Gold exploration and development company, Ora Banda Mining Limited (ASX:OBM) has announced a maiden underground Mineral Resource of 411Kt @ 5.8 g/t Au for 77,000 Au ounces at Callion, which is a crucial part of OBM’s Davyhurst Gold Project and is placed 13 km south west of the Company’s Davyhurst processing plant.
The maiden underground Resource at Callion increases the total Resource at this historic high-grade mining centre by 72% to 680Kt @ 4.9 g/t Au for 107,000 Au ounces bringing OBM’s total Mineral Resource to 23.7 Mt @ 2.8 g/t Au for 2.13M ounces.
Which stock gained the most attention in 2019? Find out in our exclusive report on the much talked about lithium stocks which gained the most investor attention amidst the volatile and high drama electric vehicle market.
Read about the shift in the Electric Vehicle market in 2020 and the consequent focus on Lithium in our report.
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Understand the performance of mining companies. The lithium mining companies managed to sail through the turbulent white gold market by limiting the production in correspondence with the demand from the offtake partners.
