Ora Banda Mining Drill Success at Western Australia Project Continues to Impress, Euroz Hartleys Says

MT Newswires Live

Dec 19, 2025

Ora Banda Mining (ASX:OBM) drill success and new emerging high-grade lodes for inventory and mine life growth at the Western Australia project continue to impress, according to a Thursday Euroz Hartleys note.

The company said on Thursday that follow-up drilling at the Sand King gold project in Western Australia has identified significant additional mineralisation in the northern corridor, located between Sand King and the Palmerston shallow open pit.

The research firm noted that the gold price remains strong at around AU$6,580 per ounce, which has improved Ora Banda's margins to grow cash ahead of its expansion plans.

Euroz Hartleys maintained its buy rating on Ora Banda Mining and increased its price target to AU$1.70 from AU$1.50.

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