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ORABANDA MINING ASX Announcement ( ASX : OBM ) 29 October 2021 SEPTEMBER 2021 - QUARTERLY ACTIVITIES REPORT Production Step Change Highlights for three months to 30 September 2021 include : Independent engineering review completed for Davyhurst plant Processing plant performance significantly improved Production for quarter of 14,279 oz gold Sale of Mt Ida completed for $ 11 million Capital Works Programme • Sample preparation laboratory complete Exploration A total of 6,867 metres of exploration drilling completed Significant intercepts returned from drilling in previous quarter include : ○ 10.0m @ 2.22 g / t from 52.0m to EOH ( Sunraysia North ) O 16.0m @ 1.20 g / t from 12.0m ( Santalum ) о 5.0m @ 30.69 g / t Au from 127.0m ( Victoria Workings ) ○ 19.0m @ 1.53 g / t from 12.0m to EOH ( Sky ) Corporate & Finance • Gold sales of 13,522 oz for the quarter at an average price of A $ 2,443 per oz • Cash of $ 24.53 million , unsold bullion of 1,614 oz Au with no debt at 30 September 2021 Outlook The Company is forecasting further improvement in the December quarter with FY22 gold production forecast in the range of 70,000 to 75,000 oz Ora Banda Mining Limited ( ASX : OBM ) ( “ Ora Banda ” , “ Company ” ) is pleased to report on its activities for the September quarter , a quarter in which the Company made important strides forward with its performance . During the period the Company ran open pit and underground mining operations at Riverina , Missouri and Golden Eagle and has been continuing to improve the collective feed blend properties of the Davhurst plant . Gold production for the first month of the quarter was lower than forecast due to plant stability issues and lower than expected input grades however , consistently since then and to date , the better feed blend and ongoing rectification maintenance resulted in higher production rates and gold poured . The Company continued to make recruitment and training 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 . That said , Ora Banda staffing levels again improved quarter - on - quarter . The Company remains optimistic that its staffing position will further improve when COVID - 19 related border controls to Western Australia are relaxed . The Company continues to support industry dialogue with the State Government to address this issue as a vital priority . 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 1/20