Ora Banda Mining Limited declared a combined JORC (2012) Probable Ore Reserve for four key ore deposits (Riverina, Missouri and Sand King open pits, and Golden Eagle underground) at its Davyhurst Gold Project ("DGP" or "Project") of 4.4 Mt @ 2.4 g/t Au for 330,000 gold ounces. This Ore Reserve was calculated at a gold price of AUD 2,100 /oz Au. Mining studies for Ora Banda's Waihi and Callion open pit as well as an underground extension to Riverina (below the proposed open pit) are also nearing completion, and reserve updates for these prospects are planned to be included in the Ore Reserve Statement underpinning the Company's definitive feasibility study (DFS) scheduled for completion in June 2020. The Davyhurst Gold Project is located approximately 120 km northwest of Kalgoorlie and comprises: (i) a 1.2 Mtpa gold processing plant, (ii) fully permitted mining licenses, (iii) 160-person fully-equipped accommodation facility, and (iv) full complement of supporting infrastructure including RAV-10 rated haul roads, tailings dam and water extraction rights from two established borefields. This update increases gold reserves by 60% compared to the 2019 ore reserve estimate of 2,800,000 t @ 2.3 g/t Au for 210,000 ounces (ASX Announcement dated 30 October 2019). The difference is due to the inclusion of maiden Ore Reserves for the Riverina open pit and Golden Eagle underground and a 12% increase in the open pit Ore Reserve for Missouri and Sand King open pits. The conversion of Measured and Indicated Mineral Resource to Ore Reserves across the four deposits is 55%, up from 43 % in the 2019 estimate.