Ora Banda Mining Ltd (ASX:OBM, OTC:ESGFF) has reported continued exploration success across its high-grade Little Gem prospect and the broader Riverina Gold Camp.
Expanded gold mineralisation at Little Gem
At Little Gem, Phase 3 drilling has significantly expanded the extent of gold mineralisation, which now extends for around 1,200 metres along strike and reaches 700 metres below surface. Importantly, mineralisation remains open in all directions, highlighting the strong potential for further resource growth.
Among the standout results, hole LGDD25030 returned 25.6 metres at 4.3 g/t gold, located approximately 600 metres north along strike from LGDD25005, which previously recorded 22.7 metres at 5.0 g/t in results announced in March 2025.
Overview showing location of Riverina Underground and Little Gem compared to Davyhurst processing hub.
Shallower drilling has also begun to demonstrate the near-surface potential of the prospect, with intercepts such as 9.0 metres at 8.1 g/t gold from just 70 metres below surface, and 15.0 metres at 4.2 g/t from 120 metres below surface.
Since the initial discovery hole was drilled in September 2024, Ora Banda has completed 80 holes for more than 29,000 metres of drilling. The company plans to start a Phase 4 drill campaign in January 2026, with additional rigs to be deployed as part of the expanded exploration effort.
OBM has delivered assays for around 50% of the Phase 3 drill program, with significant intersections including:
Composite Long Section of Little Gem p rospect showing all drilling intersections.
“The latest drilling continues to expand the Little Gem mineralisation system with wide, high-grade intercepts at good predictability across a large area,” Ora Banda’s managing director, Luke Creagh, said.
“We plan to start infill drilling at Little Gem with additional rigs in January in order to release an expected Maiden Resource Estimate later in 2026.”
Encouraging results at Riverina
At the Riverina Gold Camp, surface and underground drilling aimed at resource definition and extension is also yielding encouraging results. To date, 88 holes have been completed for a total of 25,000 metres. The mineralised system continues strongly at depth, reinforcing the potential for ongoing resource and reserve growth within the Riverina area.
“Surface and underground extension drilling at Riverina has reinforced our view on the potential of the orebody at depth and increases our confidence in the extension of Riverina’s mine life as drilling progresses,” Creagh said.
Today’s results highlight Ora Banda’s continued exploration momentum as the company builds on its discovery success and advances its pipeline of gold assets within the Eastern Goldfields.
Generalised timeline showing significant events at Little Gem since discovery.