OBM ora banda mining ltd

Ann: Strong New Drill Results at Riverina, Waihi & Little Gem, page-5

  1. 2,524 Posts.
    lightbulb Created with Sketch. 1647
    Excellent update

    Riverina resource update should keep everyone happy that OBM will be mining there for the next decade

    Waihi the location of 3rd underground it seems

    Little Gem/Sunraysia the key take away for me.
    Carbonate host looks to extend for ~ 5 kms
    This is shaping up to be a most significant gold discovery that could be larger scale underground mined in a different fashion to the other nearby deposits.

    on the back of an envelope ..
    do your own numbers on potential tonnage and future ounces based on
    ~5000 metres length x 400+ metres depth x ~8 metres width x SG x av grade recovered … as the answer will highlight growth potential and opportunity of a whole new mine and new stand alone processing facility
    Last edited by Ladytradr: 10/06/25
 
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