Ora Banda Mining (AU:OBM) has released an update.
Ora Banda Mining has announced the approval of the Sand King Underground mine, marking a significant step towards achieving a production target of 150,000 ounces per annum by FY26 and reducing average costs. Funded by cash flow from their Riverina Underground mine and existing cash reserves, the project is expected to bolster the company’s growth and operational flexibility. The company also plans to invest heavily in exploration to expand its mineral resources and enhance infrastructure.
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