Market Review July 2025 Published

The highlighted company is Omai Gold Mines.

Companies featured include Orla Mining and Ora Banda Mining, plus comments about the largest pure silver mining companies.

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Equinox Gold Greenstone Mine – Credits Equinox Gold Corp.

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City Investors Circle Market Review July 2025 Published

It’s been another typical mid-summer month for gold and gold mining stocks, with prices sliding backwards. This is usual of course, but with the high price of god I had hoped this year would be the exception, but sadly not.

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The highlighted company is Omai Gold Mines.

The company is based in Guyana, in a prolific gold belt in a tier 1 country with british law.

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Companies featured include Orla Mining and Ora Banda Mining, plus comments about the largest pure silver mining companies, and a list of the top few on the ASX, London, and TSX exchanges.

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To read the July 2025 Market Review, please click HERE.

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

.

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

  Equinox Gold Reports New High-Grade Gold Drill Results

  New Murchison Gold June Quarter Activities Report

  Equinox Gold Announces Senior Leadership Transition

  Catalyst Metals Obtains A$100m Revolving Credit Facility

  Mining Review 27th July 2025

  Capricorn Metals to Acquire Warriedar Resources

  G Mining Ventures Updates on Gurupi Project Licensing Process

  Orla Mining Reports Pit Wall Event at Camino Rojo

  Barton Gold Announce Gawler Mill Refurbishment Estimated at A$26m

  Caprice Report High-Grade Intercepts At Island Gold

  Barton Gold Complete Regional Soil Sampling Programs

  Mining Review 20th July 2025

  Ora Banda FY25 Production Results And FY26 Guidance

  Lefroy secures funding via BML Lucky Strike Profit Cash Advance

  G2 Drills Best Holes to Date in New OKO Surface Discovery

  Barton Gold Expedite Tolmer Soil Sampling Tests

  Galiano Gold Announces Drilling Results Including 36m @ 2.5 G/T Au

  Equinox Gold Reports Q2 2025 Gold Production of 219,122 Oz

  Mining Review 13th July 2025

  G Mining Ventures Achieves Nameplate Capacity at Tocantinzinho

  Orla Mining Achieves Record Quarterly Production

  West Red Lake Gold Announces Positive PEA for the Rowan Project

  Kaiser Reef Production Update – June Quarter

  Wesdome Gold Mines Completes Acquisition of Angus Gold

  G2 Drills Multiple Near Surface Intercepts in New Oko Discovery Area

  Mining Review 6th July 2025

  AIC Mines FY25 Production Guidance Achieved at Eloise Copper Mine

  NEW MURCHISON GOLD HIGH-GRADE GOLD AT CROWN PRINCE

  Meeka Pours First Gold at the Murchison on Schedule

  Barton Gold Acquires the Wudinna Gold Project

  Barton Gold Grows Resources at Central Gawler Mill

  Market Review June 2025 published

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

.

Mining Review 20th July 2025

Ora Banda Mining’s 2025 results and 2026 guidance disappointed the market. Equinox Gold reported Q2 2925 production of 219,122 ounces of gold.

Gold trod water as crypto seems to hold investor focus currently.

.

.

City Investors Circle Mining Review 20th July 2025

Ora Banda Mining’s 2025 results and 2026 guidance disappointed the market. Equinox Gold reported Q2 2925 production of 219,122 ounces of gold.

Lefroy Exploration’s shareprice jumped on news that it has secured funding to allow the lucky Strike toll milling operation to start.

On the exploration front G2 Goldfields announced the best drill hole to date at their New OKO surface discovery in Guyana.

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Gold trod water as crypto seems to hold investor focus currently. Silver slid back a tad, after it’s recent sudden rise. Platinum and Palladium continued their recent surge.

——-

A list of all the significant news releases from our watchlist companies last week is below, please click on the link to be taken to the full story.

  Ora Banda Mining FY25 Production Results And FY26 Guidance

  Lefroy Exploration secures funding via BML Lucky Strike Profit Cash Advance

  G2 Goldfields Drills Best Holes to Date in New OKO Surface Discovery

  Barton Gold Expedites Tolmer Soil Sampling Tests

  Galiano Gold Announced Drilling Results Including 36m @ 2.5 G/T Au

  Equinox Gold Reported Q2 2025 Gold Production of 219,122 Oz

  Mining Review 13th July 2025

.

——-

Market Data

Weekly Price Changes

(US$ unless stated)

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

At the time of writing the author may hold positions in any of the stocks mentioned.

.

Ora Banda Mining (ASX: OBM)

Provided the following production results for FY25 and the June quarter, with the full quarterly results expected to be released in late July.

The Company also includes Guidance for FY26 in this release.

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Riverina adit – Courtesy of Ora Banda Mining

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.

.
Ora Banda FY25 Production Results & FY26 Guidance

Ora Banda Mining Ltd (ASX: OBM) (“Ora Banda”, “OBM” or “Company”) provides the following production results for FY25 and the June quarter, with the full quarterly results expected to be released in late July.

The Company also includes Guidance for FY26 in this release.

.

FY25 performance:

• Gold produced (including attributed ounces) for the June 2025 quarter totalled 21.9koz;
impacted by the slower than expected ramp up of the Mill1 and mining delays at Riverina Underground deferring 3koz in high grade stopes into early July.

Gold production includes attributed equivalent production of 1.4koz from third party processing of ore sold by OBM to Norton Gold Fields (“NGF”) (Paddington Mill) in June under an ore sale agreement.
• June quarter Gold sold totalled 20.2koz processed through Davyhurst processing plant
• Gold production in FY25 continued the organic growth of OBM with a 32% increase on FY24,
and the second year of over 30% year-on-year organic growth with 92.4koz produced
(including the above mentioned attributed equivalent production of 1.4koz)
• Closing cash of $84.2M, reflecting $57.4M in free cash flow in FY25 and increased $3.5M in the June quarter
• Closing Stockpiles of 165kt at 1.9g/t for 10koz (including medium grade of 63kt @2.8g/t for 5.7koz) sets the Company up well for the start of FY26.

In addition, the June quarter ended with 2.8koz in GIC.

FY26 Guidance:

Gold Production Koz 140 – 155*
AISC A$/oz 2,800 – 2,900

Exploration & Resource Development $M 73
Growth Capital, comprised of: $M 86
– UG Development & Infrastructure $M 37
– Process Plant Upgrades $M 6
– Other Projects (e.g. airstrip, camps) $M 43

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To read the full news release, please click HERE

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Ora Banda Mining (ASX: OBM)

Povided an update on its continued exploration success at its high-grade Riverina Gold Camp, Waihi and Little Gem prospect.

Infill drilling between 500 to 1,000 metres below surface returns numerous highgrade intersections (>20 gram-metres) delivering at a very high hit ratio.

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Ora Banda Minesite – Credits Ora Banda Mining

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ORA BANDA MINING STRONG NEW DRILL RESULTS AT RIVERINA, WAIHI & LITTLE GEM

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Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to provide an update on its continued exploration success at its high-grade Riverina Gold Camp, Waihi and Little Gem prospect.

Highlights:

Riverina Deeps
Recent deep drilling at Riverina has confirmed a robust and continuous mineralised system expanding to 1,000 vertical metres, highlighting strong mineralised continuity and significant potential for future mine life extensions.

Riverina Deeps – Exploration
• Infill drilling between 500 to 1,000 metres below surface returns numerous highgrade intersections (>20 gram-metres) delivering at a very high hit ratio
• Mineralised system continues strongly at depth with the Company continuing to
work towards an updated Mineral Resource Estimate (MRE)
• Significant results include:
o 1.7m @ 76.4 g/t Inc. 1.0m @ 129.5 g/t o 4.7m @ 12.5 g/t Inc. 0.5m @ 108.0 g/t
o 11.8m @ 9.8 g/t Inc. 2.2m @ 21.0 g/t o 2.0m @ 28.2 g/t Inc. 1.2m @ 43.9 g/t
& Inc. 4.2m @ 11.8 g/t o 3.1m @ 18.0 g/t Inc. 1.0m @ 51.2 g/t
o 4.3m @ 24.6 g/t Inc. 0.8m @ 34.4 g/t o 2.5m @ 19.7 g/t Inc. 1.3m @ 36.2 g/t

..

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Waihi Exploration

• An initial seven-hole program has been completed at Waihi providing material
depth extensions to the known mineralisation
• Hole WHDD25004W1 intersected a new mineralised zone in the footwall of the
main mineralisation at 330 metres below surface, returning 8.7m @ 9.3g/t,
including 1.1m @ 30.2 g/t and 0.4m @ 90.6 g/t. The zone remains open in all
directions
• Other significant intersections include:
o 1.5m @ 18.6g/ Inc. 0.4m @ 72.5g/t
o 0.4m @ 18.0g/t & Inc. 0.3m @ 229.0 g/t
o 5.8m @ 2.5 g/t
o 1.5m @ 8.1 g/t

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

“These strong new drill results across three distinctly different areas are testament to
prospectivity of the Davyhurst Gold Project.

 

“We remain extremely active on the drilling front, with five surface rigs turning and five underground rigs active which combined are producing more than 850 metres of diamond core a day.

 

“This accelerated drill rate is a key driver for the business as we look to rapidly grow our
mineral resources, extend existing project mine life and identify new mines to develop.

 

“We think the Waihi results in particular are very significant as they continue to promote this deposit’s potential to become Ora Banda’s third underground mine.

 

“Likewise, the Little Gem – Sunraysia results are also exceptional given this is at an early greenfields stage on very wide space drilling.

 

“Proving approximately five kilometres of consistent and highly prospective strike, again with multiple lode surfaces, is an outstanding start to exploration in this area and we remain excited about the potential size of this system.”

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To read the full news release, please click HERE

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Mining Review 8th June 2025

A terrible end to the week saw three of our best tier 1 watchlist stocks crash in price, with only one, Ora Banda Mining actually announcing any bad news.

Orla Mining and G Mining Ventures reversed badly on no news, although the gold price fell around 1%, so that would account for some of the fall, but not all.

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Orla Mining – Musselwhite Gold Mine – Credits Orla Mining

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City Investors Circle Mining Review 8th June 2025

A terrible end to the week saw three of our best tier 1 watchlist stocks crash in price on Friday, with only one, Ora Banda Mining actually announcing any bad news.

Orla Mining and G Mining Ventures reversed badly on no news, although the gold price fell around 1%, so that would account for some of the fall, but not all.

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These three companies represent my largest personal holdings, so this was probably the biggest financial hit my personal portfolio has ever taken in a single day, and very painful.

I am a long term investor though, and I have learned to ride out some temporary market noise as long as the company fundamentals look similar to when I made my original investment decision.

I see no reason to sell any of the companies listed above, because I believe in their management’s ability, and the projects quality to create shareholder value over the longer term.

If Orla Mining falls much more I may take the opportunity to top up as I am underweight Orla, a mistake I would like to rectify if the opportunity presents itself.

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Silver is the metal to watch at the moment, it’s really on a march, up 9.8% in the week, whilst gold trod water.

The gold silver ratio is down at 92, against the recent high of 103.2.

The PGM group are also rising, with Platinum and palladium 7% and 6% respectively.

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A list of all the significant news releases from our watchlist companies is below, please click on the link to be taken to the full story.

  Ora Banda Mining Slumps on FY25 Guidance Update

  Caprice Resources $7M Placement to Accelerate Exploration

  Minerals 260 Bullabulling Gold Project Drilling Results

  West Red Lake Gold Highlights Bulk Sample Learnings

  G2 Goldfields Drills 76m @ 1.5 g/t Au and 3m @ 12.5 g/t Au

  Barton Gold $3m Premium Placement Complete, Drilling Underway

  Market Review May 2025 Published

.——-

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Market Data

Weekly Price Changes

(US$ unless stated).

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Ora Banda Mining (ASX: OBM)

Provided an update on guidance for the Davyhurst Project for FY25.

 Gold production for April and May totalled 12.1koz, taking May YTD gold production to 82.5koz. OBM reduced FY guidance by 5,000 ounces of gold, and increased AISC by 4%.

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Riverina mine – Courtesy of Ora Banda Mining

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Comment

 

This is clearly disappointing news from a company that has done very well to date, in achieving virtually all of its stated objectives.

 

Having said that, a share price crash of 14% looks overdone given that production is rising and the gold price is far higher than most would have dared believe when guidance was originally given.

 

Production missed by 5% and AISC by 4%, which is hardly catastrophic, especially given the high gold price and the company stating that production is 35% above FY24.

 

I have a feeling that for some this may well present an opportunity to invest for the longer term. 

 

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ANNOUNCEMENT
6 June 2025

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Ora Banda Mining Slumps on FY25 Guidance Update

Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) provides an update on guidance for the Davyhurst Project for FY25:

• Gold production for April and May totalled 12.1koz, taking May YTD gold production to
82.5koz.

The forecast for June is to produce up to 12.5koz, with June quarter production
anticipated to be ~24.5koz.

• The reduction in ounces produced has primarily been caused by extended downtime
from the processing plant due to the installation of lifter and lining upgrades to the
primary mill.

In addition, the commissioning and ramp up of the mill has taken longer
than expected to achieve targeted daily throughput rates of 3,700-4,000tpd.

• The processing plant works and commissioning are now complete. The processing plant has demonstrated the required performance of up to 4,000tpd, resulting in the month of June forecast to produce up to 12.5koz, which is the target monthly rate to achieve annual production of 150koz.

• Mining performance is delivering well. In June alone, mining from Riverina (8.5koz) and Sand King (6.0koz) is forecast to deliver ~14.5koz as Riverina continues, and Sand King ramps up to steady state, as expected.

In addition to this, and due to the extended downtime and lower mill throughput during commissioning, ore stockpiles at the end of May increased to ~83kt @ 2.8g/t for 7.5koz of medium grade ore and 114kt at 1.2g/t for 4.4koz of low grade.

• Based on the current performance and stockpile levels, FY25 total production is expected to be ~95koz, which is 5% below the lower end of guidance of 100koz. AISC is expected to be ~2,600/oz, which is 4% above the top end of previous guidance of $2,500/oz.

• The expected FY25 production of ~95koz is an overall increase of 35% from FY24
production of 70koz.

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To read the full news release, please click HERE

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Mining Review 16th March 2025

A busy week with Awale Resources, Cabral Gold, Meeka Metals and Ora Banda Mining all releasing positive drill results.

Gold briefly touched $3,000 before retracing slightly, as the US continues to suck in gold from around the world.

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Orla Mining – Musselwhite Gold Mine

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City Investors Circle Mining Review 16th March 2025

Gold briefly touched $3,000 before retracing slightly, as the US continues to suck in gold from around the world. One theory is this is because US banks have to comply with Basel 3 by mid-year, and are importing gold to cover bullion they leased out years ago.

Most precious and base metals ended the week higher after yet another positive stimulus message from the Chinese governement.

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Mining Review

A busy week with Awale Resources, Cabral Gold, Meeka Metals and Ora Banda Mining all releasing positive drill results.

Awale have recorded some of the highest grades in Africa in the last year and high-grade discoveries continue to be made on very prospective land in the Ivory Coast.

Cabral have been quiet for a while but have now announced some new gold discoveries that boosted the share price. CEO Alan Carter has a large personal investment here bought in the market.

Meeka Metals, on the cusp of initial production in Western Australia announced a new gold discovery.

Ora Banda Mining, also in Western Australia, announced an “outstanding” discovery as they expand production and exploration at their Daveyhurst project.

All of this week’s stories can be read in full by clicking the links below.

 Cabral Gold Trenched 20m @ 3.6 g/t Gold at Machichie

  Awalé Resources Updates on Drilling at High-Grade Gold Target

  Ora Banda Mining’s New Outstanding Gold Discovery

  G Mining Ventures CEO Named Producer of the Year

  G Mining Ventures Commences Construction at Oko West

  Capricorn Delivered Strong Half Year Results

  Orla Mining Completes the Musselwhite Acquisition

  Meeka Metals Discovers a New High-Grade Gold Zone

PDAC 2025 reviews can be read below

  PDAC 2025 Day 4

  PDAC 2025 Day 3

 PDAC 2025 Day 2

  PDAC 2025 Day 1

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.

Market Data

Weekly Price Changes

(US$ unless stated)

.

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

At the time of writing the author may hold positions in any of the stocks mentioned.

.

Ora Banda Mining (ASX: OBM)

Updated on its continued exploration success at the high-grade Riverina Gold Camp.

Following the initial success of the original Little Gem EIS diamond hole LGDD24001 which identified high grade gold mineralisation (4.7m @ 7.4g/t) Ora Banda has completed a further five-hole diamond program (1,849 metres).

/

Ora Banda Mining Minesite

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.

.

.Ora Banda MIning Announces 

OUTSTANDING EXPLORATION RESULTS AT LITTLE GEM, CONFIRMS A GREENFIELDS DISCOVERY

Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to provide an update on its continued exploration success at the high-grade Riverina Gold Camp.

Following the initial success of the original Little Gem EIS diamond hole LGDD24001 which identified high grade gold mineralisation1 (4.7m @ 7.4g/t) associated with carbonate units brecciated by actinolite, Ora Banda has completed a further five-hole diamond program (1,849 metres).

These five holes have confirmed the presence of the carbonate host units over 1,600
metres of strike and down to 400 vertical metres below surface (mbs).

Highlights:
• Follow up drilling at Little Gem has intersected two wide, high-grade lodes 400
metres below surface in hole LGDD25005 as follows:
o 22.7m @ 5.0 g/t
• Inc . 14.5m @ 6.8 g/t
• Inc. 6.2m @ 10.8 g/t
o 10.9m @ 6.4g/t
• Inc. 3.6m @ 16.9g/t
• Inc. 0.95m @ 55.9 g/t

• Ora Banda has committed to an immediate 16-hole follow-up program to test over
4.7km’s of prospective strike from Little Gem through to Sunraysia.

.

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

“These outstanding results at Little Gem have been achieved through exceptional geology work, done well, and is exactly how deposits should be discovered.

 

“These latest discovery intercepts at Little Gem are landmark because they open our eyes to a new 4.7km long target zone that runs all the way from Sunraysia to British Lion.

 

“To put this into context, this is more than double the current strike length of the known Riverina orebody.

 

“Consequently, we’ve committed to a priority 16-hole starter drill program which will test the carbonate horizons along the 4.7km strike and down to a depth of 400m.

 

“We are very much looking forward to seeing what this program delivers.”

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To read the full news release, please click HERE

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Mining Review 16th February 2025

Horizon Metals announced the processing of the first ore from the Phillips Find gold mine. Ora Banda Mining announced good drill results from their Riverina gold project.

The price of gold jumped but with Donald Trump and Vladimir Putin talking about peace, what will happen if the Ukraine war finishes?

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Calibre Mining – El Limon Mine, Nicaragua

City Investors Circle Mining Review 16th February 2025

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The price of gold jumped again, but with Donald Trump and Vladimir Putin talking about peace, what will happen if the Ukraine war finishes?

I fear any sign of a peace settlement will drive the price of gold downwards fairly quickly, and that would remove some of the gains made recently in the producing gold miners. 

I am an investor rather than a trader, but if such a move happens I may be tempted to reduce some of my holdings in my ISA (As there’s no CGT issue), and look to re-invest at a lower level in the same companies.

It’s going to be tough call, and valuations may fall faster than we would like if such a scenario arises, but it’s one I’m looking at.

——-

Horizon Metals announced the processing of the first ore from the Phillips Find gold mine. They are one of three companies moving into production that I have recently invested in due to their policy of early stage mining to self fund ongoing exploration, thus avoiding dilution.

Ora Banda Mining announced good drill results from their Riverina gold project. The share price has just reached A$1, four times my original purchase price less than a year ago. How I wish I could repeat that sort of decision more often!

——-

  Ora Banda Announced Successful Drilling at Riverina

  Horizon Minerals Processes First Ore at Phillips Find

  Lefroy Exploration executed Agreement to mine the Lucky Strike gold deposit

  Capricorn Metals Acquired Mummaloo to Expand Mt Gibson Tenure

  Calibre Mining Expanded Mineralization to Surface at Frank

  Horizon Minerals Poseidon Takeover Gets The Green Light

  Mining Review 9th February 2025

——-

..

——-

.

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

At the time of writing the author may hold positions in any of the stocks mentioned.

.

Ora Banda Mining (ASX: OBM)

Provided an update on its continued exploration success at the high-grade Riverina Gold Camp.

Deep drilling at Riverina Underground confirms continuity of high-grade gold
mineralisation over 300m below the current mine plan, with the drill campaign still
progressing.

.

.

.

.

ORA BANDA – SUCCESSFUL EXPLORATION DRILLING AT RIVERINA PAVES
THE WAY FOR MULTI-YEAR MINE LIFE EXTENSION

Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to provide an update on its continued exploration success at the high-grade Riverina Gold Camp.

Highlights:

• Deep drilling at Riverina Underground confirms continuity of high-grade gold
mineralisation over 300m below the current mine plan, with the drill campaign still
progressing
• Extensional drilling from Riverina Underground extends mineralisation in central
area resulting in immediate additions to mine plan
• Potential new greenfields discovery at Little Gem, located 2.5km south along strike
of Riverina Underground with first drill hole intersecting 3 parallel lodes, at good
grade and width
• Board has approved additional spend of $16 million in Exploration & Resource
Development and $29 million in Capital to rapidly advance drilling and expand
infrastructure.

Since October 2024, two surface diamond drill rigs have been drilling to test depth extents at the Riverina Underground as well as 2 underground drill rigs focussing on near mine extensions. 

These programs are approximately 50% complete, however have delivered significant results by extending known structure and mineralisation to over 1km deep, which is 800m below the current working level and 500m below current mine plan.

In addition, the deep drilling has identified a high-grade shoot that is over 600m below current workings and 300m below current mine plan with intersections of 2.9m @ 36.0 g/t and 2.9m @ 18.9 g/t on the main lode and remains open at depth.

Significantly, the latest drilling results demonstrate the continuity of the mineralised structures which remain open and display strong tenor and grade in the deepest holes.

The main lode mineralised structure has been intersected in its anticipated position despite large step outs and drill hole depths in excess of 1km.

The high-grade shoot style of the mineralisation is consistent with what is observed in the current underground workings.

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

“The significant results that are flowing from deeper drilling at Riverina Underground are nothing short of remarkable and point to a future step change for the business as we can now see through to a multi-year expansion in mine life.

“Equally as exciting has been the first hole, a potential greenfields discovery, at Little Gem. The tenor of Little Gem’s mineralisation and its multi-lode structure exemplifies the highly prospective nature of the Riverina trend.

 

“We will be following up the discovery hole and otherprospects to the south as a priority.

“With the potential value creation that extending and expanding Riverina presents, the additional exploration and capital spend approved by the Board sets Ora Banda on the path of rapidly realising further value from the drill bit.”

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To read the full news release, please click HERE

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Mining Review January 2025

City Investors Circle Mining Review for January 2025 has been published.

The highlighted company is Catalyst Metals.

Companies reporting good news included Calibre Mining, Orla Mining, Gold Road Resources and Ora Banda mIning.

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City Investors Circle Mining Review January 2025

City Investors Circle Mining Review for January 2025 has been published.

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The highlighted company is Catalyst Metals.

Companies reporting good news included Calibre Mining, Orla Mining, Gold Road Resources and Ora Banda mIning.

The review also lists the most significant news from our watchlist companies during January.

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To read the January 2025 Mining Review, please click HERE

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The review highlights the increasing price of Antimony due to Chinese and Russian domination of the market.

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Links to all our news reports from January 2025 are below, click the link to be taken to the full story.

  Awalé Hits 2.5 g/t Gold Eq. over 34m at the BBM Zone

  Calibre Pours its One-Millionth Ounce of Gold in Nicaragua

  West Red Lake Gold Has New Targets from Surface Sampling

  Gold Road Announces Strong Outlook and Guidance for Gruyere in 2025

  G Mining Ventures Outlines Outlook for 2025

  Ora Banda Mining December Activities Report

  Mining Review 26th January 2025

  Wesdome Gold Provides Eagle River Exploration Update

  Capricorn Announce the Acquisition of Deadman Flat Project

  Westgold Production lifts again in Q2, FY25

  Calidus Resources Delisted From the ASX

  West Red Lake Gold Intersects 45.70 g/t Au over 3.85m

  Lefroy and BML Ventures to Advance the Lucky Strike Gold Deposit

  Gold Road Announce Positive Gilmour PFS

  Mining Review 19th January 2025

  American Creek’s JV Partner Tudor Gold Intensifies Exploration Efforts

  Orla Mining Achieves Record Annual Gold Production

  Meeka Metals Announce High-Grade Gold at Turnberry

  Meeka Metals – Initiating Coverage

  Orla’s Proxy Advises Shareholders to Vote for the Musselwhite Acquisition

   Westgold Group Production Lifts in Q2 FY25

  Mining Review 12th January 2025

  Calibre Delivers Record Q4 Gold Production of 76,269 Ounces

  Faraday Copper Intersects 40.06 m at 0.78% Copper

  West Red Lake Gold Announces Positive Pre-Feasibility Study for Madsen

  G Mining Ventures Receives Vital Permit for Oko West

  G2 Goldfields Announces Filing of Reports for Proposed Spin-Out

  Gold Road Announces Record Production in December

  Mining Review 5th January 2025

  Perpetua Receives the Final Permit for Stribnite

  American Creek Resources Announces Amendment to Plan of Arrangement

  Market Review for December 2024 published

Live metal prices 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

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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.

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Ora Banda Mining (ASX: OBM)

Reported on its activities for the December 2024 quarter – a period during which the Company demonstrated the robustness of its underground strategy with cashflow increasing over $9 million despite spending over $30 million on growth.

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December 2024 – ORA BANDA MINING QUARTERLY ACTIVITIES REPORT

Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to report on its activities for the December 2024 quarter – a period during which the Company demonstrated the robustness of its underground strategy with cashflow increasing over $9 million despite spending over $30 million on growth.

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Highlights

Cash builds to $57.8 million with Riverina Underground fully paid back
Investment of $30.8 million into growth projects and exploration continues ramp up to
150koz in FY26
Sand King Underground on target to deliver additional higher-grade feed as it advances
to steady state production in FY25

• No Lost Time Injuries
• Gold sold of 22,288oz, taking total first half FY25 gold sold to 47,824oz
• Gold production of 22,973oz with first half FY25 gold produced at 47,300oz
• Sand King Underground ramp up on track to deliver up to 21koz in a stronger second half of FY25
• Riverina Underground achieved payback in the quarter generating positive cash flows only 18 months after commencement. Riverina Underground mined grade continues to reconcile above forecast
• Davyhurst mill throughput increased 9% from the prior quarter to 280kt as upgrades take effect, more improvements are planned for the remainder of FY25
• AISC for the quarter was A$2,536/oz sold, inclusive of $116/oz of non-cash share-based payments and $183/oz relating to the treatment of higher-cost open pit stockpiles mined in prior periods which are now depleted
• Closing cash lifts to $57.8 million, a $9.1 million increase from the prior quarter, after incurring total capital, resource development and exploration expenditure of $30.8 million as follows:
o $20.8 million on Riverina & Sand King Underground development;
o $4.5 million on growth infrastructure; and
o $5.5 million on resource development & exploration activities.
• Available inventory on hand at quarter end totalled 7.5koz, including 3.3koz in GIC

Riverina Underground operation achieved payback of its capital investment within 18 months of the portal being established and the Sand King Underground operations intersected first ore just four months after the portal was established.

Riverina Underground operation continued to deliver physicals which are in line with the required run-rate to achieve FY25 production guidance. As development progresses, the establishment of more levels open will provide additional mining fronts and mining options as the year progresses.

Total ounces mined for the quarter were 22,187oz at 4.4g/t including low grade material. Overall mined grade of 5.3g/t continues to reconcile above the Ore Reserve grade of 4.2g/t with the highergrade lodes extending more than modelled.

The Sand King Underground mine achieved first development ore in December 2024 and remains on track to achieve first stoping ore in March 2025. The development ore will be batched through the Davyhurst mill commencing in February 2025.

This will be achieved 14 months after the first drill hole targeting underground mineralisation was completed.

The Davyhurst mill had a strong quarter, processing 280kt of ore at a head grade of 2.9g/t. Riverina medium and high grade (average 4.9g/t) comprised only 41% of the feed, with the low-grade open pit legacy stockpiles and low-grade Riverina ore (together averaging: 1.5g/t) filling the remainder of the mill capacity.

These low-grade feed sources are expected to be progressively replaced by
higher grade Sand King material in H2 FY25 and FY26.

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

“It is a testament to the quality of Riverina Underground that it has paid itself back in just 18 months and is now delivering strong cash flows which will self-fund Ora Banda’s production outlook towards 150koz in FY26.

 

“With Sand King Underground progressing on schedule, we have also reached an inflection point whereby the higher-grade feed from Sand King will progressively fill the Davyhurst mill, paving the way for production and cashflow to increase and costs to reduce.

 

“As the business strengthens and the results start to come through on our exploration programs, we will be in a position to rapidly advance any additional opportunities that exist in our portfolio”.

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To read the full news release, please click HERE

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City Investors Circle Market Review

Market Review for December 2024 has been published.

The highlighted company is Awale Resources.

Ora Banda Mining was the biggest riser of the year at 207%.

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Ora Banda minesite camp, Western Australia

City Investors Circle Market Review December 2024

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Market Review for December 2024 has been published.

The highlighted company is Awale Resources.

Ora Banda Mining was the biggest riser of the year at 207%.

We review the top tier watchlist of producing gold miners and an average gain of 70% over 2024, whilst the gold price rose 27%.

We maintain our stance on producing gold miners as being the place to invest in 2025 given the high gold price driving additional revenue to the bottom line.

To subscribe to our free newsletter and free to attend company presentations, please email andrew@city-investors-circle.com

To view the December 2024 newsletter please click HERE

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Live metal prices 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

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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.

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Ora banda Mining (ASX: OBD)

The company is the winner of the inaugural Mining.com.au Masters of Mining Emerging Explorer Award.

The award recognises an exploration company the market is beginning to notice due to a series of successes and positive outcomes, or whose market value has increased significantly over the course of the year, outperforming their peers.

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Ora Banda minesite, Western Australia

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Ora Banda Wins The Mining.com.au Masters of Mining Emerging Explorer Award

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Ora banda Mining (ASX: OBD)

The company is the winner of the inaugural Mining.com.au Masters of Mining Emerging Explorer Award.

The award recognises an exploration company the market is beginning to notice due to a series of successes and positive outcomes, or whose market value has increased significantly over the course of the year, outperforming their peers.

The full article regarding the award and the thesis for it can be read HERE

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To read the full news release, please click HERE

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Mining Review 22nd December 2024

A busy week for news as the festive season approaches.

Westgold Announced an increase to production at Meekathara, and Ora banda Mining interescted first gold at Sand King.

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Ora Banda Mining Riverina portal

City Investors Circle Mining Review 22nd December 2024

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A busy week for news as the festive season approaches.

Westgold Announced an increase to production at Meekathara, and Ora banda Mining intersected first gold at Sand King.

All the news from our watchlist companies in the last week is below, click the lonks to be taken to the full story.

   Perpetua Resources Announced Continued Cooperation with U.S. Antimony

  Ora Banda Mining Intersected First Ore at Sand King

  Galiano Gold Announced a Buyout Of Offtake Agreement

  Westgold Announced Crown Prince Ore to Increase Production at Meekatharra

  PacGold Finds An extensive Geochemical Anomaly at Alice River

  Capricorn Metals Reserves Grow to 4 Million Ounces of Gold

  West Red Lake Gold Envisions a High-Grade Underground Satellite at the Fork Deposit

  Mining Review 15th December 2024

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Ora Banda Mining (ASX: OBM)

Provided an update on its Sand King Underground mine which forms part of the Davyhurst Gold Project. 

Sand King has achieved its first major milestone, intersecting multiple ore lodes in the first crosscut on the 315 Level. The mine remains on track to deliver first stoping ore in the March-25 Quarter.

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Ora Banda Mining – Sand King Decline

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Ora Banda Announce First Ore Interesected at Sand King

Highlights

• Sand King Underground mine development tracking to plan with first ore intersected just four months after portal establishment
• Initial grade control drilling confirms multiple mineralised lodes per level, including highgrade lodes in addition to bulk tonnage opportunities
• Surface Diamond Drilling extends and enhances 090 lodes in northern Sand King

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Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to provide an update on its Sand King Underground mine which forms part of the Davyhurst Gold Project and together with the Riverina Underground are the centrepiece of the Company’s DRIVE TO 150 Project with an annual production outlook of 140,000oz to 160,000oz in FY26.

Sand King has achieved its first major milestone, intersecting multiple ore lodes in the first crosscut on the 315 Level. This is in line with internal planning and the mine remains on track to deliver first stoping ore in the March-25 Quarter.

Steady state production of ~60kozpa is expected to commence in the June-25 Quarter.

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Since the establishment of the Sand King portal in late August this year, mine development has advanced on schedule and in good ground conditions with 427 decline metres and a total of 835 development metres achieved to date.

Underground diamond drilling for grade control is also underway at the mine with the rig completing 5,477 metres to date of the planned 45,400 metre program.

This initial program has confirmed multiple discrete high grade lodes and additional bulk tonnage opportunities at Sand King.

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Significant grade control results to date include:

o 6.0m @ 9.5 g/t Inc. 3.5m @ 13.7 g/t o 1.3m @ 17.6 g/t Inc. 1.0m @ 21.9 g/t
o 2

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The Company also recently conducted a small surface exploration drilling program at Sand King North. This 6-hole program targeted high-grade East-West ore structures and successfully infilled and extended the known lodes along strike.

Intercepts included:

o 8.0m @ 5.4 g/t Inc. 2.7m @ 13.6 g/t o 2.4m @ 11.5 g/t Inc. 0.4m @ 48.0 g/t
o 1.0m @ 31.3 g/t Inc. 0.5m @ 61.0 g/t o 2.2m @ 10.9 g/t Inc. 1.9m @ 11.9 g/t
o 13.6m @ 2.3 g/t Inc. 0.4m @ 13.4 g/t o 8.3m @ 2.9 g/t Inc. 0.5m @ 10.7 g/t

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Ora Banda’s Managing Director, Luke Creagh commented on the progress at Sand King

“Reaching first ore at the Sand King Underground mine is exciting, especially considering that this milestone has been achieved less than 4 months after establishing the portal, and 14 months after the first drill hole targeting underground was completed.

“The grade control and surface drilling has confirmed, enhanced and extended known mineralisation and we consider this to be at the early stages of unlocking the full potential of the Sand King mineralised system.

“As the ounce production from Sand King increases month-on-month, we are set up for a strong second half of the financial year. The combination of Riverina and Sand King high-grade ore delivers a step change to our production profile and cashflows, with a production outlook of 140,000oz to 160,000oz in FY26.”

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To read the full news release, please click HERE

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Ora Banda Mining (ASX: OBM)

Published a new corporate presentation on November 8th 2024.

OBM is one of the fastest growing ASX mining stocks in 2024.

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Ora Banda minesite, Western Australia

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Ora Banda Mining Publishes a New Investor Presentation

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Ora Banda Mining (ASX: OBM)

Published a new corporate presentation on November 8th 2024.

OBM is one of the fastest growing ASX mining stocks in 2024.

The new presentation can be viewed HERE

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To read the full news release, please click HERE

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Mining Review 8th September 2024

The major news this week was Ascot Resources placing their mine into care and maintenance so soon after opening the mine for production.

G Mining Ventures declared commercial production at TZ, and Westgold commenced mining at South Junction.

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City Investors Circle MIning Review 8th September 2024

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The major news this week was Ascot Resources placing their mine into care and maintenance so soon after opening the mine for production. This came as a complete shock, and I sold my shares in the company immediately.

By being in the UK I was able to steal a march on Canadian investors who woke up to the news that I had already digested, and I managed to sell at the open in the 20s before the share price crashed to 16 cents.

This is the second time Ascot has disappointed, and the last for me. They are indicating they need to raise yet more funds!  Sprott, who are a major investor, must be very disappointed.

The CEO needs to walk, and they need to bring in an experienced CEO in my opinion.

Ascot represented less than 1% of my portfolio, but a loss still hurts

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G Mining Ventures declared commercial production at TZ, showing how an experienced mamagement team handle a mining startup, please note Ascot!

Westgold commenced mining at South Junction in Western Australia.

Minera Alamos continue to struggle, as their latest Q2 finacial update confirms, so glad I bailed out of this when I did. I notice many newsletter writers are still onboard here, despite all the losses.

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All the signficant news from our watchlist last week is below, click on the link to be taken to the full story.

   Ascot Recources places Minto into C & M, Stock Crashes

   Westgold Commenced Mining at South Junction

  G Mining Ventures Declared Commercial Production at TZ Gold Mine

  Ora Banda Mining Gave a Davyhurst Gold Project Update

  Barton Gold High Grade Assays Confirm New Tolmer Gold System

  Minera Alamos Operations Update and Q2 Financials

  Mining Review 1st September 2024

  Market Review August 2024 published

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Market Data

Weekly % Price Changes

(US$| unless stated)

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.

.

.

Ora Banda Mining (ASX:OBM)

Povided an update on its Riverina and Sand King underground mines which form part of the Davyhurst Gold Project and together are the centrepiece of the Company’s DRIVE TO 150 Project with an outlook annual production of 140,000oz to 160,000oz in FY26.

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ORA BANDA MINING DAVYHURST GOLD PROJECT UPDATE

Ora Banda Mining Limited (ASX:OBM) (“Ora Banda”, “Company”) is pleased to provide an update on its Riverina and Sand King underground mines which form part of the Davyhurst Gold Project and together are the centrepiece of the Company’s DRIVE TO 150 Project with an outlook annual production of 140,000oz to 160,000oz in FY26.

Portal established and mining commenced Jumbo boring at the face Underground survey markup OBM Leadership Team after 1st firing

At Riverina, mining has been progressing steadily and remains on schedule with stoping and face advancement rates in line with expectations.

Excellent Drill Intercepts Highlight Riverina’s High-Grade and Consistency
Sand King Portal Established and Mining Underway Riverina Underground Mine
• Latest infill drilling results from Riverina underground confirm the consistency and highgrade nature of the Riverina ore lodes
• Results from 122 holes intersected significant gold intercepts above 10 gram metres on 102 occasions and included 45 intercepts over 20 gram metres
• A second underground diamond rig is scheduled to start mid-September to accelerate
resource extension and exploration drilling
• Two surface exploration rigs are scheduled to start early in the December-Quarter to
explore for southern extensions and depth extensions (Figure 5)
• Mining at Riverina remains on track with development and stoping performance in line
with expectations (See Figures 2 to 4)
• Significant intercepts from grade control infill drilling continue to demonstrate the highgrade and consistent nature of the Riverina main lodes, including:
o 2.7m @ 65.9g/t Inc. 2.1m @ 85.6g/t o 5.4m @ 6.4 g/t
o 4.4m @ 22.1 g/t Inc. 2.8m @ 33.6 g/t o 1.5m @ 23.2 g/t

The mine also continues to be the focus of increased exploration as Ora Banda seeks to test mineralisation extensions to the south-west and north-east.

Latest infill drilling up to July 2024 has provided excellent results and confirm the consistency and high-grade nature of the Riverina ore lodes. The results from 122 holes intersected significant gold intercepts above 10 gram metres on 102 occasions and included 45 intercepts over 20 gram metres.

A second underground diamond rig is scheduled to start mid-September to accelerate resource extension and exploration drilling plus two surface exploration rigs are
scheduled to start early in the December-24 Quarter to explore for southern extensions and depth extensions.

Mining operations have commenced at the Sand King underground mine with the portal
established and mine development underway. The decline is advancing well in good ground conditions and recruitment of specialty management and technical staff is well on track.

At Sand King, first development ore is expected in the December-24 quarter and first stoping ore in the March-25 Quarter with steady state of 60k ozpa commencing in the June-25 Quarter.

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

“As mining and drilling progresses at Riverina, our confidence is growing that we are only at the very early stages in unlocking what is presenting as a large and high-grade system.

 

“The addition of a second underground diamond rig as well as two surface drill rigs in the coming months is an exciting catalyst for the next wave of drill results as we target material extensions to the current Riverina system.

 

“Commencing Sand King is also an exciting time for the Company, demonstrating commitment to our strategy and placing us on the path to deliver 140,000 to 160,000oz in FY26.”

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To read the full news release, please click HERE

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Monthly Review May 2024

Has been published by City Investors Circle.

The highlighted company is Ora Banda Mining, and featured companies include Aris Mining and Karora Resources, plus a potential takeover target in Australia.

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G Mining’s TZ project vista, Tapajos, Brazil.

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City Investors Circle Monthly Review May 2024

The highlighted company is Ora Banda Mining, in production in Western Australia, looking ot increase gold production  from 70,000 Oz PA to 100,000 Oz PA in 2025.

Ora banda has a 110 KM trend with a “string of pearls” of targets, and are looking to pivot to underground mining for higher grades and lower costs.

AISC is around A$2,400, and the gold price in Australia is currently A$3,550, so plenty of cashflow to expand exploration and develop their other projects..

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Other featured companies include Aris Mining and Karora Resources, plus a potential takeover target rumour from Australia..

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Precious and industrial metal prices in May were virtually all positive, and we list the gainers and very few losers monthly changes..

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All the company news from May 2024 is listed below, please click on the link to be taken to the full story on the website.chives

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to our free to attend events,

please email andrew@city-investors-circle.com