Ora Banda reviews Davyhurst
Ora Banda Mining is streamlining its Davyhurst operations to focus on mining the Missouri open pit for the next six months. The reorientation of activities at Davyhurst, 120km north-west of Kalgoorlie-Boulder, was outlined in a statement to the ASX last week, and came a week after Ora Banda announced managing director and chief executive Peter Nicholson had left the company.
Ora Banda last week said it was undertaking a strategic review at Davyhurst.
“Stage one of the review has now been completed with the delivery of an initial 24-month plan to improve productivity, lower costs and build cash to invest back into exploration and next mine resource development,” Ora Banda said.
“The rollout of this plan will commence immediately.
“Stage two of the review focuses on resource development and sustainable mine production beyond 24 months.” Ora Banda said mining of the Riverina stage one open pit would cease in the fourth quarter of this year, while the smaller Sand King stage one pre-strip had been deferred until November to allow a single mine operational focus on the Missouri open pit for the next six months.
The company said an allowance had been made for exploration and resource development drilling activities. Ora Banda had reported an upbeat performance during the December quarter, saying gold production of 17,192oz was the best since the restart of the Davyhurst operation, where first gold had been poured in February last year.