Ora Banda Mining becomes Australia’s newest gold producer with two operating gold mines and a third in development

Ora Banda Mining Ltd is a uniquely positioned gold exploration and development company as 100% owner of the Davyhurst Gold Project in the highly productive eastern goldfields region of Western Australia.

Davyhurst is located just 120 km north-west of Kalgoorlie. The region is host to multiple gold deposits with Ora Banda Mining currently carrying a total mineral resource inventory of 2.00 Moz at an average grade of 2.5 g/t Au. 

Ora Banda Mining Ltd (ASX:OBM, OTC:ESGFF) Ltd has uncovered a suite of strong drill results from ongoing exploration at its Riverina, Waihi and Little Gem prospects in WA, which supports its strategy to grow resources and extend mine life at the Davyhurst Gold Project.

“These strong new drill results across three distinctly different areas are testament to prospectivity of the Davyhurst Gold Project,” managing director Luke Creagh said.

"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.

Ora Banda Mining Ltd (ASX:OBM, OTC:ESGFF)Ltd has updated its production guidance for the 2025 financial year (FY25), forecasting gold output of approximately 95,000 ounces—down 5% from the lower end of its previous guidance. Despite this revision, the company expects FY25 production to represent a 35% increase on the 70,000 ounces delivered in FY24.

The company attributed the revised outlook primarily to delays during mill upgrades and ramp-up but notes that mining performance remains strong, with June quarter production set to reach around 24,500 ounces.

Ora Banda Mining Ltd delivered a solid March 2025 quarter, increasing its gold sales, advancing underground development, and confirming significant high-grade gold mineralisation at its key Western Australian assets.

Gold sold rose by 6% from the prior quarter to 23,643 ounces, bringing the financial year-to-date total to 71,467 ounces—already exceeding the full-year figure for FY24 with one quarter remaining. Production rose marginally to 23,150 ounces, while the all-in sustaining cost (AISC) fell 3% to A$2,470 per ounce sold, including A$102 per ounce in non-cash share-based payments.

Ora Banda Mining Ltd (ASX:OBM) has increased the ore reserve at its Davyhurst Gold Project in the Goldfields region of Western Australia to 6.2 million tonnes at 2.4 g/t gold for 470,000 ounces.

The company has completed an update of mineral resources and ore reserves for the period ending June 30, 2021, taking into account mining depletion with the increase in reserves particularly encouraging.

Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Ora Banda Mining Ltd (ASX:OBM).

The company has intersected its first ore at the Sand King Underground Mine, part of the Davyhurst Gold Project in Western Australia and its ‘DRIVE to 150 Project’.

Multiple ore lodes were intersected in the first crosscut at the 315 Level, just four months after establishing the portal, aligning with internal schedules.