Ora Banda Mining (OBM) investor relations material

Executive summary

• Achieved record gold production of 38,766oz in the March 2026 quarter, a 21% increase over the December quarter, with 38,637oz sold and FY26 YTD sales of 101.2koz.

• Generated $76.3 million in free cash flow, lifting closing cash to $231.7 million after $52.5 million invested in capital projects, resource development, and exploration.

• Exploration success included a tenfold increase in Round Dam Mineral Resource to 1.3Moz and a 57% increase in Group Mineral Resources to 3.3Moz.

• Commenced open pit mining at Waihi and declared commercial production at Sand King underground.

Financial highlights

• Revenue from gold sales reached $267.4 million for the quarter, with an average realised gold price of $6,921/oz.

• All-in sustaining cost (AISC) per ounce sold was $3,612, up 3% from the prior quarter due to increased third-party processing.

• Operating costs for the quarter totaled $128.1 million, with all-in sustaining costs at $139.6 million.

• Cash at bank increased to $231.7 million as of 31 March 2026.

Outlook and guidance

• FY26 production guidance remains at 140–155koz, with AISC guidance raised to $3,250–$3,350/oz due to higher third-party processing costs.

• Exploration budget for FY26 is $73 million, with further resource updates planned for mid-2026.

• Decision on a new standalone 3mtpa processing plant expected in the June 2026 quarter.