Ora Banda Mining Ltd. · ASX:OBM
Ora Banda Mining — Investor Presentation (September 2026)
34 slides from Ora Banda Mining's investor presentation, Sep 22, 2026
Slide 1: DRIVE to 300
rsonal use only DRIVE to 300 Organically building Australia’s next 300 koz gold producer Luke Creagh | Managing Director | Sept 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 Davyhurst Gold Project (100% Ora Banda Mining) MENZIES rsonal use only MULLINE TREND LITTLE GEM TREND Rapidly growing gold producer: FY27 production guidance of 125-140 koz, growing to 300 koz pa by FY29
Slide 4: Corporate overview
Corporate overview ASX: OBM Capital structure Board of Directors rsonal use only Share Price* A$/share 1.53 Shares on issue* million 1,936 Peter Luke Creagh John Richards Mansell Managing Director Non-executive Performance rights on issue* million 103 Non-executive (Mining Engineer) Director Chairma
Slide 5: Outstanding FY26 sets strong foundation
Outstanding FY26 sets strong foundation Delivered exceptional financial, operational and exploration success rsonal use only +75%1 +159%1 YTD RESOURCE GROWTH YTD RESERVE GROWTH Inc. Maiden Mineral Released maiden Ore Resource for Round Dam Reserve for Waihi UG, Round Dam OP ~A$468 million2 141 koz2
Slide 6: Ora Banda's DRIVE to 300
Ora Banda’s DRIVE to 3001 Underpinned by key growth projects New 3.0 Mtpa Mill 2 rsonal use only Construction of the new mill with 3.0 Mtpa nameplate capacity underway; • Located next to the existing Davyhurst mill • Commissioning expected March quarter 2028 Expanded operations: Waihi UG, Round Dam
Slide 7: DRIVE to 300 – Development underway
DRIVE to 3001 – Development underway Internally funded organic growth pathway; capital to support scale, margin growth FY27 Guidance 125 – 140 koz Au @ AISC A$3,400/oz - A$3,600/oz 2 Capital outlook 2 - Updated FY27 Capital Guidance rsonal use only 350 FY27 total capital guidance: A$425 million 300
Slide 8: A$468 million in liquidity, funded for growth
A$4681 million in liquidity, funded for growth Growth to be funded through combination of existing and future cash flows, upsized corporate revolver Balance sheet; right -sized for growth Substantial liquidity position (A$M) rsonal use only 500 A$267.7 million in cash2 ~A$183.5 million in cash added
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 rsonal use only ~A$180 million1 capital allocated over three years to set Davyhurst up for sustained, long term production a
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 rsonal use only 400 102% Growth in Mineral Resources since FY23 to 3.69 Moz1 ~A$75 M A$75 M 189k metres drilled, delivered 2
Slide 11: Second Mill for Davyhurst
rsonal use only Second Mill for Davyhurst Construction underway for the 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 New mill located next to existing infrastructure rsonal use only Projected ~250% increase in nameplate capacity by FY29 (at 100% nameplate capaci
Slide 13: Sand King and Riverina
rsonal use only First flight - new Riverina airstrip. Substantially reducing commute time Sand King and Riverina Dependable production, outstanding opportunities for extension
Slide 14: Sand King
Sand King Consistent production, heightened opportunity for growth Key baseload contributor to DRIVE to 300 rsonal use only Underground performing well, targeting consistent annual production of ~100koz Potential for high-grade shoots as well as bulk tonnage opportunities Northern corridor the next
Slide 15: Riverina
Riverina Resource extension and infill drilling continues to define a simple, robust and continuous system1 Riverina down -dip extensions confirmed beyond 1000m below surface rsonal use only Surface and underground resource definition and extension drilling continues – with over 25km completed in FY
Slide 16: Waihi Underground
rsonal use only Waihi Underground Development underway of Ora Banda’s third underground mine in three years
Slide 17: Waihi UG – Another Ora Banda success story
Waihi UG – Another Ora Banda success story Targeting access into high grade “Golden Pole” during FY27 Waihi UG development underway 1 Waihi UG – First portal firing rsonal use only Fast tracked development into Golden Pole delivers important high- grade ore during the mill constrained FY27/FY28 peri
Slide 18: Waihi UG – Untested opportunity
Waihi UG – Untested opportunity Drilling set to continue through FY27, targeting Golden Pole / Midnight / Waihi line of lodes Waihi Underground –Golden Pole/Midnight 1 rsonal use only 1 Refer ASX Ann. “Waihi Underground Commenced‘’ dated 10 Sept 2026 18
Slide 19: 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 lodes, excellent strike continuity rsonal use only PFS highlights a robust open pit operation, initially centered around Walhalla, Federal Flag, Federal Flag
Slide 20: 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 rsonal use only 20
Slide 21: Round Dam Trend
Round Dam Trend1 Just the beginning for development of the Round Dam Trend Limited drilling below 100 metres, extensive geological potential rsonal use only N S 7 KM Walhalla North Walhalla Mt Banjo Macedon Salmon Gums Federal Flag North Federal Flag 400mRl 400mRl RDRC25069 300mRl RDRC25064 11m@3.2g
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 rsonal use only Operating plan de-risked through mixture of baseline feed (i.e. Open pits, Sand King) and
Slide 23: Leveraging our organic growth opportunities
rsonal use only Leveraging our organic growth opportunities Targeting exponential geological growth
Slide 24: Little Gem – Unlocking a large system
Little Gem – Unlocking a large system Outstanding drill results continue to expand Little Gem mineralisation1 Multi -lode system continues to grow at scale rsonal use only Recent drilling has expanded Little Gem’s mineralised envelope to more than 2.6 kilometres of strike and 750 metres vertically b
Slide 25: Little Gem: Multi-lode system delivering scale
Little Gem: Multi-lode system delivering scale Outstanding drill results continue to expand Little Gem mineralisation1 Multi - lode system emerging Little Gem indicative cross section rsonal use only Geological interpretation of the Little Gem Prospect continues to evolve and expand with additional
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! rsonal use only Highly prospective corridor, with near term focus on “Little Gem” Potential scale of the project yet to be fully understood +360 drill holes completed acros
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 rsonal use only Prior exploration work based on limited air core, reverse circulation and diamond drilling1 Less than 5% of drill hole
Slide 28: Sustainability at Ora Banda
Sustainability at Ora Banda Sets the foundation on which our future production growth will be built rsonal use only 12-MONTH TRIFR ENVIRONMENTAL 7.651 MANAGEMENT SYSTEM 12-MONTH LTIFR Including progressive 0.52 rehabilitation, embedded into operations HIGHLY MOTIVATED AND ENGAGED EMPLOYEES3 • 19.7%
Slide 29: On the road – DRIVE to 300
On the road – DRIVE to 300 Key near-term catalysts of Ora Banda’s 3-year plan to double production, reduce costs Ora Banda 3 -year aspirational outlook rsonal use only FY27 FY28 FY29 1H FY27 2H FY27 1H FY28 2H FY28 1H FY29 2H FY29 Existing Davyhurst 1.2 Mtpa Mill Commissioning March Qtr 2028, namepl
Slide 30: Appendix
rsonal use only Appendix
Slide 31: Mineral Resource Statement
Mineral Resource Statement rsonal use only 31
Slide 32: Ore Reserve Statement
Ore Reserve Statement rsonal use only 32
Slide 33: ASX Listing Rule 5.23 Statements
ASX Listing Rule 5.23 Statements Ore Reserves Riverina, ’Outstanding Drill Results at Little Gem and Riverina’ dated 23 October 2025, ‘Strong New Drill Results at Riverina, Waihi & Little Gem’ dated 10 June 2025, ‘Exploration Results at Little Gem’ dated 19 March 2025, ‘Outstanding The information i
Slide 34: Contact Us
rsonal 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
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