Ora Banda Mining Ltd. · ASX:OBM
Ora Banda Mining — Diggers and Dealers 2025
27 slides from Ora Banda Mining's conference presentation, Aug 5, 2025
Slide 1: Investor Presentation – Diggers and Dealers, Kalgoorlie
For personal use only Investor Presentation Diggers and Dealers, Kalgoorlie Luke Creagh Managing Director 5 August 2025 ASX: OBM ORABANDAMINING.COM.AU
Slide 2: Forward looking statements
Forward looking statements IMPORTANT NOTICE AND DISCLAIMER This Presentation dated 5 August 2025 contains summary information about Ora Banda Mining Ltd ABN 69 100 038 266 (Ora Banda Mining or the Company) and its activities based on information available at the time of preparing the Presentation. T
Slide 3: We are Ora Banda Mining
We are Ora Banda Mining Sustainably growing gold production to unlock long- term value for all stakeholders DAVYHURST GOLD PROJECT (100% ORA BANDA MINING) For personal use only ► Large land holding with 67 granted tenements over 1,135km2 ► Belt-scale exploration potential with more than 140km of hig
Slide 4: Corporate overview
Corporate overview ASX: OBM CAPITAL STRUCTURE BOARD OF DIRECTORS Share Price* A$/share 0.735 Peter Mansell Non-executive Chairman (Corporate Lawyer) For personal use only Shares on issue* million 1,883.8 Luke Creagh Managing Director (Mining Engineer) Performance rights on issue* million 151.3 Alan
Slide 5: Strengthening Balance Sheet underpins Growth
Strengthening Balance Sheet underpins Growth Closing FY25 cash of $84.2 million, representing $57.4 million increase during the year Execution of $50 million Syndicated Facility Agreement provides over $130 million in liquidity2 For personal use only 1 BALANCE SHEET 140 IMPROVED LIQUIDITY POSITION ►
Slide 6: FY26 Guidance
FY26 Guidance12 FY26 guidance to deliver record production, cashflow and investment PRODUCTION PRODUCTION AND COST GUIDANCE12 180 Production up ~60% on FY25 targeting 140 -155koz* For personal use only ► 3rd Party Milling ► Includes ~21koz attributable equivalent production from proposed 160 Davyhur
Slide 7: Sustainability at Ora Banda
Sustainability at Ora Banda Sets the foundation on which our future production growth will be built ► 12-month TRIFR: 10.9 and 12-month LTIFR: 0.7 ► Dedicated Sustainability Committee For personal use only ► Preparing for Sustainability Reporting IDENTIFY ► Climate Readiness Assessment and Climate C
Slide 8: Leveraging our organic opportunities
Leveraging our organic opportunities Riverina and Sand King Underground mines set to fill the Davyhurst mill with high-grade ore For personal use only ORABANDAMINING.COM.AU 8
Slide 9: FY25 – Delivering on underground strategy
FY25 – Delivering on underground strategy Strategy change to focus to underground delivered record revenues and strong cash flows FY25 KEY ACHIEVEMENTS 165-170 koz ANNUAL MINED OUNCES & GRADE For personal use only CLOSING REVENUES Sand King UG Riverina UG CASH 160 Open Pits Low Grade UG A$84.2 milli
Slide 10: Riverina Underground mine
Riverina Underground mine Capital payback achieved only 18 months after commencement7 180 ,000 60, 000.0 179 ,000 178 ,000 177 ,000 176 ,000 175 ,000 174 ,000 173 ,000 STEADY STATE MINING WITH CONTINUOUS HIGH-GRADE MINERALISATION 172 ,000 171 ,000 170 ,000 169 ,000 168 ,000 QTLY ORE MINED AND OUNCES
Slide 11: Riverina Underground mine
Riverina Underground mine Successful drilling paves way for multi-year mine extension4 ► Deeper drilling confirms continuity of high-grade For personal use only gold mineralisation over 1,000m below surface and over 700m below current decline face ► 3 x underground diamond drill rigs are now operati
Slide 12: Sand King Underground mine
Sand King Underground mine Mine ramped up as second ore source SAND KING TO ENABLE 150 KOZ PA PRODUCTION OUTLOOK For personal use only PORTAL FIRST STOPING 1 COMMENCED 2 DEVELOPMENT 3 COMMENCED Q1 FY25 ORE Q2 FY25 Q3 FY25 ► Modest capital investment of A$39 million, funded by operating cashflows5 ►
Slide 13: Sand King Underground Mine ramped up
Sand King Underground Mine ramped up Deeper drilling planned in FY26 targeting depth extensions of mineralised system SAND KING LONG SECTION LOOKING NORTHWEST (TOP SECTION OF FID CASE; LOWER SECTION OF UPDATED FY26 MINE PLAN) SW For personal use only ► Mineralisation consists of multiple lodes per l
Slide 14: Sand King – Large scale and multi-lode system
Sand King – Large scale and multi-lode system Mineralised system remains open to the North and South as well as at depth SAND KING PLAN VIEW OF 4270-4291 LEVEL ► Drilling at Little Gem intersected two wide, high-grade lodes 400 metres below surface (mbs) including 22.7m @ 5.0g/t and 10.9m @ 6.4g/t F
Slide 15: $73 million Exploration spend to drive growth
$73 million Exploration spend to drive growth12 FY26 drilling program is the biggest in the 130-year history of the Davyhurst goldfield ► $73 million budget for drilling expected to deliver For personal use only ~329km of drilling (this is almost double the last 3 years combined which resulted in th
Slide 16: Riverina to Sunraysia Trend
Riverina to Sunraysia Trend High grade, multi-lode gold system expanded to over 1km strike at Little Gem14 ► Drilling at Little Gem intersected two wide, high-grade lodes (Diamond and Ruby Lodes) 400 metres below surface (mbs) including 22.7m @ 5.0g/t and 10.9m @ 6.4g/t ► Follow up drilling 400m to
Slide 17: Little Gem – Unlocking a potentially large system
Little Gem – Unlocking a potentially large system Phase 3 follow up drilling program of 38 holes has commenced14 ► Drilling has confirmed a multi- For personal use only lode gold mineralised system at Little Gem, with high gold grades and large lode widths ► Currently four lodes have been modelled,
Slide 18: Central Davyhurst UG potential at Waihi Trend
Central Davyhurst UG potential at Waihi Trend Historical underground mined at 29.7g/t head grade with limited down dip exploration of high-grade shoots ► Historical Golden Pole Mine (200m West of Waihi) produced 81kt for 77koz (29.7g/t head grade)9, in the circa early 1900s ► “Boots-on-ground” geolo
Slide 19: Round Dam Trend
Round Dam Trend New geological model potentially opens large-scale belt ► Due to historical processing and capital constraints, this potentially large scale, bulk system was drilled for discrete, high-grade open pit opportunity For personal use only ► Step out drilling has commenced targeting all lo
Slide 20: Underground potential at the Mulline deposit
Underground potential at the Mulline deposit Underexplored trend over 10 km strike located ~8km west of the Riverina Trend MULLINE LONG SECTION LOOKING WEST: HISTORIC SHALLOW GOLD MINING For personal use only ► Over 10km trend with old open pit mines, numerous surface anomalies & high grades identif
Slide 21: FY26 – A catalyst-rich year ahead
FY26 – A catalyst-rich year ahead ➢ FY26 forecast to increase production by 60% to deliver ~150koz ➢ Production from Riverina and Sand King underground mines removes single asset mining risk → total For personal use only mined tonnes exceeds current mill capacity ➢ Feasibility study commenced to inc
Slide 22: Appendix
Appendix For personal use only ORABANDAMINING.COM.AU 22
Slide 23: Mineral Resource Estimate Statement (2024)
Mineral Resource Estimate Statement (2024)1 MEASURED INDICATED INFERRED TOTAL MATERIAL PROJECT ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.) LIGHTS OF ISRAEL - - 74 4.3 180 4.2 254 4.2 34 MAKAI SHOOT - - 1,985 2.0 153 1.7 2,138 2.0 136 For personal use only WAIHI Open
Slide 24: Ore Reserve Statement (2024)
Ore Reserve Statement (2024)1 For personal use only DAVYHURST GOLD PROJECT ORE RESERVE BY DEPOSIT Notes: 1. The table contains rounding adjustments to reflect accuracy and may not total exactly. PROJECT AREA PROVED PROBABLE TOTAL MATERIAL 2. This Ore Reserve was estimated from practical mining envel
Slide 25: ASX Listing Rule 5.23 Statements
ASX Listing Rule 5.23 Statements Mineral Resources and Reserves The information in this Presentation that relates to Mineral Resources and Ore Reserves has been extracted from the Company’s ASX release, ‘Annual Mineral Resource and Ore For personal use only Reserve Statement’ dated 2 July 2024; and
Slide 26: Endnotes
Endnotes 1. Refer to ASX announcement, ‘Annual Mineral Resource and Ore Reserve Statement’ dated 2 July 2024 For personal use only 2. Refer to ASX announcement, “Balance sheet strengthens with $50m Revolving Credit Facility & Purchase of Put Options at $4,400/oz” dated 7 March 2025 3. Refer to ASX a
Slide 27: Contact details
Contact details LUKE CREAGH For personal use only Managing Director +61 8 6365 4548 admin@obmltd.com.au ORABANDAMINING.COM.AU