What is the significance of the Little Gem prospect?

Little Gem is showing characteristics of a large-scale multi-lode gold system, expanding Ora Banda’s future mining potential.

How is Ora Banda Mining funding its exploration and development?

The company is leveraging its strong cash position to support drilling, mine development, and infrastructure expansion.

What other prospects are contributing to Ora Banda's growth?

Sand King and Riverina underground mines, along with Waihi drilling results, are key contributors to ongoing project development.

Ora Banda Mining Unlocks New Depth at Little Gem in ASX Gold Push

3 min read | July 30, 2025 08:50 PM AEST | By Team Kalkine Media

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Ora Banda Mining Unlocks New Depth at Little Gem in ASX Gold Push — Image source: Shutterstock

Expanded Gold Strike Zone at Little Gem

The company’s second phase of drilling at Little Gem has delivered encouraging geological insights. Conducted across key carbonate horizons, the diamond drilling program intersected new zones of gold mineralisation at depth, building upon earlier exploration success. The results have revealed four distinct mineralised lodes — Diamond, Ruby, Sapphire and Tanzanite — with Diamond and Ruby receiving priority for further infill and step-out drilling.

Next Phase of Exploration Underway

With the momentum of the expanded system, Ora Banda has launched a new 38-hole drilling campaign. This initiative aims to further define the geometry and continuity of the high-grade structures. Additional exploratory work is also being planned to evaluate the broader strike potential of the system and test its depth extension.

Steady Operations at Sand King

The Sand King underground mine continues to meet operational expectations, contributing steadily to overall ore output. Despite processing constraints at the Davyhurst plant, ore production remained strong, with excess ore being sent to a third-party mill to maintain throughput levels.

Riverina Progress and Temporary Delays

The Riverina underground development experienced delays due to limited rig availability, resulting in a short-term deferral of some higher-grade stope mining. However, development and stoping activities have continued with consistency, ensuring the project remains on track for future output.

Waihi Adds to Exploration Momentum

Drilling at the Waihi prospect uncovered a new mineralised zone beneath historical workings, further reinforcing the geological potential across Ora Banda’s portfolio. A follow-up drilling program is already planned to better understand this zone’s extent.

Strengthened Financial Position

Ora Banda closed the financial year with a solid cash balance despite significant capital investment in resource growth, infrastructure, and underground development. The company’s forward strategy includes scaling production and enhancing processing capabilities to support long-term output targets.

Frequently Asked Questions

What is the significance of the Little Gem prospect?
Little Gem is showing characteristics of a large-scale multi-lode gold system, expanding Ora Banda’s future mining potential.
How is Ora Banda Mining funding its exploration and development?
The company is leveraging its strong cash position to support drilling, mine development, and infrastructure expansion.
What other prospects are contributing to Ora Banda's growth?
Sand King and Riverina underground mines, along with Waihi drilling results, are key contributors to ongoing project development.

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