ASX:OBMMetals and Mining
Ora Banda Mining (ASX:OBM) Is Down 7.6% After Major Resource Upgrade at Davyhurst Gold Project
Ora Banda Mining recently released its Annual Mineral Resources and Ore Reserves Statement as at 1 April 2026, highlighting a 75% uplift in total Mineral Resources to 56.5 Mt at 2.0 g/t for 3.69 Moz and a very large increase in Ore Reserves to 8.4 Mt at 2.3 g/t for 610 Koz at the Davyhurst Gold Project.
A key driver was the Round Dam deposit, where intensive drilling turned a previously modest inventory into a +1.3 Moz Mineral Resource and a maiden 223 Koz Ore Reserve, substantially...