Announcement Date: 2022-08-01
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Ora Banda Mining Ltd.
Project name: Davyhurst
Location: Australia
Commodities: Gold
Highlight: Updated Resources and Reserves for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Ora Banda Mining Limited (ASX:OBM) (“Ora Banda”, “Company”) is pleased to announce updated estimates for its Mineral Resources and Ore Reserves as at June 30 2022, outlined in the following tables. Total Mineral Resource Estimate The Ore Reserve inventories form a robust foundation to build a profitable growth strategy for the company. The reserves were estimated at a gold price of $A 1,850/oz which provides excellent cashflow opportunities compared to previous calculations done at a gold price of $2,200/oz. Cost increases have been taken into account for the Ore Reserve conversion which reflect changes in the prevailing market conditions for the Western Australian mining industry. Mineral Resource updates and mining depletions are factored in alongside operational efficiencies to form a robust business case on which to build a strong future for Ora Banda. The Mineral Resource of 2.0Moz also provides extensive future organic growth opportunities for the Company. Ora Banda Mining’s Chief Executive Officer, Luke Creagh, commented
Read More

Pricing Plans

We are a SaaS business and access to announcements and data is by subscription. We offer monthly subscriptions and discounts for annual payments.


$ 10
Per Month

Stay up to date with the global mining industry.

  • The Opaxe Review
  • Search using Explore
  • 40,000 company announcements
  • Access announcements older than 7 days only


$ 100
Per Month

Comes with Alerts and lots of data, perfect for: Mining Companies, Consultants, and Share Traders

  • All Essential plan features; plus
  • Announcement Alerts and Notifications
  • Drilling result comparisons
  • Downloadable intercept data
  • Resources and reserves data