• Deep drilling at Riverina Underground confirms continuity of high-grade gold mineralisation over 300m below the current mine plan
• Extensional drilling from Riverina Underground extends mineralisation in central area resulting in immediate additions to mine plan
• Potential new greenfields discovery at Little Gem, located 2.5km south along strike of Riverina Underground

Ora Banda Mining Limited (ASX: OBM) has provided an update on its continued exploration success at the high-grade Riverina Gold Camp. Deep drilling at Riverina Underground has confirmed the continuity of high-grade gold mineralisation over 300m below the current mine plan, with the drill campaign still progressing. Extensional drilling from Riverina Underground has also extended mineralisation in the central area, resulting in immediate additions to the mine plan. Additionally, the company has embarked on a grassroots exploration program at the Little Gem prospect, located 2.5km south of Riverina Underground, which has yielded a potential new multi-lode discovery. The initial drill hole at Little Gem produced outstanding results, with three significant high-grade gold zones intersected. As a result of these positive drilling results, the Ora Banda Board has approved an additional $45 million in spending for FY25, including $16 million for further exploration and resource development drilling at Riverina and $29 million for infrastructure enhancements to support growth. The company remains committed to expanding the known mineralisation system at Riverina and plans to continue ramping up drilling, with further infill and extensional drilling ahead of anticipated Mineral Resource Estimate upgrades in H1 FY26.

The company has approved an additional $16 million in exploration and resource development drilling and $29 million in capital expenditure for FY25 to rapidly advance drilling and expand infrastructure at the Riverina Gold Camp.

Ora Banda is committed to investing heavily in resource development drilling programs at the Riverina Underground with the clear objective of growing the mine life. The company plans to continue ramping up drilling, with further infill and extensional drilling ahead of anticipated Mineral Resource Estimate upgrades in H1 FY26.