Ora Banda Mining
Ora Banda Mining is a Western Australian gold producer operating two underground mines (Riverina and Sand King) feeding the 1.2 Mtpa Davyhurst Processing Plant, with a 1,150 km² tenement package and a publicly stated 300 koz production target.
- Company typePublic
- Founded2019
- HeadquartersPerth, Australia
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Ora Banda Mining does
Ora Banda Mining Limited (ASX: OBM) is a Western Australian gold producer operating the Davyhurst Gold Project, approximately 120 km northwest of Kalgoorlie in the Eastern Goldfields. The company's core operations consist of two producing underground mines, Riverina (commissioned May 2023, commercial production August 2024) and Sand King (commissioned August 2024), each targeting 80,000–90,000 ounces per annum at average reserve grades of 3.5 g/t and 3.2 g/t respectively. Ore is processed through the centrally located Davyhurst Processing Plant, a 1.2 Mtpa nameplate facility using three-stage crushing, a grinding circuit with two 1.3 MW mills, gravity concentration, and conventional carbon-in-pulp (CIP) processing. The company has invested in automation of key plant components over the past three years, and the facility processed a record 343,182 tonnes in Q1 FY2026.
Ora Banda controls 68 granted tenements across approximately 1,150 km² with more than 130 km of prospective greenstone strike, supporting a combined Mineral Resource of 26.8 Mt at 2.4 g/t for 2.11 Moz and Ore Reserves of 3.0 Mt at 2.4 g/t for 236 koz. The company is executing the largest drilling program in the 130-year history of the Davyhurst goldfield across six exploration trends (Riverina, Round Dam, Siberia, Mulline, Callion, Python). In June 2026, Ora Banda signed an EPC contract for the Davyhurst Expansion Project targeting a new 3 Mtpa processing plant, positioning the business toward its publicly stated 300,000-ounce-per-annum production ambition.
Ora Banda Mining firmographics
Firmographics- Name
- Ora Banda Mining
- Legal name
- Ora Banda Holdings Limited
- Website
- https://orabandamining.com.au
- Company type
- Public
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Ora Banda Mining is a Western Australian gold producer operating two underground mines (Riverina and Sand King) feeding the 1.2 Mtpa Davyhurst Processing Plant, with a 1,150 km² tenement package and a publicly stated 300 koz production target.
- Ownership category
- akta.pro rank
Ora Banda Mining industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (212220), Support Activities for Metal Mining (213114)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industry
- Mine Operations Contracting (Open-Pit & Underground Development, Production, Load/Haul) (IMAKAKAD)
Keywords
Where Ora Banda Mining is headquartered
LocationHeadquarters
- HQ city
- Perth
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Ora Banda Mining business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Gold Production and Sales: Ora Banda generates revenue primarily through the extraction and sale of gold produced from its underground mines (Riverina and Sand King) at the Davyhurst Processing Plant. Gold is sold at prevailing market prices. The company reported record half-year revenue of $336.3 million for H1 FY2026, an 80% increase from the prior period, driven by higher gold sales volumes and stronger realised gold prices.
- Royalty Agreements: The company agreed to pay a net smelter return royalty on gold produced from certain tenements, capped at 900,000 ounces over 15 years, in exchange for $1.74 million.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Ora Banda Mining product offering
Product offeringCore offering
Ora Banda Mining operates underground gold mines at Riverina and Sand King and processes the ore at its centrally located Davyhurst Processing Plant (1.2 Mtpa nameplate capacity) in Western Australia's Eastern Goldfields. The company produces gold doré and sells it to refineries and commodity traders at prevailing market prices, supported by an ongoing pipeline of exploration projects across approximately 1,150 km² of granted tenements.
Product overview
Ora Banda Mining is a West Australian gold producer operating a portfolio of underground gold mines and exploration projects in the Eastern Goldfields. The company's core operations consist of two producing underground mines (Riverina and Sand King) feeding ore to the centrally located Davyhurst Processing Plant with 1.2 Mtpa nameplate capacity. The Riverina Underground Mine, commissioned in May 2023, targets production of 80,000-90,000 oz per annum at an average grade of 3.5 g/t. The Sand King Underground Mine, established in August 2024, similarly targets 80,000-90,000 oz per annum. The company is also advancing a pipeline of exploration projects including Riverina Trend, Round Dam Trend, Siberia Trend, Mulline Trend, Callion, and Python Trend, covering approximately 1,150 km2 with over 130 km of highly prospective greenstone belt. Combined Mineral Resources stand at 26.8 Mt at 2.4 g/t for 2.11 Moz, with Ore Reserves of 3.0 Mt at 2.4 g/t for 236 koz.
Differentiator
Problem solved
Functional benefit
Products and services
- Riverina Underground Mine
Quantifiable outcome
- Record Q1 2026 production of 38,766 ounces, 21% quarter-on-quarter growth
- +3 more outcomes
Companies that use Ora Banda Mining
Customer profileSegments1 record
Ideal customer profiles1 record
Ora Banda Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Ora Banda Mining partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- Computershare Investor ServicesminorExternal share registry service provider managing shareholder records and investor communications.
- Tier One Underground Mining ContractorscoreUnderground development, production activities and drilling at Riverina and Sand King mines are completed by tier one underground specialist contractors with Ora Banda Mining providing all management, technical and support services.
Scale indicators10 records
Recent moves6 records
Expansion highlights4 records
Ora Banda Mining competitors and assessment
Company assessmentDirect peers
- Ramelius Resources: Mid-cap Western Australian gold producer with underground and open pit operations and a centralised processing strategy; comparable to OBM in scale, focus on underground narrow-vein ore, and exposure to AUD gold price.
- Silver Lake Resources: Mid-tier WA gold producer following the merger with Red 5; operating underground mines in similar Eastern Goldfields/Mount Monger geology and a comparable cost-and-throughput profile to OBM.
- Red 5 Limited: WA gold producer recently merged with Silver Lake Resources, operating underground mines in similar Eastern Goldfields geology; comparable at the asset level, with executive overlap at OBM (former Red 5 geologists and operators on team).
- Westgold Resources: Western Australian gold producer operating multiple underground mines in the Eastern Goldfields and Murchison with central processing hubs, directly comparable to OBM's Davyhurst hub-and-spoke underground model with similar cost and grade profiles.
- Capricorn Metals: ASX-listed Western Australian gold producer with a single processing hub and underground/open pit feed; comparable to OBM's single-asset, hub-and-spoke production model targeting ~150,000 oz/year.
Broad incumbents
- Evolution Mining: Diversified mid-cap Australian gold producer with significant WA operations including underground mines; broader portfolio than OBM but overlapping underground gold production in similar WA greenstone belts.
- Resolute Mining: Established gold producer with Australian and African operations; comparable as a mid-cap gold miner with underground exposure and a senior leadership lineage that intersects OBM's CFO background at Resolute.
- Northern Star Resources: Large-scale Western Australian gold producer with a Kalgoorlie Super Pit hub and multiple underground operations; comparable because OBM's CEO Luke Creagh is a former Northern Star COO and many OBM executives are alumni, and OBM targets similar narrow-vein underground ounces in the same geological terrane.
Regional players
- Adriatic Metals: ASX-listed base and precious metals developer with Bosnia-focused operations; comparable primarily through shared director John Richards and the small-mid cap ASX precious metals developer category, though commodity focus and geography differ.
Emerging players
- Saturn Metals: ASX-listed WA-focused gold explorer/developer at the Apollo Hill project in the Eastern Goldfields; comparable geological setting and exploration-led growth model to OBM's pipeline of greenstone trends (Mulline, Callion, Python).
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Ora Banda Mining social profiles
Digital presenceOra Banda Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ora Banda Mining leadership team
Management profileNumber of profiles
Profiles14 records
Ora Banda Mining funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ora Banda Mining M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ora Banda Mining
What does Ora Banda Mining do?
Ora Banda Mining operates underground gold mines at Riverina and Sand King and processes the ore at its centrally located Davyhurst Processing Plant (1.2 Mtpa nameplate capacity) in Western Australia's Eastern Goldfields. The company produces gold doré and sells it to refineries and commodity traders at prevailing market prices, supported by an ongoing pipeline of exploration projects across approximately 1,150 km² of granted tenements.
Is Ora Banda Mining a public or private company?
Ora Banda Mining is a public company. It is classified as public and is currently operating.
When was Ora Banda Mining founded?
Ora Banda Mining was founded in 2019. It employs 101 to 250 people.
Where is Ora Banda Mining based?
Ora Banda Mining is headquartered in Perth, Australia, in the Oceania region.
How does Ora Banda Mining make money?
Two revenue lines are on record. Gold Production and Sales are the primary driver. The others are royalty Agreements.
Who are Ora Banda Mining's main competitors?
Direct peers on record are Ramelius Resources, Silver Lake Resources, Red 5 Limited, Westgold Resources and Capricorn Metals. Broad incumbents are Evolution Mining, Resolute Mining and Northern Star Resources. Adriatic Metals is listed as a regional player. Saturn Metals is listed as an emerging player.
Does Ora Banda Mining have an API?
No public API is recorded for Ora Banda Mining.
What industry is Ora Banda Mining in?
Ora Banda Mining's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKAKAD, Mine Operations Contracting (Open-Pit & Underground Development, Production, Load/Haul). Its NAICS code is 212220 and its SIC code is 1040.