Ora Banda Mining Limited announced an updated open pit Mineral Resource for the Callion deposit, a key part of the Company's Davyhurst Gold Project. Callion is located 14 km from the Davyhurst processing plant. The upgraded Mineral Resource at the Callion Project has increased by 114% to 269 Kt @ 3.5 g/t for 30,000 ounces of contained gold (up from 169 Kt @ 2.6 g/t Au for 14,000 ounces of contained gold) and includes an Indicated Resource of 241 Kt at a substantially higher grade of 3.7 g/t Au for 28,700 ounces of contained gold. The Callion open pit Mineral Resource estimate has been derived following additional drilling and the application of various constraints including modifying factors. These include a gold price of AUD 2,4001 per ounce, a lower block cut-off grade of 0.5 g/t Au and a physically constrained area within an optimum AUD 2,400 per ounce open pit shell that extends to a depth of 85 metres. The Callion underground Mineral Resource estimate currently remains under development. This updated Callion open pit Mineral Resource and the underground mineral resource under development follows the successful completion of a 66-drill hole program for 10,445 metres including 42 RC drill hole (5,773 metres) and 24 Diamond drill holes (4,672 metres). Detailed mine design work aimed at defining an open pit Mining Reserve is in progress.