Australia's Ora Banda Mining rises after identifying 5 new drill targets at WA project

Ora Banda Mining

24/05/2022 05:02

** Shares of Ora Banda Mining  OBM.AX  rise as much as 2.9%
to A$0.036, hitting their highest since May 11
    ** Gold miner says it has identified five new drill targets
after completing mapping and rock chip samples at its Callion
project in Western Australia  urn:newsml:reuters.com:*:nASX3HcHSv
    ** Says co is working to delineate the geological and
structural settings of these gold occurrences to plan a drill
programme
    ** OBM says it intends to test the targets in early FY23,
once a reverse circulation drill rig arrives on site
    ** Stock down 42.2% YTD, as of last close 

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))