Just the Facts: Ora Banda Mining achieves first ore at Sand King Underground Mine

Proactive - Interviews for investors

Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Ora Banda Mining Ltd (ASX:OBM). The company has intersected its first ore at the Sand King Underground Mine, part of the Davyhurst Gold Project in Western Australia and its ‘DRIVE to 150 Project’. Multiple ore lodes were intersected in the first crosscut at the 315 Level, just four months after establishing the portal, aligning with internal schedules. Development progress since late August includes 427 metres of decline and 835 metres of total excavation, completed on schedule and within budget, per the Final Investment Decision (FID). Initial capital works are finished, with the primary fan installation planned for January 2025. First stoping ore remains on track for Q1 2025, with steady-state production of 60,000 ounces expected by Q2 2025. Grade control drilling has confirmed high-grade gold, with results such as 9.5 g/t and 13.2 g/t. A recent surface exploration program at Sand King North has extended known mineralised zones, identifying grades of up to 31.3 g/t gold. The company projects combined output from Riverina and Sand King of 140,000–160,000 ounces by FY26. Ora Banda Mining anticipates strong growth in production and cashflows, with Sand King is considered key to its long-term strategy. #ProactiveInvestors #OraBandaMining #ASX #GoldMining, #SandKingMine, #DavyhurstProject, #UndergroundMining, #MiningNews, #AustralianMining, #GradeControl, #HighGradeGold, #GoldExploration, #ResourceExpansion, #ProductionMilestone, #MineDevelopment, #DRIVEto150, #MiningUpdates, #GoldOre, #WesternAustralia, #FinancialGrowth, #GoldProjects, #MiningFuture