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ORA BANDA MINING LTD Capital/Financing Update 2023

Nov 27, 2023

65475_rns_2023-11-27_b20456b3-b7ec-4bcb-a4eb-4f3ddfb74a00.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

28 November 2023

==> picture [166 x 88] intentionally omitted <==

COMPANY UPDATE – Key Milestones Achieved

Highlights

  • First ore from Riverina Underground Main Lode developed four weeks ahead of FID schedule (see Figures 1,2 and 3)

  • Ore location and width in line with block model, with expected lode grades of 10g/t and expected face grades of 4g/t in Main Lode East (MLE)

  • Grade control and extension drilling commenced from underground in late September and results continue to impress (see significant intercepts on page 2)

  • Key infrastructure projects at Riverina scheduled for completion in the December quarter including:

  • Primary pump station (complete)

  • Main 4.5m diameter ventilation shaft (complete)

  • Primary vent fan installation (scheduled completion early December)

  • Primary power station (completion scheduled for mid December)

  • Surface infrastructure including wash-bay, workshop & offices (complete)

  • Processing Plant crusher circuit upgrade completed in November

  • New Terex 380 tertiary crusher installed and refurbished secondary crusher

  • Upgraded hydraulic system as well as other key improvements in the overall circuit

  • Operating at nameplate capacity of 1.2Mtpa with 100% fresh rock feed

  • With reduced open pit strip ratio, open pit mining fleet reduced by ~ 35% in October

  • Strip ratio decrease of 38% to 4.9:1 in Missouri open pit is a key driver in lowering cost profile going forward

  • Two diamond drill rigs commenced the 33 hole Sand King underground exploration program in November

Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to provide an update as numerous key milestones at the Davyhurst operation have been achieved as part of our DRIVE to 100 Project, targeting production of over 100,000 ounces in FY25.

A: Level 2, 1 Hood Street Subiaco, WA, 6008 T: + 61 8 6365 4548 E: [email protected] ASX:OBM ABN: 69 100 038 266

1

Ora Banda Mining Limited’s Managing Director, Luke Creagh, said:

"Achieving these big milestones is a testament to the outstanding efforts of the team, and further strengthens our business as we continue on the pathway to achieving over 100,000 ounces in FY25 and lowering unit costs.

“Intersecting first ore from Main Lode at Riverina ahead of schedule is an exciting moment, and as we ramp up production over the next 6 months, the high-grade ore from Riverina is a key driver of increasing our ounce profile and free cash flow.

“The improvements in the processing plant including the crusher upgrade cannot be understated as for the first time since commissioning we are achieving nameplate throughput of 1.2Mtpa at 100% of fresh rock feed.”

Riverina Underground

Further drilling increases confidence of high-grade system

Drilling at Riverina has consisted of both an infill drill program from the surface and grade control drilling from underground which has confirmed the high-grade Main Lode mineralisation in the upper levels. The results have also provided additional confidence in the geology interpretation and expected gold grades with assays received to date demonstrating the potential to enhance the block model grades.

New significant surface infill drill intercepts include (see Figures 1 and 4):

o 4.7m @ 20.8g/t Main Lode West o 3.0m @ 23.7g/t Main Lode East o 3.1m @ 6.6 g/t Main Lode East o 1.4m @ 7.7 g/t Main Lode East o 1.0m at 15.3g/t Main Lode East (including 0.6m @ 26.9g/t) o 1.7m @ 11.1 g/t Main Lode East o 1.0m @ 12.4 g/t Main Lode East

New significant underground grade control drill intercepts include (see Figures 1,4 and 5):

o 1.5m @ 35.2 g/t Main Lode East o 1.2m @ 9.8 g/t Main Lode East o 0.7m @ 50.9 g/t Main Lode East o 1.3m @ 18.2 g/t Main Lode East o 1.5m @ 37.4 g/t Main Lode West o 1.9m @ 11.8 g/t Main Lode West o 5.3m @ 14.1 g/t Murchison o 7.8m @ 3.5 g/t Murchison o 6.1m @ 4.0 g/t Murchison o 4.4m @ 4.8 g/t Murchison

2

First development ore intersected in Main Lode

The 2295 access has intersected the Main Lode East orebody as shown in Figure 1, with this key milestone achieved four weeks ahead of the FID schedule. Figure 1 also demonstrates the strike length and continuity of the 2 Main Lodes (green), as well as the grade control highlighting significant potential upside of the Murchison lodes that may convert to reserve with additional drilling. Importantly, the decline and accesses are located such that any Murchison lodes (shown in orange, yellow and blue) can be mined off the existing infrastructure, further supporting the low capital intensity of the mine.

First stoping at Riverina is expected in the March quarter (FY24) with steady state production expected in FY25 of 600kt per annum at the Reserve grade of 4.3g/t for ~80kozpa.

==> picture [385 x 499] intentionally omitted <==

Figure 1 - Plan View of Riverina showing location of first ore development on Main Lode as well as the expected grades and strike length of the orebodies

3

==> picture [334 x 270] intentionally omitted <==

----- Start of picture text -----

1.5m
----- End of picture text -----

Figure 2 - Photo of Main Lode East looking South showing lode width of 1.5m and drive width of 4.5m

==> picture [334 x 340] intentionally omitted <==

----- Start of picture text -----

1.6m
----- End of picture text -----

Figure 3 - Photo of Main Lode East looking North showing lode width of 1.6m and drive width of 4.5m

4

ASX ANNOUNCEMENT

28 November 2023

==> picture [166 x 88] intentionally omitted <==

==> picture [703 x 353] intentionally omitted <==

Figure 4 - Long Section of Main Lode demonstrating substantial strike length, high-grade continuity and extension potential at depth and to the south

5

==> picture [704 x 353] intentionally omitted <==

Figure 5 - Long Section of Murchison Lode highlighting opportunity as a potential additional production source with further drilling

6

Riverina Infrastructure Projects near completion

Over the December quarter, key infrastructure projects scheduled for completion include:

  • Primary pump station (complete)

  • Main 4.5m diameter ventilation shaft (complete)

  • Primary vent fan installation (scheduled completion early December)

  • Primary power station (completion scheduled for mid December)

  • Surface infrastructure including wash-bay, workshop & offices (complete)

==> picture [452 x 327] intentionally omitted <==

Figure 6 - Underground at Riverina showing the 4.5m diameter vent rise in the background and the cement pad poured as part of the primary fan installation (scheduled completion early December)

7

Processing Plant – Crushing circuit upgrade complete

In November, a 4.5 day crusher shut down was completed safely and on budget, with the primary task of replacing the existing tertiary crusher. In addition to this, further additional works were conducted to improve the circuit including:

  • ROM bin wall liner repaired;

  • Primary crusher dribble chute line replaced;

  • Head chute billet ledges replaced;

  • Conveyor belt replaced;

  • Hydraulic packs sea container installation;

  • Conveyor gearbox replaced;

  • Conveyor secondary scraper installed;

  • Conveyor tail pulley replaced; and

  • Secondary crusher TIC cylinders replaced.

Importantly, since commissioning, the crushing circuit has been operating at nameplate capacity of 1.2Mtpa with throughput rates consistently operating at over 230tph on 100% fresh rock feed.

==> picture [424 x 394] intentionally omitted <==

Figure 7 - New Terex 380 tertiary crusher installed

8

Open Pit

In line with forecast, the Missouri Open Pit Mining fleet reduced by ~35% in October as the strip ratio decreased by 38% to 4.9:1 for the remainder of the mine. This is a key driver in lowering the Company cost profile going forward in FY24.

==> picture [452 x 269] intentionally omitted <==

Figure 8 - Looking north over Missouri Open Pit to Sand King Open Pit and highlighting the reduced strip ratio in the Missouri Open Pit

==> picture [453 x 280] intentionally omitted <==

Figure 9 - Digger loading truck from the Monarch lodes in Missouri Open Pit

9

Sand King Exploration

Mineralisation at Sand King is associated with early shear zones and later tension veins, both identifiable in core. Shear zones are oriented towards 020[o] or 340[o] and tension veins are oriented 060[o] or 090[o] . While the bulk of mineralisation is associated with the tension veins the importance of the shears is now recognised as higher grade (and volume) intersections have been noted where the tension veins intersect the early shears.

Two diamond drill rigs commenced the 33 hole Sand King underground exploration program in November as follow up to the initial success of intersecting 12m @9.8g/t (intercept shown in Figure 11 below and as per ASX announcement on 2 November 2023).

==> picture [441 x 195] intentionally omitted <==

Figure 10 - Looking south over Sand King toward Missouri, with 2 diamond drill rigs commenced on the Sand King underground program

==> picture [318 x 328] intentionally omitted <==

Figure 11 - SKD23004 Core from Sand King showing intersection of shear and tension veins

10

This announcement was authorised for release to the ASX by Luke Creagh, Managing Director.

For further information about Ora Banda Mining Ltd and its projects please visit the Company’s website at www.orabandamining.com.au.

Investor & Media Queries: Luke Creagh Managing Director +61 8 6365 4548 [email protected]

Competent Persons Statement

The information in this announcement that relates to new Exploration Results is based on and fairly represents information compiled under the supervision of Mr Andrew Czerw, an employee of Ora Banda Mining Limited, who is Member of the Australian Institute of Mining and Metallurgy. Mr Czerw has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Czerw consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this announcement that relates to Mineral Resources and Ore Reserves for Riverina Underground are set out in the Company’s ASX announcement, Mineral Resource and Ore Reserve Statement on 26 October 2023 and is available to view at www.orabandamining.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in that announcement and that all material assumptions and technical parameters underpinning the Mineral Resource and Ore Reserve estimates in that announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from that announcement.

The information in this announcement that relates to the Production Target for Riverina Underground are set out in the Company’s ASX announcement, ‘Mineral Resource and Ore Reserve Statement on 26 October 2023 and is available to view at www.orabandamining.com.au. The Company confirms that all material assumptions underpinning the Production Target in that announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from that announcement.

The information in this announcement that relates to previous Exploration Results is set out in the Company’s ASX announcement, Mineral Resource and Ore Reserve Statement on 26 October 2023, and is available to view at www.orabandamining.com.au (other than Sand King results). Information regarding the Sand King exploration results are included the Company’s ASX announcement, ‘Sand King Exploration Results Show UG Potential’ dated 2 November 2023. The Company confirms that it is not aware of any new information or data that materially affects the information included in those announcements. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from those announcements.

Forward-looking Statements

This announcement contains forward-looking statements which may be identified by words such as "believes", "estimates", "expects', "intends", "may", "will", "would", "could", or "should" and other similar words that involve risks and uncertainties. These statements are based on an assessment of present

11

economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place.

Such forward-looking statements are provided as a general guide only, are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, the Directors and management of the Company. These and other factors could cause actual results to differ materially from those expressed or implied in any forward-looking statements. The Company has no intention to update or revise forwardlooking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by law. The Company cannot and does not give assurances that the results, performance or achievements expressed or implied in the forward looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements.

12

Appendix 1 – Significant Intersections Table – OBM Drill holes (1g/t cut-off, maximum 2m internal dilution, minimum width 0.2m)

Project Hole ID MGA
North
MGA
East
RL Azi Dip End
Depth
Hole
Type
Depth
From
Depth
To
Interval Grade Gram
Metres
Au g/t interval
RIVERINA RVDD23014 436
269
-57
522.3
DDH
6705614 264809
452.9 454.22 1.32 7.57 9.99 1.3m @ 7.57 g/t
RIVERINA RVDD23020A
RVDD23020A
RVDD23020A
RVDD23020A
443
86
-55
197.5
DDH
6706764 264372
156.65 159.17 2.52 1.81 4.55 2.5m @ 1.81 g/t
Incl 158.76 159.17 0.41 7.42 3.04 0.4m @ 7.42 g/t
168.1 171.2 3.1 6.62 20.51 3.1m @ 6.62 g/t
Incl 169.65 170.07 0.42 41.78 17.55 0.4m @ 41.78 g/t
RIVERINA RVDD23021A
RVDD23021A
RVDD23021A
RVDD23021A
RVDD23021A
430
270
-51
217.5
DDH
6706736 264609
129.5 129.94 0.44 1.64 0.72 0.4m @ 1.64 g/t
154.2 155.1 0.9 1.42 1.28 0.9m @ 1.42 g/t
158.33 159 0.67 2.01 1.35 0.7m @ 2.01 g/t
195 196.41 1.41 7.68 10.83 1.4m @ 7.68 g/t
212.2 213.81 1.61 2.48 4 1.6m @ 2.48 g/t
RIVERINA RVDD23022
RVDD23022
RVDD23022
RVDD23022
RVDD23022
RVDD23022
430
272
-54
215.8
DDH
6706708 264606
115.2 118.6 3.4 2.7 9.17 3.4m @ 2.70 g/t
185.38 186.13 0.75 8.19 6.14 0.8m @ 8.19 g/t
Incl 185.38 185.73 0.35 16.09 5.63 0.4m @ 16.09 g/t
191 194 3 1.13 3.39 3.0m @ 1.13 g/t
205.04 205.26 0.22 2.19 0.48 0.2m @ 2.19 g/t
207.87 208.15 0.28 3.71 1.04 0.3m @ 3.71 g/t
RIVERINA RVDD23023
RVDD23023
RVDD23023
RVDD23023
RVDD23023
RVDD23023
RVDD23023
430
268
-52
204
DDH
6706692 264599
98.82 99.25 0.43 6.53 2.81 0.4m @ 6.53 g/t
103.5 104 0.5 1.18 0.59 0.5m @ 1.18 g/t
105.14 106 0.86 1.3 1.12 0.9m @ 1.30 g/t
157.29 158.31 1.02 15.34 15.65 1.0m @ 15.34 g/t
Incl 157.75 158.31 0.56 26.88 15.05 0.6m @ 26.88 g/t
172.04 174 1.96 2.84 5.57 2.0m @ 2.84 g/t
Incl 172.04 172.78 0.74 5.87 4.34 0.7m @ 5.87 g/t
RIVERINA RVDD23024
RVDD23024
RVDD23024
RVDD23024
RVDD23024
RVDD23024
430
251
-56
190
DDH
6706669 264589
127.9 130.12 2.22 4.73 10.5 2.2m @ 4.73 g/t
Incl 129.18 130.12 0.94 9.79 9.21 0.9m @ 9.79 g/t
160.86 162.57 1.71 11.09 18.96 1.7m @ 11.09 g/t
173 174.14 1.14 1.83 2.08 1.1m @ 1.83 g/t
Incl 173.84 174.14 0.3 3.22 0.97 0.3m @ 3.22 g/t
179 180 1 1.02 1.02 1.0m @ 1.02 g/t
RIVERINA RVDD23025
RVDD23025
435
270
-61
222.1
DDH
6706608 264580
131.5 131.8 0.3 1.31 0.39 0.3m @ 1.31 g/t
160.15 160.5 0.35 13.46 4.71 0.4m @ 13.46 g/t
RIVERINA RVDD23026
RVDD23026
RVDD23026
RVDD23026
RVDD23026
RVDD23026
435
268
-64
210.1
DDH
6706608 264583
146 148 2 6.94 13.87 2.0m @ 6.94 g/t
Incl 146 147 1 12.39 12.39 1.0m @ 12.39 g/t
156.15 156.45 0.3 1.24 0.37 0.3m @ 1.24 g/t
175.55 176 0.45 11.35 5.11 0.5m @ 11.35 g/t
189 190.05 1.05 1.73 1.82 1.1m @ 1.73 g/t
Incl 189.33 189.73 0.4 2.38 0.95 0.4m @ 2.38 g/t
RIVERINA RVDD23027A
RVDD23027A
435
265
-72
216.2
DDH
6706574 264562
170.5 174.03 3.53 2.48 8.77 3.5m @ 2.48 g/t
Incl 172.8 174.03 1.23 5.81 7.15 1.2m @ 5.81 g/t
RIVERINA RVDD23028
RVDD23028
RVDD23028
RVDD23028
RVDD23028
439
260
-63
246.3
DDH
6706500 264595
138.6 140 1.4 1.15 1.62 1.4m @ 1.15 g/t
153 154 1 1.86 1.86 1.0m @ 1.86 g/t
165.4 166 0.6 19.57 11.74 0.6m @ 19.57 g/t
196.9 198.68 1.78 1.4 2.49 1.8m @ 1.40 g/t
Incl 197.6 197.9 0.3 2.43 0.73 0.3m @ 2.43 g/t
RIVERINA RVDD23030
RVDD23030
439
273
-61
251.9
DDH
6706461 264599
198.94 199.54 0.6 4.88 2.93 0.6m @ 4.88 g/t
219 219.72 0.72 1.57 1.13 0.7m @ 1.57 g/t

13

Project Hole ID MGA
North
MGA
East
RL Azi Dip End
Depth
Hole
Type
Depth
From
Depth
To
Interval Grade Gram
Metres
Au g/t interval
RIVERINA RDR23007
RDR23007
RDR23007
RDR23007
RDR23007
RDR23007
RDR23007
6706737 264589 333 214
UGD
0
167
0.00 1.00 1.00 2.3 2.3 1.0m @ 2.3 g/t
6.49 7.00 0.51 1.3 0.7 0.5m @ 1.3 g/t
10.00 11.00 1.00 1.0 1.0 1.0m @ 1.0 g/t
30.00 31.00 1.00 1.9 1.9 1.0m @ 1.9 g/t
36.00 37.00 1.00 1.2 1.2 1.0m @ 1.2 g/t
92.75 93.05 0.30 1.7 0.5 0.3m @ 1.7 g/t
134.00 135.00 1.00 5.0 5.0 1.0m @ 5.0 g/t
RIVERINA RDR23008
RDR23008
RDR23008
RDR23008
RDR23008
RDR23008
RDR23008
RDR23008
6706737 264590 332 205
UGD
0
303
1.00 2.00 1.00 1.2 1.2 1.0m @ 1.2 g/t
93.00 95.00 2.00 2.6 5.2 2.0m @ 2.6 g/t
Incl 94.00 95.00 1.00 3.2 3.2 1.0m @ 3.2 g/t
113.00 116.00 3.00 1.4 4.2 3.0m @ 1.4 g/t
122.00 123.00 1.00 2.3 2.3 1.0m @ 2.3 g/t
160.50 161.10 0.60 2.9 1.7 0.6m @ 2.9 g/t
208.00 208.50 0.50 19.2 9.6 0.5m @ 19.2 g/t
226.42 227.93 1.51 37.4 56.5 1.5m @ 37.4 g/t
RIVERINA RDR23008A
RDR23008A
6706737 264590 333 202
UGD
-1
120
58.05 58.80 0.75 1.0 0.8 0.8m @ 1.0 g/t
118.00 119.00 1.00 11.9 11.9 1.0m @ 11.9 g/t
RIVERINA RGC23002
RGC23002
RGC23002
RGC23002
RGC23002
RGC23002
RGC23002
RGC23002
RGC23002
RGC23002
RGC23002
RGC23002
RGC23002
RGC23002
6706741 264588 332 280
UGD
-11
129
0.00 1.00 1.00 1.3 1.3 1.0m @ 1.3 g/t
12.44 13.00 0.56 3.6 2.0 0.6m @ 3.6 g/t
16.62 17.00 0.38 1.4 0.5 0.4m @ 1.4 g/t
22.70 23.81 1.11 4.9 5.5 1.1m @ 4.9 g/t
Incl 23.00 23.81 0.81 6.0 4.9 0.8m @ 6.0 g/t
27.00 29.40 2.40 1.3 3.0 2.4m @ 1.3 g/t
Incl 28.80 29.10 0.30 2.2 0.6 0.3m @ 2.2 g/t
52.00 53.97 1.97 1.2 2.3 2.0m @ 1.2 g/t
66.00 67.00 1.00 1.6 1.6 1.0m @ 1.6 g/t
73.35 74.00 0.65 1.4 0.9 0.7m @ 1.4 g/t
111.00 112.00 1.00 1.1 1.1 1.0m @ 1.1 g/t
114.57 115.83 1.26 18.2 23.0 1.3m @ 18.2 g/t
Incl 114.87 115.83 0.96 23.4 22.4 1.0m @ 23.4 g/t
124.70 125.00 0.30 1.7 0.5 0.3m @ 1.7 g/t

14

Project Hole ID MGA
North
MGA
East
RL Azi Dip End
Depth
Hole
Type
Depth
From
Depth
To
Interval Grade Gram
Metres
Au g/t interval
RIVERINA RGC23003
RGC23003
RGC23003
RGC23003
RGC23003
RGC23003
RGC23003
RGC23003
RGC23003
6706741 264588 332 287
UGD
-9
144
23.00 25.72 2.72 1.1 3.1 2.7m @ 1.1 g/t
Incl 25.42 25.72 0.30 4.2 1.2 0.3m @ 4.2 g/t
30.60 31.61 1.01 1.3 1.3 1.0m @ 1.3 g/t
58.00 58.92 0.92 4.7 4.3 0.9m @ 4.7 g/t
69.00 70.00 1.00 1.1 1.1 1.0m @ 1.1 g/t
85.93 86.23 0.30 1.8 0.5 0.3m @ 1.8 g/t
126.60 128.10 1.50 4.0 5.9 1.5m @ 4.0 g/t
Incl 126.60 127.80 1.20 4.6 5.6 1.2m @ 4.6 g/t
138.07 138.56 0.49 4.0 1.9 0.5m @ 4.0 g/t
RIVERINA RGC23004
RGC23004
RGC23004
RGC23004
RGC23004
RGC23004
RGC23004
RGC23004
RGC23004
RGC23004
RGC23004
RGC23004
RGC23004
RGC23004
6706742 264588 332 298
UGD
-8
171
0.60 1.20 0.60 3.0 1.8 0.6m @ 3.0 g/t
14.60 15.00 0.40 4.5 1.8 0.4m @ 4.5 g/t
24.00 28.90 4.90 2.0 9.8 4.9m @ 2.0 g/t
Incl 24.00 26.24 2.24 3.7 8.2 2.2m @ 3.7 g/t
31.40 31.70 0.30 1.2 0.3 0.3m @ 1.2 g/t
32.00 32.30 0.30 1.1 0.3 0.3m @ 1.1 g/t
35.00 36.00 1.00 1.1 1.1 1.0m @ 1.1 g/t
62.69 68.00 5.31 14.1 75.0 5.3m @ 14.1 g/t
82.80 83.11 0.31 4.0 1.2 0.3m @ 4.0 g/t
96.60 97.30 0.70 9.4 6.6 0.7m @ 9.4 g/t
Incl 97.00 97.30 0.30 19.6 5.9 0.3m @ 19.6 g/t
148.80 150.00 1.20 9.8 11.7 1.2m @ 9.8 g/t
154.40 154.70 0.30 1.7 0.5 0.3m @ 1.7 g/t
159.43 160.06 0.63 6.2 3.9 0.6m @ 6.2 g/t
RIVERINA RGC23005
RGC23005
RGC23005
RGC23005
RGC23005
RGC23005
RGC23005
RGC23005
RGC23005
RGC23005
6706742 264588 332 304
UGD
-8
189
15.00 16.00 1.00 1.6 1.6 1.0m @ 1.6 g/t
20.30 21.00 0.70 1.2 0.8 0.7m @ 1.2 g/t
27.00 27.70 0.70 2.6 1.8 0.7m @ 2.6 g/t
70.90 71.29 0.39 4.2 1.6 0.4m @ 4.2 g/t
94.00 95.30 1.30 4.4 5.8 1.3m @ 4.4 g/t
Incl 94.64 95.30 0.66 7.4 4.9 0.7m @ 7.4 g/t
104.00 105.00 1.00 4.3 4.3 1.0m @ 4.3 g/t
165.49 167.00 1.51 35.2 53.1 1.5m @ 35.2 g/t
170.00 171.00 1.00 3.1 3.1 1.0m @ 3.1 g/t
178.00 179.22 1.22 1.3 1.6 1.2m @ 1.3 g/t
RIVERINA RGC23006
RGC23006
RGC23006
RGC23006
RGC23006
RGC23006
RGC23006
RGC23006
RGC23006
RGC23006
RGC23006
RGC23006
RGC23006
6706742 264588 332 308
UGD
-7
201
16.00 17.00 1.00 2.0 2.0 1.0m @ 2.0 g/t
25.00 26.00 1.00 1.5 1.5 1.0m @ 1.5 g/t
30.72 31.03 0.31 1.2 0.4 0.3m @ 1.2 g/t
33.00 34.00 1.00 1.6 1.6 1.0m @ 1.6 g/t
38.15 39.00 0.85 2.7 2.3 0.9m @ 2.7 g/t
99.08 99.40 0.32 20.5 6.6 0.3m @ 20.5 g/t
108.00 108.32 0.32 1.2 0.4 0.3m @ 1.2 g/t
111.00 114.00 3.00 1.6 4.8 3.0m @ 1.6 g/t
Incl 111.00 111.50 0.50 6.1 3.1 0.5m @ 6.1 g/t
135.00 136.00 1.00 1.2 1.2 1.0m @ 1.2 g/t
174.00 175.00 1.00 1.2 1.2 1.0m @ 1.2 g/t
181.95 183.30 1.35 1.3 1.8 1.4m @ 1.3 g/t
Incl 181.95 182.50 0.55 2.0 1.1 0.6m @ 2.0 g/t

15

Project Hole ID MGA
North
MGA
East
RL Azi Dip End
Depth
Hole
Type
Depth
From
Depth
To
Interval Grade Gram
Metres
Au g/t interval
RIVERINA RGC23009
RGC23009
RGC23009
RGC23009
RGC23009
RGC23009
RGC23009
6707017 264594 341 224
UGD
-4
174
61.41 61.61 0.20 2.7 0.5 0.2m @ 2.7 g/t
62.36 62.91 0.55 1.5 0.8 0.6m @ 1.5 g/t
64.53 64.73 0.20 3.3 0.7 0.2m @ 3.3 g/t
91.20 99.00 7.80 3.5 27.5 7.8m @ 3.5 g/t
134.50 135.60 1.10 4.9 5.4 1.1m @ 4.9 g/t
145.10 146.50 1.40 2.0 2.7 1.4m @ 2.0 g/t
Incl 145.70 146.50 0.80 2.0 1.6 0.8m @ 2.0 g/t
RIVERINA RGC23010
RGC23010
RGC23010
RGC23010
RGC23010
RGC23010
RGC23010
RGC23010
RGC23010
6707017 264595 341 230
UGD
-1
141
59.56 60.50 0.94 6.4 6.0 0.9m @ 6.4 g/t
Incl 59.56 59.98 0.42 12.6 5.3 0.4m @ 12.6 g/t
81.00 90.85 9.85 3.1 30.9 9.9m @ 3.1 g/t
Incl 81.00 84.41 3.41 3.6 12.3 3.4m @ 3.6 g/t
Incl 86.74 90.85 4.11 4.1 16.9 4.1m @ 4.1 g/t
104.00 105.00 1.00 1.5 1.5 1.0m @ 1.5 g/t
125.00 126.00 1.00 1.0 1.0 1.0m @ 1.0 g/t
129.00 130.00 1.00 1.0 1.0 1.0m @ 1.0 g/t
134.37 135.04 0.67 11.4 7.6 0.7m @ 11.4 g/t
RIVERINA RGC23011
RGC23011
RGC23011
RGC23011
RGC23011
RGC23011
6707017 264595 341 248
UGD
-2
126
70.91 71.80 0.89 3.1 2.7 0.9m @ 3.1 g/t
77.40 78.00 0.60 9.7 5.8 0.6m @ 9.7 g/t
83.00 84.00 1.00 1.0 1.0 1.0m @ 1.0 g/t
87.85 88.15 0.30 8.7 2.6 0.3m @ 8.7 g/t
106.35 110.00 3.65 3.4 12.4 3.7m @ 3.4 g/t
116.25 116.55 0.30 10.1 3.0 0.3m @ 10.1 g/t
RIVERINA RGC23012
RGC23012
RGC23012
RGC23012
RGC23012
RGC23012
RGC23012
RGC23012
RGC23012
RGC23012
6707017 264595 341 261
UGD
-2
123
50.10 50.45 0.35 2.8 1.0 0.4m @ 2.8 g/t
66.10 66.40 0.30 1.1 0.3 0.3m @ 1.1 g/t
73.75 74.35 0.60 7.5 4.5 0.6m @ 7.5 g/t
85.12 85.59 0.47 5.9 2.8 0.5m @ 5.9 g/t
96.67 97.50 0.83 4.3 3.6 0.8m @ 4.3 g/t
100.00 102.00 2.00 1.9 3.8 2.0m @ 1.9 g/t
Incl 101.00 102.00 1.00 2.4 2.4 1.0m @ 2.4 g/t
107.92 111.00 3.08 1.1 3.4 3.1m @ 1.1 g/t
Incl 107.92 108.29 0.37 5.0 1.8 0.4m @ 5.0 g/t
121.00 122.00 1.00 1.1 1.1 1.0m @ 1.1 g/t
RIVERINA RGC23013
RGC23013
RGC23013
RGC23013
RGC23013
RGC23013
RGC23013
RGC23013
RGC23013
RGC23013
RGC23013
6707018 264595 341 287
UGD
0
126
53.83 57.00 3.17 1.6 4.9 3.2m @ 1.6 g/t
Incl 53.83 55.55 1.72 2.1 3.7 1.7m @ 2.1 g/t
67.00 69.00 2.00 2.5 5.0 2.0m @ 2.5 g/t
Incl 68.00 68.30 0.30 8.4 2.5 0.3m @ 8.4 g/t
76.81 77.50 0.69 13.9 9.6 0.7m @ 13.9 g/t
89.47 89.77 0.30 2.5 0.8 0.3m @ 2.5 g/t
98.43 98.89 0.46 1.3 0.6 0.5m @ 1.3 g/t
106.00 111.15 5.15 1.2 6.4 5.2m @ 1.2 g/t
Incl 106.00 107.00 1.00 2.5 2.5 1.0m @ 2.5 g/t
Incl 108.00 109.00 1.00 2.2 2.2 1.0m @ 2.2 g/t
Incl 110.85 111.15 0.30 4.5 1.3 0.3m @ 4.5 g/t
RIVERINA RGC23014
RGC23014
6706983 264596 337 224
UGD
-2
72
54.12 60.89 6.77 2.9 19.8 6.8m @ 2.9 g/t
Incl 57.48 60.89 3.41 5.0 17.1 3.4m @ 5.0 g/t

16

Project Hole ID MGA
North
MGA
East
RL Azi Dip End
Depth
Hole
Type
Depth
From
Depth
To
Interval Grade Gram
Metres
Au g/t interval
RIVERINA RGC23019
RGC23019
RGC23019
RGC23019
RGC23019
RGC23019
RGC23019
RGC23019
RGC23019
RGC23019
RGC23019
6706984 264596 336 251
UGD
-13
123
48.52 49.65 1.13 6.7 7.5 1.1m @ 6.7 g/t
Incl 49.35 49.65 0.30 22.5 6.8 0.3m @ 22.5 g/t
68.00 69.00 1.00 4.9 4.9 1.0m @ 4.9 g/t
71.20 74.20 3.00 2.3 6.9 3.0m @ 2.3 g/t
Incl 71.20 72.51 1.31 3.8 5.0 1.3m @ 3.8 g/t
87.00 89.30 2.30 1.0 2.4 2.3m @ 1.0 g/t
Incl 89.00 89.30 0.30 2.5 0.7 0.3m @ 2.5 g/t
104.65 105.80 1.15 2.0 2.3 1.2m @ 2.0 g/t
108.00 109.00 1.00 1.3 1.3 1.0m @ 1.3 g/t
112.73 113.41 0.68 12.0 8.2 0.7m @ 12.0 g/t
Incl 112.73 113.07 0.34 22.3 7.6 0.3m @ 22.3 g/t
RIVERINA RGC23020
RGC23020
RGC23020
RGC23020
RGC23020
RGC23020
RGC23020
RGC23020
RGC23020
6706983 264596 336 237
UGD
-12
135
49.00 49.50 0.50 1.0 0.5 0.5m @ 1.0 g/t
52.00 55.00 3.00 3.1 9.3 3.0m @ 3.1 g/t
Incl 52.00 53.60 1.60 4.6 7.3 1.6m @ 4.6 g/t
77.58 83.70 6.12 4.0 24.4 6.1m @ 4.0 g/t
100.00 101.00 1.00 1.8 1.8 1.0m @ 1.8 g/t
116.60 117.20 0.60 4.2 2.5 0.6m @ 4.2 g/t
Incl 116.90 117.20 0.30 6.4 1.9 0.3m @ 6.4 g/t
124.50 125.50 1.00 3.9 3.9 1.0m @ 3.9 g/t
Incl 124.50 125.00 0.50 6.5 3.3 0.5m @ 6.5 g/t
RIVERINA RGC23021
RGC23021
RGC23021
6706983 264596 336 207
UGD
-3
153
82.00 84.00 2.00 1.2 2.4 2.0m @ 1.2 g/t
115.00 118.00 3.00 2.3 7.0 3.0m @ 2.3 g/t
148.00 149.00 1.00 1.3 1.3 1.0m @ 1.3 g/t
RIVERINA RGC23023
RGC23023
RGC23023
RGC23023
RGC23023
RGC23023
RGC23023
RGC23023
RGC23023
RGC23023
RGC23023
RGC23023
RGC23023
6706738 264589 332 233
UGD
-21
150
31.00 37.84 6.84 1.2 8.0 6.8m @ 1.2 g/t
Incl 31.00 31.85 0.85 2.6 2.2 0.9m @ 2.6 g/t
Incl 34.50 34.90 0.40 3.6 1.4 0.4m @ 3.6 g/t
57.20 57.70 0.50 3.2 1.6 0.5m @ 3.2 g/t
62.69 64.79 2.10 2.0 4.1 2.1m @ 2.0 g/t
Incl 63.96 64.79 0.83 3.8 3.1 0.8m @ 3.8 g/t
76.00 77.00 1.00 4.5 4.5 1.0m @ 4.5 g/t
80.00 82.00 2.00 1.8 3.6 2.0m @ 1.8 g/t
Incl 80.00 81.00 1.00 2.3 2.3 1.0m @ 2.3 g/t
90.31 90.70 0.39 15.3 6.0 0.4m @ 15.3 g/t
99.00 101.00 2.00 1.4 2.8 2.0m @ 1.4 g/t
119.20 122.12 2.92 2.9 8.6 2.9m @ 2.9 g/t
131.47 133.35 1.88 11.8 22.2 1.9m @ 11.8 g/t
RIVERINA RGC23024
RGC23024
RGC23024
RGC23024
RGC23024
RGC23024
RGC23024
RGC23024
RGC23024
6706738 264589 332 248
UGD
-23
135
29.00 33.67 4.67 1.2 5.6 4.7m @ 1.2 g/t
Incl 33.00 33.30 0.30 2.2 0.7 0.3m @ 2.2 g/t
41.00 42.00 1.00 1.8 1.8 1.0m @ 1.8 g/t
52.00 52.50 0.50 3.3 1.6 0.5m @ 3.3 g/t
55.00 55.80 0.80 1.1 0.9 0.8m @ 1.1 g/t
112.00 112.44 0.44 12.0 5.3 0.4m @ 12.0 g/t
123.00 126.00 3.00 1.9 5.7 3.0m @ 1.9 g/t
Incl 123.00 123.70 0.70 3.0 2.1 0.7m @ 3.0 g/t
Incl 125.50 126.00 0.50 6.4 3.2 0.5m @ 6.4 g/t

17

Project Hole ID MGA
North
MGA
East
RL Azi Dip End
Depth
Hole
Type
Depth
From
Depth
To
Interval Grade Gram
Metres
Au g/t interval
RIVERINA RGC23025
RGC23025
RGC23025
RGC23025
RGC23025
RGC23025
RGC23025
RGC23025
RGC23025
RGC23025
RGC23025
6706740 264588 332 263
UGD
-22
129
16.83 17.20 0.37 1.7 0.6 0.4m @ 1.7 g/t
23.00 23.50 0.50 1.8 0.9 0.5m @ 1.8 g/t
28.40 32.05 3.65 1.1 4.1 3.7m @ 1.1 g/t
Incl 28.80 29.10 0.30 2.6 0.8 0.3m @ 2.6 g/t
Incl 31.75 32.05 0.30 2.6 0.8 0.3m @ 2.6 g/t
51.37 52.80 1.43 1.6 2.3 1.4m @ 1.6 g/t
Incl 52.00 52.36 0.36 2.4 0.9 0.4m @ 2.4 g/t
57.00 57.70 0.70 3.1 2.2 0.7m @ 3.1 g/t
71.60 71.90 0.30 2.8 0.8 0.3m @ 2.8 g/t
110.37 111.00 0.63 18.3 11.5 0.6m @ 18.3 g/t
121.70 122.30 0.60 3.8 2.3 0.6m @ 3.8 g/t
RIVERINA RGC23026
RGC23026
RGC23026
RGC23026
RGC23026
RGC23026
RGC23026
RGC23026
RGC23026
RGC23026
RGC23026
RGC23026
RGC23026
RGC23026
6706740 264588 332 276
UGD
-20
135
22.00 23.40 1.40 1.9 2.7 1.4m @ 1.9 g/t
Incl 23.00 23.40 0.40 2.2 0.9 0.4m @ 2.2 g/t
25.45 30.50 5.05 1.5 7.5 5.1m @ 1.5 g/t
Incl 27.00 27.50 0.50 2.0 1.0 0.5m @ 2.0 g/t
Incl 29.00 30.50 1.50 2.1 3.2 1.5m @ 2.1 g/t
54.61 57.75 3.14 1.4 4.4 3.1m @ 1.4 g/t
Incl 55.31 55.91 0.60 3.2 1.9 0.6m @ 3.2 g/t
Incl 57.15 57.45 0.30 3.5 1.1 0.3m @ 3.5 g/t
79.00 80.00 1.00 1.4 1.4 1.0m @ 1.4 g/t
82.00 83.00 1.00 1.4 1.4 1.0m @ 1.4 g/t
118.93 119.62 0.69 50.9 35.1 0.7m @ 50.9 g/t
127.00 129.20 2.20 1.8 4.0 2.2m @ 1.8 g/t
Incl 127.00 128.00 1.00 2.5 2.5 1.0m @ 2.5 g/t
133.00 134.00 1.00 2.6 2.6 1.0m @ 2.6 g/t
RIVERINA RGC23027
RGC23027
RGC23027
RGC23027
RGC23027
RGC23027
RGC23027
RGC23027
RGC23027
RGC23027
RGC23027
RGC23027
RGC23027
RGC23027
RGC23027
RGC23027
6706742 264588 332 288
UGD
-19
159
17.35 20.00 2.65 2.1 5.7 2.7m @ 2.1 g/t
Incl 19.00 20.00 1.00 4.0 4.0 1.0m @ 4.0 g/t
24.80 30.00 5.20 1.3 6.7 5.2m @ 1.3 g/t
Incl 24.80 25.63 0.83 3.0 2.5 0.8m @ 3.0 g/t
Incl 29.00 30.00 1.00 2.2 2.2 1.0m @ 2.2 g/t
32.58 33.00 0.42 1.3 0.5 0.4m @ 1.3 g/t
58.60 62.97 4.37 4.8 21.1 4.4m @ 4.8 g/t
Incl 59.45 62.97 3.52 5.8 20.5 3.5m @ 5.8 g/t
71.30 71.60 0.30 9.7 2.9 0.3m @ 9.7 g/t
79.90 81.00 1.10 3.3 3.6 1.1m @ 3.3 g/t
89.50 93.00 3.50 1.9 6.7 3.5m @ 1.9 g/t
Incl 92.00 93.00 1.00 5.3 5.3 1.0m @ 5.3 g/t
138.82 140.00 1.18 4.2 5.0 1.2m @ 4.2 g/t
Incl 138.82 139.12 0.30 14.4 4.3 0.3m @ 14.4 g/t
147.86 152.00 4.14 2.4 10.1 4.1m @ 2.4 g/t
Incl 147.86 149.95 2.09 3.6 7.6 2.1m @ 3.6 g/t

18

Project Hole ID MGA
North
MGA
East
RL Azi Dip End
Depth
Hole
Type
Depth
From
Depth
To
Interval Grade Gram
Metres
Au g/t interval
RIVERINA RGC23029
RGC23029
RGC23029
RGC23029
RGC23029
RGC23029
RGC23029
RGC23029
RGC23029
RGC23029
RGC23029
RGC23029
RGC23029
RGC23029
RGC23029
RGC23029
RGC23029
6706742 264589 332 303
UGD
-14
189
1.01 1.63 0.62 1.5 0.9 0.6m @ 1.5 g/t
26.32 30.17 3.85 1.2 4.6 3.9m @ 1.2 g/t
Incl 28.21 29.00 0.79 2.0 1.6 0.8m @ 2.0 g/t
Incl 29.70 30.17 0.47 2.2 1.0 0.5m @ 2.2 g/t
40.00 41.00 1.00 1.5 1.5 1.0m @ 1.5 g/t
88.64 89.88 1.24 4.0 5.0 1.2m @ 4.0 g/t
Incl 88.64 89.00 0.36 11.3 4.1 0.4m @ 11.3 g/t
93.25 95.00 1.75 5.8 10.2 1.8m @ 5.8 g/t
Incl 93.56 95.00 1.44 6.7 9.7 1.4m @ 6.7 g/t
102.13 102.43 0.30 3.0 0.9 0.3m @ 3.0 g/t
113.00 114.00 1.00 1.6 1.6 1.0m @ 1.6 g/t
162.69 164.00 1.31 13.9 18.1 1.3m @ 13.9 g/t
166.77 168.00 1.23 1.8 2.2 1.2m @ 1.8 g/t
Incl 166.77 167.27 0.50 2.5 1.2 0.5m @ 2.5 g/t
Incl 167.70 168.00 0.30 2.0 0.6 0.3m @ 2.0 g/t
171.92 172.40 0.48 2.8 1.3 0.5m @ 2.8 g/t
175.39 176.04 0.65 3.5 2.3 0.7m @ 3.5 g/t
RIVERINA RGC23036
RGC23036
RGC23036
RGC23036
RGC23036
RGC23036
RGC23036
RGC23036
RGC23036
RGC23036
6706742 264589 332 287
UGD
-38
114
1.34 1.65 0.31 1.6 0.5 0.3m @ 1.6 g/t
27.13 31.50 4.37 1.2 5.4 4.4m @ 1.2 g/t
Incl 27.13 27.73 0.60 2.5 1.5 0.6m @ 2.5 g/t
Incl 29.70 30.00 0.30 3.2 1.0 0.3m @ 3.2 g/t
37.50 38.15 0.65 4.3 2.8 0.7m @ 4.3 g/t
53.00 54.00 1.00 1.2 1.2 1.0m @ 1.2 g/t
89.00 90.00 1.00 2.1 2.1 1.0m @ 2.1 g/t
93.40 96.00 2.60 2.2 5.6 2.6m @ 2.2 g/t
Incl 93.40 94.60 1.20 2.6 3.1 1.2m @ 2.6 g/t
99.90 100.27 0.37 2.3 0.8 0.4m @ 2.3 g/t
RIVERINA RGC23037
RGC23037
RGC23037
RGC23037
RGC23037
RGC23037
RGC23037
RGC23037
RGC23037
RGC23037
6706742 264589 332 295
UGD
-27
108
1.00 1.54 0.54 1.1 0.6 0.5m @ 1.1 g/t
26.00 36.00 10.00 1.9 19.3 10.0m @ 1.9 g/t
Incl 26.00 29.20 3.20 3.5 11.1 3.2m @ 3.5 g/t
Incl 32.62 33.00 0.38 4.6 1.8 0.4m @ 4.6 g/t
Incl 35.00 36.00 1.00 3.0 3.0 1.0m @ 3.0 g/t
43.00 47.00 4.00 6.4 25.7 4.0m @ 6.4 g/t
65.00 67.05 2.05 1.4 2.8 2.1m @ 1.4 g/t
86.50 94.00 7.50 3.2 23.9 7.5m @ 3.2 g/t
Incl 87.00 89.00 2.00 2.4 4.8 2.0m @ 2.4 g/t
Incl 91.84 94.00 2.16 7.7 16.6 2.2m @ 7.7 g/t

19

ASX ANNOUNCEMENT

28 November 2023

==> picture [166 x 88] intentionally omitted <==

ASX Announcement (ASX: OBM) Appendix 3: JORC Tables

JORC Code, 2012 Edition – Table 1 report template

Section 1 Sampling Techniques and Data - Riverina

Information for historical (Pre Ora Banda Mining Limited from 1996 and 2001) drilling and sampling has been extensively viewed and validated where possible. Information pertaining to historical QAQC procedures and data is incomplete but of a sufficient quality and detail to allow drilling and assay data to be used for resource estimations. Further Ora Banda Mining Limited has undertaken extensive infill and confirmation drilling which confirms historical drill results. Sections 1 and 2 describe the work undertaken by Ora Banda Mining Limited and only refer to historical information where appropriate and/or available.

Criteria JORC Code explanation Commentary
Sampling
techniques

Nature and quality of sampling (eg cut
channels, random chips, or specific
specialised industry standard
measurement tools appropriate to the
minerals under investigation, such as
down hole gamma sondes, or handheld
XRF instruments, etc). These examples
should not be taken as limiting the broad
meaning of sampling.

Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any
measurement tools or systems used.

Aspects of the determination of
mineralisation that are Material to the
Public Report.

In cases where ‘industry standard’ work
has been done this would be relatively
simple (eg‘reverse circulation drilling

Croesus Mining N.L; All samples were dried, crushed and split to obtain a sample less than 3.5kg, and finely
pulverised prior to a 50gm charge being collected for analysis by fire assay.

Monarch Gold Mining Company Ltd; Industry standard work. RC samples collected and sent to certified laboratories
for crushing, pulverising and assay by fire assay (RC) and aqua regia (RAB).

Pancontinental Mining Ltd; Samples (>2kg) were crushed to 1mm, 1kg split taken and pulverised to 90% minus 20
mesh from which a 50gm aliquot was taken for assay by aqua regia or fire assay.

Consolidated Gold N.L/DPPL (Davyhurst Project PTY. LTD.); Industry standard work, RAB samples crushed, pulverised
and a 50g charge taken for fire assay. 200gm soil samples oven dried, and pulverised, 50g charge taken for aqua
regia assay.

Riverina Resources Pty Ltd; Industry standard work. RAB samples taken every metre, composited to 4m using a
spear. Samples crushed, pulverised and 50g charge taken for fire assay. RC four metre composite samples were
collected using a sample spear. RC and diamond samples crushed, pulverised and 50g charge taken for fire assay
and/or 4 acid digest. Any gold anomalous 4m composite samples were re-sampled over 1m intervals using a riffle
splitter and also sent to Kalgoorlie Assay Laboratory for gold analysis by 50g fire assay.

Barra Resources Ltd; Industry standard work. The entirety of each hole was sampled. Each RC and RAB hole was
initially sampled by 4m composites using a spear or scoop. To obtain a representative sample, the entire 1m
sample was split using a riffle splitter into a calico bag. Whole diamond core samples for ore zones were sampled.
Entire samples were pulverised before splitting and a 50g charge taken for fire assay.

20

was used to obtain 1 m samples from
which 3 kg was pulverised to produce a
30 g charge for fire assay’). In other cases
more explanation may be required, such
as where there is coarse gold that has
inherent sampling problems. Unusual
commodities or mineralisation types (eg
submarine nodules) may warrant
disclosure of detailed information.

Greater Pacific Gold; Core sampling method unknown, assumed to be cut half core. RC sampling method unknown.
Analysis method unknown. However, work completed by accredited laboratories, Analabs and Genalysis.

Carpentaria Exploration Company Pty Ltd; Samples were collected over 1m intervals. 1m, 2m and 4m composite
samples taken depending on the rock type. Composite samples were collected using a sample spear. About 2kg
samples were despatched for analysis. Samples crushed, pulverised and a 50g charge taken for fire assay.

Malanti Pty Ltd; Industry standard work. 1m samples were collected via a cyclone and passed through a triple
splitter giving a 12.5% split of about 2kg. A trowel was used to scoop the samples for composites over 4m and 6m
intervals. Samples for assay were then taken with composite intervals based on geology. Many of the single splits
were selected for assay in the first instance. Samples packed in poly weave bags were freighted for analysis.
Sample crushed, pulverised and a 50g charge taken for fire assay.

Riverina Gold Mines NL; Industry standard work, Composited RAB and 1m RC samples assayed by laboratory.
Samples crushed, pulverised and a 50g charge taken for aqua regia analysis.

Riverina Gold NL; RAB samples were bulked at 2m intervals. RC holes were sampled at 1m intervals. Diamond core
samples were taken at geological boundaries, sample method unknown. All samples crushed, pulverised and a
charge taken for fire assay (Au) and perchloric acid digest/AAS for other elements.

Ora Banda Mining Limited (OBM) - 1m RC samples using face sampling hammer with samples collected under cone
splitter. 4m composite RC samples collected using a PVC spear from the sample piles at the drill site. For drilling
up to April 2020, RC samples were dispatched for pulverising and 50g charge Fire Assay. For drillholes RVRC20036 to
RVRC20104 inclusive, 1m and 4m composite samples were dispatched to the lab, crushed to a nominal 3mm, split
to 500 grams and analysed by Photon Assay method at MinAnalytical in Kalgoorlie. 4m composite samples with gold
values greater than 0.2 g/t Au were re-sampled as 1m split samples and submitted to the lab for Photon Assay
analysis. Half-core samples, cut by automated core saw. Core sample intervals selected by geologist and defined
by geological boundaries. Samples are crushed, pulverized and a 40g charge is analysed by Fire Assay. For all
drilling in 2022, - 1m RC samples using face sampling hammer with samples collected under cone splitter. 4m
composite RC samples were taken outside of mineralised zone, collected using a scoop from the sample piles at
the drill site. 1m cone spilt samples were taken within the expected mineralised zones. Core sample intervals
selected by geologist and defined by geological boundaries. All samples were dispatched to the SGS laboratory at
the Davyhurst site for pulverising. Prepared samples were then despatched to SGS laboratories in Kalgoorlie for a
50g charge Fire Assay.
Drilling
techniques

Drill type (eg core, reverse circulation,
open-hole hammer, rotary air blast,
auger, Bangka, sonic, etc) and details (eg
core diameter, triple or standard tube,
depth of diamond tails, face-sampling bit
or other type, whether core is oriented
and if so, by what method, etc).

Croesus Mining N.L; Auger samples were drilled by Prodrill Pty Ltd using Toyota mounted auger rig. RAB holes were
drilled by either Kennedy, or Arronika or Challenge Drilling of Kalgoorlie. Challenge drilling employed a custom
built RAB/AC rig. RC holes were drilled by Ausdrill Pty Ltd and diamond holes were drilled by Sandersons. Core was
oriented.

Monarch Gold Mining Company Ltd; Aircore and RAB holes were drilled by Challenge Drilling. All RC holes were
drilled by Kennedy Drilling Contractors with 51/2” hammer.

Pancontinental Mining Ltd; Drilling was undertaken by Davies Drilling of Kalgoorlie using a Schramn T64 rig.

Consolidated Gold N.L/DPPL; Auger samples were collected using a power auger fitted to a 4WD vehicle. RAB drilling
was undertaken by Bostech Drilling Pty Ltd.

Riverina Resources Pty Ltd; RC holes drilled with 51/4” hammer. Unknown diamond core diameter.

Barra Resources Ltd; Holes were drilled by Resource Drilling Pty Ltd using a Schramm 450 drill rig.

Greater Pacific Gold; Schramm RC Rigwith face samplinghammer, 51/8” diameter. NQ core, Edson Rig

21


Carpentaria Exploration Company Pty Ltd; RC drilling by Robinson contractors. Face sampling hammer used.

Malanti Pty Ltd; Holes were drilled by Redmond Drilling of Kalgoorlie using a truck mounted Schramm rig with a
compressor rated at 900 cfm 350 psi.

Riverina Gold Mines NL; Vacuum holes were drilled by G & B Drilling using a Toyota Landcruiser mounted Edsom
vacuum rig fitted with a 2 inch (5.08cm) diameter blade. RAB holes were drilled by PJ and RM Kennedy using a
Hydro RAB 50 drill rig mounted on a 4 wheel Hino truck with 600 cfm/200 PSI air capacity. A 51/4 inch hammer and
blade were used. RC holes were drilled by either Civil Resources Ltd using an Ingersoll Rand T4W heavy duty
percussion rig fitted with a 900 cfm at 350 PSI air compressor and a 51/4 inch (13,34cm diameter) RC hollow
hammer or by Swick Drilling using an Ingersoll Rand TH 60 reverse circulation drill rig with 750 cfm/350 PSI air
capacity and a 51/4 inch RC hollow hammer or by B. Stockwell of Murray Black’s Spec Mining Services using a rig
mounted on an 8 x 4 Mercedes.

Riverina Gold NL; RC hole were drilled by Green Drilling using Schramm T66 rig. Diamond holes were drilled by
Longyear. Diamond holes were sometimes drilled with a RC pre-collar, HQ core and a NQ2 core drilled.

OBM – 5.25 to 5.5 inch diameter RC holes using face sampling hammer with samples collected under cone splitter.
HQ and HQ3 coring to approx. 40m, then NQ2 to BOH. Metallurgical and geotechnical core holes drilled using HQ3
exclusively. All core oriented by reflex instrument. All core drilled in 2022 was orientated by Axis instrument. UG
grade control diamond drilling, NQ diameter.
Drill sample
recovery

Method of recording and assessing core
and chip sample recoveries and results
assessed.

Measures taken to maximise sample
recovery and ensure representative
nature of the samples.

Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential loss/gain of fine/coarse
material.

Auger, RAB and RC drill recoveries were not recoded by Croesus Mining N.L, Monarch Gold Mining Company Ltd,
Pancontinental Mining Ltd, Consolidated Gold N.L/DPPL, Riverina Resources Pty Ltd, Barra Resources Ltd,
Carpentaria Exploration Company Pty Ltd, Malanti Pty Ltd, Riverina Gold Mines NL or Riverina Gold Mines NL.
However Monarch, in a Riverina resource report state that “Good recoveries for RMRC series RC drilling were
observed. Minor water was encountered in 27 of the RMRC series drill holes”

Diamond Core recoveries are very high due to the competent ground. Any core recovery issues are noted on core
blocks and logged.

OBM - Diamond drill recoveries are recorded as a percentage calculated from measured core against downhole
drilled intervals (core blocks).

There is no known relationship between sample recovery and grade.
Logging
Whether core and chip samples have
been geologically and geotechnically
logged to a level of detail to support
appropriate Mineral Resource
estimation, mining studies and
metallurgical studies.

Whether logging is qualitative or
quantitative in nature. Core (or costean,
channel, etc) photography.

The total length and percentage of the
relevant intersections logged.

Croesus Mining N.L; RAB drill logs were recorded both on paper and later electronically by a Casiopia datalogger.
Diamond core was geologically, geotechnically and magnetic susceptibility logged. Qualitative: alteration, colour,
contact, grainsize, joint, matrix, texture, rocktype, mineral, structure, sulphide, percent sulphide, vein type,
percent vein, weathering. Quantitative; percent sulphide, percent vein. Diamond core was photographed.

Monarch Gold Mining Company Ltd; Qualitative: lithology, mineralisation code, alteration, vein code, sulphide
code. Quantitative; percent mineralisation, alteration intensity, percent vein, percent sulphide.

Pancontinental Mining Ltd; All drill data was recorded on computer forms and the lithological descriptions were
produced by Control Data’ Bordata program. Qualitative: colour, weathering, minerals, grainsize, rock, structure,
alteration. Quantitative: alteration intensity.

Consolidated Gold N.L/DPPL; Holes were logged at 1m intervals using a standard logging sheet directly onto a
palmtop logger. Qualitative: colour, weathering, minerals, grainsize, rock, structure, alteration. Quantitative:
alteration intensity.

22


Riverina Resources Pty Ltd; Qualitative: lithology, minerals, oxidation, colour, grain, texture, texture intensity,
alteration, sulphide, comments. Quantitative: alteration intensity, percent sulphide, percent quartz veins.

Barra Resources Ltd; Each meter from all RC drill holes was washed, sieved and collected in chip trays and stored
at the Barminco First Hit Mine office. These rock chips were geologically logged using the Barminco Pty Ltd
geological logging codes. This data was manually recorded on logging sheets or captured digitally using a HP
Jornada hand held computer utilising the Micromine Field Marshall program and entered into a digital database at
the Barminco First Hit Mine office. Each diamond drill holes was recovered according to the driller’s core blocks
and metre marked. The core was logged to the centimetre, and samples were marked up accordingly. The core
was geologically logged using the Barminco Pty Ltd geological logging codes. This data was manually recorded on
logging sheets in the field and entered into a digital database at the Barminco First Hit Mine office. Qualitative:
qualifier, lithology, mineralisation, alteration, grain size, texture, colour, oxidation. Quantitative; percentage of
quartz and sulphide. Core was photographed.

Greater Pacific Gold; Qualitative logging of lithology, oxidation, alteration and veining.

Carpentaria Exploration Company Pty Ltd; Qualitative: description. Quantitative; percent oxidation, percent quartz,
percent pyrite.

Malanti Pty Ltd; Qualitative: description. Quantitative; percent quartz. Logged on a metre basis.

Riverina Gold Mines NL; Qualitative for Vacuum holes: colour, grain size, alteration minerals, rock type, structure,
vein type, sulphides, oxidation and comments. Quantitative for Vacuum holes; percent veins, percent sulphides.
Qualitative for RAB holes and RC holes from RV110 to RV295: colour, grain size, alteration minerals, rock type,
fabric, vein type, sulphides, oxidation and comments. Quantitative RAB holes and RC holes from RV110 to RV295;
percent veins, percent sulphides. Qualitative for RC holes from RV296 to RV350: geology, oxidation, colour and
description. Quantitative for RC holes from RV296 to RV350; percent quartz.

Riverina Gold NL; Qualitative: RQD, lithology, mineralisation, alteration, weathering, veining, fracturing.
Quantitative: percent quartz.

OBM - Field logging was conducted using Geobank MobileTMsoftware on Panasonic Toughbook CF-31 ruggedized
laptop computers. Qualitative logging: Lithology, colour, oxidation, grainsize, texture, structure, hardness, regolith.
Quantitative: estimates are made of quartz veining, sulphide and alteration percentages. Core photographed both
wet and dry. Magnetic susceptibility and RQD were also recorded for core holes.

All holes were geologically logged in their entirety to a level of detail to support mineral resource estimation.
Sub-
sampling
techniques
and sample
preparation

If core, whether cut or sawn and whether
quarter, half or all core taken.

If non-core, whether riffled, tube
sampled, rotary split, etc and whether
sampled wet or dry.

For all sample types, the nature, quality
and appropriateness of the sample
preparation technique.

Quality control procedures adopted for
all sub-sampling stages to maximise
representivity of samples.

Croesus Mining N.L; Auger samples were taken from an average depth of 1.5m to 2m. RAB and Aircore samples
were collected in buckets below a free standing cyclone and laid out at 1m intervals in rows of tens adjacent to the
drill collar. Composite analytical samples (~3.5kg) were initially collected over 5m intervals for each hole and a 1m
bottom of hole analytical sample. Analytical composite samples were formed by taking a representative scoop
through each 1m drill sample. RC drill samples were collected in large plastic retention bags below a freestanding
cyclone at 1m intervals, with analytical samples initially formed by composite sampling over 5m intervals. Where
samples were dry, analytical composites were formed by spear sampling, using a 50mm diameter plastic pipe
pushed through the drill cuttings in the sample retention bag to the base of the bag. The pipe is removed carefully
with the contents of the pipe containing a representation of the retained metre. Wet RC drill samples where
thoroughly mixed in the sample retention bag and ‘scoop’ sampled to form a 5m composite sample. HQ diamond
core was cut into halves and sampled on geological boundaries, to a minimum of 20cm samples or on a metre
basis on site. The diamond core was cut usinga diamond saw, with half core beingsubmitted to the laboratory for

23


Measures taken to ensure that the
sampling is representative of the in situ
material collected, including for instance
results for field duplicate/second-half
sampling.

Whether sample sizes are appropriate to
the grain size of the material being
sampled.
analysis and the other stored. Field samples were taken for RAB, RC and diamond core samples at a rate of 1 in 20.
Composite analytical samples returning values greater than 0.1 g/t Au were re-sampled at 1m intervals.

Monarch Gold Mining Company Ltd; Drill hole samples were collected at 4m and 3m composite intervals. All
samples at ALS Kalgoorlie were sorted, dried, split via a riffle splitter using the standard splitting procedure
laboratory Method Code SPL-21, pulverised in a ring mill using a standard low chrome steel ring set to >85%
passing 75 micron. If sample was >3 kg it was split prior to pulverising and the remainder retained or discarded. A
250g representative split sample was taken, the remaining residue sample stored and a 50gm sample charge was
taken for analysis. All samples at Ultra Trace Pty Ltd were sorted, dried, a 2.5 – 3kg sample was pulverized using a
vibrating disc, was split into a 200-300g subsample and the residue sample stored. A 40grm charge was taken for
analysis. Composite samples returning anomalous values were sampled at 1m intervals using a scoop. For both RC
and RAB drilling a duplicate sample was collected at every 25th sample, and a standard sample was submitted
every 20th sample.

Pancontinental Mining Ltd; RC samples were collected in plastic bags directly from the cyclone at 1m intervals,
split twice through a sample splitter before splitting off a 2kg sample for analysis. Samples were crushed to 1mm,
1kg split taken and pulverised to 90% minus 20 mesh from which a 50gm aliquot was taken. Field samples were
taken at a rate of 1 in 10 and results show a good correlation with the original values. Samples sent to SGS were
dried, jaw and roll crushed, split and pulverised in a chromium steel mill.

Consolidated Gold N.L/DPPL; Auger samples were collected at a nominal depth of 1.5m or blade refusal.
Approximately 200gm of material was placed into pre-numbered paper geochemical bags. Sample numbers were
entered into a datalogger linked to the GPS unit to ensure accuracy. RAB samples were collected a 1m intervals
and used to create a 4m composite sample. Samples were oven dried, pulverised in a single stage grinding bowl
until about 90% of the material passed 75 micron. A 50gm split sample was taken for analysis. Composite samples
returning values greater than 0.19 Au g/t were sampled at 1m intervals.

Riverina Resources Pty Ltd; Auger soil samples were collected from a depth of 1.8m or blade refusal. RAB and RC
4m composites were taken using a sample spear. Samples were dried, crushed, split, pulverised and a 50gm
charge taken. Composite samples returning anomalous gold values were sampled at 1m intervals using a sample
spear.

Barra Resources Ltd; Every metre of the drilling was collected through a cyclone into a large green plastic bag and
lined up in rows near the hole in rows of 20. The entirety of each hole was sampled. Each hole was initially
sampled by 4m composites using a spear or scoop. Once each hole was logged, intervals considered to be
geologically significant were re-sampled at 1m intervals. To obtain a representative sample, the entire 1m sample
was split using a riffle splitter into a calico bag. Whole diamond core samples for ore zones were sampled.
Samples greater than 2.5kg were riffle split to <2.5kg using a Jones riffle splitter. The entire sample was then
pulverised in a Labtechnics LM5 to better than 85% passing 75 microns. A 50gm pulp was taken for assaying in
appropriately numbered satchels. Composite samples that returned gold assays greater than 0.1 g/t Au and that
had not been previously sampled at 1m intervals, were re-sampled at 1m intervals. In addition, any highly
anomalous 1m samples were also sampled again to confirm their assay results.

Greater Pacific Gold; Sample preparation for RC and core sample unknown.

Carpentaria Exploration Company Pty Ltd; Samples were collected over 1m intervals. 2m and 4m composite
samples were collected using a sample spear. About 2kg samples were despatched for analysis. Samples were
dried, crushed, split, pulverised and a charge taken for analysis.

24


Malanti Pty Ltd; 1m samples were collected in plastic bags via a cyclone and passed through a triple splitter giving
a 12.5% split of about 2kg which was placed in a calico bag and marked with the drill hole number and interval
sampled. The 87.5% was returned to the similarly numbered large plastic bag and laid in rows on site. A trowel was
used to scoop the samples for composites over 4m and 6m intervals. Samples for assay were then taken with
composite intervals based on geology. Many of the single splits were selected for assay in the first instance.
Samples packed in poly weave bags were freighted for analysis. Samples were dried, crushed, split, pulverised and
a 50gm charge taken. RC Samples with anomalous composite assays were split and submitted for analysis.

Riverina Gold Mines NL; Vacuum hole samples were collected every metre and split. RAB samples were taken every
metre through a cyclone and riffle split to a quarter and composited to 4m intervals. RC samples were taken every
metre through a cyclone after being riffle split to a quarter and some composited to 4m. The residue remained on
site in plastic bags whilst the quarter split was sent for analysis. For vacuum holes RVV70 to RVV125, a 30grm was
taken. RC samples from holes RV110 to RV164 and vacuum hole samples were dried, crushed to nominal 3mm and
a 1,000 gram split was taken for pulverising until 90% passed minus 75 microns. A 25grm charge was taken. RC
samples from holes RV230 to RV350 were totally pulverised and a 50 grm charge taken. 4m RAB composite samples
returning anomalous values greater than 0.1 g/t Au were sampled at 1m intervals.

Riverina Gold NL; RAB samples were bulked at 2m intervals. RC holes were sampled at 1m intervals. Diamond core
samples were taken at geological boundaries. Samples were crushed, split, pulverised and a charge taken for
analysis.

OBM – RC samples were submitted either as individual 1m samples taken onsite from cone splitter or as 4m
composite samples speared from the onsite drill sample piles. Half core samples, cut by saw. Core sample
intervals selected by geologist and defined by geological boundaries. For drilling up to April 2020, RC samples were
dried, crushed, split, pulverised and a 50gm charge taken. For drillholes RVRC20036 to RVRC20104 inclusive, 1m
and 4m composite samples were dispatched to the lab, crushed to a nominal 3mm, split to 500 grams and
analysed by Photon Assay method at MinAnalytical in Kalgoorlie. 4m composite samples with gold values greater
than 0.2 g/t Au were re-sampled as 1m split samples and submitted to the lab for Photon Assay analysis. For all
drilling in 2022, - RC samples were submitted either as individual samples taken from the onsite cone splitter or as
four metres composite samples taken by metal scoop. Core sample intervals selected by geologist and defined by
geological boundaries, cut by saw and submitted as half core. All samples were dispatched to the SGS laboratory at
the Davyhurst site for pulverising. Prepared samples were then despatched to SGS laboratories in Kalgoorlie for a
50g charge Fire Assay (GO_FAP50V10). Field duplicates, blanks and standards were submitted for QAQC analysis.

Repeat assays were undertaken on pulp samples at the discretion of the laboratory.
Quality of
assay data
and
laboratory
tests

The nature, quality and appropriateness
of the assaying and laboratory
procedures used and whether the
technique is considered partial or total.

For geophysical tools, spectrometers,
handheld XRF instruments, etc, the
parameters used in determining the
analysis including instrument make and
model, reading times, calibrations
factors applied and their derivation, etc.

Croesus Mining N.L; Auger samples were sent to Ultratrace Laboratories, Perth, to be assayed for gold using the
Aqua Regia method with a detection limit of 1ppb. RAB, aircore, RC and diamond samples were sent to Ultratrace
Laboratories in Perth to be analysed for gold using Fire assay/ICP Optical Spectrometry. Diamond core check
samples were analysed at Genalysis of Perth. Some diamond core samples were also analysed for platinum and
palladium by fire assay.

Monarch Gold Mining Company Ltd; RC samples were sent to ALS Kalgoorlie to be analysed gold by fire assay (lab
code Au-AA26). This was completed using a 50grm sample charge that was fused with a lead concentrate using the
laboratory digestion method FA-Fusion and digested and analysed by Atomic Absorption Spectroscopy against
matrix matched standard. RC samples were also sent to Ultra Trace Pty Ltd, Canning Vale Western Australia for gold
analysis by lead collection fire assay. Samples were also analysed for palladium and platinum. The Quality control

25


Nature of quality control procedures
adopted (eg standards, blanks,
duplicates, external laboratory checks)
and whether acceptable levels of
accuracy (ie lack of bias) and precision
have been established.
at ALS involved 84 pot fire assay system. The number and position of quality control blanks, laboratory standards
and repeats were determined by the batch size. Three repeat samples were generally at position 10, 30, 50 of a
batch and the control blanks (one blank) at the start of a batch of 84 samples. The laboratory standards were
inserted randomly and usually two certified internal standards were analysed with a batch, but it was at the
discretion of the ‘run builder’ as to how many standards to add to the batch and where to place them in the run.
QAQC at Ultra Trace Pty Ltd was undertaken for every 27th sample. At random, two repeat samples were chosen,
one laboratory standard was inserted and one check sample was taken. The check sample was chosen if the first
pass of fire assay shows anomalous value.

Pancontinental Mining Ltd; Samples were sent to Genalysis Laboratory Services Pty Ltd in Perth to be analysed for
gold with a detection limit of 0.01 ppm. They were also analysed for gold at SGS laboratory using aqua regia with
AAS finish. A number of samples with an assay greater than 0.2 ppm were re-assayed by fire assay. Laboratory
standards indicated reasonable accuracy.

Consolidated Gold N.L/DPPL; Auger samples were submitted to ALS Pty Ltd in Perth to be analysed for gold to a
detection limit of 0.001ppm using ALS’s PM2005 graphite furnace/AAS technique. Samples were also analysed for
calcium, magnesium and arsenic using ALS’s IC205 technique. RAB samples were submitted to Minlab Pty Ltd
Kalgoorlie to be analysed for gold by fire. Some samples were also sent to Amdel Laboratories Ltd Kalgoorlie for
gold analysis by fire assay method FAI.

Riverina Resources Pty Ltd; Auger soil samples were sent to Ultra Trace in Perth to be analysed for gold and arsenic
using an aqua regia digest and determination by ICP-MS. RC samples were submitted to Kalgoorlie Assay
Laboratory for gold analysis by 50gm fire assay. Samples from holes GNRC012 to GNRC020 were also sent
Kalgoorlie Assay Laboratory for gold and nickel analysis using a four-acid digest and gold analysis by 50g fire assay.
Martin Zone samples were to Kalgoorlie Assay Laboratories to be assayed Ni, Co, Cr, Cu, Mg, Mn, Fe, S, As, Al, Ca, and
Zn using a four acid digest with ICP-OES finish and for Au using a 50gm fire assay digest with flame AAS finish. Some
samples were also sent to Ultra Trace in Perth for analysis. 312 end of hole RAB samples from the Forehand
Prospect were sent to AusSpec International in Sydney for HyChips spectral analysis developed by AusSpec
International and CSIRO capable of analysing dry samples stored in chip trays at a rate of at least 1,600 per day.
This was undertaken to identify alteration minerals, weathered clays, Fe oxides, and weathering intensity as well
as sample mineralogy including mineral crystallinity and mineral composition. (Results are in appendix 4 of
Riverina Project Combined ATR 2006.pdf). Down Hole Electro-Magnetic (DHEM) surveys were conducted in RC drill
holes GNRC001, GNRC003 and GNRC004 and three diamond drill holes. These surveys were completed by Outer Rim
Exploration Services using a Crone Pulse EM probe. (Southern Geoscience Consultants were contracted to plan the
DHEM surveys and interpret the results).

Barra Resources Ltd; Auger samples were sent to Ultra Trace Analytical Laboratories in Perth to be analysed for
gold and arsenic. Gold was determined by Aqua Regia with ICP-Mass Spectrometry to a detection limit of 0.2ppb.
All RC pulp samples were sent to Kalgoorlie Assay Laboratories or Australian Laboratory Services Pty Ltd (ALS) in
Kalgoorlie for gold analysis. Gold analysis was completed using the 50gm fire assay technique with an AAS finish to
a detection limit of 0.01ppm. Each was weighed and data captured, with the charge then intimately mixed with
flux. Mixed sample and flux were fused in a ceramic crucible at 1100oC in a reducing furnace. Molten mass was
then poured into moulds and allowed to cool. Lead button removed and placed in a cupellation furnace. The
resultant dore bead was parted and digested, being made up to volume with distilled water. The analyte solution
was aspirated against known calibrating standards using AAS. All diamond core sample pulps were sent to Leonora
Laverton Assay Laboratory Pty Ltd to be assayed forgold by fire with an AAS finish to a detection limit of 0.01ppm Au.

26

Some drill hole samples were analysed for gold (Fire assay/ICP Optical Spectrometry) by Ultratrace Laboratories in
Perth.

Greater Pacific Gold; 1m RC samples submitted to Analabs for Au, Ag, Cu, Pb, Zn, As and Ni analysis. Core samples
submitted to Genalysis for Au, Ag, Cu, Pb, Zn, As and Ni analysis. Ore zone samples submitted to Minlab for re-assay.
Screen fire assay performed on ore zone pulps.

Carpentaria Exploration Company Pty Ltd; Samples were sent to Australian Assay Laboratories Group in Leonora to
be analysed for gold with a detection limit of 0.01 g/t Au by fire assay. Repeat assays undertaken for about 1
sample in 20. Field duplicates and standards routinely submitted with assay batches.

Malanti Pty Ltd; RC samples from RRC1 to RRC7 holes were sent to Aminya Laboratories Pty Ltd, Ballarat, Victoria, to
be analysed for gold by fire assay with a detection limit of 0.01 g/t Au. RC samples from holes RRC8 to RRC12
submitted to Minesite Reference Laboratories, Wangara, Western Australia to be analysed for gold by Fire Assay of
50g charge (code FA50) with a 0.01ppm lower detection limit. About 1 in 20 assays was either a repeat or duplicate.

Riverina Gold Mines NL; RC samples from holes RV110 to RV164 and vacuum hole samples were sent to Leonora
Laverton Assay Laboratory Pty Ltd, Leonora, to be analysed for gold. The charge was dissolved in aqua-regia/solvent
digest with a double ketone backwash and then assayed using AAS techniques with a detection limit of 0.02ppm.
RC samples from holes RV230 to RV350, vacuum samples from holes RVV126 to RVV204 and RAB composite samples
were sent to Multilab Pty Ltd in Kalgoorlie to be analysed for gold. The 50grm samples were digested in aqua regia
and assayed by AAS techniques with a detection limit of 0.01ppm. Other RC samples were sent to Minlab in Perth to
be analysed for gold using the aqua regia digest and AAS finish. For vacuum and RAB samples, about 1 in 10 assays
was a repeat. For RC holes from RV110 to RV164 and vacuum holes, at least 10 percent of a bulk order was repeated
as a laboratory duplicate for quality control.

Riverina Gold NL; RAB samples were analysed for gold, silver, arsenic, lead, zinc, copper and nickel. RC samples
were despatched to Genalysis to be analysed for gold by Aqua Regia/ AAS method. Diamond samples were set to
Analabs in Kalgoorlie to be analysed for gold by fire with fusion AAA, copper, lead and silver by ASS with perchloric
acid digestion and, arsenic by ASS with vapour generation and density using an air pycnometer.

OBM – Up to April 2020, all samples were sent to an accredited laboratory (Nagrom Laboratories in Perth, Intertek-
Genalysis in Kalgoorlie or SGS in Kalgoorlie). The samples have been analysed by firing a 50gm portion of the
sample. This is the classical fire assay process and will give total separation of gold. An ICPOES finish is used.
Commercially prepared standard samples and blanks are inserted in the sample stream at a rate of 1:12. Sizing
results (percentage of pulverised sample passing a 75μm mesh) are undertaken on approximately 1 in 40 samples.
The accuracy (standards) and precision (repeats) of assaying are acceptable. For drillholes RVRC20036 to
RVRC20104, 1m and 4m composite RC samples were sent to MinAnalytical Laboratory Services in Kalgoorlie. Sample
prep involves drying and a -3mm crush, of which 500 grams is linear split into assay jars for analysis. Samples are
analysed by the Photon assay method which utilises gamma radiation to excite the nucleus of the target atoms
(gold). The excited nucleus then emits a characteristic photon, which is counted to determine the abundance of
gold in the sample. For all drilling in 2022, All samples were sent to the accredited onsite SGS laboratory at
Davyhurst for sample preparation. Prepared samples were then despatched to SGS laboratories in Kalgoorlie for a
50g charge Fire Assay (GO_FAP50V10) with MP-AES finish. Commercially prepared standard samples and blanks are
inserted in the sample stream at an average rate of 1:25. Sizing results (percentage of pulverised sample passing a
75μm mesh) are undertaken on approximately 1 in 20 samples. The accuracy (standards) and precision (repeats) of
assayingare acceptable. Standards and blanks were inserted into the sample stream at a rate of approximately

27

1:12. Duplicates were submitted at a rate of approximately 1:30. The accuracy (standards) and precision (repeats)
of assaying are acceptable.

Fire assay is considered a total technique, Aqua Regia is considered partial. The Photon assay method is
considered a total technique and is non-destructive.
Verification
of sampling
and assaying

The verification of significant
intersections by either independent or
alternative company personnel.

The use of twinned holes.

Documentation of primary data, data
entry procedures, data verification, data
storage (physical and electronic)
protocols.

Discuss any adjustment to assay data.

Holes are not deliberately twinned.

OBM - Geological and sample data logged directly into field computer at the drill rig or core yard using Field
Marshall or Geobank Mobile. Data is transferred to Perth via email or through a shared server and imported into
Geobank SQL database by the database administrator (DBA). Assay files are received in .csv format and loaded
directly into the database by the DBA. Hardcopy and/or digital copies of data are kept for reference if necessary.

Monarch Gold Mining Company Ltd; Geological and sample data was logged digitally and .csv or .xls files imported
into Datashed SQL database with in-built validation. Samples bags were put into numbered plastic bags and then
cable tied. Samples collected daily from site by laboratory.

Data entry, verification and storage protocols for remaining operators is unknown.

No adjustments have been made to assay data.
Location of
data points

Accuracy and quality of surveys used to
locate drill holes (collar and down-hole
surveys), trenches, mine workings and
other locations used in Mineral Resource
estimation.

Specification of the grid system used.

Quality and adequacy of topographic
control.

Croesus Mining N.L; All drilling was located using a Trimble/Omnistar DGPS with an accuracy of plus or minus 1m.
Down hole surveys were either as planned or taken using electronic multi shot camera. The gird system used is
AGD 1984 AMG Zone 51.

Monarch Gold Mining Company Ltd; The collar co-ordinates of aircore and RAB holes and RC holes RMRC001 to
RMRC085 were surveyed using GPS. The co-ordinates of holes RMRC086 to RMRC177 were surveyed using the
RTKGPS. All surveying was undertaken by staff of Monarch Gold Mining Company Ltd. Down hole surveys were
undertaken every 5m by Ausmine using electronic multi-shot (EMS). The gird system used is GDA94 MGA Zone 51.

Pancontinental Mining Ltd; RC drilling at Mulwarrie was surveyed by McGay Surveys. The grid system used is AMG
Zone 51. RAB drilling at Riverina South – holes drilled on local Riverina grid and transformed to MGA using 2 point
transformation. Holes were not routinely downhole surveyed.

Consolidated Gold N.L/DPPL; Auger holes located on AMG grid. Some RAB holes were drilled on an AMG grid installed
by Kingston Surveys Pty Ltd of Kalgoorlie. Each 40m grid peg had an accurate (plus or minus 10 cm) northing,
easting and elevation position. Other RAB holes drilled on local grid. Holes located using compass and hip chain
from surveyed baselines. The grid system used is AMG Zone 51. RAB holes not down hole surveyed.

Riverina Resources Pty Ltd; Collar co-ordinates were surveyed using a DGPS. Collar azimuth and inclination were
recorded. Downhole surveys for most GNRC holes were by single shot and on rare occasions by gyro. Diamond
holes surveyed by electronic multishot. The gird system used is AGD 1984 AMG Zone 51.

Barra Resources Ltd; Collar co-ordinates for northings, eastings and elevation have been recorded. Collar azimuth
and inclination were recorded. Drill hole collar data was collected by the First Hit mine surveyor and down hole
data was collected by the drilling company and passed onto the supervising geologist. The gird system used is
AGD84 Zone 51.

Greater Pacific Gold; Collars surveyed on Riverina local Mine grid. 2 point grid transformation translates
coordinates into MGA91 zone 51. Holes downhole surveyed by gyro (Ace Drilling).

Carpentaria Exploration Company Pty Ltd; A local Riverina South grid was employed to record collar coordinates.
Holes were not downhole surveyed. Local co-ordinates were transferred to the AMG and MGA grids using a 2-point
transformation.

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Malanti Pty Ltd; Collar locations of re-sampled RAB holes were noted using a GPS. Holes were not downhole
surveyed. Two grid systems were employed; a local Riverina grid and AGD 1996 AMG Zone 51. Local co-ordinates
were transferred to the AMG and MGA grids using a 2-point transformation.

Riverina Gold Mines NL; Collar co-ordinates for northings and eastings and have been recorded. Collar inclination
was recorded. The grid used was the Riverina grid which is oriented to true north. The origin for this grid is
10,000N, 10,000E located at the south west corner of surveyed M30/98.

Riverina Gold NL; For diamond holes, down hole surveys were either assumed or taken using an Eastman camera
or gyro. Diamond hole locations surveyed on Riverina local grid. RC and RAB holes located on surveyed Riverina
local grid.

Topography has been surveyed by recent operators. Collar elevations are consistent with surrounding holes and
the natural surface elevation.

OBM (RC, DD) MGA94, zone 51. Drill hole collar positions were picked up by a contract surveyor using RTKGPS
subsequent to drilling. Drill-hole, downhole surveys are recorded every 30m using a reflex digital downhole
camera. Some RC holes not surveyed if holes short and/or drilling an early stage exploration project. Diamond
drillholes completed in 2019 and 2020 by OBM were surveyed using a Gyro tool. For all drilling in 2022 Drill hole
collar positions were picked up by an OBM mining surveyor using RTKGPS subsequent to drilling. All downhole
surveys were taken every 10m by Gyro. UG diamond drilling collar locations picked up by mine surveyors. UG
diamond drilling downhole surveyed using DeviGyro.
Data spacing
and
distribution

Data spacing for reporting of Exploration
Results.

Whether the data spacing and
distribution is sufficient to establish the
degree of geological and grade continuity
appropriate for the Mineral Resource and
Ore Reserve estimation procedure(s) and
classifications applied.

Whether sample compositing has been
applied.

Exploration results are reported for single holes only.

Drill hole spacing is adequate for the current resources reported externally. (Examples are discussed below)

Croesus Mining N.L; Auger samples were collected to infill a 250m x 100m grid, Riverina South RAB samples were
collected to infill a 400m x 80m grid and Sunraysia RC drilling was completed on a 40m x 200m grid.

Monarch Gold Mining Company Ltd; RAB holes were drilled on 200m x 40m grids and RC holes were drilled on a 20m
x 20m and 40m x 20m grids.

Riverina Resources Pty Ltd; Auger soil sampling program was taken over 50m x 50m, 50m x 100m and 50m x 200m
spaced grids, Silver Tongue RAB and RC holes were drilled on 25m x 25m, 25m x 50m and 50mx 50m spaced grids
and Corporate James RAB holes were drilled on 50m x 100m and 25m x 100m spaced grids.

Barra Resources Ltd; Auger soil sampling program was taken over 50m x 50m, 50m x 100m and 50m x 200m spaced
grids, Silver Tongue RAB and RC holes were drilled on 25m x 25m, 25m x 50m and 50m x 50m spaced grids,
Corporate James RAB holes were drilled on 50m x 100m and 25m x 100m spaced grids, Forehand RAB and RC holes
were drilled on 50m x 100m, 50m x 50m or 25m x 50m spaced grids and Cactus RC holes were drilled on 10m x 10m,
20m x 20m and 40m x50m spaced grids.

Drill intercepts are length weighted, 1.0g/t lower cut-off, not top-cut, maximum 2m internal dilution.
Orientation
of data in
relation to
geological
structure

Whether the orientation of sampling
achieves unbiased sampling of possible
structures and the extent to which this is
known, considering the deposit type.

If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to

Drilling was oriented at 90oto the strike of mineralisation and inclined at 60o. Examples are discussed below.

Croesus Mining N.L; Holes were either vertical or inclined at 60oand oriented towards the west.

Monarch Gold Mining Company Ltd; Holes were inclined at 60o and oriented towards the west.

Consolidated Gold N.L/DPPL; Holes were inclined at 60oand oriented towards either the west or east.

Riverina Resources Pty Ltd; Holes were inclined at 60oand oriented towards either the west or east.

Barra Resources Ltd; Holes were either vertical or inclined at 60oand oriented towards the west.

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have introduced a sampling bias, this
should be assessed and reported if
material.

Greater Pacific Gold; Holes drilled to the east inclined at -58 to -60. Suitable for sub vertical N-S striking
mineralisation.

Carpentaria Exploration Company Pty Ltd; Holes were inclined at 60oand oriented towards either the west or east.

Malanti Pty Ltd; Holes were inclined at 60oand oriented towards either the west or east.

Riverina Gold Mines NL; Vacuum holes from RVV1 to RVV69 and from RVV126 to RVV204 were drilled vertically.
Vacuum holes from RVV70 to RVV125 were inclined at 60oand oriented either east or west. RAB and RC holes were
inclined at 60oand oriented either east or west.

Riverina Gold NL; RC holes were inclined at 60oand oriented either east or west.

OBM – RC drilling is predominately inclined at between -50 and -60 degrees towards the west. Drilling inclined to
the east is only done when lodes are deemed to be vertical or if local landforms prevent access. UG drilling from
cuddy in fans so intersection of holes with lodes is not always optimal.
Sample
security

The measures taken to ensure sample
security.

Unknown for all drilling except for the following;

Barra Resources Ltd. Samples received at the laboratory were logged in ALS Chemex’s unique sample tracking
system. A barcode was attached to the original sample bag. The label was then scanned and the weight of sample
recorded together with information such as date, time, equipment used and operator name.

Monarch; Sample calicos were put into numbered plastic bags and cable tied. Any samples that going to SGS were
collected daily by the lab. Samples sent to ALS were placed into sample crates and sent via courier on a weekly
basis.

OBM - Samples were bagged, tied and stored in a secure yard on site. Once submitted to the laboratories they are
stored in cages within a secure fenced compound. Samples are tracked through the laboratory via their LIMS.
Audits or
reviews

The results of any audits or reviews of
sampling techniques and data.

OBM has reviewed historic digital data and compared it to hardcopy and digital (Wamex) records.

Section 2 Reporting of Exploration Results - Riverina

(Criteria listed in the preceding section also apply to this section.)

Criteria JORC Code explanation Commentary Commentary Commentary Commentary
Mineral tenement
and land tenure
status

Type, reference name/number,
location and ownership including
agreements or material issues with
third parties such as joint ventures,
partnerships, overriding royalties,
native title interests, historical
sites, wilderness or national park
and environmental settings.

All tenure pertaining to this report is listed below.
TENEMENT HOLDER AGREEMENTS
M30/256 CARNEGIE GOLD PTY LTD.

Carnegie Gold PTY LTD is a wholly owned subsidiary of OBM.

There are no known heritage or native title issues.

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The security of the tenure held at
the time of reporting along with any
known impediments to obtaining a
licence to operate in the area.

There are no known impediments to obtaining a licence to operate in the area.
Exploration done
by other parties

Acknowledgment and appraisal of
exploration by other parties.

Drilling, sampling and assay procedures and methods as stated in the database and confirmed from Wamex reports
and hard copy records are considered acceptable and to industry standards of the time.
Geology
Deposit type, geological setting and
style of mineralisation.

The geology of the Riverina area consists of an interlayered sequence of meta-basalts, meta-sediments and
ultramafics, rarely cross-cut by narrow pegmatite dykes. The local stratigraphy strikes roughly N-S with primarily
steep east to sub-vertical dips. The area has been affected by upper greenschist to lower amphibolite grade
metamorphism with many minerals exhibiting strong preferred orientations. All rock units exhibit strain via zones
of foliation, with strongly sheared zones more common in ultramafic lithologies. Contemporaneous strike faults
and late stage thrust faults have dislocated the stratigraphy and hence, mineralisation.

Gold mineralisation is hosted by quartz-sulphide and quartz-Fe oxide veining primarily in the metabasalts.
Metasediments and ultramafics may also contain gold mineralised quartz veining, although much less abundant.
Gold mineralisation is also seen in silica-biotite-sulphide and silica-sericite-sulphide alteration zones in the
metabasalts.
Drill hole
Information

A summary of all information
material to the understanding of
the exploration results including a
tabulation of the following
information for all Material drill
holes:
o
easting and northing of
the drill hole collar
o
elevation or RL (Reduced
Level – elevation above
sea level in metres) of the
drill hole collar
o
dip and azimuth of the
hole
o
down hole length and
interception depth
o
hole length.

If the exclusion of this information
is justified on the basis that the
information is not Material and this
exclusion does not detract from the
understanding of the report, the
Competent Person should clearly
explain why this is the case.

See list of drill intercepts.

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Data aggregation
methods

In reporting Exploration Results,
weighting averaging techniques,
maximum and/or minimum grade
truncations (eg cutting of high
grades) and cut-off grades are
usually Material and should be
stated.

Where aggregate intercepts
incorporate short lengths of high
grade results and longer lengths of
low grade results, the procedure
used for such aggregation should
be stated and some typical
examples of such aggregations
should be shown in detail.

The assumptions used for any
reporting of metal equivalent
values should be clearly stated.

Original assays are length weighted. Grades are not top cut. Lower cut off is nominally 1.0g/t. Due to the narrow
nature of mineralisation a minimum sample length of 0.2m was accepted when calculating intercepts. Maximum
2m internal dilution.

Metal equivalents not reported.
Relationship
between
mineralisation
widths and
intercept lengths

These relationships are particularly
important in the reporting of
Exploration Results.

If the geometry of the
mineralisation with respect to the
drill hole angle is known, its nature
should be reported.

If it is not known and only the down
hole lengths are reported, there
should be a clear statement to this
effect (eg ‘down hole length, true
width not known’).

Intercept widths are down hole lengths. True widths are not reported given the varying orientation of drilling and
mineralisation at each deposit/prospect mentioned in the report.

The geometry of the mineralisation at Riverina South is approx. N-S and sub vertical. Surface drilling is oriented
perpendicular the strike of the mineralisation. UG drilling from drill cuddy with hole radiating in fans. Holes testing
strike extremities are at lower angles to the ore lode and therefore not true widths, while those perpendicular to
the lode can approximate true widths.
Diagrams
Appropriate maps and sections
(with scales) and tabulations of
intercepts should be included for
any significant discovery being
reported These should include, but
not be limited to a plan view of drill
hole collar locations and
appropriate sectional views.

See plans, cross-sections and long sections.
Balanced
reporting

Where comprehensive reporting of
all Exploration Results is not
practicable, representative
reportingof both low and high

The location of drill hole intersections is shown on the plans and 2D/3D diagrams and are coloured according to
grade to provide context for the highlighted intercepts

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grades and/or widths should be
practiced to avoid misleading
reportingof Exploration Results.
Other substantive
exploration data

Other exploration data, if
meaningful and material, should be
reported including (but not limited
to): geological observations;
geophysical survey results;
geochemical survey results; bulk
samples – size and method of
treatment; metallurgical test
results; bulk density, groundwater,
geotechnical and rock
characteristics; potential
deleterious or contaminating
substances.

Riverina has no known reported metallurgical issues.

Results from previous processing have demonstrated that good gold recovery can be expected from conventional
CIL processing methods.

Recent baseline metallurgical test work demonstrated the following gold recoveries:
o
Oxide – 90%
o
Transitional – 97%
o
Fresh – 94.3%

Additional variation test-work remains ongoing.
Further work
The nature and scale of planned
further work (eg tests for lateral
extensions or depth extensions or
large-scale step-out drilling).

Diagrams clearly highlighting the
areas of possible extensions,
including the main geological
interpretations and future drilling
areas, provided this information is
not commercially sensitive.

Further GC drilling at Riverina underground

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