Ora Banda Mining Limited announced High-grade Main Lode mineralisation extended at depth
High-grade extension of Murchison Lode discovered at Riverina Exploration. Highlights: Extensional drilling under the Riverina open pit has extended the Main Lode an
additional 100 metres vertically with high grade intercepts of 1.2m @ 29.9 g/t and 2.8m
@ 6.0 g/t. Intercepts have increased the depth of the known high grade mineralisation from ~250
metres below surface to more than 350 metres below surface and the deposit remains
open in all directions. 12 diamond holes from an initial 30 hole program have now been completed proving
the mineralised structure of the Main Lode extends more than 1km along strike. In addition to the Main Lode extensions, a high-grade extension of the Murchison Lode
has been discovered which runs parallel to Riverina's existing Main lode. The Murchison Lode is located just 80m east of Main Lode, however this was historically
considered low grade near the surface, with no specific targeting of this lode at depth. Initial intercepts from the Murchison Lode extension include: 0.3m @ 171 g/t from 325m (with abundant visible gold); 1.0m @ 30.8 g/t from 181m; 1.4m @ 17.8 g/t (including 0.5m @ 52.2 g/t) from 12m; 4.9m @ 4.4 g/t from 34m; The Murchison high-grade extension remains open at depth with the structure intercepted
over a 700m strike length with the deepest hole hitting 0.3m @ 171 g/t. 18 more holes are to be completed by the end of December prior to updating the Resource in
the March quarter. Main Lode Drilling: The Main Lodes are made up of two parallel structures (East and West) that are sub-vertical and ~10 metres
apart. The Main Lode East is the prominent mineralised structure. OBM has further proven the continuity of the Main Lode structure for more than 1km and demonstrated
that the system is open in all directions including high grade intercepts at depth. New intercepts include: 3.0m @ 19.1 g/t from 147m; 2.0m @ 12.1 g/t from 178m; 3.9m @ 4.5 g/t from 165m; 1.2m @ 29.3 g/t from 359m (~100m below previous extent of drilling); 2.8m @ 6.0 g/t from 357m (~100m below previous extent of drilling). This compliments the numerous high-grade intercepts previously reported in the main lodes, including: 7.0m @ 22.7 g/t from 240m; 5.7m @ 10.1 g/t from 144m; 5.0m @ 16.7 g/t from 200m; 2.8m @ 21.2 g/t from 254m; 1.3m @ 25.3 g/t from 218m. Murchison Lode ­ Emerging High Grade Potential at Depth: A new, narrow vein & high-grade extension of the Murchison lode has been identified in deeper drilling that
runs parallel to the existing Main Lode. The Murchison Lode is located ~80m east of Main Lode and is presenting as an attractive, high-grade,
narrow vein underground mining target. New holes in the system include: 0.3m @ 171 g/t from 325m; 0.3m @ 171 g/t from 325m; 1.4m @ 17.8 g/t (including 0.5m @ 52.2 g/t) from 12m; 4.9m @ 4.4 g/t from 34m. This lode system was not targeted in historical drilling as previous drilling in this area was shallow and
largely from the West; therefore there were no deeper intersections. Of the few historical intersections below 150m, key intercepts include: 1.0m @ 41.2 g/t from 222m; 1.0m @ 35.4 g/t from 170m; 5.0m @ 4.2 g/t from 87m; 1.3m @ 11.1 g/t from 192m. There is more than 400m between these holes which opens a large exploration window, both for infill and
extensional drilling as the best hole is the deepest at ~300 metres below surface. The Murchison Lode has five of the top ten grades ever sampled in the Riverina system and has a proven
strike of over 700m and is considered untested below 200m.