Ora Banda Mining Ltd (ASX:OBM) is a distinctively poised gold exploration and development company and the latest Australian gold producer with a prolific tenement package in a prime location of Western Australia.
Located around 120 km north-west of Kalgoorlie, the Davyhurst region hosts multiple gold deposits, which present a significant gold opportunity for the Company.
The Company has lately poured first gold from its fully owned Davyhurst Gold Project in the very promising Eastern Goldfields region. OBM has one of the most prominent ground positions in the Eastern Goldfields, with high-grade resources awaiting mining.
Moreover, the Company has targeted resource development work across five advanced project areas, including the Riverina, Waihi, Siberia (Sand King and Missouri Deposits), Callion and Golden Eagle deposits.
Ora Banda is driven by the aim of generating substantial value from its strategic and prospective landholding across these advanced deposits.
OBM’s principal target has been gold mineralisation which occurs across all geological domains across the Project. For this purpose, OBM has undertaken significant work at its prolific gold deposits, especially at the Riverina Project.
Moreover, the Company had also initiated mine development and production activities from the Golden Eagle underground mine.
One of the key attractions of the Dabyhurst Project has been the pre-existence of substantial infrastructure, including a 1.2 Mtpa conventional CIP processing facility, a broad road network, a 160-person camp, administration and workshop buildings and a large water bore field.
Lately, OBM has also developed significant infrastructure at the project premises through a capital works program to facilitate the production of gold. This infrastructure includes a power station, bore fields and related infrastructure, camp village etc.
The Company has turned the corner around challenging times over the years and has been expediting its activities towards advancing all its prospective landholdings.
OBM is backed by an extensively experienced team of professionals who have a proven track record in vital geology, operations, project finance, and legal disciplines across the mining industry.