Earnings release
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ASX ANNOUNCEMENT 23 October 202 6 1 A: Level 2, 1 Hood Street Subiaco, WA, 6008 T: + 61 8 6365 4548 E: admin@o bmltd .com.au ASX: OBM ABN: 69 100 038 266 ORABANDAMINING.COM.AU September 2026 – QUARTERLY ACTIVITIES REPORT Waihi Underground commenced and construction of new p rocessing plant underway with key DRIVE to 300 1 projects proceeding on schedule Highlights • 12 - month LTIFR of 0. 42 , TRIFR 5.48 , representing a 1 3 % and 28% reduction on the prior quarter (June quarter: LTIFR 0.48; TRIFR 7.65) • Gold sold of 33,939 oz 2 and 33,305 oz 2 produced, at an all - in sustaining cost per ounce sold (“AISC”) of A$4,214/oz. Unit costs were elevated due to the extended mill shutdown and weather impacts in the quarter, with FY27 guidance maintained • Closing cash of $207.0 million, with $83.3 million in operating cash flows offset by $133.7 million spent on exploration, development and growth projects • Execution of t he Company’s transformative ‘D RIVE to 300’ s trategy well underway , with key highlights including : o The start of construction of the new 3.0 Mtpa processing plant ( on schedule ) o Commencement of mining development at the high - grade Waihi Underground ( ahead of schedule ) o Advancement of multiple supporting capital projects, including the new Siberia accommodation village (completed in October), completion of the plant construction camp and ROM pad expansion o Commencement of the Palmerston decline (Sand King North) subsequent to quarter end (ahead of schedule) • Subsequent to quarter end , revolving credit facility (RCF) increased to $300 million providing total liquidity of $ 507 million 3 • Existing p ut option price protection provides coverage from Nov 20 26 through to June 20 28 with 8.3 koz per month protected at a floor price of A$6,000 /oz (total of 166.7 koz protected at A$6,000) 4 • Continued exploration success, with further strong results from Little Gem ahead of an expected ma iden Mineral Resource later in FY27 Ora Banda Mining Ltd (ASX: OBM) (“Ora Banda” or “the Company”) is pleased to report its activities for the September 2026 quarter - a period in which Ora Banda's ‘ D RIVE to 300 ’ growth initiatives accelerated rapidly, highlighted by the on time start of construction at the Company’s new 3.0 Mtpa processing facility, the commencement ( ahead of schedule ) of the high - grade Waihi Underground operation and advancement of multiple key capital projects at Davyhurst. 1 ‘ DRIVE to 300’ is a general a spirational statement and not a production target . The Company does not yet have reasonable grounds to believe this can be achieved . R efer ASX Ann. “DRIVE to 300 – Key Growth Projects Approved” dated 18 May 2026 2 Including attributable equivalent ounces from third - party processing 3 Cash at 30 September 2026 plus $300 million upsized u ndrawn R CF 4 In cludes p artial collars over Nov 2027 to June 2028 (33,128 oz of call options sold at A$8,400/oz)
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2 September Quarter performance During the September quarter gold produc tion was 33, 305 oz (including attribut abl e production of 11,609 oz) and gold sold equalled 33,939 oz . W et weather impacted ore haulage in the quarter, reducing anticipated third - party processing volumes , with t he Company continuing to process ore through third - party processing in the December quarter . D iscussion s continue on the opportunity for further third - part y processing beyond October 2026 . A t the C ompany’s existing Davyhurst processing facility, an extended mill shut down for scheduled maintenance and major gearbox changeout saw reduced milling volumes vs the prior quarter . T he Company ended the quarter with closing ROM stockpiles of 94 Kt @ 1.9 g/t for 5 .7 Koz and an additional 2.5 Koz of gold - in - circuit. Addi ti onally, low grade stockpiles of ~380 kt at 30 September 2026 are available as commissioning material for the new processing plant. A ll - in sustaining costs on gold sol d for the September q uarter were A$ 4,214 /oz, with higher unit costs predomina ntly attri buted to lower ounces produced due to wet weather impacts and milling delays , with F Y 27 guid a nce maintained . M ining at Riverina transitioned from a two - jumbo operation at the commencement of the quarter to a single jumbo operation, with the second jumbo mobilised to Waihi underground. Riverina will operate as a single jumbo operation until construction of the new processing plant is complete, at which point mining volumes may be increased as required . At Sand King, the bulk - stope was completed during the quarter , with grade (and mining volumes through additional stoping fronts) expected to increase over the subsequent quarters of FY27. ‘DRIVE to 300’ – Transformational quarter as capital projects gain pace During the September quarter, a total of A$ 81.1 million was spent on capital infrastructure, largely driven by key ‘DRIVE to 300’ projects , with highlights including: • The start of construction of the new 3.0 Mtpa processing facility ( on - schedule ) ; • Commencement of min ing at the high - grade Waihi Underground operation ( ahead of schedule ) ; • Construction advanced o n the new +150 room Siberia accommodation village (on schedule) , with construction completed in October 2026 ; • Planning underway for the e stablishment of an internal mining services division, “Ora Banda Mining Services” (“OBMS ” ) to deliver safe and efficient high - speed mining services ; and • Establishment of the Palmerston UG portal (subsequent to quarter end ), provid ing access to key underground drilling platforms targeting northerly extensions at Sand King Managing Director’s Comment Ora Banda’s Managing Director, Luke Creagh, said: “It is great to see our DRIVE to 300 projects all on schedule as we pursue our aspiration of doubling production to 300,000 ounces and a step - change improvement in unit costs in FY29. Operationally, we are well placed with the underlying performance of our current asse ts, with weather interruptions and mill downtime that affected performance expected to be limited to the S eptember quarter .”
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3 ‘DRIVE to 300’ Figure 1 - FY27 guidance and ‘DRIVE to 300’ aspirational outlook New 3.0Mtpa processing plant and associated infrastructure – on schedule During the September quarter, substantive works commenced at the Company’s new 3.0 Mtpa processing facility. Key c onstruction activities during the quarter focussed on pr imary bulk earth works, footing s and structural steel work for the mill ing and crush ing circuits and the completion of concrete footing/pedestal works for the CIL circuit. C onstruction (and occupation) of a new accommodation village for the plant construction team was also completed during the period, allowing for more efficient personnel movement and accommodation. In addition to the process plant construction , the September quarter saw enhancement works completed on the ROM, increasing ore storage capacity in preparation for th e forecast stockpile build during FY27 . Construction of the new processing facility is currently on - schedule and within budget. All long lead/critical path items have been sourced/ ordered . Figures 2 through to 6 show the substantial progress to date on the process plant construction.
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4 Figure 2 – New process plan t works. Background shows e xisting Davyhurst 1.2 Mt pa processing plant and the enhanced ROM pad . Figure 3 – New process plant – general site works
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5 Figure 4 – New process plant – Crusher construction Figure 5 – New process plant – Leach tank footing works
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6 Figure 6 – New process plant – mil l construction works Commencement of the Waihi Underground mine – ahead of schedule During the quarter, the Company commenced underground development at Waihi, located three kilometres west of Ora Banda’s Davyhurst processing plant . Waihi Underground is the third underground mine started in three years, and is one of four mines contributing to Ora Banda’s ‘ DRIVE to 300 ’ strategy . D evelopment of the Waihi U nderground mine commenc ed ahead of schedule. The Company considers Waihi to be a large and under - drilled system, with multiple high - grade , north - plunging shoots, including the Golden Pole lode with a n Ore Reserve grade of 5.0 g/t . 5 A key milestone for Waihi Underground will be to establish drill drives which enable rapid follow up drilling on Golden Pole and Midnight 6 . This drilling will target both strike and depth extensions, as well as further drilling on the main Waihi line of lode . Waihi Underground is scheduled to contribute high grade ore from mid CY2027 and is expected to de - risk the production profile ahead of delivery of Ora Banda’s new 3.0 Mtpa processing plant in early CY2028 . 5 See ASX Announcement “ Reserve and Resource Update – Round Dam and Waihi ” dated 18 May 2026 6 See ASX Announcement “Waihi Underground Commenced” dated 1 0 Sep 2026
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7 Figure 7 – Wa i hi Decline portal firing Commencement of Palmerston Decline (Sand King North) – ahead of schedule In addition to the development of the Waihi U nderground , the Company commenced development of the Palmerston decline ( at Sand Kin g ) ahead of schedule in early October . A ccess ible through the historic Palmerston pit, the Palmerston decline will provide important drill - drive access to the highly prospective Sand King N orth corridor, where the Company expects to target mine life extensions through ongoing Resource and Reserve development. Figure 8 – Palmerston D ecline portal firing, for access to Sa nd King North
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8 Infrastructure Upgrades - Siberia camp C onstruction of the new +150 room accommodation village at Siberia (Sand King) continued during the quarter and was completed in O ctober . Similar to other village upgrades across the Davyhurst Project, the new Siberia village is designed to enhance the amenit ies available, with improved recreation facilities and a substantial reduction in daily commute times for personnel operating out of Sand King. Figure 9 – New Siberia accommodation village Operations Underground – Sand King Sand King Underground prioritised development in the quarter , building the pipeline for the remaining quarters. Total development rose 14% (2,605m to 2,976m), of which capital development increased by 177m ( 23% ) . Development ore mined (including low grade) held steady at 62.1 kt which sets up stoping for the coming quarters. Total ore mined for the quarter was 26 6 kt at 2.5g/t for 21.4 koz . Mined grade was broadly consistent with the previous quarter, with average mined grade over these quarters impacted by the 2.0g/t bulk stope contribution. The bulk stope is now completed. With additional stoping fronts coming online, grade and volumes are expected to increase in the remainder of FY27. Underground – Riverina During the quarter, Riverina Underground was transitioned from a two jumbo operation at the commencement of the quarter to a single jumbo operation , with the second jumbo mobilised to commence development at Waihi U nderground . T he strategy at Riverina is to maintain one j umbo until the new mill is constructed , at which point mining volumes may be increased as required . With the reduced resources, mining volumes and grade continue as scheduled.
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9 Open Pit – Waihi Open Pit mining operations at Waihi have moved from pre - strip to ore during the quarter, with 51.9 kt of ore mined at 1.3g/t for 2.2 koz (8.3 kt at 1.2g/t for 0.3 koz in the prior quarter) . Open pit mining is expected to be completed late in December 2026 , as Waihi transitions to an underground mine. Processing Throughput was down 17% on the prior quarter due to extended mill shuts and reduced haulage through out the quarter attributed to weather events. A total of 271.9 kt was milled at 2.7g/t for 21.7k oz produced. At quarter end , closing stockpiles totalled 9 4 kt at 1.9g/t for 5.7 koz. Figure 10 – Davyhurst milled tonnes & head grade 280,409 261,802 256,210 293,700 292,793 343,182 328,808 271,879 2.9 3.1 2.8 3.1 2.9 2.7 2.7 2.7 2.0 2.2 2.4 2.6 2.8 3.0 3.2 3.4 3.6 3.8 4.0 - 50,000 100,000 150,000 200,000 250,000 300,000 350,000 Dec-24 Qtr Mar-25 Qtr Jun-25 Qtr Sep-25 Qtr Dec-25 Qtr Mar-26 Qtr Jun-26 Qtr Sep-26 Qtr Head Grade (g/t) Tonnes Milled Tonnes (LHS) Head Grade (RHS)
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10 Physicals Davyhurst G old Project Operations S ummary Units J un-26 S ep-26 FY 27 T otal UNDE RG ROUND Riverina Capital Development Metres 868 696 696 Operating Development Metres 752 658 658 Vertical Development Metres 317 342 342 Development Ore Mined Tonnes 26,418 24,049 24,049 Development Mined Grade g/t 2.0 2.2 2.2 Development Ounces Mined oz 1,661 1,734 1,734 Stope Ore Mined Tonnes 128,227 65,426 65,426 Stope Mined Grade g/t 3.5 3.4 3.4 Stope Ounces Mined oz 14,298 7,226 7,226 Mined Ore Ore Mined Tonnes 154,645 89,475 89,475 Mined Grade g/t 3.2 3.1 3.1 Ounces Mined oz 15,959 8,960 8,960 L ow G rade Ore Mined Tonnes 26,103 17,355 17,355 Mined Grade g/t 1.3 1.2 1.2 Ounces Mined oz 1,097 673 673 T OT A L MINING Ore Mined Tonnes 180,748 106,830 106,830 Mined Grade g/t 2.9 2.8 2.8 Ounces Mined oz 17,056 9,633 9,633 S and K ing Capital Development Metres 771 948 948 Operating Development Metres 1,311 1,491 1,491 Vertical Development Metres 523 537 537 Development Ore Mined Tonnes 37,102 33,277 33,277 Development Mined Grade g/t 2.8 2.2 2.2 Development Ounces Mined oz 3,290 2,384 2,384 Stope Ore Mined Tonnes 248,914 203,793 203,793 Stope Mined Grade g/t 2.8 2.7 2.7 Stope Ounces Mined oz 22,039 17,650 17,650 Mined Ore Ore Mined Tonnes 286,016 237,070 237,070 Mined Grade g/t 2.8 2.6 2.6 Ounces Mined oz 25,329 20,034 20,034 L ow G rade Ore Mined Tonnes 24,600 28,829 28,829 Mined Grade g/t 1.4 1.5 1.5 Ounces Mined oz 1,082 1,397 1,397 T OT A L MINING Ore Mined Tonnes 310,617 265,900 265,900 Mined Grade g/t 2.6 2.5 2.5 Ounces Mined oz 26,410 21,432 21,432 Quarter
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11 Physicals (continued) *Inclusive equivalent attributable ounces from Paddington third - party campaign s for which O ra Banda is paid on the basis of the value of the equivalent gold sold (by reference to the gold price) less processing costs . * * Inclusive of put option premiums – premiums paid on put options that expired in the period . Refer to finance table for breakdown. Drilling Programs A total of $ 23.2 million was spent on exploration and resource development activities during the quarter, focussing on programs at Round Dam , Little Gem and ongoing extensional programs at Riverina and Sand King undergrounds . Results received during the quarter from previous drilling at Little Gem ha ve expanded the strike and depth extents of the newly discovered Sapphire lodes, defining parallel lodes over 2.6km in strike, down to a depth of 200m. Significant inter sections included 5.0m @18.1g/t 7 . The Company anticipates releasing a maiden Mineral Resource for Little Gem during late Q2/early Q3 FY27 . 7 See ASX Announcement titled “ Impressive Results at Little Gem Expand Mineralised Footprint” dated 31 July 2026 Davyhurst Gold Project Operations Summary Units Jun-26 Sep-26 FY27 Total OPEN PIT Waihi Material Moved BCM 495,849 176,820 176,820 Ore Mined Tonnes 8,330 51,865 51,865 Mined Grade g/t Au 1.2 1.3 1.3 Ounces Mined oz 328 2,175 2,175 PROCESSING - DAVYHURST Milled Tonnes Tonnes 328,808 271,879 271,879 Head Grade g/t 2.7 2.7 2.7 Recovery % 92% 92% 92% Gold Produced oz 26,599 21,696 21,696 Gold Sold oz 26,468 22,330 22,330 Hauled Tonnes Tonnes 232,033 207,542 207,542 Grade g/t 2.0 2.0 2.0 Recovery % 87% 87% 87% Gold Recovered oz 12,953 11,609 11,609 Equivalent Gold Sold oz 12,953 11,609 11,609 Total Gold Produced* oz 39,552 33,305 33,305 Total Equivalent Gold Sold* oz 39,421 33,939 33,939 Average Price A$/oz 6,243 5,915 5,915 Revenue - Gold Sales** A$M 246.1 200.8 200.8 DAVYHURST GOLD INVENTORIES Total Stockpiles - Contained Gold oz 7,771 5,695 5,695 Gold in Circuit (GIC) oz 3,047 2,496 2,496 Total Gold Inventories oz 10,818 8,191 8,191 THIRD PARTY MILLING - PADDINGTON Quarter
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12 In conjun c tion with the commencement of mining at Waihi Underground, results from prior step out drilling ~500m south of the Waihi portal ha ve identified another potential high - grade p rospect named Midnight , defined by exceptional drill results, including 11.5m @ 26.0g/t 8 . Gold Sold and AISC Total equivalent gold sold for the quarter was 3 3,939 oz, representing a 14 % de crease on the prior quarter , impact ed by the above mentioned extended mill shuts and weather events. The Company continue d to deliver ore to Paddington Gold Pty Ltd during the quarter in line with the latest Ore Sale Agreement 9 which expires in October 2026 (570 kt of ore between M a rch and October 2026 , +/ - 10%). The parties remain in discussion s regarding the opportunity to continue third - party processing beyond October 2026 . AISC per ounce sold (inclusive of attribut ed ounces) for the quarter was $ 4,214 /oz, a 9 % in crease from the prior quarter , attributable predominantly to the 17% reduction in Davyhurst throughput noted above and the commencement of Waihi open pit ore mining ($228/oz) . Figure 1 1 - Gold Sold, AISC & Realised AUD GP (i ncluding attribut ed ounces & cost of hedging ) 8 See ASX Announcement titled “ Waihi Underground Commenced” dated 1 0 Sep 2026 9 See ASX Announcement titled “ DRIVE to 300 aspiration and Key Project Approvals” dated 18 May 2026
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13 Finance A. Inclusive of non - cash share - based payment s – Sep26: $ 7 4 /oz ( FY26 Q 4 : $6 3 /o z ) . B. I nclusive of attributed ounces from third party campaign s , for which Ora Banda is paid on the basis of the value of gold sold (by reference to the gold price) less processing costs . C. Put option premium cost represents the premiums on put options that expired in the perio d . Units J un-26 S ep-26 FY 27 T otal Underground Mining $'000s 53,577 47,076 47,076 Open Pit Mining $'000s - 7,753 7,753 Processing $'000s 19,308 19,436 19,436 Third-party milling $'000s 29,049 25,638 25,638 Haulage $'000s 6,682 5,490 5,490 Site G&A $'000s 5,808 6,274 6,274 Royalties $'000s 8,875 7,167 7,167 Corporate Overheads [A] $'000s 8,893 7,529 7,529 By Product Credits $'000s (971) (603) (603) Operating C osts $'000s 131,221 125,760 125,760 Rehab- Accretion $'000s 200 324 324 Inventory Stock Movements $'000s (3,779) (4,733) (4,733) Sustaining Mine Development $'000s 23,316 19,320 19,320 Sustaining Capital $'000s 1,615 2,355 2,355 A ll-in S ustaining C osts $'000s 152,573 143,026 143,026 G old S ales[B] oz 39,421 33,939 33,939 Underground Mining $/oz 1,359 1,387 1,387 Open Pit Mining $/oz - 228 228 Processing $/oz 490 573 573 Third-party milling $/oz 737 755 755 Haulage $/oz 170 162 162 Site G&A $/oz 147 185 185 Royalties $/oz 225 211 211 Corporate Overheads $/oz 226 222 222 By Product Credits $/oz (25) (18) (18) Operating C osts $/ oz 3,329 3,705 3,705 Rehab- Accretion $/oz 5 10 10 Inventory Stock Movements $/oz (96) (139) (139) Sustaining Mine Development $/oz 591 569 569 Sustaining Capital $/oz 41 69 69 A ll-in S ustaining C osts $/ oz 3,870 4,214 4,214 Revenue from Operations A$M 249.5 204.6 204.6 Put Option Premiums [C] A$M (3.4) (3.9) (3.9) Net Gold Revenue A$M 246.1 200.8 200.8 A verage realised gold price $/ oz 6,243 5,915 5,915 Finance S ummary Quarter
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14 Cash & Equivalents As at 3 0 September 2026 cash totalled $ 2 07.0 million, reflecting net cash out fl ow for the quarter of $ 60.7 million , as expenditure on the ‘ D RIVE to 300 ’ capital projects ramped up. Refer below for a reconciliation of movements in cash for the quarter: Figure 1 2 - Quarterly Cash Movement Operating cash flows is calculated as revenue less operating costs . Operating costs is inclusive of $ 8. 9 M in AASB 16 lease principal and interest payments. Gold Price Protection Existing put option price protection provides coverage from Nov 2026 through to June 2028 with 8.3koz per month protected at a floor price of A$6,000/oz (total of 166.7koz protected at A$6,000). Existing gold price protection provides coverage from Nov 2026 through to June 2028, with approximately 8.3koz per month protected at a floor price of A$6,000/oz (total of 166.7 koz). For the period November 2027 to June 2028, this protection forms part of the partial collars executed in the June 2026 quarter. Under those collars the Company also sold 33,128 oz of call options with an exercise price of A$8,400/oz, No additional put options or partial collars were executed during the quarter. Premiums for all options expiring during the period were paid for upfront in prior periods, resulting in no cash outflows attributed to put option premiums during the current qu arter. Upsized Revolving Credit Facility to A$300 million Subsequent to quarter end, the Company completed an upsize of its existing Syndicated Facility Agreement with Australia and New Zealand Banking Group (‘ANZ ’) and Commonwealth Bank of Australia (‘CBA ’) from A$200 million to $300 million by adding Westpac Banking Corporation (‘Westpac ’) as a third bank to the facility The expanded facility provides a substantial buffer during a period of heightened growth expenditure . Key terms of the upsized facility include: C ash and E quivalents Units J une Qtr S eptember Qtr Cash at bank $'000s 267,704 207,004
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15 • Financiers : ANZ, CBA and Westpac ; • Size: A$300 million; • Tenor: T hrough to June 2029 ; • Customary conditions precedent for a facility of this nature; and • No mandatory hedging requirements Sustainability Update During the quarter OBM moved from building foundations to implementing them. Safety performance improved further, digital training systems were embedded, contractor governance was strengthened, and the FY26 ESG and climate reporting was delivered. Key highlights : • Safety: The 12 - month TRIFR fell 28%, from 7.65 at 30 June to 5.48 at 30 September. The 12 - month LTIFR fell from 0.48 to 0.42. Both improved while activity and growth projects increased . • Training and mobilisation: OBM embedded its new LMS and online General Safety Induction and aligned induction, site - access and competency requirements. Since 1 October, completing the online induction has been a condition of site entry. • Contractor governance: OBM reviewed its contractor reporting structures to give clearer visibility of HSET performance and stronger accountability as contractor numbers grow • Sustainability and climate reporting: The Board approved OBM’s second annual ESG Report (FY26) in September. The report was prepared with reference to the GRI and SASB standards. OBM also completed its inaugural AASB S2 climate - related disclosure. • En vironment: In FY26, OBM completed 52.71 ha of progressive rehabilitation, maintained 34 groundwater monitoring points, recycled 163.5 tonnes of scrap metal and launched the Envago monitoring system. The Sustainability Committee continues to oversee environ mental, climate, heritage, community and closure matters. Corporate As at 3 0 September 202 6 , the issued capital of the Company was: No. of Instruments Fully paid ordinary shares 1,938,756,812 Unlisted performance rights 100,517,488 During the quarter: • 11,085,228 unlisted performance rights were exercised . • 1 ,007,166 unlisted performance rights were cancelled . • T he Company issued 1 8,498 fully paid ordinary shares in lieu of fees payable ( “ Fee Shares ” ) to certain N on - E xecutive D irectors as approved by shareholders at the Company’s annual meeting held on 28 November 2023. Th is Fee Share issuance was for the June 2026 quarter. To simplify the NED fee structure , from 1 July 2026 , there is no longer an equity component to the NED remuneration . This has been replaced by Board approved Minimum Shareholding guidelines .
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16 This announcement was authorised for release to the ASX by the Board of Directors of Ora Banda. For further information about Ora Banda and its projects please visit the Company ’ s website at www.orabandamining.com.au . Investor & Media Queries: Luke Creagh Kurt Walker Managing Director Investor Relations +61 8 6365 4548 +61 8 6365 4548 admin@obmltd.com.au admin@obmltd.com.au
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17 Mineral Resource and Ore Reserves Ore Reserves The information in this announcement that relates to Ore Reserve estimates is extracted from the ASX announcement titled “Annual Mineral Resource and Ore Reserve Statement” dated 14 July 2026 which is available to view at asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announceme nt continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. Mineral Resource The information in this announcement that relates to the: ▪ Waihi, Round Dam, Sand King and Riverina Mineral Resource estimate is extracted from the ASX announcement titled “Annual Mineral Resource and Ore Reserve Statement” dated 14 July 2026; ▪ Missouri Mineral Resource estimate is extracted from the ASX announcement titled “Mineral Resource and Ore Reserve Statement” dated 2 July 2024; ▪ Forehand, Silver Tongue & British Lion Mineral Resource estimate is extracted from the ASX announcement titled “Davyhurst Gold Project Mineral Resource and Ore Reserve Statement” dated 29 July 2021; ▪ Callion Mineral Resource estimate is extracted from the ASX announcement titled “Maiden Callion Underground Resource of 77,000 oz” dated 29 June 2020; each of which is available to view at asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially mo dified from the original market announcement. The information in t his announcement that relates to previous exploration results at ▪ Little Gem is extracted from Ora Banda Mining Ltd’s ASX announcement titled “ Impressive Results at Little Gem Expand Mineralised Footprint” dated 31 July 2026 ▪ Midnight/Golden Pole/Waihi is extracted from Ora Banda Mining Ltd’s ASX announcement titled “Underground Mining Begins At Waihi” dated 10 September 2026 A vailable to be view ed at www.orabandamining.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in those ASX releases. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from those ASX releases. Forward Looking Statements This announcement contains forward - looking statements which may be identified by words such as “forecast”, “believes”, “estimates”, “expects”, “intends”, “may”, “will”, “would”, “could”, or “should” and other similar words that involve risks and uncertaint ies. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place. Such forward - looking statements are provided as a general guide only, are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, the Directors and management of the Company. When forecasting or providing guidance on costs and production the Company has taken into account current operating costs, design, plans of the Company , cost escalation, required personnel numbers and inputs including capital estimates, submitted tender rates from contractors and suppliers, and average industry productivity and mining specification metrics. These and other factors could cause actual resul ts to differ materially from those expressed or implied in any forward - looking statements. The Company has no intention to update or revise forward - looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by law. The Company cannot and does not give assurances that the results, performance or achievements expressed or implied in the forward - looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward - looking statements.
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18 Aspirational Statements This announcement includes aspiration al statements in respect of the Comp any’s vision to be a ~300kozpa producer. This is a general aspirational statement and not a production target. The Company does not yet have reasonable grounds to believe this can be achieved