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Ora Banda Mining's David Quinlivan updates on $55mln fundraise and production plans

 

Ora Banda Mining Ltd's (ASX:OBM) (FRA:M6N) David Quinlivan tells Proactive's Andrew Scott they've received firm commitments for $55mln - phase one is complete and they've received the cash. He adds that the second phase is subject to shareholder approval with an EGM scheduled for early September. Quinlivan says the fundraise will see them fully funded and back into production in Q1 next year.

Quick facts: Ora Banda Mining Ltd

Price: 0.3 AUD

ASX:OBM
Market: ASX
Market Cap: $252.24 m
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Ora Banda Mining gearing up for start of production at Davyhurst gold project

Ora Banda Mining Ltd's (ASX:OBM) David Quinlivan tells Proactive's Andrew Scott that mining teams are now mobilising to site to recommence production at its Davyhurst Gold Project in January 2021. The company's recently boosted the overall resources at the project to 2.17 million ounces...

on 28/10/20

2 min read