Ora Banda Mining continues to build the strategic profile of its Davyhurst gold operations in Western Australia, with recent exploration results pointing to a broader mineralised system emerging around the Little Gem prospect. The expanding geological footprint comes at a time when specialist resource investors, including CQS Natural Resources Growth and Income, hold positions in the company, reflecting growing institutional interest in the district’s potential.
Recent drilling at Little Gem has significantly extended the known mineralisation. The system now stretches for more than 1.5 kilometres along strike and reaches depths of roughly 750 metres, with the mineralised structure still open both along strike and at depth. The scale of this growth indicates that Little Gem could evolve into a meaningful contributor to the resource base at the broader Davyhurst project. A maiden resource estimate for the prospect is expected during the second half of 2026, which will provide the first formal measure of its potential size.
Alongside this expansion, exploration has identified a new parallel mineralised corridor known as the Sapphire Trend. Located roughly 200 metres east of Little Gem, the structure has emerged from early drilling results that indicate the presence of a separate lode system. While still at an early stage, the identification of this trend is significant because it suggests the presence of multiple mineralised structures within the same corridor rather than a single isolated deposit.
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.
