trending Market Intelligence /marketintelligence/en/news-insights/trending/9zCqsc4ucaFMSdfegMxa0w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Ora Banda raising A$18.5M to advance Western Australian gold programs

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Ora Banda raising A$18.5M to advance Western Australian gold programs

Ora Banda Mining Ltd. received firm commitments for an A$18.5 million placement to accelerate a gold resource and reserve definition program as well as a regional exploration program in Western Australia and to fund early-stage processing plant works.

The company will issue 100 million shares under the placement at an issue price of 18.5 Australian cents apiece, according to an Aug. 16 news release, with closing scheduled for Aug. 23.

Managing Director David Quinlivan said the funding will enable the early completion of a definitive feasibility study for its Davyhurst gold project in Western Australia, as well as ensure the project quickly moves to production.

Major shareholder Hawke's Point Holdings I Ltd. conditionally agreed to maintain its stake in the company by subscribing for about 42.4 million shares.

Ora Banda recently slashed the capital cost estimate for remedial work at the Davyhurst processing plant by 43% to A$8.5 million.