Slide 1: OBM Riverina Exploration Update
For personal use only OBM Riverina Exploration Update Luke Creagh Managing Director October 2022
Slide 2: Forward Looking Statements
Forward Looking Statements For personal use only IMPORTANT NOTICE AND DISCLAIMER This Presentation contains summary information about the Company and its activities which is current as at the date of this Presentation. The information in this Presentation is of a general nature and does not purport
Slide 3: Competent Persons Statements
Competent Persons Statements For personal use only COMPETENT PERSONS STATEMENT The information in this report that relates to Exploration Results is based on information compiled under the supervision of Mr Andrew Czerw, an employee of Ora Banda Mining Limited, who is Member of the Australian Instit
Slide 4: Corporate Overview
Corporate Overview For personal use only Capital Structure Board of Directors Share Price1 A$/share 0.080 Peter Mansell Non-executive Chairman (Corporate Lawyer) Shares on issue2 M 1,374 Luke Creagh3 Managing Director (Mining Engineer) 2 Options & performance rights on issue M 54.2 Alan Rule4 Non-ex
Slide 5: Project Overview
Project Overview For personal use only OBM Davyhurst tenements are located ~100km north-west of Kalgoorlie and are centred on the following key project hubs: • Siberia & Davyhurst • Riverina & Mulline • Callion & Lady Ida In total these projects hubs include: • ~1,200 square kilometre land holding o
Slide 6: Value Creation – OBM's Three Year Strategy
Value Creation – OBM’s Three Year Strategy For personal use only Short Term Medium Term Longer Term Focus on the fundamentals Leverage organic opportunities Performance drives growth • Improve mining operating capability to deliver • Continuous improvement in operations to • Bring higher-margin mine
Slide 7: Geology First – Our New Approach
Geology First – Our New Approach For personal use only Geology First Lessons from the past • Tenement package was consolidated between 2006 to 2008; OBM considers the true value of this consolidation is yet to be realised • Since the 1980s the focus has been on open pit production, with limited focu
Slide 8: Riverina – First Exploration Priority
Riverina – First Exploration Priority For personal use only • A key pillar of OBM’s 3-Year Strategy to create value is committing to exploration drilling, targeting high-grade underground ore for the potential to increase production above 100kozpa • OBM’s boots-on-the-ground and first principles app
Slide 9: Riverina Underground – Main Lode East
Riverina Underground – Main Lode East For personal use only • Main Lodes are made up of two parallel structures (East and West) that are sub-vertical and ~10m apart; the Main Lode East is the prominent structure • Extensional drilling under the Riverina open pit has extended the Main Lode an additio
Slide 10: Riverina Underground – Murchison Lode
Riverina Underground – Murchison Lode For personal use only • Narrow vein & high-grade extension of the Murchison Lode has been identified in deeper drilling that runs parallel to the existing Main Lode • Murchison Lode is located ~80m east of Main Lode and is presenting as an attractive, high-grade
Slide 11: Riverina – Ideal geometry for low capital and selective mining
Riverina – Ideal geometry for low capital and selective mining For personal use only Benefits of central decline and parallel lodes Decline • Identifying high-grade extensions of the Murchison Lodes could Main Lodes have substantial benefit to the economics of the Riverina Underground • Single decli
Slide 12: Riverina – Exciting times ahead
Riverina – Exciting times ahead For personal use only Just starting to unlock the deposit • Whilst it is still early days, this mineralised system is considered bigger than first thought and in parts it will host very high grade gold • Continuing width and tenor of the Main Lode at depth and the dis
Slide 13: Exploration – Other high grade targets
Exploration – Other high grade targets For personal use only Callion Underground Lights of Israel (LOI) Underground • Detailed structural mapping in recent weeks has fundamentally changed our • Targeting down plunge extension to the LOI shoot geological model à “Boots-on-ground” approach paying imme
Slide 14: Infrastructure Well Established
Infrastructure Well Established For personal use only Infrastructure replacement cost of ~$180M1 1.2Mtpa Davyhurst Processing Plant • 1.2Mtpa processing plant (~$120M replacement) • 3 stage crushing circuit • Twin 1.3MW ball mills • Gravity + CIL circuit • Thickener & tailings facility • Onsite assa
Slide 15: Values – How We Operate
Values – How We Operate For personal use only New Values We target Zero Harm • Safety imbedded in all that we do • Risks assessed and actively managed • Sustainable environmental performance We are a Team with a Winning Mindset • Plan to win - targets are known and achieved • Every Person important
Slide 16: Performance Will Deliver Substantial Value
Performance Will Deliver Substantial Value For personal use only OBM’s underlying value has been overshadowed by operational underperformance; actions in place to rectify FY23 Guidance • Production of 56-61koz; improving in H2 as Missouri drops from 13:1 strip ratio to 6:1 strip ratio • AISC of $2,1
Slide 17: Thank you
For personal use only Thank you
Slide 18: Appendix – Mineral Resource and Ore Reserves Tables
Appendix 1 Mineral Resource Table Ore Reserves Table MEASURED INDICATED INFERRED TOTAL MATERIAL PROVED PROBABLE TOTAL MATERIAL PROJECT Cut Off PROJECT AREA DEPOSIT ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz.) ('000t) (g/t Au) ('000t) (g/t Au) ('000t) (g/t Au) ('000oz