Live News • 10h
Ora Banda Mining Extends Gold Mineralisation at Little Gem With Additional High-Grade Drilling Ora Banda Mining reported further drilling success at its Little Gem Prospect in Western Australia, extending the Sapphire lodes over more than 2.6 kilometres of strike and to around 200 metres depth, and the Gem lode system to roughly 4.7 kilometres of strike and 750 metres below surface, based on over 360 drill holes to date, with a maiden mineral resource estimate targeted for late 2026.
The company highlighted multiple parallel lodes and mineralisation that remains open along strike and at depth, which increases the potential scale of the Little Gem system and could influence future mine planning and capital allocation once resources are formally defined.
Ora Banda Mining shares trade at A$1.14, with the stock up 8.1% over the past week.
The expanded mineralised footprint at Little Gem provides greater visibility on the exploration pipeline, while the long lead time to a maiden resource introduces execution and funding risk as work continues toward the late 2026 target. Price Target Changed • Jul 17
Price target decreased by 10% to AU$1.66 Down from AU$1.85, the current price target is an average from 5 analysts. New target price is 54% above last closing price of AU$1.08. Stock is up 69% over the past year. The company is forecast to post earnings per share of AU$0.13 for next year compared to AU$0.10 last year. Live News • Jul 15
Ora Banda Mining Expands Davyhurst Gold Resources and Ore Reserves With Round Dam Milestone Ora Banda Mining has updated its Davyhurst Gold Project inventory to 3.69 million ounces of combined mineral resources and 610,000 ounces of ore reserves, including a significant increase at the Round Dam pit and a maiden Round Dam Ore Reserve of 223,000 ounces.
The reserve base now spans five main mining sources at Davyhurst, which gives Ora Banda more options on where to mine and supports its “Drive to 300” plan to lift production above 300,000 ounces per year, supported by a planned 340,000 meters of drilling in FY 2027.
Ora Banda’s share price is A$1.11, with the stock down 27.6% year to date, despite the larger resource and reserve position being outlined.
The key takeaway is that Ora Banda now has a larger, more diversified resource base, and investors still need to weigh that against execution risks around developing multiple sources and funding a substantial drilling program. 
