Ora Banda (OBM) has reflected on a busy June quarter as it prepares to restart production at the Davyhurst Gold Project in Kalgoorlie, Western Australia
During the period, the company increased both its resource and reserve base and completed its definitive feasibility study (DFS)
Meanwhile, plant commissioning at Davyhurst is expected to commence by the end of the year, followed by first gold production forecast in early 2021
Ora Banda burnt $2.9 million on operating activities this quarter, and finished the June quarter in a strong position with $10.6 million in the bank and no debt
Company shares have dropped 2.86 per cent on the market and are trading for 34 cents per share
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