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Ora Banda Mining Ltd.

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Summary

Project:

Siberia

Deposit:Siberia
Location:Australia
Commodities:Gold
Date:11/12/2019
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Mine Development
Report details:12-11-2019: Ora Banda Mining Ltd. announces a Resource Estimation report for its Siberia deposit at the Siberia project. Siberia Open Pit Ore Reserves Increase by 42% - Supplementary Release. Further to Ora Banda Mining Limited’s (ASX:OBM) (“Ora Banda”, “
Resources:(Reserve, Prob.): 2.8Mt @ 2.3g/t Au at Siberia
CP/QP:[Overall Report]: Craig Mann (Entech Pty Ltd.)
ABSTRACT:Further to Ora Banda Mining Limited’s (ASX:OBM) (“Ora Banda”, “Company”) ASX release of 30 October 2019 announcing an increased open pit Ore Reserve of 210,000 oz Au (up from 150,000 oz Au) at its Siberia prospect in Western Australia, the Company provides the following additional information in accordance with ASX Listing Rule 5.9.1. Ora Banda’s Siberia prospect is located approximately 39 km southeast of the Company’s 1.2 Mtpa processing plant at Davyhurst and 80 km northwest of Kalgoorlie, within the North Eastern Goldfields of Western Australia. The prospect incorporates both the Sand King and Missouri open pits (Figure 1, 2 & 5). Key physicals of the two open pits are provided in Table 2. Entech Pty Ltd, an independent and internationally recognised mining consultancy, specialising in open pit gold mining in the Eastern Goldfields region, was engaged to undertake a re-optimisation and design review of Ora Banda’s existing Sand King and Missouri Mineral Resources at Siberia.

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