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Highlights
Ora Banda Mining outlines a major production uplift for FY26 following robust FY25 results
New underground mines and third-party processing deals enhance output strategy
Company unveils large-scale drilling and infrastructure investment to support future expansion
Ora Banda Mining Ltd (ASX:OBM) has positioned itself for accelerated growth across the All Ordinaries following a record operational year. The company, which also trades on the OTC markets under ESGFF, delivered substantial production increases during FY25 and is setting its sights on an even more ambitious output target in FY26.
The company has outlined plans for operational scaling, deeper resource development, and infrastructure upgrades — a strategy that aims to extend mine life and support future throughput capacity.
FY25 Output Supported by Underground Mine Ramp-Up
Ora Banda delivered its highest annual gold production in FY25, underpinned by the ramp-up of the Sand King Underground mine and extended activity at the Riverina Underground operation. Despite encountering initial delays in the Riverina ramp-up and some processing constraints, total production included material processed externally through third-party agreements, supplementing internal output.
The company also reported a healthy ore stockpile and maintained a strong cash balance, which supports upcoming investments in growth infrastructure and operational development heading into FY26.
FY26 Strategy Anchored by Increased Production and Processing Capacity
For the year ahead, Ora Banda is targeting a significant lift in gold production, underpinned by contributions from both Sand King and Riverina mines. A non-binding ore sale agreement with Norton Gold Fields is expected to add further capacity, with plans to convert it into a binding arrangement that could enable substantial third-party processing.
In support of this target, the company is allocating substantial capital towards underground mine development, process plant enhancements, and associated site infrastructure. This includes airstrips, haul roads, and accommodation upgrades, all intended to improve operational efficiency and long-term sustainability.
Exploration Budget to Drive New Discoveries and Mine Life Extension
A cornerstone of Ora Banda’s growth blueprint is a substantial investment in exploration and resource development. The company has set aside a sizeable budget to drill hundreds of kilometres across its tenement package, representing the most aggressive campaign in its operational history.
Drilling will focus on extending mineralisation at Riverina and Sand King while exploring new zones such as Waihi, which is being assessed as a third underground development. Additional targets including Little Gem, Round Dam, and Mulline are also expected to receive attention.
Leadership Emphasises Long-Term Growth Vision
Ora Banda’s management has highlighted the strong operational platform established during FY25 as a launchpad for further growth in FY26. The company’s strategy centres on scaling production, expanding exploration, and improving infrastructure to support increased throughput over the medium term.
