The future is of minerals. By investing in mining stocks investors can capitalise on growth Some of the growing companies to invest in are
Ora Banda Mining Limited (ASX: OBM)
Ora Banda Mining Ltd (ASX: OBM) reported strong financial and operational results in its December 2024 quarter, with cash reserves increasing to $57.8 million, a $9.1 million rise from the prior quarter. The company invested $30.8 million into growth and exploration projects during this period, with a key highlight being the full payback of the Riverina Underground operation within just 18 months. The operation delivered impressive mined grades of 5.3g/t, significantly higher than the ore reserve grade of 4.2g/t, with higher-grade lodes extending beyond expectations. Ora Banda also made good progress with the Sand King Underground project, achieving first development ore in December 2024 and remaining on track to achieve first stoping ore by March 2025. The Davyhurst mill saw a 9% increase in throughput to 280kt of ore processed at a head grade of 2.9g/t, as recent upgrades took effect. Low-grade stockpiles and Riverina ore filled the mill capacity, but this is expected to change as higher-grade Sand King material starts to feed the mill in FY25.
Ora Banda is on track for continued growth with an aim to reach 150koz in gold production by FY26. The transition to higher-grade feed from Sand King Underground will drive higher production and lower costs. The company sold 22,288oz of gold during the quarter, bringing the first-half FY25 total to 47,824oz. The all-in sustaining cost (AISC) for the quarter was A$2,536/oz sold. Ora Banda also continued to focus on resource development, investing $5.5 million in exploration activities. With ongoing progress in underground operations and mill improvements, Ora Banda is positioned for further growth and success in the coming quarters.
Predictive Discovery Limited (ASX: PDI)
On 4 February 2025, Predictive Discovery Ltd (ASX: PDI) announced a strategic private placement to raise approximately A$69.2 million, with investments from the Lundin Family and Zijin Mining Group. The Lundin Family is set to invest around A$45.1 million for a 6.5% stake in the company, while Zijin will invest A$24.1 million for a 3.5% stake. The funds raised will be used to advance the Bankan Gold Project in Guinea, including the Definitive Feasibility Study (DFS), environmental and social programs, regional exploration, and early development activities. The project is part of Guinea’s growing gold industry, which is supported by a stable government and a robust mining jurisdiction. Guinea has a well-established mining code, fiscal regime, and significant contributions to the country’s economy, including a large share of government revenue and export income. A major power and infrastructure build-out is also underway, improving access to critical resources.
The Bankan Gold Project, located in West Africa’s emerging mining hub, is advancing rapidly. The DFS is on schedule, with geotechnical and hydrogeological drilling already completed. Metallurgical testing is mostly done, and materials handling testing is in progress. Key mining and process plant engineering work is also moving forward, with contractor inquiries beginning in early 2025. Exploration efforts are targeting multiple potential mineral resources, including at Fouwagbe, Sounsoun, and 800W, with maiden resource estimates expected by the end of Q1 2025. The company is also exploring regional opportunities at Argo and Bokoro South, with promising early results suggesting potential for additional mineral discoveries. Near the main resource, multiple satellite deposits within 5km of the NEB area are also showing encouraging signs of gold mineralization, contributing to the project's long-term growth potential.
Source: Company's Report
Veye Pty Ltd(ABN 58 623 120 865), holds (AFSL No. 523157 ). All information provided by Veye Pty Ltd through its website, reports, and newsletters is general financial product advice only and should not be considered a personal recommendation to buy or sell any asset or security. Before acting on the advice, you should consider whether it’s appropriate to you, in light of your objectives, financial situation, or needs. You should look at the Product Disclosure Statement or other offer document associated with the security or product before making a decision on acquiring the security or product. You can refer to our Terms & Conditions and Financial Services Guide for more information. Any recommendation contained herein may not be suitable for all investors as it does not take into account your personal financial needs or investment objectives. Although Veye takes the utmost care to ensure accuracy of the content and that the information is gathered and processed from reliable resources, we strongly recommend that you seek professional advice from your financial advisor or stockbroker before making any investment decision based on any of our recommendations. All the information we share represents our views on the date of publishing as stocks are subject to real time changes and therefore may change without notice. Please remember that investments can go up and down and past performance is not necessarily indicative of future returns. We request our readers not to interpret our reports as direct recommendations. To the extent permitted by law, Veye Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss, or data corruption) (as mentioned on the website www.veye.com.au), and confirms that the employees and/or associates of Veye Pty Ltd do not hold positions in any of the financial products covered on the website on the date of publishing this report. Veye Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services.
