Ora Banda Mining Secures Board Approval to Advance Processing Plant Study; Shares Down 3%

MT Newswires Live

Jan 29

Ora Banda Mining (ASX:OBM) secured board approval to advance its new processing plant study to the front-end engineering design stage from the definitive feasibility study stage, with a AU$10 million commitment, according to a Thursday filing with the Australian bourse.

This investment will refine design and capital requirements for the construction of a new mill next to the company's Davyhurst processing plant in Western Australia, the filing said.

The company also committed AU$30 million pre-production capital to start open-pit mining works at Waihi.

The company lifted its fiscal year growth capital guidance to AU$143 million from AU$86 million, according to a separate filing.

Shares fell 3% in morning trade Thursday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2607721973"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2607721973\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2607721973?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-29 07:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2607721973","market":"fut","top_or_hot":-1,"title":"Ora Banda Mining Secures Board Approval to Advance Processing Plant Study; Shares Down 3%","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/OBM.AU\">Ora Banda Mining</a> (ASX:OBM) secured board approval to advance its new processing plant study to the front-end engineering design stage from the definitive feasibility study stage, with a AU$10 million commitment, according to a Thursday filing with the Australian bourse.</p><p>This investment will refine design and capital requirements for the construction of a new mill next to the company's Davyhurst processing plant in <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a>, the filing said.</p><p>The company also committed AU$30 million pre-production capital to start open-pit mining works at Waihi.</p><p>The company lifted its fiscal year growth capital guidance to AU$143 million from AU$86 million, according to a separate filing.</p><p>Shares fell 3% in morning trade Thursday.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ora Banda Mining Secures Board Approval to Advance Processing Plant Study; Shares Down 3%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOra Banda Mining Secures Board Approval to Advance Processing Plant Study; Shares Down 3%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-01-29 07:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/OBM.AU\">Ora Banda Mining</a> (ASX:OBM) secured board approval to advance its new processing plant study to the front-end engineering design stage from the definitive feasibility study stage, with a AU$10 million commitment, according to a Thursday filing with the Australian bourse.</p><p>This investment will refine design and capital requirements for the construction of a new mill next to the company's Davyhurst processing plant in <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a>, the filing said.</p><p>The company also committed AU$30 million pre-production capital to start open-pit mining works at Waihi.</p><p>The company lifted its fiscal year growth capital guidance to AU$143 million from AU$86 million, according to a separate filing.</p><p>Shares fell 3% in morning trade Thursday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OBM.AU","symbol_name":"ORA BANDA MINING LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2607721973","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2607721973","pubTimestamp":1769643055,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Ora Banda Mining  secured board approval to advance its new processing plant study to the front-end engineering design stage from the definitive feasibility study stage, with a AU$10 million commitment, according to a Thursday filing with the Australian bourse.This investment will refine design and capital requirements for the construction of a new mill next to the company's Davyhurst processing plant in Western Australia, the filing said.The company also committed AU$30 million pre-production capital to start open-pit mining works at Waihi.The company lifted its fiscal year growth capital guidance to AU$143 million from AU$86 million, according to a separate filing.Shares fell 3% in morning trade Thursday.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"OBM.AU":"ORA BANDA MINING LTD","BK7104":"黄金"},"translate_title":"Ora Banda Mining获得董事会批准推进加工厂研究；股价下跌3%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OBM.AU":1},"content_text":"Ora Banda Mining (ASX:OBM) secured board approval to advance its new processing plant study to the front-end engineering design stage from the definitive feasibility study stage, with a AU$10 million commitment, according to a Thursday filing with the Australian bourse.This investment will refine design and capital requirements for the construction of a new mill next to the company's Davyhurst processing plant in Western Australia, the filing said.The company also committed AU$30 million pre-production capital to start open-pit mining works at Waihi.The company lifted its fiscal year growth capital guidance to AU$143 million from AU$86 million, according to a separate filing.Shares fell 3% in morning trade Thursday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}