None
EN
Ora Banda greenlights $63m for WA gold growth push
['The West Australian']
The West Australian
Ora Banda Mining has doubled down on its organic growth playbook, with the board signing off on $63 million in key investments to crank up capacity across processing, mining and camp infrastructure at its fully-owned Davyhurst project in WA’s goldfields.
The centrepiece is a $10 million commitment to advance the proposed three million tonne per year (Mtpa) standalone processing plant from its definitive feasibility study (DFS) towards front-end engineering design (FEED).
The next box to be ticked is a $30 million injection of capital to kick off open-pit mining at Waihi, just three kilometres from the Davyhurst plant.
Ora Banda says a resource update on Waihi is planned for the June quarter and will incorporate the more recent drilling hits.
Ora Banda is playing a savvy long game by leveraging existing infrastructure, chasing organic upside and positioning for bigger production runs without overextending.