Company
Ora Banda Mining Ltd
ASX:OBM
Ora Banda Mining Ltd is a uniquely positioned gold exploration and development company as 100% owner of the Davyhurst Gold Project in the highly productive eastern goldfields region of Western Australia. Davyhurst is located just 120 km north-west of Kalgoorlie. The region is host to multiple gold deposits with Ora Banda Mining currently carrying a total mineral resource inventory of 2.00 Moz at an average grade of 2.5 g/t Au.
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Ora Banda Mining moves closer to mining investment decision at Riverina
“We currently have two drill rigs operating at Riverina till the end of December and if the results remain consistent with those recently returned, the company should be in a good position to make a mining investment decision by the June qu
Ora Banda Mining CEO transitions to managing director to extract maximum value from portfolio of assets
“Luke [Creagh] is highly experienced in managing mining operations and is well placed to lead Ora Banda and extract maximum value from Ora Banda’s highly prospective land package,” said chair Peter Mansell.
Ora Banda Mining's board farewells retiring Keith Jones and welcomes finance veteran Alan Rule
Alan Rule has more than 25 years’ experience as the chief financial officer of ASX-listed mining companies and will join Ora Banda on September 30.
Ora Banda Mining ore reserve update for Davyhurst underpins organic growth opportunities
“I am very upbeat about increasing our resource and reserve base given the outstanding opportunities the company has with over 120 kilometres of mineralised trends that are substantially under-explored," said CEO Luke Creagh.
Ora Banda Mining appoints experienced mining engineer as chief executive officer
“We couldn’t be happier that Luke is joining us. He has had considerable experience managing mining operations and is highly qualified to guide Ora Banda through its current operational reset plan," chair Peter Mansell said.
Ora Banda Mining identifies five new Greater Callion gold targets following mapping and sampling
“The recent mapping and high-grade rock chip results are most encouraging and give us five new targets to drill. Meanwhile, we will press on using an aircore rig to better delineate other areas with anomalous mineralisation which if success
Ora Banda Mining gets first stage of its operational reset plan underway
“We’re confident that in the months ahead, these changes will move Ora Banda into a much stronger, cash accretive position,” says interim CEO.
Ora Banda to streamline operations with a six-month focus on the Missouri open pit
The rollout of this plan will start immediately, with stage two to focus on resource development and sustainable mine production beyond 24 months.
Ora Banda Mining on the hunt for new leadership
Stepping into the interim chief executive role, Andrew Czerw boasts more than 30 years of domestic and international industry experience.
Ora Banda Mining completes A$20 million equity fund raising
The retail entitlement offer closed on March 17, 2022, pursuant to which Ora Banda will issue around 144.9 million new shares at the offer price of A$0.05 per new share, to raise about A$7.25 million before costs.
Ora Banda Mining completes A$5 million placement and A$7.7 million institutional entitlement offer bookbuild
Proceeds from the equity raising, together with existing cash, will be used for exploration costs, drilling to progress resource development, operational improvements, working capital and offer costs.
Ora Banda launches $20 million equity raising, looks ahead to exploration
The equity raising comprises an institutional placement of up to A$5 million and a 4 for 13 accelerated non-renounceable entitlement offer to raise approximately A$15 million.
Ora Banda Mining delivers strong operational and drilling progress across gold assets in Western Australia
“Identifying gold anomalism in holes 80 metres apart means that there is plenty of follow up work to be done on these prospects,” says MD.
Ora Banda Mining achieves best quarterly performance since re-start of Davyhurst gold operation
Ora has re-iterated its FY22 gold production forecast in the range of 70,000 to 75,000 ounces – although to the lower end of the range.
Ora Banda Mining highlights further gold exploration success at West Australian projects
“We are greatly encouraged by the strong gold results coming from the Victoria Workings, just 6 kilometres southwest of the active Riverina open cut mine. We will be looking forward to continued drilling success in this area," says MD.
Ora Banda Mining's weekly performance at Davyhurst crushing circuit continues to improve
The notable aspect of the improvement was the trial of the crushing circuit with 100% primary rock as feed for several days.
Ora Banda poised to reap benefits with Mt Ida Gold sale now unconditional
After a competitive process, Ora Banda earlier this month signed a non-binding agreement with TNT Mines to sell Mt Ida Gold for cash consideration of $11 million.