Ora Banda Mining Ltd. · ASX:OBM
Ora Banda Mining — Investor Presentation (May 2026)
34 slides from Ora Banda Mining's investor presentation, May 18, 2026
Slide 1: DRIVE to 300
For personal use only DRIVE to 300 Organically building Australia’s next 300 koz gold producer Luke Creagh | Managing Director | May 2026 ASX: OBM
Slide 2: Forward Looking Statements
Forward Looking Statements IMPORTANT NOTICE AND DISCLAIMER This Presentation 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 information cont
Slide 3: We are Ora Banda Mining
We are Ora Banda Mining Sustainably growing gold production, long-term value generation RIVERINA MENZIES Davyhurst Gold Project (100% Ora Banda Mining) For personal use only MULLINE TREND LITTLE GEM TREND Large land holding with 68 granted tenements over 1,138km² Belt-scale exploration potential wit
Slide 4: Corporate overview
Corporate overview ASX: OBM Capital structure Board of Directors For personal use only Share Price* A$/share 1.40 Shares on issue* million 1,927 Peter Luke Creagh John Richards Mansell Managing Director Non-executive Performance rights on issue* million 113 Non-executive (Mining Engineer) Director C
Slide 5: Outstanding FY26 YTD sets strong foundation
Outstanding FY26 YTD sets strong foundation First three quarters have delivered exceptional financial, operational and exploration success For personal use only +69%1,2 +136%2 YTD RESOURCE GROWTH YTD RESERVE GROWTH Inc. Maiden Mineral Released maiden Ore Resource for Round Dam Reserve for Waihi UG,
Slide 6: OBM's DRIVE to 300
OBM’s DRIVE to 300 Green-light for key Ora Banda growth projects ‘DRIVE to 300’ is an aspirational target for OBM. Statements and projections in this announcement are aspirational goals and not production targets or forecasts. The Company does not yet have reasonable grounds to believe the "DRIVE to
Slide 7: DRIVE to 300 – Aspirational growth outlook
DRIVE to 300 – Aspirational growth outlook Internally funded organic growth pathway; capital to support scale, margin growth ‘DRIVE to 300’ is an aspirational target for OBM. Statements and projections in this announcement are aspirational goals and not production targets or forecasts. The Company d
Slide 8: +A$430 million in liquidity, funded for growth
+A$430 million in liquidity, funded for growth Growth to be funded through combination of existing and future cash flows, upsized corporate revolver Balance sheet; right -sized for growth Substantial liquidity position (A$M) 3 For personal use only A$231.7 million in cash1 - A$147.5 million in cash
Slide 9: Critical enabling infrastructure upgrades
Critical enabling infrastructure upgrades Comprehensive infrastructure upgrade package to deliver sustained operations at scale Underpins scale uplift, reduced operating costs Fit for purpose infrastructure upgrades For personal use only ~A$180 million1 capital allocated over three years to set Davy
Slide 10: Resource and Reserve growth – Key value driver
Resource and Reserve growth – Key value driver Long term exploration strategy in place, targeted to deliver growth Demonstrated exploration success Step -change organic growth For personal use only 400 A$73 M A$75 M 95% Growth in Mineral Resources since FY23 to 3.57 Moz1 300 189k metres drilled, del
Slide 11: Second Mill for Davyhurst
For personal use only Second Mill for Davyhurst Approved construction of a new standalone 3.0 Mtpa capacity processing plant
Slide 12: Target 4.2 Mtpa nameplate capacity across two mills
Target 4.2 Mtpa nameplate capacity across two mills1 Combined target nameplate capacity expected to be reached by FY29 Outstanding operational flexibility Proposed plant location next to existing infrastructure For personal use only Projected ~250% increase in nameplate capacity by FY29 (at 100% nam
Slide 13: Sand King and Riverina
For personal use only Sand King and Riverina Dependable production, outstanding opportunities for extension
Slide 14: Sand King
Sand King Consistent production, opportunities for growth Ramp up continues to gain pace, commercial production declared early March Qtr 2026 For personal use only Production rates continue to ramp up, with a 25% increase in total ozs (inc. LG) in the March quarter (vs Dec Qtr 2025)1 Current product
Slide 15: Sand King – Recent drilling confirms high-grade extensions
Sand King Recent drilling confirms high-grade extensions in the Northern Corridor1 Drilling set to unlock near -mine opportunities For personal use only Successful recent drilling in the northern corridor has identified significant additional mineralisation, including 16.6m @ 8.3 g/t, 6.0m @ 16.9 g/
Slide 16: Riverina
Riverina Resource extension and infill drilling continues to define a robust and continuous system1 Riverina down -dip extensions confirmed beyond 1000m below surface For personal use only Surface and underground resource definition and extension drilling continues - over 25km YTD FY26 The mineralis
Slide 17: Waihi Underground + Round Dam Open Pit
For personal use only Waihi Underground + Round Dam Open Pit Development approved for Waihi Underground, Round Dam pending FID
Slide 18: Waihi UG – Another OBM success story
Waihi UG – Another OBM success story High-grade Golden Pole lodes set to be developed within FY27 Waihi UG development approved 1 Waihi UG – Concept mine design For personal use only Fast tracked development into Golden Pole delivers important high- grade ore during mill constrained FY27/FY28 N Deve
Slide 19: Waihi UG – Untested opportunity
Waihi UG – Untested opportunity Underground drilling set to continue through FY27 Waihi / Golden Pole underground 1 For personal use only 1 Refer ASX Ann. ‘High Grade Results at Golden Pole’ dated 15 Jan 2026 19
Slide 20: Round Dam open pit – PFS
Round Dam open pit – PFS 1 Significant baseload open pit opportunity ~15km south of Davyhurst Mill PFS delivered, FID expected 2H FY27 Stacked loads, excellent strike continuity For personal use only PFS highlights a robust open pit operation, initially centered around Walhalla, Federal Flag, Federa
Slide 21: Round Dam open pit
Round Dam open pit Outstanding scale, outstanding system Initial open pit operations focussed on the 3.5km Walhalla -Federal Flag north zone For personal use only 21
Slide 22: New mines continue to de-risk Davyhurst
New mines continue to de-risk Davyhurst1 Targeting baseload feed through a mixture of open pit, underground operations Optionality through multiple mines Indicative ore contribution – By Source For personal use only Operating plan de-risked through mixture of baseline feed (i.e. Open pits, Sand King
Slide 23: Leveraging our organic growth opportunities
For personal use only Leveraging our organic growth opportunities Targeting exponential geological growth
Slide 24: Round Dam Trend
Round Dam Trend1 Just the beginning for development of the Round Dam Trend Limited drilling below 100 metres, extensive geological potential For personal use only N S 7 KM Walhalla North Walhalla Mt Banjo Macedon Salmon Gums Federal Flag North Federal Flag 400mRl 400mRl RDRC25069 300mRl RDRC25064 11
Slide 25: Little Gem - Unlocking a large system
Little Gem - Unlocking a large system Outstanding drill results continue to expand Little Gem mineralisation1 System continues to grow at scale Indicative position of Little Gem, Sapphire Trends For personal use only Recent drilling has expanded Little Gem’s mineralised envelope to more than 1,500 m
Slide 26: Riverina to Sunraysia Trend
Riverina to Sunraysia Trend1 +7.5km of prospective strike from Riverina to Sunraysia Riverina -Gem; big system, getting bigger! For personal use only Highly prospective corridor, with near term focus on “Little Gem” Potential scale of the project yet to be fully appreciated +150 drill holes now comp
Slide 27: Mulline
Mulline Underexplored significant geological trend, ~8km west of the Riverina Trend Over 10km trend with old open pit mines, numerous surface anomalies & high grades For personal use only Prior exploration work based on limited air core, reverse circulation and diamond drilling1 Less than 5% of dril
Slide 28: Sustainability at Ora Banda
Sustainability at Ora Banda Sets the foundation on which our future production growth will be built For personal use only 12-MONTH TRIFR ENVIRONMENTAL 9.11 MANAGEMENT SYSTEM 12-MONTH LTIFR Including progressive 0.52 rehabilitation, embedded into operations HIGHLY MOTIVATED AND ENGAGED EMPLOYEES3 • 1
Slide 29: Targeted Timeline
Targeted Timeline Growth accelerated: No shortage of near-term catalysts Ora Banda 3 -year aspirational outlook For personal use only FY26 FY27 FY28 FY29 2H FY26 1H FY27 2H FY27 1H FY28 2H FY28 1H FY29 2H FY29 Existing Davyhurst 1.2 Mtpa Mill Commissioning March Qtr 2028, nameplate capacity New 3.0M
Slide 30: Appendix
For personal use only Appendix
Slide 31: Mineral Resource Statement
Mineral Resource Statement 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 Open Pit - - 224 2.3 1 1.0 225 2.3 16 Notes For p
Slide 32: Ore Reserve Statement
Ore Reserve Statement Notes For personal use only 1. The table contains rounding adjustments to reflect accuracy and may not total exactly. 2. Inclusive of Riverina and Sand King Ore Reserve Estimate and associated low grade is as at 1 July 2025 and was announced 12th Sept 2025. The competent person
Slide 33: ASX Listing Rule 5.23 Statements
ASX Listing Rule 5.23 Statements Mineral Resources and Reserves Exploration Results (Continued) The information in this Presentation that relates to Mineral Resources and Ore Reserves (other than Waihi Mulline Exploration Long: ‘Operational and Exploration Update’ dated 22 February 2022, ‘Further Ex
Slide 34: Contact Us
For personal use only Contact Us Luke Creagh Kurt Walker ASX:OBM Managing Director Investor Relations ORABANDAMINING.COM.AU admin@obmltd.com.au admin@obmltd.com.au +61 8 6365 4548 +61 8 6365 4548