The underground mining tender process is well advanced and expected to be completed in March 2023
A mining commencement notice was submitted to DMIRS on 10 February 2023, with mining able to commence 45 days after this notice, therefore Ora Banda will be able to commence mining after 27 March 2023 (start date is subject to Ora Banda Board FID and underground contractor mobilisation)
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looking at cross sections, OBM should be extracting some good grades for blending quickly as the Main Lode economic mineralisation must be evident in veins from the base of existing pit floor.
the quantum of these resource tonnages will increase markedly with the new infill drilling planned and more holes down dip and along strike
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Luke has already started focussing on possibilities of another underground mine operation Callion and/or Siberia with that drilling program starting in March.
(Siberia is my prediction for something rather special)
OBM Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held
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