Ora Banda Mining ( (AU:OBM) ) has shared an announcement.
Ora Banda Mining Limited has successfully processed the first batch of ore from its Sand King Underground mine through the Davyhurst plant, with results exceeding expectations in terms of grade and recovery rates. The company reports a 19% increase in gold ounce endowment due to the identification of additional ore lodes and ‘blow-out’ zones, which could enhance production opportunities. With all critical infrastructure projects completed, the mine is on track to reach steady state production by June, potentially strengthening Ora Banda’s position in the gold mining sector.
More about Ora Banda Mining
Ora Banda Mining Limited is a company operating in the mining industry, focusing on gold extraction and processing. The company is involved in the development and operation of gold mines, with a particular focus on the Sand King Underground mine near the Davyhurst processing plant in Western Australia.
YTD Price Performance: 39.23%
Average Trading Volume: 4,899,078
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.7B
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