High-grade Results at Golden Pole

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Stock Ora Banda Mining Ltd (OBM.ASX)
Release Time 15 Jan 2026, 8:21 a.m.
Price Sensitive Yes
 High-grade Results at Golden Pole Expands Waihi's Mineralisation Envelope
Key Points
  • Targeted follow up exploration drilling on Waihi's Golden Pole Lode has continued to expand the mineralisation area with thick, high-grade results
  • An additional 20 holes have been designed for immediate infill and extensional drilling on the Golden Pole Lode
  • Drilling across the broader Waihi Project continues to deliver outstanding results, including the first intercept of a potential new lode west of Golden Pole
Full Summary

Ora Banda Mining Ltd has reported continued drilling success at its Waihi Project, with targeted follow up exploration drilling on the Golden Pole Lode returning thick, high-grade results. Highlights include 7.0m @ 27.4 g/t, 2.2m @ 56.3 g/t, 2.2m @ 36.9 g/t, 5.0m @ 13.2 g/t, 3.2m @ 13.9 g/t, and 9.0m @ 4.8 g/t. The company has designed an additional 20 holes for immediate infill and extensional drilling on the Golden Pole Lode. In addition to the success at Golden Pole, the current 97-hole program across the broader Waihi Project has continued to deliver outstanding results, including 2.0m @ 24.3 g/t, 3.9m @ 6.8 g/t, and the first intercept of a potential new lode west of Golden Pole (1.1m @ 3.4 g/t). The Waihi deposit is located three kilometres west of Ora Banda's processing plant and is being targeted as a potential third underground, with an MRE update scheduled for early in the June 2026 quarter, which will include the Golden Pole lode for the first time.

Outlook

The company plans further infill and extensional drilling to follow up on the high-grade results at the Golden Pole Lode, as well as continued exploration across the broader Waihi Project to expand the mineralisation envelope and support the development of a third underground mine.