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Ora Banda: Increases ore reserve by 60pc at Davyhurst

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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

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