Ora Banda Mining (ASX: $OBM) update on Riverina Underground & Sand King projects

Ora Banda Mining Limited (ASX: $OBM) provided an update on the progress of the Riverina Underground Mine and Sand King Development Project. The company reported significant advancements in the development of the Riverina Underground Mine, including a substantial increase in development metres and the commencement of stoping. Additionally, the Sand King Development Drilling Program has shown continued success, with the potential for a second underground mine growing.

Executive commentary on Riverina Underground & Sand King projects

Ora Banda Mining Limited's Managing Director, Luke Creagh, expressed satisfaction with the progress of the Riverina Underground mine, highlighting the commencement of stoping and the impressive grades from infill drilling and face sampling. He also emphasized the company's focus on advancing the mining study for the Sand King project to determine its potential as the second underground gold mine for the Davyhurst Project.

Summary of Ora Banda Mining's announcement

Ora Banda Mining (ASX: $OBM) provided an update on the Riverina Underground Mine and Sand King Development Project, showcasing significant progress in both projects. The Riverina Underground mine is advancing strongly, with stoping commencing in March and a notable increase in development metres. The company aims to achieve commercial production in the June quarter. The Sand King Development Drilling Program has yielded promising results, leading to the expansion of the Phase 2 program and the potential for a second underground gold mine. Ora Banda Mining remains focused on maximizing the potential of both projects and targeting production of more than 100,000 ounces in FY25.