• LTIFR of 0.7, TRIFR of 10.9
• Closing cash of $84.2 million, a $3.5 million increase from the prior quarter
• Gold sold for the quarter was 20,220oz, FY25 gold sold totalled 91,687oz

Ora Banda Mining reported its June 2025 quarterly activities, highlighting solid progress across key initiatives. The company's second underground mine, Sand King, continued to deliver in line with key project metrics, achieving its expected steady state production run-rate of 60koz per annum in June. The company's drilling programs also delivered high-grade intersections at depth at Riverina, identified a new mineralised zone at Waihi, and confirmed a regionally significant >5km continuous strike trend at Little Gem. Ora Banda strengthened its cash position, which increased by $3.5 million over the quarter to $84.2 million despite production delays. This was achieved while investing $40.9 million in capital projects, resource development, and exploration. For FY25, the closing cash position increased by $57.4 million after investing over $124 million in these areas. With the ramp-up of Sand King, mined ore exceeded the current processing capacity of the Davyhurst plant, and the company entered into an ore sale agreement with Norton Gold Fields for 50kt of ore, of which ~19kt was processed at the Paddington mill, resulting in attributable equivalent production of 1.4koz.

FY26 Production guidance: 140 - 155koz (includes ~21koz of attributable equivalent production from proposed ore sale agreement with NGF) FY26 AISC/oz guidance: $2,800 - $2,900/oz FY26 Exploration and Resource Development spend: $73 million FY26 Growth Capital spend: $86 million

Ora Banda's next phase of growth forecasts a production increase by over 60% to between 140 and 155 thousand ounces with strong cash flow underpinning capital investment to right-size its infrastructure, including a feasibility study to more than double processing capacity to approximately 3Mtpa. The company's $73 million exploration and resource development drilling program in FY26 aims to extend mine life at Riverina and Sand King and rapidly advance other key prospects including Little Gem, Waihi, and the Round Dam trend.