Outstanding Drill Results at Little Gem and Riverina

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Stock Ora Banda Mining Ltd (OBM.ASX)
Release Time 23 Oct 2025, 8:16 a.m.
Price Sensitive Yes
 Outstanding Drill Results at Little Gem and Riverina
Key Points
  • Phase 3 drilling at Little Gem continues to expand gold mineralisation, now striking 1,200 metres and 700 metres vertical
  • Significant new high-grade intersections including 25.6m @ 4.3g/t and 9.0m @ 8.1g/t
  • Riverina exploration continues to define a robust and continuous mineralised system expanding beyond 1,000 vertical metres
Full Summary

Ora Banda Mining has reported continued exploration success at its high-grade Little Gem prospect and the Riverina Gold Camp. At Little Gem, Phase 3 drilling has further expanded the gold mineralisation, which now strikes 1,200 metres and extends 700 metres vertically below surface, with mineralisation remaining open in all directions. Highlights include hole LGDD25030 which intersected 25.6m @ 4.3g/t, located 600 metres north along strike from a previous high-grade intersection of 22.7m @ 5.0g/t. Near-surface potential is also being realised, with shallower drilling returning results such as 9.0m @ 8.1g/t located 70 metres below surface and 15.0m @ 4.2g/t (120 metres below surface). The company has now completed 80 holes totalling over 29,000 metres at Little Gem since the discovery hole in September 2024, and a Phase 4 drill program is planned to commence in January 2026. At the Riverina Gold Camp, surface and underground resource definition and extension drilling continues to define a robust and continuous mineralised system expanding beyond 1,000 vertical metres. Significant high-grade intersections have been reported, including 3.4m @ 51.7g/t, 2.6m @ 63.0g/t, and 4.1m @ 35.4g/t.

Outlook

The company plans to start infill drilling at Little Gem with additional rigs in January 2026 in order to release an expected Maiden Resource Estimate later that year. The drilling at Riverina has reinforced the potential of the orebody at depth and increases confidence in extending the mine life as drilling progresses.