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ORABANDA MINING ASX Announcement ( ASX : OBM ) JUNE 2021 - QUARTERLY ACTIVITIES REPORT 28 July 2021 Commissioning Continues and Promising Exploration Results Highlights for three months to 30 June 2021 include : • Mining commenced at the Missouri open pit . A successful placement and SPP completed to raise $ 21.7M . Materially improved performance from Golden Eagle Underground mine . Capital Works Program Construction of new tailings storage facility cell commenced . Exploration & Resource Definition • $ 3.3 million investment in exploration during the quarter . • • Highly promising drill results received for the Iguana deposit . Significant number of assay results remain outstanding . Corporate & Finance • Gold sales of 10,665 oz for the Quarter at an average price of A $ 2,352 per oz . • FY21 full year production of 14,726 oz gold • Outlook Cash of $ 24.22 million , unsold bullion of 857 oz Au with no debt at 30 June 2021 . • The company is forecasting continued ramp - up in July , achieving DFS levels of production from August onwards for budgeted FY22 gold production of 80,866 oz . Events Post 30 June 2021 : • Structural mapping of the Golden Eagle underground mine has resulted in a new interpretation for the mineralisation in the central zone . Drilling to test this theory commenced in late July . Ora Banda Mining Limited ( ASX : OBM ) ( " Ora Banda " , " Company " ) is pleased to report on its activities for the June quarter , a quarter in which the Company continued its open pit and underground mining operations at Riverina and Golden Eagle respectively , commenced operations at the Missouri open pit and continued commissioning the Davyhurst processing plant . Gold production for the Quarter was impacted by plant stability issues and lower than forecast grade into the plant ; improvement initiatives are underway in both these areas . Recruitment and training remained a high priority during the quarter . The labour market for skilled open pit mine workers in Western Australia remains extremely tight and highly competitive and this has in turn led to abnormally high workforce turnover levels . The inability to recruit suitable personnel from outside Western Australia due to travel restrictions and quarantine requirements associated with COVID - 19 continues to negatively impact productivity in a very tight labour market . Ora Banda staffing levels were however improved quarter on quarter . 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 1/28