as I really liked the story, and I had time to follow up my interest on the stand with the CEO afterwards with another investor from the presentation.

I am going to research further but I liked the presentation and the company look to be at an interesting stage, given recent developments.

My first meeting was with Alex Scanlon, CEO of Barton Gold. I am a long term shareholder, and Alex confirmed all is on track, and the company will be issuing a wave of news during 2036, as they approach initial production at the beginning of 2027.

I also met Taslisker Resources, another story I liked, and the company looks undervalued, but the reason for that is probably the lack of a PEA or feasability study.

The last company that I really liked was Capitan Silver, an emerging silver exploration company fully funded for a large exploration propgram this year. Despite the name, tey do have a couple of gold prospcts surrounding the expanding silver resource.

I finished off the first day by meeting Silver Tiger Metals, which is on track to commence open pit production in Mexico after having received the first open pit mining permit issued by the Mexican governement for several years.

Tomorrow I have eight more meetings, saldy only two or three of real interst, but you never know, like Fury Gold today, a company can surprise to the upside.

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

+++++++

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in some of the companies mentioned.

.

Ora Banda Mining (ASX: OBM)

Updated on its approach to processing surplus Davyhurst ore through third party infrastructure.

 Throughout FY26, Ora Banda has utilised third-party processing to accelerate cashflow from excess ore as mining volumes have exceeded existing Davyhurst processing capacity.

Site View – Courtesy of Ora Banda Mining Limited

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Ora Banda Update on Third Party Ore Processing

Ora Banda Mining Limited (ASX:OBM) ( Ora Banda or the Company) provides the following update on its approach to processing surplus Davyhurst ore through third party infrastructure :
• Throughout FY26, Ora Banda has utilised third-party processing to accelerate cashflow from excess ore as mining volumes have exceeded existing Davyhurst processing capacity .
• To date during FY26 approximately 345,000 tonnes of Davyhurst ore has been processed via the Paddington mill under the previous non-binding Memorandum of Understanding (MOU) with Paddington Gold Pty Limited , which anticipated up to 400kt of ore being processed during FY26. 
• The Company has now replaced the MOU with a full-form binding Ore Sales Agreement ( OSA) between Siberia Mining Corporation Pty Ltd, Carnegie Gold Pty Ltd and Paddington Gold Pty Limited.
• The OSA enables Ora Banda to process a further 120,000 dry metric tonnes ( ± 10%) of gold bearing Davyhurst ore at Paddington during March and April 2026.
• Following expiry of the OSA, Ora Banda intends to build excess ore stockpiles for future processing through its 100% owned infrastructure which is expected to deliver material cost and recovery benefits . Ora Banda will also continue to review third party processing options in the ordinary course of business .
• FY26 Production and All-in Sustaining Cost (“AISC”) guidance remains unchanged from that provided in the December 2025 quarterly report .
• The Company continues to progress studies relating to the construction of a standalone 3 million

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The full news release can be viewed HERE

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To view Ora Banda’s latest share price and chart, please click HERE

Barton Gold (ASX: BGD)

Announced the start of ‘Phase 2’ JORC (2012) Mineral Resource upgrade drilling at its South Australian Tunkillia Gold Project (Tunkillia).

Strike Drilling has been engaged to complete a program totalling ~30,000m.

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Tunkillia drilling – Credits Barton Gold

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Barton Gold Tunkillia ‘Phase 2’ Resource Upgrade Drilling Begins

Targeting Ore Reserves, PFS & ML application by the end of 2026

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Barton Gold Holdings Limited (ASX:BGD, OTCQB:BGDFF, FRA:BGD3) (Barton or Company) is pleased to announce the start of ‘Phase 2’ JORC (2012) Mineral Resource upgrade drilling at its South Australian Tunkillia Gold Project (Tunkillia).

Strike Drilling has been engaged to complete a program totalling ~30,000m.

HIGHLIGHTS

• May 2025 Optimised Scoping Study (OSS) outlined a compelling Tunkillia development project:

o Annual production: ~120,000oz gold and ~250,000oz silver
o Total LoM operating cash: ~A$2.7 billion (unlevered, pre-tax)
o Net Present Value (NPV7.5%): ~A$1.4 billion (unlevered, pre-tax)
o Internal Rate of Return (IRR): ~73.2% (unlevered, pre-tax); and
o Payback period: ~0.8 years (unlevered, pre-tax)

• Barton expediting Tunkillia toward Mining Lease (ML) application, with AUD gold and silver prices now over $2,000/oz and $60/oz higher (respectively) than used for OSS revenue estimates
• 18,900m ‘Phase 1’ reverse circulation (RC) Resource upgrade drilling infilled high value S1 / S2 pit areas with broad high-grade intersections, supporting rapid payback in early ‘Starter pit’2
• ~30,000m ‘Phase 2’ RC upgrade drilling now underway targeting balance of optimised open pits;
• Phase 2 RC drilling a key step to support JORC (2012) Mineral Resource upgrades and target
JORC (2012) Ore Reserves, a pre-feasibility study (PFS), and an ML application by end of 2026.

Tunkillia’s Phase 2 RC upgrade drilling follows a successful ‘Phase 1’ program which infilled the high-value early ‘S1’ and ‘S2’ pit areas, modelled to produce ~$1.3 billion operating profit during the first 2.5 years of operation, with broad, high-grade intersections.

Barton is targeting conversion of all of Tunkillia’s OSS modelled open pit
mineralisation to JORC (2012) ‘Measured’ and ‘Indicated’ categories to accelerate financing and development.

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 Barton MD Alexander Scanlon commented;

“The Tunkillia OSS demonstrated the financial and capital leverage available to large-scale bulk processing operations, with the major advantage of a higher-grade ‘Starter Pit’ that can pay back development costs 2x over in the first year – assuming A$5,000/oz gold and A$50/oz silver prices.

 

“At current gold and silver prices, Tunkillia would be modelled to produce over $1 billion operating profit in the first year, and over $2 billion operating profit in the first two years.

 

“Our recent ‘Phase 1’ Resource upgrade drilling results further confirmed the mineralisation behind these compelling economics; we are therefore now executing the balance of Tunkillia development drilling programs on an expedited timeline, targeting declared JORC Ore Reserves, a robust PFS, and a Mining Lease application by the end of 2026.

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“Following the submission of our Mining Lease application, we will expedite Tunkillia’s project finance discussions and work with all key stakeholders including the South Australian Government to bring Tunkillia online as soon as possible.

 

“This project can generate substantial economic benefits for Barton and all of our stakeholders, including the State.”

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To read the full news release please click HERE

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The live Barton Gold share price and chart can be found HERE 

..To View Barton Gold’s’ historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Barton Gold.

.

To read our full terms and conditions, please click HERE

Mining Review 15th March 2026

Westgold posted record half-year results.

G Mining Ventures increased its gold reserves by 221% to 6.52 million ounces.

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The 2026 European conference season starts in Zurich soon

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City Investors Circle Review 15th March 2026

It was another volatile week on the metals markets, with gold, silver, and most other metals falling in price.

As a result many miners are falling in value, as oil is one of the major costs of mining for most companies, and especially open pit projects. One market commentator stated that oil accounts for around 9% of the cost of gold mining.

Whilst it’s dispiriting to see the price of well performing companies falling, I’m maintaining my positions. Once the Iran turmoil is over I expect a relief rally,

it’s a question of waiting for me.

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Highlights

Westgold posted record half-year results.

G Mining Ventures increased its gold reserves by 221% to 6.52 million ounces.

Cabral Gold drilled an exception high-grade hole at their Jerimum Cima project in Brazil.

G Mining Ventures 2025 Gold Reserves Increase 221% to 6.52 Moz

  Cabral Gold Drilled 9.5m @ 87.4 g/t Gold at Jerimum Cima

  Ora Banda Mining Drilling Discovered a New Sapphire Trend

  Ora Banda Mining Grew Round Dam MRE Ten Times

  G Mining Ventures‘ Investor La Mancha Exercised its Right For Additional Shares

  Westgold Post Record Half-Year Results

  Mining Review 8th March 2026

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Market Data

Weekly Price Changes

(US$ unless stated)

Click HERE for live Spot Metal Prices 

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in some of the companies mentioned.

.

Cabral Gold (TSX.V: CBR)

Announced results from two additional diamond drill holes at the Jerimum Cima target within the Cuiú Cuiú Gold District, Brazil.

Recent drilling at the Jerimum Cima target at Cuiú Cuiú, returned 9.5m @ 87.4 g/t gold from 173.8m depth including 2.9m @ 285.5 g/t gold from 178.7m.

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Cuiú Cuiú excavation – Courtesy of Cabral Gold

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Ora Banda Mining (ASX: OBM)

Provided an update on its continued exploration success at its high-grade Little Gem Prospect.

The area initially consisted of the Little Gem Prospect on the Little Gem Trend, presenting as a multi-lode system that extended from Riverina to Sunraysia as a strike of 7.5 kilometres.

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ORA BANDA DRILLING EXPANDS LITTLE GEM NEW “SAPPHIRE” TREND DISCOVERED

Ora Banda Mining Limited (ASX: OBM) (Ora Banda”, Company”) is pleased to provide an update on its continued exploration success at its high-grade Little Gem Prospect.

The area initially consisted of the Little Gem Prospect on the Little Gem Trend, presenting as a multi-lode system that extended from Riverina to Sunraysia as a strike of 7.5 kilometres .

The recent discovery of the Sapphire Trend, located 200m east of the Little Gem Trend, has expanded the exploration window for further drilling and potential mineralisation.

Highlights:

• Latest drilling has expanded the Little Gem Prospect’s mineralised envelope to
more than 1,500 metres of strike and 750 metres vertically below surface , with
mineralisation open in all directions.
• Exploration drilling has discovered the Sapphire Trend (200 metres east of Little
Gem Trend) which presents as a new potential lode system.
• Sapphire Trend runs parallel to the Little Gem Trend and is yet to be specifically
targeted in exploration programs, with new results pointing to the growing
significance of it s mineralisation potential
• Drilling at Sunraysia Prospect (3km south of Little Gem Prospect ) on the Little
Gem Trend has identified high-grade lode s (see Figures 3 & 4)
• Ora Banda expects to deliver a Maiden Mineral Resource Estimate on Little Gem
during second half of 2026 . Drilling remains ongoing .
• Recent significant intersections include:

Little Gem Prospect:
o 10.0m @ 6.9 g/t Inc. 2.0m @ 26.9 g/t Little Gem Trend
o 6.0m @ 11.3 g/t Inc. 1.0m @ 60.0 g/t Little Gem Trend
o 20.1m @ 2.9 g/t Inc. 0.8m @ 11.3 g/t Little Gem Trend
o 16.0m @ 3.0 g/t Inc. 1.0m @ 17.2 g/t Little Gem Trend
o 14.9m @ 3.2 g/t Inc. 0.9m @ 11.0 g/t Little Gem Trend

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Little Gem Trend

Drilling has expanded the mineralised envelope at the Little Gem prospect to over 1,500 metres of strike and 750 metres below surface, with mineralisation continuing to remain open at depth and along strike .

Drilling at the Sunraysia Prospect (3km south of the Little Gem Prospect), along this same Little Gem Trend also highlight ed the ongoing growth potential of the broader region, with intercepts identifying high-grade mineralisation including intersections of 9.0m @ 4.1 g/t (inc. 2.0m @ 14.5 g/t) and 3.0m @ 9.3 g/t (inc. 1.0m @ 21.2 g/t). 

This drilling has added a further 800 metres of prospective strike to the Little Gem Trend with the mineralisation yet to be closed to the south.

Sapphire Trend

Step-out drilling has discovered the Sapphire Trend located 200m east of Little Gem with intersections including 18.0m @ 2.7 g/t, 10.2m @ 4.2 g/t and 11.5m @ 2.8 g/t.

The Sapphire Trend runs parallel to the Little Gem Trend and will be a targeted area for the ongoing exploration drilling programs in this region.

Both the Little Gem and Sapphire trend are broad north-south striking mineralised packages that are composed of multiple sub-parallel and sub-vertical gold lodes. The mineralisation geometry remains predictable as the drill spacing reduces and mac ro high grade plunges identified in the drill core mimic those seen at Riverina, approximately 30 degrees to the south.

With +150 drill holes now completed acros the Little Gem Prospect , drilling is continuing and the company is anticipating delivery of a Maiden Mineral Resource during the second half of calendar year 2026.

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Ora Banda’s Managing Director, Luke Creagh, said:

“These outstanding drill results continue to confirm the scale and quality of the Little Gem system with recent gains from exploration step-outs at the Sapphire Trend and Sunraysia Prospect demonstrating the outstanding potential of this area.

“The work we’ve been doing is a reminder of the enormous organic growth potential of our ground, and as part of this, we very much look forward to delivering a maiden Mineral Resource Estimate for Little Gem in the second half of CY26.”

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The full news release can be viewed HERE

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To view Ora Banda’s latest share price and chart, please click HERE

Ora Banda Mining (ASX: OBM)

Reported a new Mineral Resource of 25.6Mt @ 1.6g/t for 1,330 koz at the Company’s Round Dam deposit – a 964% increase from the previous resource of 125 koz.

The 25.3Mt Round Dam Resource includes 7.1Mt at 1.8g/t for 408 koz in the Indicated category and 18.2Mt at 1.6g/t in the Inferred category.

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ORA BANDA ROUND DAM MINERAL RESOURCE GROWS TENFOLD TO
1.33 MILLION OUNCES

Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to report a new Mineral Resource of 25.6Mt @ 1.6g/t for 1,330 koz at the Company’s Round Dam deposit – a 964% increase from the previous resource of 125 koz, following the first phase of an organic growth program set to continue throughout the remainder of FY26.

The 25.3Mt Round Dam Resource includes 7.1Mt at 1.8g/t for 408 koz in the Indicated category and 18.2Mt at 1.6g/t in the Inferred category.

All of the Round Dam Resource is considered suitable for open pit mining and has been calculated with open pit shells that are cash -flow positive at A$5,000/oz and using a cut -off grade of 0.3g/t.

The resource estimate includes drilling up to the end of January, noting that it remains open along strike and at depth, with follow up drilling for both resource extension and category conversion continuing.

The resource uplift at Round Dam provides a substantial boost to the Company’s total global resource position which has increased by 57% to 3.3 Moz – noting that further resource updates are planned to be released for other deposits in mid -2026.

Ora Banda has budgeted to spend $73 million on exploration in FY26 which equates to approximately 330km of drilling.

Ora Banda considers exploration along the Round Dam trend still to be at an early stage.

The 18km long north – south striking mineralised trend runs from Waihi in the north (3.5km from the Davyhurst Mill) to Salmon Gums in the south. Ora Banda began its initial phase of drilling along a 7.5km section of the trend which hosts several existing historical deposits and prospects within this exploration corridor.

Total Davyhurst MRE of 3.3Moz combines the updated Round Dam MRE of 1.3Moz with the Davyhurst MRE as stated on 12 September 2025.

The 2025 MRE for deposits other than Round Dam have not been updated for any mining depletions or additions from any additional FY26 drilling, all of which will be updated in mid -2026.

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Highlights

Ora Banda’s targeted organic growth strategy sees group Mineral Resources
rapidly grow to 3.3 million ounces
• Drilling at Round Dam has expanded the Round Dam Mineral Resource Estimate (MRE) by 964% to 25.6Mt 1.6g/t for 1,330 koz
• The 25.6Mt Round Dam MRE includes 7.2Mt at 1.8g/t for 408 koz in the Indicated category and 18.2Mt at 1.6g/t for 922 koz in the Inferred category
• All of the Round Dam Resource is considered suitable for open pit mining and has been calculated with open pit shells that are cash-flow positive at A$5,000/oz, using a cut-off grade of 0.3g/t
• Round Dam remains open along strike and at depth. Drilling for both resource extension and category conversion is ongoing
• The uplift has increased Ora Banda’s global resource position by 57% to 3.3 million ounces, noting that resource updates are planned to be released for other deposits in mid-2026.

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Ora Banda s Managing Director, Luke Creagh, commented:

“This fantastic result is testimony to the expertise and hard work of our exploration and resource development team s who continue to deliver outstanding results with our $73 million FY26 exploration budget.

“There is no doubt of the scale of the Round Dam system noting there is significant potential to find more mineralization along strike and at depth, supporting our belief in the ability to deliver rapid resource upgrades through our ongoing organic growth programs.

“We are incredibly excited by the potential of Round Dam to become a substantial mining operation, as the Company continues to advance it’s study work into the construction of a standalone ~3mtpa processing facility at Davyhurst.”

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The full news release can be viewed HERE

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To view Ora Banda’s latest share price and chart, please click HERE

G Mining Ventures (TSX: GMIN)

Announced that the Corporation’s largest shareholder, La Mancha Investments S.à r.l. has elected to exercise its top-up right pursuant to the investor rights agreement between the Corporation and La Mancha that was initially entered into on July 22, 2022, which allows La Mancha to increase its ownership to up to 19.9%.

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The Oko West Gold Project remains on-budget and on-schedule for first gold pour in the second half of 2027 and continues to be fully funded by the Corporation’s balance sheet and cash flow.

The Corporation intends to use the proceeds from the issuance of the Top-Up Shares to reduce reliance on debt pertaining to Oko West Project development, increase exploration efforts, accelerate debt repayment, and for general corporate purposes.

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To read the full news release, please click HERE

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