PROJECT FINANCE

Ora Banda rises on funding deal

GOLD producer Ora Banda Mining has secured A$12.74 million in non-dilutive debt and royalty funding from its major shareholder, Hawke’s Point Holdings.

Ora Banda's Davyhurst operation

Ora Banda's Davyhurst operation

The funding comprises an unconditional and unsecured $11 million loan and a capped net smelter return royalty. The loan will be used to fund resource development and exploration at Riverina, part of...

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