OBM 4.55% 31.5¢ ora banda mining ltd

Operational trend will be our friend

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    Operational improvements took effect in the December quarter with key achievements compared to previous quarter including:
    - Mining productivity increased by 27%
    - Mined ounces increased by 33%
    - Processed tonnes increased by 11%, including record tonnes milled of 109kt in December
    - Reduction in mill scats by ~97%

    ➢ $4.7 million spent in exploration and resource definition and $2.3 million spent inadvancing the Riverina
    Underground Project and processing plant improvements
    ➢ Quarter completed with a gold inventory of ~17.8koz including ore stockpiles
    ➢ H2 Guidance of 31-35koz at AISC $2,100-$2,300/oz represents a ~30% increase in ounces produced and ~25% AISC/oz reduction compared to H1; supported by strip reduction at Missouri in H2 and the mined grade improving at depth

    https://hotcopper.com.au/data/attachments/5011/5011372-a7775757bacddac14b6c75ee796d3373.jpg
 
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