Ora Banda Mining Limited is trading 16% up at $1.28 after awarding a A$233 million EPC contract to GR Engineering Services for its Davyhurst Gold Project.
- The contract involves the construction of a new 3.0Mtpa processing plant in Western Australia, representing a significant capacity upgrade for the company.
- Investors have reacted positively to the sizeable capex commitment, resulting in strong single-day gains and elevated trading activity compared to recent sessions.