• Gold production for April and May totalled 12.1koz, with June quarter production anticipated to be ~24.5koz
• Processing plant works and commissioning are now complete, with the plant demonstrating up to 4,000tpd throughput
• FY25 total production expected to be ~95koz, 5% below the lower end of guidance of 100koz

Ora Banda Mining Limited (ASX: OBM) provides an update on guidance for the Davyhurst Project for FY25. Gold production for April and May totalled 12.1koz, taking May YTD gold production to 82.5koz. The forecast for June is to produce up to 12.5koz, with June quarter production anticipated to be ~24.5koz. The reduction in ounces produced has primarily been caused by extended downtime from the processing plant due to the installation of lifter and lining upgrades to the primary mill. In addition, the commissioning and ramp up of the mill has taken longer than expected to achieve targeted daily throughput rates of 3,700-4,000tpd. The processing plant works and commissioning are now complete, and the processing plant has demonstrated the required performance of up to 4,000tpd, resulting in the month of June forecast to produce up to 12.5koz, which is the target monthly rate to achieve annual production of 150koz. Mining performance is delivering well, with June alone forecast to deliver ~14.5koz from Riverina (8.5koz) and Sand King (6.0koz). Based on the current performance and stockpile levels, FY25 total production is expected to be ~95koz, which is 5% below the lower end of guidance of 100koz. AISC is expected to be ~$2,600/oz, which is 4% above the top end of previous guidance of $2,500/oz. The expected FY25 production of ~95koz is an overall increase of 35% from FY24 production of 70koz.

FY25 total production is expected to be ~95koz, which is 5% below the lower end of guidance of 100koz. AISC is expected to be ~$2,600/oz, which is 4% above the top end of previous guidance of $2,500/oz.