Drilling Expands Little Gem, New Sapphire Trend Discovered

• Latest drilling expands Little Gem Prospect's mineralised envelope to over 1,500m strike and 750m depth
• Exploration drilling discovers new Sapphire Trend, parallel to Little Gem Trend
• Drilling at Sunraysia Prospect identifies high-grade lodes on Little Gem Trend

Ora Banda Mining Ltd (ASX: OBM) has reported continued exploration success at its high-grade Little Gem Prospect, with latest drilling expanding the mineralised envelope to over 1,500 metres of strike and 750 metres vertically below surface. Mineralisation remains open in all directions. Exploration drilling has also discovered the new Sapphire Trend, located 200 metres east of the Little Gem Trend, presenting a new potential lode system. The Sapphire Trend runs parallel to the Little Gem Trend and will be a targeted area for ongoing exploration. Drilling at the Sunraysia Prospect, 3km south of Little Gem, has also identified high-grade lodes on the Little Gem Trend, adding a further 800 metres of prospective strike. With over 150 drill holes now completed across the Little Gem Prospect, the company expects to deliver a maiden Mineral Resource Estimate during the second half of 2026. Recent significant intersections include 10.0m @ 6.9 g/t, 18.0m @ 2.7 g/t, and 3.0m @ 9.3 g/t.

Ora Banda expects to deliver a Maiden Mineral Resource Estimate on the Little Gem Prospect during the second half of 2026. Drilling remains ongoing.