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Ora Banda Mining Ltd ASX:OBM

Gold Mining Free Cash Flow Gold Exploration

1 opened or increased5 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 12 managers in total.

Position history by manager Showing 3 of 12 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

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20252026

12 Aug 2025 to today

Commentary Showing 2 of 28

DateManagerActionSummary

31 Jul 2026Perennial PartnersHeldPerennial Partners continues to hold Ora Banda Mining after the gold producer bucked the trend of weaker gold equity performance, returning 7.6% for the month, buoyed by a continued string of exploration results that the manager says imply mine life extensions will continue.

Gold Exploration Gold MiningMonthly Report, price recorded $1.14

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30 Jun 2026Firetrail InvestmentsHeldFiretrail Investments continues to hold Ora Banda without change, noting the gold producer fell alongside a weakening gold price driven by US dollar strength and a safe-haven unwind as Middle East peace talks progressed. The manager states it does not take strong directional views on the gold price itself, preferring instead to back the best fundamental opportunities within the sector, and notes the fund has generated over 20% of excess returns from its gold holdings despite never running more than a 1% over- or under-weight position in the sector.

Monthly Report, price recorded $1.06

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26 more comments on OBMPro shows every comment, with a link to each source document.

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 12 managers first commented on OBM.

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Articles

About Ora Banda Mining Ltd

Materials, Metals and Mining

Ora Banda Mining (ASX:OBM) is a Western Australian gold producer that fund managers back for its growth and exploration upside. In July 2026, Perennial Partners noted Ora Banda rose almost 8% while other gold equities weakened, supported by a string of exploration results pointing to further mine life extensions. First Samuel described the scale and optionality of its Davyhurst district after a site visit, praising management, and Oracle Advisory Group sees an attractively priced producer with a clear growth path. Firetrail noted weakness when gold prices fell. Ora Banda Mining operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 28 comments from 12 fund managers, including Perennial, First Samuel, Oracle and Firetrail. Founded in 2002 and headquartered in West Perth, Ora Banda explores for and produces gold from its Davyhurst project in the Eastern Goldfields, including the Riverina and Sand King underground mines.

Market cap: $2.6b
Price to earnings: 15.6x
Return on equity: 52.5%
Dividend yield: 0.0%
Price to book: 5.91x
Net margin: 26.8%
52-week range: $0.98 to $1.72

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Ora Banda Mining Ltd (ASX:OBM)?

Fund managers including Clime Investment Management, Paragon Funds, Ausbil Investment Management, Pendal Group, Paradice Investment Management, Ophir Asset Management, Tyndall Asset Management, Seneca Financial Solutions, Oracle Advisory Group, Perennial Partners, First Samuel and Firetrail Investments have invested in Ora Banda Mining Ltd (ASX:OBM).

What opportunities or catalysts do fund managers highlight for Ora Banda Mining Ltd?

Managers highlight ongoing exploration success extending mine life, district-scale potential at Davyhurst, a clear production growth path and capable management, according to Perennial, First Samuel and Oracle.

What are the key risks to the Ora Banda Mining Ltd investment thesis, according to fund managers?

Firetrail notes Ora Banda fell alongside a weaker gold price as Middle East peace talks reduced safe-haven demand, and First Samuel observed the operation is still working through its ramp-up.

What does Ora Banda Mining Ltd (ASX:OBM) do?

Ora Banda Mining Ltd., founded in 2002 and headquartered in West Perth, Australia, is a gold exploration and development company. Its core asset portfolio includes the Central Davyhurst, Mount Ida, Lady Ida, Riverina-Mulline, Callion, Walhalla, and Siberia gold projects located in Western Australia.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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