Ora Banda: Increases ore reserve by 60pc at Davyhurst
- Ora Banda (OBM) has increased its Davyhurst Gold Project ore reserve by 60 per cent to 330,000 ounces of gold
- The gold explorer combined the ore reserve for four key ore deposits —Riverina, Missouri, Sand King open pits and Golden Eagle — at its Davyhurst Gold Project
- Then the ore reserve calculated at a gold price of $2100 ounces per gold
- Additionally, Ora Banda says that it nearly finished with its mining studies at Waihi and Callion open pits as well as the underground extension to Riverina
- Further, its definitive feasibility study is progressing on time and expected to completed next month
- On market close, Ora Banda is up 8.51 per cent and is selling shares for 26 cents each