Ora Banda Mining Ltd.
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in mil. unless spec.Company Description
- CEO
- Luke Creagh
- Full Time Employees
- 7
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 1 Hood Street Subiaco WA Australia 6008
- IPO Date
- Aug 19, 2002
- Website
- orabandamining.com.au
- Similar Companies
- Business
- Ora Banda Mining Limited is an Australian company engaged in the exploration, development, and operation of mineral properties, primarily focused on gold production in Western Australia. The company holds a 100% interest in the Davyhurst Gold Project, situated northwest of Kalgoorlie within the rich Eastern Goldfields region. This comprehensive project encompasses numerous tenements spanning approximately 1,135 to 1,336 square kilometers, covering extensive greenstone sequences highly prospective for gold, as well as nickel and base metal mineralization. Ora Banda Mining operates a centralized 1.2 million tonnes per annum (Mtpa) processing facility, alongside significant infrastructure including accommodation camps and a power station at Davyhurst, which supports its mining activities. Key production deposits at Davyhurst include the Riverina and Sand King underground mines, along with other prospects like Missouri, Waihi, Callion, Lady Ida, Mulline, and Golden Eagle. The company has recently achieved record gold production and cash flow, driven by increased contributions from its underground operations and improved processing performance. Ora Banda is actively expanding its resource and reserve base through significant exploration programs, targeting extensions at existing mines and evaluating new prospects like Little Gem and Round Dam, with a strategic goal to increase annual gold production to between 140,000 to 155,000 ounces by the 2026 financial year. Ora Banda Mining Limited, which was formerly known as Eastern Goldfields Limited, adopted its current name in June 2019. The company was established in 2002 and maintains its headquarters in Subiaco, Australia.
Company News
Ora Banda builds ESG capability alongside Davyhurst expansion
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Ora Banda boosts Davyhurst gold resources by 75% as reserves more than double
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Ora Banda doubles Ore Reserves as Round Dam and Waihi drive 1.46Moz resource growth
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Ora Banda drilling boosts Golden Pole case as Waihi’s potential third underground mine
Ora Banda posts record production and cash flow as Davyhurst gains momentum
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Ora Banda expands Little Gem system as drilling uncovers new Sapphire trend
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Ora Banda grows Round Dam resource tenfold to 1.33Moz
Ora Banda posts record $336.3m half-year revenue as EBITDA more than doubles