• Gold production increased 32% in FY25 to 92.4koz
• FY26 guidance of 140-155koz, a 60% increase
• $73M exploration and resource development budget to extend mine lives

Ora Banda Mining Ltd (ASX: OBM) has reported its FY25 production results and provided FY26 guidance. In FY25, the company produced 92.4koz of gold, including 1.4koz of attributed equivalent production from third-party processing of ore sold to Norton Gold Fields. This represented a 32% increase in production compared to FY24, marking the second consecutive year of over 30% organic growth. The company ended FY25 with $84.2M in cash and 165kt of stockpiles at 1.9g/t, setting it up well for the start of FY26. For FY26, Ora Banda has provided guidance of 140-155koz of gold production, an increase of around 60% on FY25. This growth is expected to be driven by the full-year contribution from the Sand King Underground Mine and ongoing third-party ore sale and processing agreements. The company's All-In Sustaining Cost (AISC) guidance for FY26 is $2,800-$2,900 per ounce, reflecting additional third-party crushing and processing costs, as well as increased sustaining development associated with Sand King Underground. Ora Banda has also announced a $73M budget for exploration and resource development in FY26, which is almost double the last three years combined. This drilling program aims to extend mine lives at Riverina and Sand King Undergrounds, test the down-dip potential at Waihi, and advance other key prospects.

FY26 gold production guidance of 140-155koz, including ~21koz of attributable equivalent production from a proposed ore sale agreement. AISC guidance of $2,800-$2,900 per ounce.

Ora Banda is set to enter its next phase of growth in FY26, with production anticipated to increase over 60% to between 140 and 155 thousand ounces. The company is also undertaking a feasibility study to expand its Davyhurst processing plant to ~3Mtpa to address the current 1.2Mtpa bottleneck and unlock further operational efficiencies.