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.
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 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.
Ora Banda Mining to receive $11 million for Mt Ida
TNT is currently completing due diligence, which should be finalised along with approvals, by close of business on Friday, September 17.
Ora Banda selling Mt Ida Project to TNT Mines for $11 million
The agreement is subject to several conditions including the purchaser receiving commitments for a capital raising of not less than A$12 million to fund the acquisition.
Ora Banda positions for stronger, consistent Davyhurst gold production through enhancements
"It is most pleasing to see the step-change in our plant’s performance and throughput. It is testament to our team and their hard work that all the action plans are being executed with successful outcomes,” says MD.
Ora Banda Mining director increases holding through placement participation
David Quinlivan’s indirect interest in Ora Banda has increased by more than 588,000 shares, raising $100,000 for the gold explorer.
Ora Banda Mining hits high-grade gold at Riverina Underground ahead of resource update
These new strong results have the potential to deliver improved grades and confidence for the existing underground resource.
Ora Banda Mining buoyed by high-grade gold results at grassroots targets within WA Goldfields tenement package
Further aircore and reverse circulation drilling is being planned at regional targets to follow up the strong aircore results.
Ora Banda Mining boosts gold ore reserve to 470,000 ounces at Davyhurst Gold Project
Davyhurst comprises a 1.2 million tonnes per annum gold processing plant, fully permitted mining licences, fully-equipped accommodation facilities at Davyhurst and Riverina and a full complement of supporting infrastructure.
Ora Banda directors show confidence in gold strategy through share purchase plan participation
Earlier this month the company unveiled strong initial gold results from infill drilling at Iguana gold deposit in Western Australia.
Ora Banda Mining takes capital raising total to $21.745 million after completing SPP
Earlier this month the company unveiled strong initial gold results from infill drilling at Iguana gold deposit in Western Australia.
Ora Banda Mining appoints Peter Nicholson as managing director
The appointment follows the retirement of David Quinlivan from the role but the company will continue to benefit from his knowledge and expertise as a non-executive director.
Ora Banda Mining's strong initial Iguana gold results confirm resource potential
The first results from Ora Banda’s exploration campaign at the Iguana prospect are in, confirming the deposit’s resource potential.
Ora Banda Mining kicks off $4 million share purchase plan to raise additional capital for Davyhurst gold operations
The WA-focused gold and base metal company is set to raise further capital after it finalised a $21 million placement.
Ora Banda Mining reels in $21 million in strongly supported placement with SPP to follow
A share purchase plan will now be offered to eligible shareholders aiming to raise a further $4 million.
Ora Banda Mining in trading halt pending capital raising announcement
Assays for 17 diamond drill holes remain pending with mineralisation remaining open down-plunge and at depth.
Ora Banda Mining hits further broad, high-grade gold during Golden Eagle underground diamond drilling at Davyhurst Project
Assays for 17 diamond drill holes remain pending with mineralisation remaining open down-plunge and at depth.
Ora Banda Mining makes progress with ramp-up activities at Davyhurst Gold Project
Increasingly harder transitional and primary material from Riverina open pit, together with increasing quantities of primary ore from the Golden Eagle underground mine and the start of primary ore deliveries from Missouri open pit will see
Ora Banda Mining becomes Australia’s newest gold producer with two operating gold mines and a third in development
The March quarter of 2021 marked a major milestone as Ora Banda transitioned from a developer to a gold producer with two operating mines and a third in development.
Ora Banda Mining delivers further strong gold results from Riverina South and Riverina Underground infill drilling
The Riverina Project’s high proportion of oxide tonnes and current mineral resource of 322,000 ounces and open-pit reserve of 81,000 ounces make it an attractive early ore source for the company’s Davyhurst Project.
Ora Banda Mining signs A$15 million credit approved offer with Commonwealth Bank and appoints Peter Nicolson as new CEO
The facility is a significant step, given the company’s recent transition from developer to producer, with significant exploration upside.
Ora Banda Mining infill drilling at Riverina South returns up to 3 metres at 32.4 g/t gold
The objective of this resource infill drilling program is to close the current drill spacing from a nominal 40 x 25 metres pattern to a 20 x 25 metres pattern to allow the inferred resource to be upgraded.
Ora Banda Mining transitions to producer as it recommissions Davyhurst process plant and pours first gold
The company is well placed to progress process circuit optimisation and production ramp-up with in excess of 200,000 tonnes of run-of-mine stocks available for processing.
Ora Banda Mining on track for first gold pour this month at Davyhurst
The company has continued the strong progress made in the December quarter with wet commissioning of the plant underway and ore being delivered to the ROM pad.
Ora Banda Mining lifts Davyhurst gold resource to 2.17 million ounces with maiden Riverina South estimate
Riverina South prospect covers a prospective corridor of around 1-kilometre immediately along strike to the south of the Riverina deposit and is host to numerous historic gold workings.
Ora Banda Mining substantial holder Hawke's Point Group lifts stake to 46.64%
Multiple production sources are expected to underpin a potential long-life operation at Davyhurst, with six deposits to be mined by a combination of conventional open pit and underground mining techniques.
Ora Banda director participates in placement, supporting company’s gold strategy
Manfam Pty Ltd has acquired 174,000 fully paid ordinary shares in the company at 23 cents per share.
Ora Banda remains on track to become Australia's next gold producer
Multiple production sources are expected to underpin a potential long-life operation at Davyhurst, with six deposits to be mined by a combination of conventional open pit and underground mining techniques.
Ora Banda Mining receives strong gold results from drilling at Riverina South
Initial open-pit mining at Riverina is scheduled to commence in quarter four of 2020.
Ora Banda Mining directors demonstrate faith in gold strategy through entitlement offer participation
The company’s definitive feasibility study released in June highlighted the potential of multiple production sources to underpin a long-life operation at the Davyhurst Gold Project in Western Australia.
Ora Banda Mining completes retail component of strongly supported A$15 million entitlement offer
The offer was fully subscribed by eligible retail shareholders with A$7.4 million in applications received versus A$3.3 million on offer.
Ora Banda Mining awards $10.8 million Davyhurst EPC contract to GR Engineering
The work will include refurbishment, optimisation and recommissioning of the existing 1.2 million tonnes per annum Davyhurst Gold Processing Plant, borefields and associated infrastructure.
Ora Banda raising A$55 million to recommence Davyhurst gold production
The retail component of the entitlement offer seeks to raise around A$3.3 million through a 1 for 9 non-renounceable pro-rata entitlement offer of new fully paid ordinary shares.
Ora Banda Mining raising $55 million to underpin restart of gold production at Davyhurst project
The gold explorer is targeting the start of production at Davyhurst in January 2021.
Ora Banda Mining's positive DFS for Davyhurst Gold Project “provides solid case to re-start operations”
Multiple production sources are expected to underpin a potential long-life operation at Davyhurst, with six deposits to be mined by a combination of conventional open pit and underground mining techniques.
Ora Banda Mining boosts Davyhurst resource to 2.13 million ounces with maiden Callion underground estimate
The new underground resource at Callion results from recent drilling that targeted the Callion Main Lode below the A$2,400/ounce optimised open pit resource shell.
Ora Banda Mining lifts Riverina underground gold resource 46% to 139,000 ounces at higher grade
The total Mineral Resource now stands at 23.3 million tonnes at 2.7g/t for 2.05 million ounces.
Ora Banda Mining boosts Davyhurst gold reserves 60% to 330,000 ounces
There are maiden reserves at Riverina and Golden Eagle while Missouri and Sand King reserves have increased by 8% and 18% respectively.
Ora Banda Mining halted with interim ore reserve statement pending
The company’s regional drilling program focused on testing aspects of the Mulline and Golden Lode mineralised corridors which have been under explored in the past.
Ora Banda Mining delivers high-grade gold from regional drilling at Davyhurst project
The regional drilling program focused on testing aspects of the Mulline and Golden Lode mineralised corridors which have been underexplored in the past.
Ora Banda Mining higher on 144% increase in Callion gold resource at Davyhurst Project
Further resource growth is expected at Callion with underground resource modelling work continuing.
Ora Banda Mining confirms high-grade gold results from Sand King validation drill program
The definitive feasibility study into the restart of mining and processing operations at Davyhurst remains on schedule.
Ora Banda Mining drilling delivers strong gold results at Riverina South
The Riverina South exploration program targeted a 1 kilometre long, highly prospective strike extension corridor immediately south of the main Riverina mining area.
Ora Banda Mining upgrades Golden Eagle resource to 393,000 tonnes at 3.9 g/t gold
The company is now well positioned to bring the underground mine back into production as an integral part of its operational restart plan.
Ora Banda Mining's steady pathway to gold production
The district-scale Davyhurst Gold Project consists of 112 tenements, spanning across three shires and 1,336 square kilometres with almost continuous coverage (200 kilometres in strike length) of greenstone sequences.
Ora Banda Mining upgrading Callion resource model after drilling hits more high-grade gold
Drilling at Callion has been focused on extending and upgrading the current open-pit resource and delineating a maiden underground resource.
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.