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.
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