• No Lost Time Injuries
• Closing cash of $80.7 million, a $22.9 million increase from the prior quarter
• Gold production of 23,150oz, a 1% increase on the prior quarter

Ora Banda Mining Ltd reported a solid March 2025 quarter, with key highlights including: no lost time injuries, a closing cash balance of $80.7 million (a $22.9 million increase from the prior quarter), and gold production of 23,150oz (a 1% increase on the prior quarter). The Riverina Underground operation continued to deliver strong results, with 127kt of ore mined at 4.6g/t. The Sand King Underground mine also achieved first stoping ore in March 2025 and remains on track to achieve steady state production in June 2025. The Davyhurst mill was impacted by a six-day major shutdown plus commissioning, including secondary mill lining upgrades, which is expected to assist in increasing mill throughput to 1.4mtpa. Exploration efforts were successful, with the drilling program confirming high-grade gold mineralisation continuity at depth at Riverina, extending over 300m below the current mine plan, as well as identifying a potential new greenfields deposit at Little Gem. As a result of the downtime associated with the processing plant upgrades, the company has reduced the top end of its FY25 production guidance from 110,000oz to 105,000oz, while increasing the AISC guidance to A$2,350/oz - A$2,500/oz.

Revised FY25 production guidance of 100,000oz - 105,000oz and AISC guidance of A$2,350/oz - A$2,500/oz.

The company anticipates a strong performance in the June quarter as Sand King ramps up, and further upgrades to the processing plant in the June quarter to increase throughput to 1.4Mtpa in FY26.