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Ora Banda Mining (ASX:OBM) transitions to producer after first gold pour

Mining
ASX:OBM      MCAP $574.8M
08 February 2021 14:50 (AEST)
Ora Banda Mining (ASX:OBM) - Managing Director, David Quinlivan

Source: The Market Herald

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).

Ora Banda is up 3.33 per cent and shares are trading at 31 cents at 1:59 pm AEDT.

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