Ora Banda Mining Achieves Key Milestone at Sand King Underground Mine

3 min read | December 18, 2024 05:18 PM PST | By Team Kalkine Media

Google News:

Ora Banda Mining Achieves Key Milestone at Sand King Underground Mine — Image source: shutterstock

Recent News

Cipher Mining Faces A Fresh Market Test After Sharp Share Pressure

Could Bloom Energy's Latest Moves Reshape Its Growth Story?

Is Terreno Realty Too Fully Priced After Its Recent Rebound?

Agnico Eagle’s Quiet Royalty Move Sparks Interest

Make Kalkine Media
My Trusted Source

Highlights

First Ore Intersection: Ora Banda Mining Ltd (ASX:ORB) intersected the first ore at its Sand King underground gold mine, achieving this milestone within four months of portal establishment.

Production Target: The mine remains on track for initial stoping ore production in the March 2025 quarter, with a steady-state annual output of approximately 60,000 ounces expected by the June quarter of 2025.

Development Progress: Smooth underground development has advanced with 427 metres of decline and 835 metres of total development completed, supported by grade control drilling confirming high-grade and bulk tonnage lodes.

Ora Banda Mining Ltd (ASX:ORB) has reported significant progress in the development of its Sand King underground gold mine, situated in Western Australia’s Eastern Goldfields. The company achieved its first ore intersection within just four months of establishing a portal at the site in August 2024. This milestone marks a pivotal step toward the mine’s production schedule.

The development at Sand King includes multiple ore lodes intersected in the first crosscut at the 315 Level. These intersections represent critical progress, with the project firmly on track to commence initial stoping ore production in the March 2025 quarter. By the June quarter of the same year, steady-state production is expected to reach approximately 60,000 ounces per annum.

Advancing Underground Development

The underground progression at Sand King has demonstrated efficiency and consistency, underpinned by favorable ground conditions. To date, the team has achieved 427 metres of decline development and 835 metres of total development. This swift progress reflects meticulous planning and execution.

Grade control drilling has further validated the mine’s potential, confirming the presence of multiple mineralised lodes at each level. The results include high-grade lodes as well as significant bulk tonnage opportunities. These findings enhance confidence in the mine’s ability to deliver long-term value.

Exploration and Resource Expansion

Ongoing drilling activities have not only confirmed existing mineralisation but have also extended the known mineralised zones. This highlights the potential to further expand resources at Sand King. The drilling outcomes underscore the project’s ability to unlock substantial untapped value within the mineralised system.

Outlook

With critical milestones achieved ahead of schedule, the Sand King project represents a cornerstone of Ora Banda’s broader growth strategy. The combination of advanced exploration, robust development progress, and promising production targets places the company in a strong position within the gold mining sector.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.