In its September 2026 company presentation, Ora Banda said it expects FY27 total capital expenditure of A$425 million. Its guidance includes A$240 million for the new 3.0Mtpa mill, facilities and continued works during FY27, alongside infrastructure, underground development and exploration allocations.
The company said construction of the new Davyhurst mill is under way beside the existing operation, with commissioning expected in the March quarter of 2028. Ora Banda also said it had A$267.7 million in cash and an undrawn A$200 million revolving credit facility.
Ora Banda describes its ambition to reach about 300,000 ounces a year by FY29 as aspirational rather than a production target or forecast. The company said it does not yet have reasonable grounds to believe the aspiration can be achieved.
Source: Download OBM official ASX announcement, 2026-09-22 (PDF saved on MES).
File image from earlier MES coverage: Ora Banda Lifts Davyhurst Resources to 3.69Moz. Not an image of the current announcement.