Ora Banda Mining Ltd (ASX:OBM) directors continue to show their faith in the company’s strategy to become a near term gold producer by purchasing shares on-market.
Adding to their holdings in the most recent purchases have been non-executive chairman Peter Mansell and non-executive directors Keith Jones and Mark Wheatley.
Mansell purchased about 1.17 million shares while Jones bought 500,000 shares and Wheatley bought 185,768 shares.
Davyhurst Gold Project
Ora owns the Davyhurst Gold Project in the Eastern Goldfields of Western Australia which hosts multiple gold deposits containing a total resource of 1.8 million ounces at 2.6 g/t.
Five key deposits to underpin production
The company’s immediate focus includes the advanced Riverina, Waihi, Siberia, Callion and Golden Eagle deposits.
Gold resources/reserves
Ora’s ownership of an existing centralised 1.2 million tonnes per annum processing hub, with well-established infrastructure, is expected to facilitate the rapid unlocking of the company’s resource base.
Strong news flow and multiple value catalysts