ASX:OBM

25 stories mentioning ASX:OBMUpdated 13d ago

Every FINWIRES story that references ASX:OBM, newest first.

Ora Banda Mining Western Australia Drilling Confirms High-Grade Continuity, Expansion Potential, Euroz Hartleys Says

Ora Banda Mining (ASX:OBM) has delivered strong high-grade drilling results at its Golden Pole lode, supporting underground development potential and resource growth at the Waihi Project near the Davyhurst plant, Euroz Hartleys said in a note on Tuesday.Targeted infill and extensional drilling in the latest 22-hole program returned results, including three meters at 44 grams per tonne grade of gold, including two meters at nearly 65 g/t grade of gold, and 11 meters at 11 g/t gold, including two meters at 48 g/t grade of gold.The firm noted that the results de-risk Golden Pole as a near-term underground development, with consistent high-grade intercepts confirming grade continuity and mining potential.The firm said the project's proximity to the Davyhurst plant supports low-capital intensity growth through potential reserve conversion, with Waihi increasingly seen as a third underground feed source supporting the company's production expansion strategy.Euroz added that ongoing drilling success is expected to support a resource update and maiden underground reserve estimate targeted for the early June quarter, as the company advances its strategy to expand production through inventory growth and infrastructure leverage.Euroz Hartleys kept a buy rating on Ora Banda Mining with a price target of AU$1.88.

ASX:OBM

Asia100d ago

Ora Banda Mining Confirms Mining Potential of Western Australia Project

Ora Banda Mining (ASX:OBM) confirmed the mining potential of the Golden Pole lode within its Waihi project in Western Australia, according to a Tuesday filing with the Australian bourse.Targeted infill and extensional drilling returned results, including 3 meters at 44 grams per tonne (g/t), including 2 meters at nearly 65 g/t grade of gold, 11 meters at 11 g/t including 2 meters at 48 g/t grade of gold, and 7 meters at almost 17 g/t including 3.5 meters at 31 g/t grade of gold, the filing said.Results will be incorporated into the revised underground mineral resource and ore reserve estimates, expected to be released in the June quarter, per the filing.

ASX:OBM

Asia104d ago

Ora Banda's Strong Cash Generation Underpins Ongoing Growth Initiatives, Euroz Hartleys Says

Ora Banda Mining's (ASX:OBM) strong cash generation is underpinning ongoing growth initiatives, Euroz Hartleys said in a note on Thursday.The firm modestly exceeded the analysts' production forecast for the quarter, with free cash flow around 38% above their prior estimate.Its gold production in the March quarter rose 21% to 38,766 ounces from the December 2025 quarter, with 38,637 ounces sold and fiscal 2026 year-to-date production totaling 101,200 ounces. The company said free cash flows of AU$76.3 million lifted closing cash to AU$231.7 million from AU$155.4 million at December 2025.The investment firm maintained its buy recommendation on Ora Banda and raised the price target to AU$1.88 per share, from AU$1.85 per share.

ASX:OBM

Asia105d ago

Australian Shares Decline; Ora Banda Mining Posts Higher March Quarter Gold Production

Australian shares fell on Wednesday's close amid optimism about a US-Iran ceasefire.The S&P/ASX 200 Index fell 23.70 points, or 0.26%, to close at 8,955.The US and Iran are weighing further talks as mediation efforts continue to prevent the resumption of the conflict in the Middle East. Brent crude oil futures were steady at $95.02 per barrel. Spot gold climbed nearly 1% to $4,830.82 per ounce.On Wall Street, the Nasdaq rose 1.6%, and the S&P 500 climbed 0.8% to reach record closing highs on Wednesday. Meanwhile, the Dow Jones slid 2%.On the domestic front, Australia's seasonally adjusted unemployment rate remained at 4.3% in March, unchanged from the previous month, data from the Australian Bureau of Statistics showed. The total number of employed people increased by 17,900, bringing the total to 14.8 million.Australia's consumer inflation expectations rose by 0.7 percentage points in April to 5.9%, driven largely by a recent spike in oil prices, according to the Melbourne Institute Survey of Consumer Inflationary Expectations.In company news, Ora Banda Mining (ASX:OBM) said gold production in the March quarter rose 21% to 38,766 ounces from the December 2025 quarter, with 38,637 ounces sold and fiscal 2026 year-to-date production totaling 101,200 ounces. Its shares rose 9% on market close.Netwealth Group (ASX:NWL) reported funds under administration of about AU$125.79 billion at the close of the March quarter, up almost 21% from AU$104.08 billion at the end of the same quarter a year earlier. Its shares closed up 6%.Lastly, Viva Energy Group (ASX:VEA) requested an immediate trading halt on the Australian Securities Exchange as it prepares to announce the impact of a significant fire at its Geelong Refinery. The facility, one of only two refineries still operating in Australia, has a processing capacity of 120,000 barrels of oil per day, and it reportedly accounts for 10% of Australia's fuel supply and 50% of the fuel used in Victoria.

ASX 200ASX:NWLASX:OBMASX:VEA

Asia105d ago

Ora Banda Mining Posts Higher March Quarter Gold Production, Shares Up 10%

Ora Banda Mining (ASX:OBM) said gold production in the March quarter rose 21% to 38,766 ounces from the December 2025 quarter, with 38,637 ounces sold and fiscal 2026 year-to-date production totaling 101,200 ounces, according to a Thursday Australian bourse filing.The company said free cash flows of AU$76.3 million lifted closing cash to AU$231.7 million from AU$155.4 million at December 2025, after capital investment of AU$52.5 million on capital projects, resource development, and exploration, and AU$4 million on put option premium payments.The gold producer said all-in sustaining costs of AU$3,612 per ounce sold remain elevated primarily due to third-party processing costs, which delivered 10,900 ounces in the quarter, with the company continuing to advance studies toward building a new standalone three million tonne per annum processing plant with a decision expected in the June quarter.The company said its Davyhurst plant achieved throughput of 343,200 tonnes in the quarter, up 17% from the prior quarter, with recoveries of 93%.Ora Banda Mining's shares gained 10% in recent Thursday trade.

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