Ora Banda Mining Advancing Towards Production At Davyhurst Compelling Financial Metrics Revealed By DFS

1 min read | September 09, 2020 03:23 PM AEST | By Team Kalkine Media

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Ora Banda Mining Limited (ASX:OBM) has been seeking to recommence production at its Davyhurst Gold Project during the first quarter of CY2021.

The recommencement of production is underpinned by compelling financial metrics returned from the Definitive Feasibility study along with indications of strong financial returns for a technically robust re-start. OBM has obtained major approvals and permits or reasonably anticipated to be acquired.

Furthermore, the significant existing infrastructure facilitates near term production with low capex.

The first phase of mining shall include Riverina open pit and Golden Eagle underground and the second phase shall involve Missouri and Sand King, once the process plant is recommissioned and ramped up to full capacity.

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