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Ora Banda Mining (OBM) has spent the March quarter undertaking work at its West Australian gold projects Open pit mining continued at the Riverina Project with nearly 16,500 metres of reverse circulation in pit grade control drilling completed A total of 1.18 million bank cubic metres was mined with the northern half of the project now subject to drill and blast activities At the Davyhurst project, Ora Banda restarted the Davyhurst processing plant and recommenced underground mining operations at the Golden Eagle deposit Pleasingly, first gold pour was achieved on February 7, marking a significant milestone for the company Ora Banda burnt nearly $3.92 million in the quarter with the majority going towards administration, exploration and evaluation costs As of March 31, the company had $18.45 million in total available funding, representing 2.6 quarters of use if spending levels remain the same Read the Full Article on The Market Herald here
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