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ORABANDA MINING ASX Announcement ( ASX : OBM ) 18 January 2021 DECEMBER 2020 - QUARTERLY ACTIVITIES REPORT Recommencement of Production on Schedule & on Budget Highlights for three months to 31 December 2020 include : • Work programs to recommence gold production from Davyhurst continued during the Quarter • Process Plant dry commissioning commenced on schedule in December Key restart workstream activity undertaken during the Quarter include : Process Plant ○ remedial work program near complete with all long lead items delivered and installed restart consumables and critical spare parts procured and delivered to site ○ dry commissioning commenced in December and was ongoing at quarter end Open Pit Mining - Riverina ○ initial 26,937m grade control drilling program completed and assay results received ○ detailed grade control model developed ( positive reconciliation to reserve model ) mining commenced 31 October with progressive ramp up 00 operations predominantly " free dig " with first blast on 15 December 2020 a total of 418,166 bcm mined from the Stage 1 Open Pit during the quarter о ore stocks building ahead of January 2021 process plant restart ( 93kt @ 1.33 g / t ) Underground Mining - Golden Eagle ○ surface infrastructure installed and underground mining fleet mobilised to site access to underground mine via Golden Eagle open pit re - established mine dewatering complete to 335 m RL level with services re - established decline and lateral development progressively rehabilitated following dewatering Infrastructure & Services ○ LNG power station installed and pre commissioning complete ○ process and potable water bore fields expanded and recommissioning commenced Davyhurst village upgrade completed and Riverina village construction well advanced upgrade of site communication facilities completed upgrade of regional roads commenced in preparation for surface road haulage • Riverina South maiden Mineral Resource declared - 650,000 tonnes @ 2.1g / t for 43,000 ounces • Riverina South Phase 3 resource definition drilling commenced - 1,572m ( 28 holes ) completed Implementation of COVID - 19 procedures and protocols continuing with no confirmed cases • Strong cash balance of $ 32.6M with no debt at 31 December 2020 . Events Post 31 December 2020 : • road haulage of ore to the Davyhurst process plant commenced on 2 January 2021 • Process Plant wet commissioning commenced on schedule in mid - January regional exploration drilling has recommenced Ora Banda Mining Limited ( ASX : OBM ) ( " Ora Banda " , " Company " ) is pleased to report on its activities for the December quarter , a quarter in which the Company progressed a range of workstreams that will see a return to production in the first quarter of CY 2021 as scheduled and continued with its structured regional exploration program . ADDRESS Level 1 , 2 Kings Park Rd , West Perth WA 6005 POST PO Box 464 , West Perth WA 6872 ABN 69 100 038 266 PHONE +61 8 6365 4548 PHONE ( TOLL FREE ) 1300 035 592 WEBSITE www.orabandamining.com.au ENQUIRIES admin@orabandamining.com.au 1/24