Corporate News
Ora Banda Mining Limited has announced a significant expansion of its Davyhurst Gold Project, reporting a 75 % increase in mineral resources and a 150 % rise in ore reserves as of 1 April 2026. The updated figures bring the project’s total resources to approximately 3.7 million tonnes of gold at a grade of roughly 2 g/t, while reserves climb to about 610 thousand tonnes.
Resource and Reserve Growth
The resource uplift reflects contributions from the Round Dam open‑pit, Waihi underground, Riverina underground, and Sand King underground deposits. Ore reserves now incorporate a broader spectrum of high‑grade targets, positioning the mine to extend its productive life and strengthen its production platform.
Exploration and Drilling Investment
Over the preceding twelve months, Ora Banda invested roughly $75 million in drilling, completing more than 310 000 metres of reverse‑circulation and diamond core work. This aggressive exploration schedule has enabled a rapid conversion of newly identified mineralisation into measurable resources and reserves.
Future Exploration Plans
For the fiscal year 2027, the company plans additional drilling with a focus on extensions at Round Dam, Little Gem, and Sand King. These efforts aim to further enhance the reserve base and underpin future development activities.
Strategic Implications
The updated resource and reserve figures reinforce Ora Banda’s strategy of bolstering its production platform while extending the mine’s operational lifespan. By maintaining a robust pipeline of high‑grade targets and managing costs and operational efficiency, the company is poised to sustain long‑term growth within Australia’s gold mining sector.
The expansion not only elevates the Davyhurst project’s value but also underscores the importance of sustained exploration investment in unlocking latent potential across mining portfolios. As the sector continues to navigate fluctuating commodity prices and evolving regulatory landscapes, Ora Banda’s disciplined approach to resource development offers a compelling case study in balancing exploration risk with production assurance.
