OBM.ASX: OBM Annual Resource and Reserve Statement

OBM Annual Resource and Reserve Statement

Stock	Ora Banda Mining Ltd (OBM.ASX)
Release Time	14 Jul 2026, 8:22 a.m.
Price Sensitive	Yes

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OBM Annual Resource and Reserve Statement

Key Points

75% increase in Mineral Resources to 3.69 Moz
159% increase in Ore Reserves to 610 Koz
Significant growth in Round Dam and Waihi deposits

Full Summary

Ora Banda Mining Ltd (ASX: OBM) announced a substantial increase in its Annual Mineral Resources and Ore Reserves Statement as at 1 April 2026. The company reported a 75% increase in Mineral Resources to 3.69 Moz, up from 2.11 Moz as at 1 July 2025. The Ore Reserves increased by 159% to 610 Koz, from 236 Koz. The growth was primarily driven by the Round Dam deposit, which saw a significant 1.3 Moz Mineral Resource increase. The company also reported increases in other deposits, including Waihi, Sand King, and Riverina. The company plans to continue investing in exploration and resource definition drilling to further grow its resource base.

Guidance

Mineral Resources increased by 75% to 3.69 Moz; Ore Reserves increased by 159% to 610 Koz

Outlook

The company plans to continue investing in exploration and resource definition drilling to further grow its resource base.