ORA BANDA MINING LTD — AGM Information 2020

Nov 26, 2020

27 November 2020

ASX Announcement (ASX: OBM)

2020 ANNUAL GENERAL MEETING CHAIRMAN’S ADDRESS

Good afternoon ladies and gentlemen.

On behalf of the Board of Ora Banda Mining Limited, I would like to welcome all of you here to the Company’s 2020 annual general meeting and thank you for coming along today.

As I am satisfied a quorum is present, I will officially declare the meeting open.

Now I would like to introduce my fellow directors. This year, we have one director retiring by rotation and to consider for re-election. That director is Mr Keith Jones.

To our Board members in front of you. First, on my direct right is David Quinlivan, the Company’s Managing Director. Next to David is Keith Jones. Keith is Chairman of our Audit & Risk Committee. On the phone we have Mark Wheatley. Mark is based in New South Wales and due to COVID-19 is not able to attend in person. On the end is the Company’s joint Company Secretary, Susan Hunter.

As you are aware from the Notice of Meeting, there are four items of business to be discussed when we move into the formal proceedings. But before that, I would like to make some general observations about the last 12 months. Later, David Quinlivan will provide us with an update on the Company’s operations including, of course, progress on the Davyhurst Gold Project.

During and subsequent to the 2020 financial year the Company achieved a number of corporate and operational milestones. I will let David speak to the operational. So, focussing on the corporate:

• In early August 2019 the Company announced it had established a small shareholding sale facility, to reduce the high number of unmarketable parcel shareholdings. The facility was highly successful, resulting in a 72% reduction in shareholders and the associated administrative costs.

• Later in August the Company announced a fund raising of $18.5 million to accelerate its highgrade gold resource and reserve definition program, regional exploration programme and fund early stage processing plant works. The raising was strongly supported by both existing Ora Banda shareholders and new sophisticated and professional investors.

• Following release of the Davyhurst Gold Project definitive feasibility study in July 2020, the Company announced a $55 million capital raising. Proceeds from the raising, together with existing cash, provided funding for the capital costs and working capital requirements of the recommencement of production at Davyhurst, targeted for the first quarter of the 2021 calendar year.

Before closing, I would also like to acknowledge our suppliers, contractors and shareholders who continue to support our strategy of recommencement of production operations at the Davyhurst Gold Project.

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ORA BANDA MINING .COM. AU admin@orabandamining.com.au 1300 035 592 (callers within Australia – toll free) +61 8 6365 4548 Level 1, 2 Kings Park Road, West Perth WA 6005 PO Box 464, West Perth WA 6872 ABN 69 100 038 266

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Finally, on behalf of the Board I would like to thank the Company’s employees for their dedicated service and commitment over the past 12 months, without whom, the achievements of the past year would not have been possible.

END

This ASX announcement was approved for release by the Chairman of Ora Banda Mining Limited.

Investor & Media Queries: David Quinlivan Managing Director +61 8 6365 4548 admin@orabandamining.com.au

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ORA BANDA MINING .COM. AU admin@orabandamining.com.au 1300 035 592 (callers within Australia – toll free) +61 8 6365 4548 Level 1, 2 Kings Park Road, West Perth WA 6005 PO Box 464, West Perth WA 6872 ABN 69 100 038 266

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