• Total Mineral Resource estimate increased to 26.8 Mt @ 2.4 g/t for 2.11 Moz
• Underground Ore Reserves increased 24% to 1.66 Mt at 3.3 g/t for 176 koz
• Significant growth potential from recent drilling at Little Gem, Waihi, Round Dam and Sand King

Ora Banda Mining Ltd has released its annual Mineral Resource and Ore Reserve statement as at 1 July 2025. The company reported a total Mineral Resource estimate of 26.8 Mt @ 2.4 g/t for 2.11 Moz, an increase of 160 koz after mining 108 koz from 1 June 2024. Key highlights include a 25% increase in the Riverina Underground Resource to 7.0 Mt at 2.6 g/t for 586 koz, and a 14% increase in the Sand King Underground Resource to 3.9 Mt at 2.8 g/t for 348 koz. The company's total Ore Reserve estimate increased 24% to 3.0 Mt at 2.4 g/t for 236 koz, with Underground Ore Reserves increasing 24% to 1.66 Mt at 3.3 g/t for 176 koz. This includes a 54% increase in the Sand King Underground Ore Reserve to 829 kt at 3.2 g/t for 84 koz, and a 5% increase in the Riverina Underground Ore Reserve to 825 kt at 3.5 g/t for 92 koz. The company noted that the Resource and Reserve estimates do not include recent drilling results from Little Gem, Waihi, Round Dam and step-out extensions of Sand King, which are expected to be updated in H2 FY26 as part of a $73 million exploration and resource development drilling program.

The company plans a major $73 million exploration and resource development drilling program in FY26 to further grow its asset base, including follow-up drilling at Waihi, Round Dam and Little Gem which were not included in the current Resource and Reserve statement.