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Ora Banda Mining directors continue on-market buying in support of gold strategy

Ora owns the Davyhurst Gold Project in Western Australia which hosts multiple gold deposits containing a total resource of 1.8 million ounces at 2.6 g/t.

Ora Banda Mining Ltd - Ora Banda Mining directors continue on-market buying in support of gold strategy
The company is well capitalised with about $23 million in cash and no debt

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

Quick facts: Ora Banda Mining Ltd

Price: 0.115 AUD

ASX:OBM
Market: ASX
Market Cap: $67.44 m
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