Brief: Ora Banda Mining Signs A$26 Mln Lithium Focused JV With Wesfarmers Chemicals

Ora Banda Mining

30/10/2023 01:05

Oct 30 (Reuters) - Ora Banda Mining Ltd  OBM.AX :
    * SIGNS A$26 MILLION  LITHIUM FOCUSED JV WITH WESFARMERS
CHEMICALS
    * BEPL AND ORA BANDA TO FORM A 65% / 35% JOINT VENTURE TO
ADVANCE
EXPLORATION OF A LARGE UNDER-EXPLORED TENEMENT PACKAGE
    * DEAL TO SELL 65% MINERAL RIGHTS (EXCLUDING GOLD AND
BY-PRODUCTS)
THAT ARE  NON-CORE TO CO ON DAVYHURST TENEMENT PACKAGE
    * TO INCREASE TOTAL CONSIDERATION TO A$30 MILLION, CO TO
EFFECTIVELY ON-SELL 1.5% OF 2% ROYALTY TO BE RECEIVED FROM BEPL

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