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Asia

Ora Banda Mining Strategically Positioned to Unlock Value From Prospective Land Package in Fiscal 2027, Euroz Hartleys Says

Ora Banda Mining (ASX:OBM) is well capitalized, well resourced, and strategically positioned to unlock further value from its highly prospective land package in fiscal 2027, Euroz Hartleys said in a Thursday note.The company started underground mining at the Waihi deposit, located three kilometers west of its Davyhurst processing plant in Western Australia. Waihi will be the third underground ore source which the firm has brought online over the preceding three years.Golden Pole and Waihi could be an important contributor to the new processing facility at Davyhurst, Euroz Hartleys said.The pending maiden mineral resource estimate for the Little Gem prospect in Western Australia as a key near-term catalyst, the investment firm said, adding that the initial resource is expected to be released during the September quarter.The investment firm reiterated its buy rating and AU$2.10 price target on Ora Banda Mining.The gold producer's shares were down almost 5% in recent Friday trade.

ASX:OBM
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Thursday.St Barbara Limited (ASX:SBM): +15%, AU$0.84Sunrise Energy Metals (ASX:SRL): +8%, AU$22.05PDI Gold Limited (ASX:PDI): +7%, AU$4.67PT Antam (Persero) Tbk (ASX:ATM): +7%, AU$0.98Ora Banda Mining (ASX:OBM): +5%, AU$1.59Southern Cross Gold (ASX:SX2): +5%, AU$12.73West African Resources (ASX:WAF): +3%, AU$3.90Eagers Automotive (ASX:APE): +4%, AU$20.52Megaport Limited (ASX:MP1): +4%, AU$18.40Karoon Energy (ASX:KAR): +3%, AU$1.84

ASX 200ASX:APEASX:ATMASX:KARASX:MP1ASX:OBMASX:PDIASX:SBMASX:SRLASX:SX2ASX:WAF
Asia

Ora Banda Mining Extends Contract With MLG Oz

Ora Banda Mining (ASX:OBM) extended its contract with MLG Oz (ASX:MLG) for services provided at the Davyhurst project in Western Australia, according to a Thursday filing with the Australian bourse.The deal is expected to generate about AU$16 million of annual revenue for MLG Oz over three years, the filing said.

ASX:MLGASX:OBM
Asia

Ora Banda Mining Commences Underground Mining at Western Australia's Waihi

Ora Banda Mining (ASX:OBM) began underground mining at the Waihi deposit, located three kilometers west of its Davyhurst processing plant in Western Australia, alongside further high-grade drill results at the Golden Pole and newly identified Midnight prospects, according to a Thursday Australian bourse filing.The results were of up to 11.5 meters at 26.0 grams per tonne gold, including 8.9 meters at 32.4 grams per tonne gold from the Midnight prospect, the filing added.The company said a key element of the Waihi Underground development will be establishing drill drives to allow rapid follow-up drilling on Golden Pole and Midnight, targeting strike and depth extensions as well as the main Waihi line of lode.Waihi Underground is scheduled to contribute high-grade ore from mid-2027, de-risking the production profile ahead of delivery of Ora Banda's new 3 million tonne per year processing plant in early 2028, the filing added.

ASX:OBM
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday.BCI Minerals (ASX:BCI): +7%, AU$0.58HMC Capital (ASX:HMC): +7%, AU$3.32Orabanda Mining (ASX:OBM): +6%, AU$1.60MAAS Group (ASX:MGH): +5%, AU$5.41DroneShield (ASX:DRO): +5%, AU$1.75Predictive Discovery (ASX:PDI): +5%, AU$4.60Regis Healthcare (ASX:REG): +4%, AU$4.49MA Financial Group (ASX:MAF): +4%, AU$5.35Catapult Group (ASX:CAT): +4%, AU$3.23Sunrise Energy Metals (ASX:SRL): +4%, AU$14.82

ASX 200ASX:BCIASX:CATASX:DROASX:HMCASX:MAFASX:MGHASX:OBMASX:PDIASX:REGASX:SRL
Asia

ASX Most Active Stocks

Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Friday.Ora Banda Mining (ASX:OBM): 42.9 million sharesLiontown Resources (ASX:LTR): 19.5 million sharesEQ Resources (ASX:EQR): 15.5 million sharesTamboran Resources (ASX:TBN): 14.3 million sharesMirvac Group (ASX:MGR): 14.2 million shares

ASX 200ASX:EQRASX:LTRASX:MGRASX:OBMASX:TBN
Research

Moelis & Company Downgrades Ora Banda Mining to Hold from Buy; Price Target is AU$1.60

Ora Banda Mining (ASX:OBM) has an average rating of overweight and mean price target of AU$1.88, according to analysts polled by FactSet.

ASX:OBM
Asia

Ora Banda Mining Fiscal 2026 Earnings, Revenue Up

Ora Banda Mining (ASX:OBM) logged AU$0.1057 in earnings per share for fiscal 2026, compared with AU$0.098 a year ago, a Wednesday filing showed.For the 12 months ended June 30, revenue was AU$807.5 million versus AU$404.3 million previously, the Australia-listed gold miner added.The company expects fiscal 2027 growth capital expenditures of AU$425 million, gold production of 125,000 to 140,000 ounces and all-in sustaining costs of AU$3,400 to AU$3,600 per ounce.

ASX:OBM
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Thursday.Brazilian Rare Earths (ASX:BRE): +7%, AU$4.26Ora Banda Mining (ASX:OBM): +7%, AU$1.34Mineral 260 (ASX:MI6): +6%, AU$0.70Vault Minerals (ASX:VAU): +6%, AU$5.64Genesis Minerals (ASX:GMD): +6%, AU$6.84Regis Resources (ASX:RRL): +6%, AU$7.11Evolution Mining (ASX:EVN): +6%, AU$13.27AMP (ASX:AMP): +6%, AU$2.31REA Group (ASX:REA): +6%, AU$176.02DPM Metals (ASX:DPM): +5%, AU$57.96

ASX 200ASX:AMPASX:BREASX:DPMASX:EVNASX:GMDASX:MI6ASX:OBMASX:REAASX:RRLASX:VAU
Asia

Update: Ora Banda Mining Says Western Australia Prospect Drilling Expands Newly Discovered Lode; Shares Up 7%

(Updates to add stock movement in the headline and last paragraph)Ora Banda Mining (ASX:OBM) said drilling at the Little Gem prospect in Western Australia expanded the newly discovered Sapphire lode over more than 2.6 kilometers of strike, according to a Friday Australian bourse filing.Mineralization along both the Gem and Sapphire lodes remains open at depth and along strike. It encountered intercepts of 18 meters at 3.4 grams per tonne grade of gold and 16.1 meters at 3.5 g/t grade of gold.The firm is targeting a mineral resource for the prospect later in the year.The company's shares rose past 7% in recent Friday trade.

ASX:OBM
Asia

Ora Banda Mining Says Western Australia Prospect Drilling Expands Newly Discovered Lode

Ora Banda Mining (ASX:OBM) said drilling at the Little Gem prospect in Western Australia expanded the newly discovered Sapphire lode over more than 2.6 kilometers of strike, according to a Friday Australian bourse filing.Mineralization along both the Gem and Sapphire lodes remains open at depth and along strike. It encountered intercepts of 18 meters at 3.4 grams per tonne grade of gold and 16.1 meters at 3.5 g/t grade of gold.The firm is targeting a mineral resource for the prospect later in the year.

ASX:OBM
Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Friday.EQ Resources (ASX:EQR): -10%, AU$0.22Mesoblast (ASX:MSB): -10%, AU$2.50Orezone Gold (ASX:ORE): -8%, AU$2.07Ora Banda Mining (ASX:OBM): -8%, AU$0.99Regis Resources (ASX:RRL): -8%, AU$5.69Sunrise Energy Metals (ASX:SRL): -7%, AU$15.744DMedical (ASX:4DX): -7%, AU$3.49Weebit Nano (ASX:WBT): -7%, AU$6.04Elsight (ASX:ELS): -7%, AU$6.74Metals X (ASX:MLX): -7%, AU$1.35

ASX 200ASX:4DXASX:ELSASX:EQRASX:MLXASX:MSBASX:OBMASX:OREASX:RRLASX:SRLASX:WBT
Asia

Ora Banda Mining Delivers In-Line Production as Costs Rise, Says Euroz Hartleys

Ora Banda Mining's (ASX:OBM) quarterly production was broadly in line, although costs came in 10% higher than forecast, Euroz Hartleys said in a note on Thursday.The investment firm trimmed its fiscal year 2027 production estimates by 2% to 134,500 ounces, bringing it closer to the midpoint of Ora Banda Mining's guidance range. It also increased all-in sustaining costs forecast by 16% to AU$3,508 per ounce.Construction of the new 3 million tonnes per annum Davyhurst processing plant is progressing and is seen to bolster the combined processing capacity to 4.2 million tonnes per annum. The project also provides a window to improve earnings and cash flow by increasing production to more than 300,000 ounces per year from fiscal year 2029.Euroz Hartleys maintained a buy rating on Ora Banda Mining and cut its price target to AU$2.00 from AU$2.05.

ASX:OBM
Asia

Update: Ora Banda Mining Reports Record Quarterly Gold Output, Meets Fiscal 2026 Production Guidance

(Updates to add stock movement in the sixth paragraph)Ora Banda Mining (ASX:OBM) reported record quarterly gold production of 39,552 ounces for the June quarter, bringing fiscal 2026 production to 140,949 ounces, in line with guidance, according to a Thursday filing with the Australian bourse.The company reported fiscal 2026 gold sold of about 140,600 ounces at an all-in sustaining cost of AU$3,496 per ounce.Ora Banda Mining ended the June quarter with a closing stockpile of 90,200 tonnes at a 2.7 grams per tonne grade for 7,800 ounces, and an additional 3,000 ounces of gold-in-circuit, per the filing.Operating cash flow for the June quarter was AU$121 million, with AU$468 million in available liquidity as of June 30.For fiscal 2027, the company guided for production of 125,000 to 140,000 ounces at an all-in sustaining cost of AU$3,400 to AU$3,600 per ounce of gold sold. It also expects fiscal 2027 growth capital expenditure of AU$425 million.The company's shares fell past 2% in recent Thursday trade.

ASX:OBM
Asia

ASX Preview: Australian Shares to Rise as Oil Gains on Middle East Tensions; BHP Group Meets Fiscal 2026 Production Guidance

Australian shares are poised to rise on Thursday, tracking gains in global markets, as oil prices edged higher after fresh US strikes on Iranian military targets heightened concerns about supply risks in the Middle East.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 0.4%, 0.6%, and 0.3%, respectively.In the macroeconomy, Australian property vendors are increasingly opting for private treaty sales over auctions as weaker buyer demand, falling clearance rates, and rising auction withdrawals reshape the housing market, Cotality said in a Thursday report.The consumer inflation expectations report is due at 11:00 am Sydney time.In corporate news, BHP Group (ASX:BHP) reported fiscal year 2026 copper production of 1.95 million tonnes, down 3% from fiscal year 2025 but within its guidance range of 1.9 million tonnes to 2 million tonnes.Ora Banda Mining (ASX:OBM) reported record quarterly gold production of 39,552 ounces for the June quarter, bringing fiscal year 2026 production to 140,949 ounces, in line with guidance.Australia's benchmark index rose 0.4% or 32.6 points to close at 8,841.10 on Wednesday.

ASX 200ASX:BHPASX:OBM
Asia

Ora Banda Mining Reports Record Quarterly Gold Output, Meets Fiscal 2026 Production Guidance

Ora Banda Mining (ASX:OBM) reported record quarterly gold production of 39,552 ounces for the June quarter, bringing fiscal 2026 production to 140,949 ounces, in line with guidance, according to a Thursday filing with the Australian bourse.The company reported fiscal 2026 gold sold of about 140,600 ounces at an all-in sustaining cost of AU$3,496 per ounce.Ora Banda Mining ended the June quarter with a closing stockpile of 90,200 tonnes at a 2.7 grams per tonne grade for 7,800 ounces, and an additional 3,000 ounces of gold-in-circuit, per the filing.Operating cash flow for the June quarter was AU$121 million, with AU$468 million in available liquidity as of June 30.For fiscal 2027, the company guided for production of 125,000 to 140,000 ounces at an all-in sustaining cost of AU$3,400 to AU$3,600 per ounce of gold sold. It also expects fiscal 2027 growth capital expenditure of AU$425 million.

ASX:OBM
Asia

Ora Banda Mining Emerges as 'Compelling, Self-Funded Growth Story' After Delivering Significant Resource Growth, Euroz Hartleys Says

Ora Banda Mining (ASX:OBM) is emerging as a "compelling, self-funded growth story" after delivering a 75% increase in the mineral resource estimate for its Davyhurst gold project in Western Australia, Euroz Hartleys said in a Tuesday note.The total mineral resource estimate now stands at 56.5 million tonnes at 2 grams per tonne grade of gold for about 3.7 million ounces, the equity research firm said.Ora Banda is also committed to an additional 340,000 meters of drilling in fiscal year 2027, focused on the key project areas of Round Dam, Sand King, and Little Gem.Reserve and resource growth has been an important driver of the company's growth strategy, providing a clear pathway to production growth of over 300,000 ounces annually from fiscal year 2029 for "a step-change in earnings and cash flow generation," the investment firm said.It maintained a buy recommendation on Ora Banda Mining with a price target of AU$2.05 per share.The company's shares were 5% lower in recent Tuesday trade.

ASX:OBM
Asia

Ora Banda Mining Reports 75% Rise in Mineral Resource Estimate for Western Australia Gold Project

Ora Banda Mining (ASX:OBM) said the mineral resource estimate for its Davyhurst Gold Project in Western Australia grew 75%, according to a Tuesday Australian bourse filing.Total mineral resource estimate stood at 56.5 million tonnes at 2 grams per tonne (g/t) for 3.7 million ounces, up by 1.6 million ounces as of July 1, 2025, marking a significant strengthening of the Davyhurst inventory base, the company said.The total mineral resource estimate includes a 964% increase in the Round Dam Open Pit mineral resource and a 114% increase in the Waihi Open Pit and Underground mineral resource, it added.The total ore reserve estimate increased 159% to 8.4 million tonnes at 2.3 g/t for 610,000 ounces, net of mining depletion of 80,000 ounces to April 1, per the filing.The company's shares were down nearly 2% in recent Tuesday trade.

ASX:OBM
Asia

Pantoro Could Become Takeover Target as it Works to Regain Market Trust, Euroz Hartleys Says; Shares Gain 6%

Pantoro (ASX:PNR) is expected to be susceptible to a potential takeover as the company attempts to regain market trust over the next six to 12 months after its June quarter production missed expectations, Euroz Hartleys said in a Friday note.The quarterly gold production of 18,028 ounces trailed the investment firm's estimate of 24,000 ounces and brought fiscal year 2026 production to 77,408 ounces. The full-year result missed the company's downgraded guidance of 86,000 to 96,000 ounces."We doubt the market will believe that this is the final reset for [Pantoro] until numerous quarters of guidance is achieved," the equity research firm said.It flagged Ora Banda Mining (ASX:OBM), Bellevue Gold (ASX:BGL), Catalyst Metals (ASX:CYL), Gold Fields, Regis Resources (ASX:RRL), and Capricorn Metals (ASX:CMM) as parties that could be interested in Pantoro, noting that some of those potential bidders are trading at large premiums to Pantoro's roughly AU$800 million market cap.Euroz Hartleys lowered its fiscal year 2027 production forecast for Pantoro to 93,000 ounces at an all-in sustaining cost of AU$3,102 per ounce from a previous estimate of 103,000 ounces at AU$2,850 per ounce.It maintained a speculative buy recommendation on Pantoro while reducing the target price to AU$3.53 per share from AU$6.52.The company's shares advanced 6% in recent Friday trade as the broader materials sector also gained.

ASX:BGLASX:CMMASX:CYLASX:OBMASX:PNRASX:RRL
Asia

Ora Banda Mining, Resolute Mining Shares Plunge as Gold Falls for Second Day

Shares of Ora Banda Mining (ASX:OBM) fell 6% in recent trading on Wednesday, while those of Resolute Mining (ASX:RSG) fell 4% after gold declined for a second day.Spot gold fell over 1% to under $4,070 per ounce as investors reacted to the recent hawkish tone from the US Federal Reserve.Newmont's (ASX:NEM) shares fell 2%.

ASX:OBMASX:RSG

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