Ora Banda Mining Ltd (ASX:OBM)
Ora Banda Mining (ASX:OBM) is a gold exploration and development company and owner of the Davyhurst Gold Project in the highly productive Eastern Goldfields region of Western Australia.
Davyhurst is located north-west of Kalgoorlie. The region is host to multiple gold deposits with Ora Banda currently carrying a total mineral resource inventory of 2.17 Moz at an average grade of 2.8 g/t Au. The Company has defined mineral reserves of 460koz at 2.4 g/t Au. The Company believes its tenements are also highly prospective for Nickel and Copper.
Ora Banda owns an existing centralised processing hub and additional infrastructure at Davyhurst which has helped facilitate the rapid unlocking of value within the known resource base of the Company.