Ora Banda Mining has identified a new parallel gold trend, the Sapphire Trend, near the Little Gem prospect in Western Australia, expanding the system’s footprint to about 1,500 metres.

The Sapphire Trend was discovered through step-out drilling at Little Gem and already shows multiple solid intercepts, including 18 metres at 2.7 g/t and 10.2 metres at 4.2 g/t.

Little Gem and Sunraysia form a 7.5-kilometre mineralised corridor from Riverina to Sunraysia, with Sapphire adding substantial additional ounces.

The broader industry context shows continued strong investor interest in Australian gold, with Western Australia remaining highly active in exploration and near-mine resource growth as a value driver.

Ora Banda aims to produce about 150,000 ounces from the Sand King and Riverina deposits and is evaluating a potential 3 million tonnes per annum processing facility to support growth.

The ongoing exploration program at Little Gem and nearby prospects is positioned to support a larger production profile and longer mine life at the Davyhurst complex.

A second Sapphire Trend lode was found about 200 metres east of Little Gem, running parallel to it and featuring significant intercepts such as 18.0 metres at 2.7 g/t and 10.2 metres at 4.2 g/t (including 0.4 metres at 39.5 g/t).

The company has earmarked a $73 million exploration budget across the Davyhurst project to expand gold inventory.

Ora Banda Mining’s share price trades around $1.44 with a market cap near $2.72 billion, within a 52-week range of about $0.62 to $1.72.

A maiden Mineral Resource Estimate for Little Gem is planned for the second half of 2026, with drilling continuing to define and expand the resource.

Ora Banda has drilled over 150 holes across the Little Gem area as part of preparing the maiden MRE for Little Gem in late 2026.

Yesterday, the company announced a major upgrade to the Round Dam resource, lifting inventory to 1.33 million ounces and taking the project’s global resource to 3.3 million ounces.