Ora Banda Mining Completes $26 Million Sale of Davyhurst Project Mineral Rights

Ora Banda Mining (ASX:OBM) has received the second payment of $11.71 million in its $26 million sale of non-gold mineral rights at the Davyhurst Project in Western Australia. The sale is part of a farm-in agreement with Davyston Exploration Pty Ltd (DEPL), a subsidiary of Wesfarmers (ASX: WES). Ora Banda will also receive a 2% royalty on all other minerals from DEPL and an additional $4 million from Hawkes Point for effectively on-selling 1.5% of that royalty.

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