Ora Banda Mining Ltd
Ora Banda Mining (ASX: OBM) is a uniquely positioned gold exploration and development company, and 100% owner of the Davyhurst Gold Project in the highly prospective Eastern Goldfields region of Western Australia.
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Ora Banda Mining boosts Davyhurst gold reserves 60% to 330,000 ounces
Ora Banda Mining Ltd (ASX:OBM) is higher after boosting gold ore reserves by 60% to 330,000 ounces at the Davyhurst Gold Project north of Kalgoorlie in Western Australia's prolific Goldfields.
The new combined probable estimate is for four key deposits at Davyhurst - Riverina, Missouri and Sand King open pits and Golden Eagle underground.
There are maiden reserves for Riverina and Golden Eagle while the Missouri reserve is up 8% to 130,000 ounces and the Sand King reserve is 18% higher to 110,000 ounces.
The Riverina open pit reserve is 81,000 ounces and the Golden Eagle underground reserve is 16,000 ounces.
Shares higher
Shares have been up more than 12% to an intra-day high of A26.5 cents, approaching the 12-month high of A27 cents in August 2019.
Ora Banda managing director David Quinlivan said: "The company is pleased to update the market on the ore reserves for the Davyhurst Gold Project as we progress toward the completion of the DFS."
Other Ora Banda Mining Ltd news
- Ora Banda Mining halted with interim ore reserve statement pending
2020-05-25 - Ora Banda Mining lifts Callion gold resource by 144% at Davyhurst Project
2020-05-15 - Ora Banda Mining drilling delivers strong gold results at Riverina South
2020-04-09 - Ora Banda Mining upgrading Callion resource model after drilling hits more high-grade gold
2020-03-03
