Ora Banda Mining Ltd. · ASX:OBM
Ora Banda Mining — Investor Presentation (May 2025)
29 slides from Ora Banda Mining's investor presentation, May 12, 2025
Slide 1: Investor Presentation
For personal use only Investor Presentation Luke Creagh Managing Director May 2025 ASX: OBM ORABANDAMINING.COM.AU
Slide 2: Forward looking statements
Forward looking statements IMPORTANT NOTICE AND DISCLAIMER This Presentation dated 12 May 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. The
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 130km of hig
Slide 4: Corporate overview
Corporate overview ASX: OBM CAPITAL STRUCTURE BOARD OF DIRECTORS Share Price* A$/share 1.105 Peter Mansell Non-executive Chairman (Corporate Lawyer) For personal use only Shares on issue* Million 1,883.4 Luke Creagh Managing Director (Mining Engineer) Performance rights on issue* million 152.1 Alan
Slide 5: Strengthening Balance Sheet
Strengthening Balance Sheet Execution of $50M Syndicated Facility Agreement provides over $100M in liquidity2 100Koz of Put options for FY26 at A$4,400/oz provides insurance - retain full exposure to gold price upside2 SYNDICATED FACILITY AGREEMENT (SFA) For personal use only 1 140 IMPROVED LIQUIDIT
Slide 6: Delivering on our strategy
Delivering on our strategy DRIVE to 150 underpins growth target of 150 koz in FY26 and beyond WE FOCUS ON LEVERAGE OPTIMISE PERFORMANCE For personal use only THE FUNDAMENTALS ORGANIC OPPORTUNITIES AND GROW THE BUSINESS 1 2 3 • Performance executed in line with plan • Increase exploration spend,
Slide 7: Delivering on our strategy
Delivering on our strategy Sustainably growing gold production to unlock long-term value for all stakeholders 180 000 450 0 FOCUS ON THE 1 FUNDAMENTALS FY25 COST AND PRODUCTION GUIDANCE3,4,5* For personal use only 160 000 Open pit + stockpiles (oz Au) 150 koz 400 0 ► Production up Sand King Undergro
Slide 8: 1. We focus on the fundamentals
1. We focus on the fundamentals Delivering a transformational twelve months with Riverina Underground production now fully ramped up For personal use only ORABANDAMINING.COM.AU 8
Slide 9: H1 FY25 – Delivering on underground strategy
1. H1 FY25 – Delivering on underground strategy Strategy change to focus to underground delivered record revenues and operating cash flows HIGHLIGHTS FROM H1 FY256 SIX MONTHLY SOLD OUNCES AND AISC 3,500.0 For personal use only 3,183 RECORD OPERATING CLOSING 50.0 REVENUE CASH FLOWS CASH 3,000.0 47.8
Slide 10: Sustainability at Ora Banda
Sustainability at Ora Banda Sets the foundation on which our future production growth will be built ► 12-month TRIFR: 11.8 For personal use only ► 12-month LTIFR: 0.0 IDENTIFY ► Dedicated Sustainability Committee ► Business decision-making guided by our core values ► Environmental management system
Slide 11: 2. Leveraging our organic opportunities
2. 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 11
Slide 12: Riverina Underground mine
2. Riverina Underground mine Capital payback achieved only 18 months after commencement6 180 ,000 40,000.0 179 ,000 178 ,000 177 ,000 176 ,000 175 ,000 STEADY STATE MINING WITH CONTINUOUS HIGH-GRADE MINERALISATION QUARTERLY ORE MINED AND OUNCE PRODUCTION 174 ,000 173 ,000 172 ,000 171 ,000 170 ,000
Slide 13: Multiple lodes per level deliver low capital intensity
2. Riverina Underground mine Multiple lodes per level deliver low capital intensity and optionality4 For personal use only 2235 Level Multiple ore drives result in low capital 2185 Level (lowest level development) intensity plus optionality in relation to the availability of ore development headings
Slide 14: Successful drilling paves way for multi-year mine extension
2. Riverina Underground mine Successful drilling paves way for multi-year mine extension4 ► Deeper drilling confirms continuity of high-grade gold For personal use only mineralisation over 400m below the current mine plan ► Extensional drilling in “Shark Bite” show continuity of mineralisation in un
Slide 15: Riverina Trend – Little Gem to Sunraysia
2. Riverina Trend – Little Gem to Sunraysia Outstanding exploration results at Little Gem confirm greenfields discovery RIVERINA LONG SECTION LOOKING WEST ► 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 For pe
Slide 16: Sand King Underground mine
2. Sand King Underground mine DAVYHURST 1.2 Mtpa PROCESSING PLANT Mine ramping up on schedule to steady state in June 255,7 BERWICK – MOREING TARGET SAND KING SAND KING TO ENABLE 150 KOZ PA PRODUCTION OUTLOOK For personal use only PALMERSTON – PORTAL FIRST STOPING CAMPERDOWN TARGET 1 COMMENCED 2 DEV
Slide 17: Numerous intersections outside the current mine plan
2. Sand King Underground mine Numerous intersections outside the current mine plan demonstrate potential for further growth SAND KING LONG SECTION LOOKING NORTHWEST: A LARGE MINERALISED GOLD SYSTEM For personal use only SW NE PHASE 1 45,400M UNDERGROUND DRILLING PROGRAM COMMENCED SEPTEMBER CY24 LEGE
Slide 18: First development level reconciles positively to FID assumptions
2. Sand King Underground mine First development level reconciles positively to FID assumptions in both grade and endowment7 ► First development ore processed reconciled grade was 4.3% above For personal use only expectations (mine call of 2.3g/t vs actual of 2.4g/t) ► Metallurgical recovery reconcil
Slide 19: 3. Our plan for optimising performance and growth
3. Our plan for optimising performance and growth Unlock the opportunity at Riverina and Sand King in parallel with targeting additional underground potential at other deposits For personal use only ORABANDAMINING.COM.AU 19
Slide 20: Unlocking Riverina Gold Camp
3. Unlocking Riverina Gold Camp LEGEND RIVERINA GOLD CAMP Gold Resource 730 koz at 2.5 g/t Au Prospect Drill intersection PLAN VIEW Mafic Systematic exploration focus to uncover the full extent of the system5,10,11 Ultramafic Dolerite GREATER PACIFIC Diorite Intrusion Shear zone FY25 EXPLORATION PRO
Slide 21: Underground potential at the Mulline deposit
3. 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 iden
Slide 22: Central Davyhurst UG potential at Waihi Trend
3. 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 WAIHI LONG SECTION LOOKING WEST: HIGH GRADE SHOOTS DEMAND FOLLOW UP DRILLING For personal use only ► Drilling has commenced on the Waihi & Homewa
Slide 23: Executing our strategy to deliver value
Executing our strategy to deliver value Unparalleled growth, delivered sustainably For personal use only OPERATING WITH A DYNAMIC AND BUILDING A INTEGRITY AND CATALYST-RICH PREMIER MID-TIER DELIVERING OUR YEAR AHEAD GOLD MINING COMMITMENTS BUSINESS CONTINUING TO DELIVER RIVERINA DRILLING EXECUTING O
Slide 24: Appendix
Appendix For personal use only ORABANDAMINING.COM.AU 24
Slide 25: Mineral Resource Estimate Statement
Mineral Resource Estimate Statement1 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 Pit -
Slide 26: Ore Reserve Statement
Ore Reserve Statement1 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 envelopes an
Slide 27: ASX Listing Rule 5.23 Statements
ASX Listing Rule 5.23 Statements Mineral Resources and Reserves For personal use only The information in this Presentation that relates to Mineral Resources and Ore Reserves Exploration Results (Continued) has been extracted from the Company’s ASX release, ‘Annual Mineral Resource and Ore Reserve St
Slide 28: Endnotes
Endnotes For personal use only 1. Refer to ASX announcement, ‘Annual Mineral Resource and Ore Reserve Statement’ dated 2 July 2024 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 29: Contact details
Contact details LUKE CREAGH For personal use only Managing Director +61 8 6365 4548 admin@obmltd.com.au ORABANDAMINING.COM.AU