Ora Banda Update on Third Party Ore Processing
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 Mining | ASX: OBM | |
| Stage | Production + development | |
| Metals | Gold | |
| Market cap | A$2.65 Billion @ A$1.37 | |
| Location | Western Australia | |
| Website | www.orabandamining.com.au |
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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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Disclosure
At the time of writing the author holds shares in Ora Banda Mining.
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