https://www.miningweekly.com
Exploration|Gold|Mining|Underground
Exploration|Gold|Mining|Underground
exploration|gold|mining|underground

Ora Banda completes Lady Ida sale

19th September 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior Ora Banda Mining has completed the sale of its noncore Lady Ida tenements, in Western Australia.

The ASX-listed company earlier this year struck a A$10-million agreement over the tenements, retaining the right to all minerals on the site, other than gold and silver, including certain rights of access over the miscellaneous licences.

The company previously told shareholders that the Lady Ida tenements did not align with Ora Banda’s strategy to target high-grade underground deposits, nor is it included in the company’s production target of 100 000 oz/y supported by reserves.

The A$10-million sale proceeds will strengthen Ora Band’s balance sheet as the company progresses the Riverina underground toward final investment decision and continues exploration on other advanced high-grade targets.

Edited by Creamer Media Reporter

Comments

 

Showroom

SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.163 0.203s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: