Ora Banda Mining reports massive resource growth at Round Dam deposit. The Australian gold explorer achieved a 964% increase in the Round Dam resource estimate, now containing 1.33 million ounces compared to previous 125K ounces. This uplift boosts Ora Banda's global resource position by 57% to 3.3 million ounces. The deposit, located in Western Australia's eastern goldfields near the company's Davyhurst processing plant, is entirely suitable for open pit mining with positive cash flow economics at A$5,000 per ounce. Management plans a standalone 3 million tonne per annum processing facility at Davyhurst. The Round Dam trend extends over 187 kilometers with significant exploration upside along strike and at depth. Further resource updates are expected mid-2026 for other deposits. Ora Banda's share price rose 15.5% to A$1.35 following the announcement, valuing the company at A$2.
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