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ORA BANDA MINING LTD - Corporate Spotlight

Ora Banda Mining (ASX: OBM) is the latest Australian gold producer, having just poured... Ora Banda Mining (ASX: OBM) is the latest Australian gold producer, having just poured it's first gold from its Davyhurst Gold Project in the highly prospective Eastern Goldfields region of Western Australia.More

Corporate Spotlight

Ora Banda Mining (ASX: OBM) is the latest Australian gold producer, having just poured it's first ore gold from its Davyhurst Gold Project in the highly prospective Eastern Goldfields region of Western Australia.
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Interview With David Quinlivan - February 2021

OBM AUSTRALIA'S NEWEST GOLD PRODUCER

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  • Ora Banda Mining (OBM) has successfully recommissioned its Davyhurst gold processing plant with the first gold poured on February 7
  • Managing Director David Quinlivan says the first gold pour marks Ora Banda's transition from developer to producer
  • The Davyhurst gold processing plant is a 1.2 million tonnes per annum operation to support the greater Davyhurst Gold Project in WA
  • Along with the plant itself, Ora Banda has commissioned other infrastructure, such as upgraded roads, chemical storage facilities and accommodation, to support the plant
  • The processing plant is currently running at a throughput rate of nearly one million tonnes per annum
  • However, Ora Banda is focused on ramping up production by more than 200,000 tonnes


Ora Banda Mining (OBM) has successfully recommissioned its Davyhurst gold processing plant with the first gold poured on February 7.

Additionally, all the supporting infrastructure needed to sustain ongoing processing activities at the processing plant is now in place and has been commissioned.

Site infrastructure includes a 8.25-megawatt gas and diesel-fired power station, process plant chemical storage facilities, upgraded road infrastructure for ore supply routes and an upgraded 172 room camp at Davyhurst.

The Davyhurst gold processing plant is a 1.2 million tonnes per annum operation to process material from the greater Davyhurst Gold Project in Western Australia.

The pouring of the first gold bar is significant for Ora Banda and marks a long-awaited milestone.

First gold bar. Source: Ora Banda Mining.

"Yesterday’s gold pour marks a significant milestone for Ora Banda – our transition from developer to producer," Managing Director David Quinlivan said.

"We are pleased to reach this important milestone and congratulate all who have been involved in the accomplishment. It has been an impressive team effort to deliver this project into production under the uniquely challenging circumstances of 2020 and 2021," David added.

Currently, the Davyhurst processing plant is running at a throughput rate of nearly one million tonnes per annum however Ora Banda is well positioned to ramp up production by more than 200,000 tonnes as outlined in its definitive feasibility study (DFS).

See Full Article Here. 

OBM POST Q4 UPDATE

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Ora Banda Mining (ASX:OBM) focuses on production during December quarter 



  • Ora Banda Mining's (OBM) spent much of the December quarter gearing up for the resumption of gold production at the Davyhurst Project in WA
  • The company has released its latest quarterly activities and financial update, highlighting the works carried out ahead of production resuming in January
  • These works include commencing dry commissioning at the process plant, building ore stocks from the Riverina open-pit and installing an LNG power station 
  • Ora Banda ended December with $32.59 million in the bank, having spent $3.69 million on operating expenses and $15.96 million on investment activities
  • Meanwhile, since the end of the December quarter, OBM has begun feeding processing ore into the crusher, with wet processing also commencing


Ora Banda Mining (OBM) has released its latest quarterly report, showing it spent much of the period gearing up for the resumption of gold production at Davyhurst.

The Davyhurst Gold Project is located in the Eastern Goldfields region of WA and OBM was planning to resume gold production there in the first quarter of 2021.

In anticipation of this, the company carried out a number of work programs, including commencing dry commissioning at the 1.2 million tonnes per annum Davyhurst Gold Processing Plant in December.

It also begun open-pit mining at Riverina in October, in a bid to build up its ore stocks ahead of plant re-commissioning, with a total of 418,166 bank cubic metres mined from stage one.

Along with the open-pit mining, Ora Banda re-established access to the Golden Eagle underground mine via the open-pit mine, with the de-watering process now completed.

Finally, the December quarter also saw OBM complete the pre-commission and installation of its LNG Power Station for the project.

The Davyhurst village upgrade was also completed, while construction continued on the Riverina village as well as at regional roads in and out of the site.

Financially, the company spent $3.69 million on operating expenses and $15.96 million on investment activities over the December quarter. The biggest expense was plant, property and equipment — where over $10 million was spent.

Ora Banda ended December with $32.59 million in the bank, enough cash to keep it going for another 4.66 quarters if its burn rate remains the same.

Meanwhile, since the end of the December quarter, Ora Banda reports road haulage of ore to the Davyhurst plant has begun, with 40,000 tonnes moved to date.

Pleasingly, the company said the first parcel of low grade commissioning ore was fed into the primary crusher on January 17 while wet processing commenced midway through the month.

Since the December quarter came to a close, OBM has had to launch an investigation after an electrician was hurt in a "serious" incident at one if its mines.


See Full Article Here 

VIDEOS

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Interview With David Quinlivan - February 2021 




Interview with David Quinlivan, MD Orabanda Mining - August





Interview with David Quinlivan, MD Orabanda Mining - May Updates




OBM INCREASES TOTAL CALLION RESOURCE

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29th June 2020 - The Market Herald 


  • Ora Banda (OBM) has increased the Callion Deposit's total resource by 72 per cent to 680,000 tonnes at 4.9 g/t gold for 107,000 ounces of gold
  • Today, the company released Callion's maiden underground indicated and inferred mineral resource which is 11,000 tonnes at 5.8 g/t gold for 77,000 ounces of gold
  • Positively, this update completes the resource estimation process for the definitive feasibility study
  • The Callion Deposit is part of the Davyhurst Gold Project in WA, which now has a total mineral resource of 23.7 million tonnes at 2.8 g/t gold for 2.13 million ounces
  • Despite the good news, company shares have dropped a slight 3.03 per cent and are trading for 32 cents each

Ora Banda (OBM) has announced the maiden underground mineral resource at the Callion Deposit, a key part of its Davyhurst Gold Project in Western Australia.


Callion's maiden underground indicated and inferred mineral resource is 411,000 tonnes at 5.8 g/t gold for 77,000 ounces of gold.

This comes after Ora Banda announced the upgrade of Callion's open-pit resource in May this year. This resource remains unchanged at 269,000 tonnes at 3.5 g/t gold for 30,000 ounces.


Significantly, the addition of the underground component has increased the Callion Deposit's overall total resource by 72 per cent to 680,000 tonnes at 4.9 g/t gold for 107,000 ounces of gold. 


Ora Banda's total mineral resource now sits at 23.7 million tonnes at 2.8 g/t gold for 2.13 million ounces.


"This update completes the resource estimation process for the imminent DFS," Managing Director David Quinlivan said.


"The deeper, high-grade drilling results received to date from Callion indicate there is significant potential for a lower tonnage, higher grade underground mine and we continue to evaluate this opportunity as we believe it could make a significant contribution to the larger Davyhurst Gold Project," David added.


The new underground resource at Callion stems from recent drilling that targeted the Callion Main Lode below the open-pit resource shell. 


Pleasingly, gold mineralisation at Callion plunges to the south and has been defined by drilling to a 450-metre depth below surface.

Despite the good news, company shares have dropped a slight 3.03 per cent and are trading for 32 cents each at 1:38 pm AEST.


29th June 2020 - The Market Herald

PRESENTATION

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AGM PRESENTATION

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RESULTS CONTINUE

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High Grade Assays Results Continue at Waihi

ASX Announcement 6 November 2019 


HIGHLIGHTS

  • Significant high-grade results continue from Waihi Phase 1 resource definition drilling 
  • Outstanding result returned 23.0m @ 6.2 g/t from 57m & 17.0m @ 6.7 g/t from 77m 
    • Also 1.6m @ 36.3g/t from 219.0 metres, including 0.65m @ 91.3g/t 
    • Also 6.0m @ 5.5g/t from 107.0 metres 
    • Also 2.0m @ 13.0g/t from 56.0 metres 
  • Ora Banda is well-funded to continue an aggressive drilling program at Waihi


Ora Banda Mining Limited (ASX:OBM) (“Ora Banda”, “Company”) is pleased to announce the next round of results from its Waihi resource definition drilling program.


Recently, both reverse circulation (RC) and diamond drilling (DD) operations have been centred on the Waihi deposit with solid progress achieved. Drilling has been focused on delineating and upgrading an optimal open pit Mineral Resource with potential for further resource extensions at depth. A total of 3,899 RC metres and 4,234 DD metres for 8,133 metres has been completed to date at Waihi from a total planned program of 9,845 metres.


The more recent drilling continues to infill and extend early results that intersected the Waihi and Homeward Bound ore shoots at depth down plunge of the existing open pit resources. These earlier results include, but are not limited to:


  • 23m @ 9.1g/t from 128 metres (see ASX announcement dated 29 July 2019) 
  • 5.0m @ 19.2 g/t from 38 metres (see ASX announcement dated 14 October 2019) 
  • 8.0m @ 4.2g/t from 36 metres (see ASX announcement dated 14 October 2019) 
  • 6.0m @ 4.7g/t from 57 metres (see ASX announcement dated 14 October 2019) 


Of interest in the latest batch of results is hole WHDD0024 that intersected 2.0m @ 13.0g/t in a RC pre-collar that targeted the Golden Pole lode (see figure 2). This previously undiscovered hangingwall structure is untested along strike for up to 270 metres (180m north & 90 metres south) and poorly tested beyond that.


A further 2,500 Waihi area samples are currently awaiting processing through the assay laboratory. 


Managing Director Comment 

Ora Banda Managing Director, David Quinlivan, said: “The strength of the Waihi drilling results to date continuesto impress. Waihi is a high tenor ore system and the discovery of a previously untested hanging wall lode on the Golden Pole line of lode is exciting and demonstrates that the near mine exploration potential remains highly prospective. Our drilling program at Waihi continues and we look forward to the next round of results from this program.” 


Click here to view the full announcement

HIGH GRADES HIT AT RIVERINA SOUTH

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  • Ora Banda Mining (OBM) has intersected grades as high as 32.4g/t gold at the Riverina South Project in Western Australia
  • The aim of the recent infill drilling program was to close the current drill spacing, enabling the inferred resource to upgrade to indicated
  • The drilling program has roughly 7400 metres left be completed


Ora Banda Mining (OBM) has intersected grades as high as 32.4g/t gold at the Riverina South Project in Western Australia. 


The site has a maiden mineral resource of 650,000 tonnes at 2.1g/t gold for 43,000 ounces, which includes open pit and underground components. 


The aim of this recent infill drilling program was to close the current drill spacing of 40 metres by 25 metres to 20 metres by 25 metres. This will allow the inferred mineral resource to be upgraded to indicated. 


Best results received to date include three metres at 32.4g/t gold from 34 metres, and five metres at 10.4g/t gold from 21 metres including two metres at 24.8g/t gold.


"This project is on track to deliver mine extensions with the deeper drilling ongoing. We are keen to see how the upgraded mineral resource at Riverina South can contribute to the ore stream flowing from main Riverina open pit mining operations," Managing Director David Quinlivan said. 


"The mining is picking up pace, so the time is now in relation to incorporating Riverina South into this larger program," he added.

 

The drilling program has roughly 7400 metres left be completed. 


SEE FULL ARTICLE HERE. 

OBM NEAR COMPLETION OF RIVERINA DRILLING

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Ora Banda Mining (ASX:OBM) nears completion of Riverina drilling

Mining

ASX:OBM 

8 March 2021 14:10



  • • Ora Banda Mining (OBM) has received further results from the Riverina South and Riverina Underground deposits in          Western Australia
  • • Drilling at Riverina South will aim to upgrade the inferred mineral resource to indicated
  •   Work began in mid-January, and Ora Banda expects to wrap up by mid-March
  • • Drilling at Riverina Underground will upgrade and potentially extend the current mineral resource of 728,000 tonnes
  • • Both reverse circulation and diamond drilling will be undertaken at main lodes, which were last mined in the 1980s
  • • Ora Banda is up 6.12 per cent and shares are trading at 26 cents


Ora Banda Mining (OBM) has received further results from the Riverina South and Riverina Underground deposits in Western Australia.


Riverina South

Drilling at Riverina South will aim to upgrade the inferred mineral resource of 650,000 tonnes at 2.1g/t gold for 43,000 ounces to indicated.


Work has identified a one-kilometre-long highly prospective strike extension immediately south of the main mining area.


Best results to date include 10 metres at 10.8g/t gold from 80 metres including six metres at 17.3g/t gold, and eight metres at 9.9g/t gold from 69 metres including six metres at 13g/t gold.


Drilling began in mid-January, and Ora Banda will aim to wrap it up by mid-March.


This current drilling program at Riverina South is the third phase to occur and follows on from the phase two work which created the mineral resource.


Riverina Underground

Drilling at Riverina Underground hopes to upgrade and potentially extend the current mineral resource of 728,000 tonnes at 5.9g/t gold for 139,000 ounces.


Both reverse circulation (RC) and diamond drilling will be undertaken at main lodes, which were last mined in the 1980s.


The main lodes are two sub-vertical mineralised shears which span more than one kilometre in length and more than 250 metres in depth.


Best results returned include two metres at 10.9g/t gold from 126 metres, six metres at 10.1g/t gold from 96 metres and 14 metres at 6.6g/t gold from 148 metres.


"These results continue to provide a solid basis for significant open pit and underground mineral resource upgrades at Riverina South," Managing Director David Quinlivan commented.


"We accordingly have increased confidence that Riverina South has the potential to deliver both a substantial extension to current open pit mining operations and a new underground mining operation at Riverina," he said.


"Numerous highly prospective areas remain to be tested at Riverina and we look forward to the ongoing exploration efforts at Riverina delivering exciting results into the future," he added.


Read the full article on the Market Herald here

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