Ora Banda Mining shares jump on Davyhurst construction contract
Make us a preferred source
Make us a preferred source on Google
The news: Shares in Ora Banda Mining rallied in afternoon trade. It was the top performing stock on the ASX 200 after the gold explorer announced its Davyhurst Mill Expansion Project is underway.
Shares rallied 16.5% to $1.28 at 1:40pm AEST.
The context: Ora Banda has signed a $233 million contract with GR Engineering for the construction of a 3 million tonnes per annum processing plant as part of its Davyhurt Expansion Project in Western Australia.
The miner confirmed that construction is scheduled to commence in the first quarter of FY27 as the company focus shifts to project delivery.
The source: ASX
