Ora Banda drills further into high-grade gold at Little Gem and Riverina

• OBM reports expanded mineralisation at Little Gem and Riverina gold camps
• Drilling forms part of plans to grow production and mine life at Davyhurst
• Company expects to release mineral resource for Little Gem next year

Special Report: Ora Banda has reported more assays that continue to expand the Little Gem prospect and Riverina gold camp at its Davyhurst project in WA.

The prospect is one of many at the project, which has enjoyed record production and gold prices this year, and produced 30,595oz of gold for the September quarter.

The Phase 3 drilling at Little Gem is part of the company’s plans to organically grow production and extending mine life at the project. Already the program has shown the prospective strike is over 1000m, and gold mineralisation is continuing to expand 1200m and 700m vertical below surface and open in all directions.

Assays for around 50% of the holes drilled to date have been received, with significant intercepts including:

• 25.6m at 4.3 g/t including 2m at 17.2 g/t;
• 13.8m at 5.4 g/t including 0.5m at 32.5 g/t and 3m at 10.2 g/t; and
• 3.9m at 5.5 g/t including 1m at 19.6 g/t.

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Notably, the near-surface potential is highlighted by shallower results including 9m at 8.1g/t located 70m below surface (mbs) and 15m at 4.2g/t (120mbs).

Ora Banda (ASX:OBM) expects to complete the current Phase 3 drill program by mid-November.

At Riverina, surface and underground resource definition and extension drilling continues with 88 holes completed over 25,000m, with notable assays including:

• 3.4m at 51.7 g/t including 1m at 172.4 g/t;
• 2.6m at 63 g/t including 0.3m at 505 g/t;
• 1m at 164.6 g/t;
• 4.1m at 35.4 g/t including 0.5m at 264 g/t; and
• 2.2m at 56 g/t including 0.8m at 157 g/t.

The company says the mineralised system continues strongly at depth and highlights the potential for continued resource and reserve growth.

Targeting resource estimate at Little Gem

At Little Gem, a Phase 4 drill program is planned with additional rigs scheduled to commence in early January 2026 to complete infill drill spacing ahead of an expected maiden mineral resource estimate later in 2026.

At Riverina Deeps, surface and underground resource extension and infill drilling continues to define a robust and continuous mineralised system expanding beyond 1,000m vertically.

Since the last exploration update was announced in June, 18 surface holes for 6,000 metres and 70 underground holes for 19,000 metres have been completed.

“The latest drilling continues to expand the Little Gem mineralisation system with wide, high-grade intercepts at good predictability across a large area,” MD Luke Creagh said.

“We plan to start infill drilling at Little Gem with additional rigs in January in order to release an expected Maiden Resource Estimate later in 2026.

“Meanwhile, surface and underground extension drilling at Riverina has reinforced our view on the potential of the orebody at depth and increases our confidence in the extension of Riverina’s mine life as drilling progresses.”

This article was developed in collaboration with Ora Banda, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.