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.