Quarterly Activities Report for the Period ended 30 June 2024

Ora Gold Limited (ASX:OAU) (“Ora” or the “Company”), a Western Australian gold explorer, is pleased to provide shareholders and investors with an exploration and operations overview to accompany the Appendix 5B for the quarter ending 30 June 2024 (“Quarter”, “Reporting Period”).

Westgold Strategic Alliance

• Ora entered into a binding agreement with Australian gold producer Westgold Resources Limited (WGX:ASX, OTCQX:WGXRF) in relation to a:
  • Strategic Alliance with the primary aim of advancing the development of Ora’s Crown Prince deposit into production; and
  • Strategic Placement of $6.0m at $0.0045 per share, equivalent to a fully diluted 15.0% pro forma shareholding in Ora
• As part of the Strategic Alliance, Ora and Westgold to separately agree the terms of an ore purchase agreement
  • Ora’s Crown Prince deposit hosts a Mineral Resource of 240koz at 4.1g/t Au1 and is located approximately 33 km via road from Westgold’s Bluebird Mill
  • Technical work streams for Mining Approval Submissions to DEMIRS are well advanced

Crown Prince Prospect

• High grade results returned from RC drilling of strike extensions to the South-Eastern Zone in OGGRC710 (6m @ 28.80 g/t Au from 163m).
• Diamond geotechnical holes assessing Crown Prince planned open pit are underway.
• Three long lines of SRC sterilisation holes have been drilled on the eastern most part of the mining lease (M51/886) to test for mineralisation ahead of waste rock dump design.

Regional Exploration and Project Pipeline

• Encouraging early drill results have been received from regional prospects Battery and Crescent
• Deeper RC drilling planned at both prospects

Corporate

• Ora finished the June quarter with $7 million cash and is well funded to pursue its technical programs for completion of Crown Prince mining proposal submissions which are expected to be made mid to late H2 of 2024.

During the Quarter, Ora reported exploration results from RC drilling at the Crown Prince Prospect (M51/886) part of Ora’s Garden Gully Gold Project (Figure 1). Crown Prince continues to be a focus as it is: a key growth target for additional gold resources; and is approaching development. The prospect comprises the Main Zone and Southeastern Zone both of which continue to return high grade results.

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