Ora Banda advances Round Dam corridor to underpin Davyhurst growth strategy

CYN

Ora Banda Mining has sharpened its development focus at Round Dam, outlining a large scale mineralised corridor that has the potential to materially expand feed options for its Davyhurst processing hub in Western Australia. Recent drilling has shifted the narrative from isolated targets to a coherent structural trend capable of supporting open pit mining at scale, with clear implications for mine life, capital efficiency and production planning.

Drilling along approximately seven kilometres of a broader 18 kilometre trend has confirmed consistent gold mineralisation across a wide corridor. Results include both broader zones of moderate grade material and narrower higher grade intercepts, supporting a geological model that accommodates bulk tonnage mining supplemented by grade enhancement from discrete shoots.

The company has completed more than 280 drill holes in its initial programme, providing a substantive dataset to support further resource work. The immediate investor focus will be on how quickly these results can be converted into defined resources and integrated into mine scheduling.

CQS Natural Resources Growth and Income plc (LON:CYN) is a closed end UK investment trust providing shareholders with capital growth and income from a portfolio of mining and resource equities and mining, resource, industrial and other fixed interest securities.

Share on:
Find more news, interviews, share price & company profile here for:

Latest Company News

Tamboran strengthens Beetaloo position after Falcon acquisition

Tamboran has completed its acquisition of Falcon Oil & Gas, creating the largest acreage position in the Beetaloo Basin and strengthening its strategic role in regional gas development.

CQS Natural Resources Growth and Income NAV rises 45.1% over six months

The April 2026 factsheet shows NAV total return of 45.1% over six months, with the share price returning 42.8% over the same period.

Equinox and Orla deal strengthens the case for a larger North American gold producer

Equinox Gold’s acquisition of Orla Mining creates a larger gold producer with stronger Canadian exposure, improved scale and a broader platform for future growth.

Equinox Gold builds a larger North American gold platform with Orla deal

Equinox Gold’s planned acquisition of Orla Mining would create a larger North America-focused gold producer with greater Canadian exposure, a broader production base and a more substantial development pipeline.

Emerald Resources builds gold growth momentum

Emerald Resources is using cash flow from Okvau to support gold growth plans at Dingo Range and Memot.

CQS Natural Resources delivers 119.6% NAV, 113.3% share price return, 8.0% dividend yield

Monthly performance fact sheet for CQS Natural Resources Growth and Income PLC, highlighting NAV and share price returns, benchmark index comparisons, discount, dividend yield, and portfolio positioning as at 31 March 2026.

Search