OBM 2.56% 40.0¢ ora banda mining ltd

Met with new CEO ( Pete ) today, page-5

  1. 11,852 Posts.
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    Cheers Thuynh.
    Very positive update actually.

    Plant has been achieving name plate processing capacity. Plant operating almost 100% (except for continued swapping of certain parts- old plant, to be expected). Still planning to achieve nameplate by end of March.

    $5m still to be spent on exploration for the rest of the this financial year (so only 3 1/2 months). Focus has obviously been on bringing in Riverina south to the mine plan, which looks to be close. So we should see the mine plan hit their original target of 500k ounces (they seem to be implying it will add around 42k ounces). That is not including the Riverina U/G which I hope, will be the next focus. Then they are finally going to be drilling all their other targets they briefly focused on last year.

    Overall, whilst I am sure there are still teething issues, OBM might indeed actually get close to the DFS parameters (we will see of course!)
 
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