Ora Banda Mining shares lift after extending high-grade mineralisation area
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The news: Ora Banda Mining has reported high-grade drilling results at its Waihi Project and expanded the high-grade mineralisation area on the Golden Pole lode.
The numbers: Ora Banda Mining shares had lifted 0.9% to $1.62 at 11:17am AEDT.
The context: Ora Banda embarked on a 45-hole drill program in July 2025 targeting depth extensions and new discoveries at its Waihi Project. The program had previously been expanded to 97 holes with a further 20 now planned that will solely focus on the Golden Pole lode.
What they said: “These outstanding results continue to support the case for Waihi to be Ora Banda’s third underground mine, with drilling right across the Waihi package returning high-grades, excellent widths and the potential for further extensions of the mineralised system, all within three kilometres of the Davyhurst Processing plant,” Ora Banda managing director Luke Creagh said.
“Furthermore, the identification of a brand-new lode to the West of Golden Pole highlights the incredible opportunity within the package, opening up another exciting zone for exploration at Waihi.”
The source: ASX
