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Ora Banda directors show confidence in gold strategy through share purchase plan participation Earlier this month the company unveiled strong initial gold results from infill drilling at Iguana gold deposit in Western Australia. Ora Banda became Australia’s newest gold producer after recommissioning Davyhurst Processing Plant with first gold poured on February 7, 2021. Ora Banda Mining Ltd (ASX:OBM) (FRA:M6N) directors have demonstrated their confidence in the company’s gold strategy by participating in the company’s share purchase plan (SPP) announced on June 8. The company raised A$745,000 under a non-underwritten share purchase plan (SPP) to eligible shareholders on July 5, increasing the total of its capital raising to A$21.745 million. ....
Ora Banda Mining appoints Peter Nicholson as managing director The appointment follows the retirement of David Quinlivan from the role but the company will continue to benefit from his knowledge and expertise as a non-executive director. The new MD has 25 years of industry experience in operational and mine management roles. Ora Banda Mining Ltd (ASX:OBM) (OTCMKTS:ESGFF) (FRA:M6N) has appointed Peter Nicholson as managing director with effect from today and this follows the retirement of David Quinlivan as MD. Nicholson will step into the new role after holding the position of chief executive officer since April 2, 2021. Quinlivan will immediately assume the role of a non-executive director of the company. ....
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Ora Banda Mining Ora Ltd (ASX:OBM) (FRA:M6N) became Australia’s newest gold producer after it recommissioned the Davyhurst Gold Processing Plant in WA, together with its associated site infrastructure, with the first gold poured on February 7, 2021. It marked a major milestone for Ora Banda, transitioning the company from a developer to a gold producer. The gold producer now has two operating mines – Riverina and Golden Eagle - with the third, Missouri, in development. Its 1.2 million tonnes per annum nameplate process plant is operational and it is continuing to build ore stores. Quarterly highlights During the quarter, a total of 3,024 ounces of gold were sold at an average price of A$2,235 per ounce. At quarter-end the company had: ....