Ora Banda Investor Presentation February 2020

  • Feb 11, 2020 AEDT
  • Team Kalkine
Ora Banda Investor Presentation February 2020

Gold explorer, Ora Banda Mining Ltd (ASX: OBM) has released an Investor Presentation - A Near Term A$ Gold Producer on 11 February 2020, highlighting its progress so far in unlocking value at The Davyhurst Gold Project, which is a “District Scale” project spanning 1,336 km2 of highly prospective greenstone belt covering a 200 strike km.

Davyhurst Project - Overview and Headways

Favourable Infrastructure: There is significant infrastructure in place such as Tailings Storage Facility, Mains Power to Site, Extensive Road Network (Rav 10 Rated), 160 Room Camp, Admin buildings, Core Shed, Workshops, Airstrip, Bore fields and Pipelines, that would facilitate a low-cost path to near term production.

Source: Invest Presentation

Processing Plant: The presence of an existing Davyhurst Processing Plant with a capacity of 1.2Mtpa gives a big edge to Ora Banda with a cost to replace circa of $ 100 million and a recommissioning cost of ~$ 8.5 million, estimated on a EPCM basis. The time to recommission the plant will be around 24 weeks and Ora Banda is currently working on fast tracking a schedule.

Source: Invest Presentation

The Robust Resource Inventory of 23.8Mt @ 2.6 g/t for 2 Moz Au at Davyhurst continues to expand as a result of the ongoing Infill drill out that has substantially increased high confidence Indicated Resource base. Besides, the regional exploration program is testing a number of advanced high-grade prospects.

Mining Reserve base of 2.8Mt @ 2.3 g/t for 213,000 oz Au is also building.

Ora Banda is now planning to commence the Definitive Feasibility Study (DFS) targeting Q3 CY2020. The DFS will underpin project development with “capital light” production restart.

Mine Development Program: The exploration and drilling activities along with the DFS are presently focussed at five advanced deposits that are highly prospective, close to the plant and well analysed to underpin production. These are Riverina, Waihi, Callion, Siberia and Golden Eagle with a Currently Mineral Resource estimate 11.9Mt @ 2.8g/t for 1.05Moz.

Source: Invest Presentation

Source: Invest Presentation

  • Riverina: The planned drilling program is on schedule with 11,336 m already complete. Besides, there is a considerable scope to grow the resource and reserve base with three primary lodes open at depth, northern and southern strike extensions open, and eastern “Durham” lode untested.

36% Material Increase in The Riverina Mineral Resource

  • Waihi: Around 9,959 m of drilling has been completed at this deposit and progress is on schedule having considerable scope to grow resource and reserve base.

190% increase in Mineral Resource at advanced prospect Waihi

  • Callion: Phase 1 of drilling has been completed at Callion which has prospective open pit & high-grade underground mining opportunity. The company’s focus is on upgrading the open pit resource and reserve, and high-grade underground zones.

Phase 1 Of The Callion Drilling Program

  • Siberia: It has Sand King & Missouri open pit opportunities. There is considerable scope to grow resource and reserve base with two primary pits open at depth, northern and southern strike extensions open and high-grades in Palmerston area not followed up. Besides, strong underground potential remains below pits.

Siberia, Riverina and Waihi Boosting Ora Banda’s Exploration Momentum in Eastern Goldfields

  • Golden Eagle: It is also an advanced development opportunity with high grade underground mine while the drilling is targeting to define JORC 2012 Resource and maiden underground Reserve.

More on these high priority development targets may be READ here.

Forward Work Program – The Path to Production in 2020

  • Feasibility Study - Targeting completion - early 2H 2020.
  • Ongoing exploration program with targeted resource and reserve extensions and numerous priority greenfield targets being tested.
  • The total project finance is targeted to be secured by Q3 2020.
  • Process Plant remedial and recommissioning work is targeted for completion by Q4 2020.
  • Ora Banda envisions to commence production by Q1 2021.

The company is well-capitalised with approximately $ 23 million cash and no debt to achieve its near-term endeavours.

Read More: Ora Banda Mining’s December 2019 Quarterly Activities

Stock Information: Ora Banda’s market cap stands at around A$ 108.49 million. On 11 February 2020, the OBM stock ended the day at A$ 0.185 with ~268,136 shares traded. OBM has delivered a positive return of 5.71% in the last three months.


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