#1ASX: OAU Investor Presentation July 2023 ADVANCED GOLD EXPLORER High Grade Gold Prospects in Western Australia ORA GOLD LIMITED#2Disclaimer ORA GOLD LIMITED Important - you must read the following before continuing The following notices and disclaimers apply to this presentation ("Presentation") and you are therefore advised to read this carefully before reading or making any other use of this Presentation or any information contained in this Presentation. By reading this Presentation you represent and warrant that you are entitled to receive this Presentation in accordance with the restrictions, and agree to be bound by the limitations, contained within it. The distribution of this Presentation in jurisdictions outside Australia may be restricted by law and you should observe such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities law. Please refer to the section of this Presentation headed "International Offer Jurisdictions" for more information. This Presentation has been authorised for release to ASX by the Board of Directors of OAU ("Board"). Summary information only This Presentation is a summary only and contains summary information about OAU and its subsidiaries and their activities, which is current as at the date of this Presentation (unless otherwise indicated), and the information in this Presentation remains subject to change without notice. The information in this Presentation is general in nature and does not purport to be accurate nor complete, nor does it contain all of the information that an investor may require in evaluating a possible investment in OAU, nor does it contain all the information which would be required in a disclosure document or prospectus prepared in accordance with the requirements of the Corporations Act. It has been prepared by OAU with due care but no representation or warranty, express or implied, is provided in relation to the accuracy, reliability, fairness or completeness of the information, opinions or conclusions in this Presentation by OAU or any other party involved in its preparation. All references are in calendar years. Reliance should not be placed on information or opinions contained in this Presentation and, OAU does not have any obligation to finalise, correct or update the content of this Presentation. Certain data used in this Presentation may have been obtained from research, surveys or studies conducted by third parties, including industry or general publications. This Presentation should be read in conjunction with OAU's other periodic and continuous disclosure announcements lodged with the ASX, which are available at www.asx.com.au or at https://www.ora.gold/asx- announcements. Financial data5 All dollar values are in Australian dollars (A$ or AUD) unless otherwise stated. Amounts, totals and change percentages are calculated on whole numbers and not the rounded amounts presented. Forward looking statements and forecasts Any forward-looking statements and forward-looking information included in this Presentation involve subjective judgment and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and may be unknown to, OAU. In particular, they speak only as of the date of this document, they assume the success of OAU's strategies, and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward-looking statements and forward-looking information and the assumptions on which they are based. Recipients of this Presentation are cautioned to not place undue reliance on such forward-looking statements and forward-looking information. Exploration Results This announcement contains OAU's Exploration Results. The information in this presentation that relates to OAU's Exploration Results has been extracted from OAU's previous ASX Copies of these announcements are available at www.asx.com.au or https://www.ora.gold/asx-announcements. The Competent Person for these announcements was Mr Costica Vieru. OAU confirms that it is not aware of any new information or data that materially affects the information included in those announcements. OAU confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from those announcements. JORC Code and Mineral Resources It is a requirement of the ASX Listing Rules that the reporting of ore reserves and mineral resources in Australia comply with the Joint Ore Reserves Committee's Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ("JORC Code"). Investors outside Australia should note that while mineral resource estimates of OAU in this Presentation comply with the JORC Code, they may not comply with the relevant guidelines in other countries and, in particular, do not comply with (i) National Instrument 43-101 (Standards of Disclosure for Mineral Projects) of the Canadian Securities Administrators; or (ii) Item 1300 of Regulation S-K, which governs disclosures of mineral reserves in registration statements filed with the SEC. Information contained in this Presentation describing mineral deposits may not be comparable to similar information made public by companies subject to the reporting and disclosure requirements of Canadian or US securities laws. ASX:OAU 2#3Advanced Murchison Gold & Base Metals Garden Gully Project Plutonic Gold Operation Degrussa Copper- Gold Operation Meekatharra 父 Andy Well Gold Project Meekatharra Gold Operation (3Moz) Leinster Ora Gold's assets provide a launchpad for consolidation in the Murchison Region of Western Australia C Advanced Explorer - High grade gold project near processing facilities Resource Upside - Recent drilling at Crown Prince prospect demonstrates mineralisation is open at depth and indicates substantial upside to current resource position Building the Team - CEO Alex Passmore has a strong track record of building technical & operational teams and commercialising assets Value Accretive Transactions Available - Organic and inorganic growth options to be pursued Experienced Board - With a long track record of success in exploration, value adding and bringing assets into production Cue Gold Operation (4Moz) Mt Magnet Mine (3Moz), 父 父 Kirkalocka (1Moz) 父 Golden Grove (1Moz) 父 ASX:OAU Agnew (2Moz) 父 Kalgoorlie Super Pit (27Moz) Southern Cross 父 ORA GOLD LIMITED 3#4Corporate Overview ■ ■ ■ ☐ Advanced explorer with the high-grade Garden Gully Gold Project CEO Alex Passmore - a well credentialled mining executive to facilitate growth and to build out OAU's technical & operational team Experienced Board with a long track record of success Well-funded following recent capital raising. Good broker syndicate for support Market appreciation of the high-grade Crown Prince Prospect is building with increased volumes and supportive shareholders joining the register Board Rick Crabb Frank DeMarte Mal Randall Management Non-Executive Chairman Executive Director & Company Secretary Non-Executive Director Alex Passmore Costica Vieru CEO Exploration Manager Capital Structure (OAU.ASX) Share price (13/07/2023) Shares on issue Options & Perf Rights on issue Market Capitalisation Cash (est, pro-forma June + CR) Debt Net Cash Enterprise Value Top 20 = 49% -3,200 shareholders ASX:OAU Share Price Performance SA $ 0.007 1.4 # 4,687m 1.2 # 1,829m 1 SA SS $32.81m 0.8 wh W 0.6 $4.0m 0.4 $ Nil 0.2 SA SA $4.0m $28.81m 0 13/07/2022 13/08/2022 13/09/2022 13/10/2022 13/11/2022 13/12/2022 13/01/2023 13/02/2023 13/03/2023 13/04/2023 13/05/2023 13/06/2023 Vol OAU 13/07/2023 180 160 140 120 100 80 60 40 20 0 ORA GOLD LIMITED#5Garden Gully Project – High Grade Gold Project in WA Well Located Highly Prospective Project " ■ Commanding 217km² position in the Abbotts Greenstone Belt located in Western Australia to the north of well-established gold centre Meekatharra The belt is prospective for large gold and base metal deposits ■ Tenure includes granted Mining Leases over Crown Prince, Lydia and Abbotts prospects ☐ Potential for early, shallow open pit production at Crown Prince* Ora Gold Tenement Outline Ora Gold Prospect Processing Plant Mines Prospects Gold Occurence Meeka Minerals Tenement Outline Westgold Tenement Outline Great Boulder Resources Tenement Outline Highways/Roads 10km Projection: MGA Zone 50 (GDA94) 90mE 50km 650000mE ORA GOLD LIMITED 7100000mN Andy Well 25km Government Well (Gold/Cu-Pb-Zn) Abbotts (Gold) Gnaweeda Youngs (Gold) ☐ Close to Meekatharra supporting efficient logistics ☐ Circa 20km north of Westgold Limited's (WGX.ASX) 1.8 Mtpa Bluebird Processing Plant (Meekatharra Gold Operations "MGO")** * Refer ASX release on Scoping Study released 11 December 2019 ** Refer Westgold Ltd (WGX.ASX) release on 27 January 2023, Figure 8 ASX:OAU 7075000mN Crown Prince (Gold) Lydia (Gold) Transylvania (Gold) Viking (Gold) Kingswood (Gold) Abernethy South (Gold) Sabbath East (WGX) Mulga Bill Goldfields Highway Meekatharra 7050000mN Bluebird Bluebird Processing Plant 7025000mN 625000mE 220 7075000mN ORA GOLD LIMITED 0 Paddys Flat Group 7050000mN Meekatharra Sandstone Road 650000mE Garden Gully Location Plan Garden Gully Project WESTERN AUSTRALIA 5#6Garden Gully Project – Multiple Prospects - Garden Gully comprises a series of gold and base metals prospects on the eastern side of Abbots Greenstone belt, Western Australia Structurally deformed, prospective and mineralised Archean greenstone belt. Abernethy Shear Zone runs through the eastern part of the belt is a major regional structure Crown Prince: Scoping Study (ASX Announcement - 11 December 2019) indicates initial oxide open pit production target of 177,472t at 4.14g/t Au (22,444oz Au)* ■ Current Mineral Resource 479kt @ 3.6 g/t Au for 55,000oz contained gold.** Historical mine production of 29,400t at 21g/t Au yield Excellent underground potential with deepest drill intersection at 259m (8m at 22.3g/t Au)*** Lydia: ◉ Very high grade near-surface intersections and underground potential open beyond 200m**** Abbotts: 7 100 000mN 625 000mE 0 10 kilometres Government Well (Gold/Cu-Pb-Zn) Belele 7 075 000mN Carnarvon Meekatharra Road LEGEND Abernethy Shear Zone Prospective Greenstone Belt Granite Archaean Gneissic Basement Proterozoic sediments ■ Deposit length over 1,700m strike with sparse drilling to 170m around historical high-grade mines (37,100t at 32g/t Au yield) **** * Refer ASX release on Scoping Study released 11 December 2019 ** Refer ASX release on Mineral Resource released 21 October 2019, *** Refer ASX Release (THX.ASX) 12 December 2017, **** Refer ASX release released 25 February 2022 $ ASX:OAU Lydia (Gold) 650 000mE Abbotts (Gold) Great Northern Highway Young (Gold)) Crown Prince (Gold) Transylvania (Gold) 675 000mE Andy Well Greenwood Goldfields Highway Viking (Gold) Kingswood (Gold) Abernethy South (Gold) MEEKATHARRA Location Map Bluebird Sandstor ~1.8Mtpa Gold plant Garden Gully O Kalgoorlie PERTH Abbots Greenstone Belt showing Prospects 20220707 GG285 ORA GOLD LIMITED#7Crown Prince Prospect High Grade - Mineralisation in Offset Dilational Jogs, which have then undergone folding and shearing 0 100 m 645 600mE 645 800mE Main Ore Body (MOB) 7 073 880mN 7 073 600mN South Eastern Ore Body (SEB) M51/886 LEGEND New Interpretation of Orebody Prospect Cross Section Line Shear zone -Proterozoic dyke Potential off-set (dextral movement) Refer ASX release on 08 May 2023 ** Refer ASX release on 22 May 2023 ASX:OAU Northern Ore Body (NOB) 646 000mE 646 200mE OGGRC483 [email protected]/t Au (6-18m) Crown Prince OGGRCDD470 OGGDD524 OGGRCDD469 OGGDD536 OGGDD538 OGGDD536 6.8m @17.74g/t Au (142-148.8m) GGRC491 25m2.00g/t Au (3-28m) OGGRC490 13m @21.9g/t Au (32-45m) 9m @ 6.22g/t Au (57-66m) OGGRC489 16m @ 35.77g/t Au (28-44m) 3m @ 20.38g/t Au (10-13m) OGGDD537 6.4m @26.39 g/t Au 127.4-133.8m) OGGDD537 OGGRC488 40m @ 17.33g/t Au (30-72m) [email protected]/t Au (35-54m) Recent Slim RC Drill Collars (Assays Pending) Recent DD diamond tail (Assays Pending) Recent DD trace (Assays Pending) Plunge of Anticline Downhole Au g/t • 0.5 to 0.8 g/t Au 3.0 to 4.0 g/t Au 0.8 to 1.0 g/t Au 1.0 to 2.0 g/t Au • 2.0 to 3.0 g/t Au • >= 7.0 g/t Au B 475mRL 425mRL 50 Metres Drill Hole With Significant Intersection Drill Hole Diamond and RC Assays Pending Intersection Grade (g/t Au) > 10 1-10 0.5-1 0.1-0.5 Gold Mineralisation (>10.0g/t) Gold Mineralisation (Interpreted) Mineralisation Envelope (> 1 g/t) Inferred Mineralisation Envelope Extension Laterite Cap Saprolite Clay Weathered Dolerite Fresh Dolerite QOGGDD538 OPEN OGGRC471 QOGGDD524 OOGGRC461 O0GGRC460 CVX - Lode QOGGRC457 QOGGRC502 100m Zom OGGRC483 66m OGGRC518 80m OGGRC517 ORA GOLD LIMITED 12m @ 9.73g/t Au fr 6m 80m 21m @ 2.53g/t Au fr Om B' BOCO TOFR 425mRL 93m 112m 23m @ 8.5g/t Au fr 22m incl. 17m @ 10.73g/t Au fr 28m 375mRL 33m @ 12.72g/t Au fr 57m incl. 17m @ 24.4g/t Au fr 67m 143m 142.1m 21m @ 11.05g/t Au from 113m incl. 9m @22.24g/t Au fr 121m ORA GOLD LIMITED 4.0 to 5.0 g/t Au 5.0 to 6.0 g/t Au 254.6m High Grade Intercepts in OGGRC461 (33m @ 12.72 g/t Au, 57m down hole depth)* - then followed up at depth - OGGRC471 (21m @ 11.05 g/t Au, 113m down hole depth)** 7#8Crown Prince Prospect High Grade - SEB plunging fold, mineralisation concentrated in fold hinge 0 100 m 645 600mE 645 800mE Northern Ore Body (NOB) A 646 000mE 646 200mE QOGGRC464 OGGRC458 OGGRC535 QOGGRC488 QOGGRC489 OGGRC490 OGGRC534 OOGGRC491 OGGRC483 12m @9.73g/t Au (6-18m) 475mRL 10m @ 2.65g/t Au fr Om 25m @ 2.0g/t Au fr 3m BOCO Main Ore Body (MOB) 7 073 880mN OGGRC491 25m @280g/t Au (3-28m) OGGRC490 3m @ 20.38g/t Au fr 10m B' Crown Prince [email protected]/t Au (32-45m) 9m @ 6.22g/t Au (57-66m) OGGRC489 40m @ 17.53g/t Au fr 30m Incl 19m @ 36.80g/t Au fr 35m 13m @21.9g/t Au fr 32m TOFR 50 Metres South Eastern Ore Body (SEB) 16m @ 35.77g/t Au (28-44m) 3m @ 20.38g/t Au (10-13m) 55m 54m Drill Hole With Significant Intersection OGGRCDD470 OGGDD524 7 073 600mN OGGRCDD469 OGGDD536 OGGDD538 OGGDD536 6.8m @17.74g/t Au (142-148.8m) OGGDD537 [email protected] g/t Au (1274-133.8m) OGGDD537 OGGRC488 [email protected]/t Au (30-72m) [email protected]/t Au (35-54m) Drill Hole Assays Pending 60 16m @ 35.77g/t Au fr 28m 61m 66m 425mRL 9m @ 6.22g/t Au fr 57m Current nct 2 X4m & 131 g1A 122.4m A131.m Intersection Previously Announced Intersection 80m 86m Intersection Grade (g/t Au) > 10 OPEN M51/886 LEGEND New Interpretation of Orebody Prospect Cross Section Line Shear zone -Proterozoic dyke Potential off-set (dextral movement) Recent Slim RC Drill Collars (Assays Pending) Recent DD diamond tail (Assays Pending) Recent DD trace (Assays Pending) Plunge of Anticline Downhole Au g/t • 0.5 to 0.8 g/t Au 3.0 to 4.0 g/t Au 0.8 to 1.0 g/t Au 4.0 to 5.0 g/t Au 1.0 to 2.0 g/t Au 5.0 to 6.0 g/t Au • 2.0 to 3.0 g/t Au • >= 7.0 g/t Au 1-10 0.5-1 0.1-0.5 Mineralisation Envelope (> 10 g/t Au) Gold Mineralisation (Interpreted) Mineralisation Envelope (>1 g/t Au) Inferred Mineralisation Envelope Extension Laterite Cap Saprolite Clay Weathered Dolerite Fresh Dolerite OPEN OPEN 124m Planned Diamond Tail for RC drill hole OGGRC464 375mRL OPEN 6.4m @ 26.39 g/t Au fr 127.4m incl. 2.8m @ 58.53 g/t Au fr 131.7m Section pierce point for Diamond drill hole OGGDD537 ORA GOLD LIMITED Anticlinal structure at SEB Refer ASX release on 08 May 2023 ** Refer ASX release on 22 May 2023 ASX:OAU 8 A' ORA GOLD LIMITED#9Crown Prince Prospect Oxide / Weathered Zone in OGGRC461 ■ Gold mineralisation occurs within structurally controlled quartz veins that dip steeply to the south-west ■ These zones are modelled to be dilational jogs which have been refolded and offset by later deformational events ■ Several offset lodes in the Crown Prince Prospect ■ Shallow drilling for pathfinder geochemistry with structural modelling has delivered solid results Initially Ora confirmed high-grade, free milling, oxide/supergene gold mineralisation to ~80m in several lodes. Some risk of possible enrichment at the BOCO/TOFR horizons ■ Then deeper drilling delivers.... 20-21 42 22 43 13 44 24 24-25 hoh HI 28 18-08 Sh-hh 子 29 29-30 31 32 33m @ 12.72 g/t Au from 57 – 90m 62 63 49 83 84 84-85 92 3-415 00 DO 8 6% 69-70 90 It L FR 72 73 Refer OAU ASX Announcement 8 May 2023 ASX:OAU S4- 34-35 74-75 97 98 99 9 001-bb SR 08-bt 59-60 39 ORA GOLD LIMITED 39-40#10Crown Prince Prospect High Grade Primary Mineralisation in OGGRC471 ■ Confirms continuity of the high grade lode at SEB Importantly mineralisation is hosted in sheared mafic rocks and quartz lodes below the base of oxidation ■ Indicates that the high grade mineralisation is likely to be continuous and is not a weathering or upgrading artefact Mineralogy and metallurgy expected to be clean. Test work underway. Refer OAU ASX Announcement 22 May 2023 ASX:OAU ORA GOLD LIMITED mas Si if 100-150 122 2210 Py lol 102 1103 (G4 105 106 687 104 109 110 111 112 113 114 115 116 118 เท 119 120 AS AS2 s 150-140 21m @ 11.05 g/t Au from 113m to 134m 121 122 123 124 125 126 10 12- 128 129 130 131 132 133 134 135 136 137 138 139 140 Incl. 5m @38.47 g/t Au from 121m to 126m 141 142 143 144 145 146 147149 149 150 151 152 153 154 155 156 157 158 159 160 10#11ORA GOLD LIMITED 645 800 7073 750m 645 850mE 845 900E 707330 845 950ME A GGDH10 KAC10 GGRC4 KAC26 & 57 TGGRCDD110 TGGRC103 TGGRCDD099 9.7m @15.89g/t Au (43.5-53.2m) Seprolite 450mRL 4.7m @ 4.22g/t Au (98.5-103.2m) 11m @ 6.24g/t Au (20-34m) 20m @0.94git Au (37-57m) depleted zone 400mRL BOX 13.9m @1.0g/t Au (47.0-60.9m) 34m @ 1.92g/t Au (24-58m) 1073825 A' KAC41 Laterite Mineralisation 11m @ 1.82g/t Au (0-11m) 2m @ 4.05g/t Au (16-18m) 9m @ 3.19g/t Au (1-10m) 2m @ 4.12g/t Au (26-28m) 34m @2.36g/t Au (26-60m) 14m @6.54g/t Au (45-59m) 3.5m @7.6g/t Au (109.0-112.5m) Stope Mined Ore 12m @2.22g/t Au (62-74m)] Free god at 128.80m (ASX 1 Nov 2017) 14m @ 6.54g/t Au (45-59m) 1m @ 16.4g/t Au (74-75m) 9.4m @2.8g/t Au (151.1-160.5m) 350m RL 7.1m @3.4g/t Au (129.0-136.1m) [email protected]/t Au (166.0-172.0m) Main Lode 28.0m @ 1.4g/t Au (181.0-209.0m) 219.6m 300mRL 213.6m 229m Crown Prince Prospect - Upside at Depth ■ Gold mineralisation occurs within structurally controlled quartz veins that dip steeply to the south-west ■ These veins are relatively continuous along strike to the north-west and south- east (100's metres) until are offset by local north-south shear zones ◉ Exploration model to be tested in 2023 repetitions of lodes anticipated ■ Gold is associated with quartz veining and carbonate alteration in dilational jogs and in wall rock alteration zones ■ Very similar mineralisation characteristics to Andy Well Gold Deposit (High Grade Wilbur Lode). Silica-carbonate-sericite wall rock alteration. Fuchsite and associated sulphide alteration ■ Confirmed high-grade, free milling, oxide/supergene gold mineralisation to ~80m Open at depth - 8m at 22.3g/t Au from 259m (TGGRCDD110)* Deep extensions expected as en echelon / stacked lodes open at depth, similar to the Great Fingall/Golden Crown deposits at Cue (~1.5Moz Au endowment to a depth of 750m) * Refer ASX Release (THX.ASX) 12 December 2017 ASX:OAU Hangingwall Dolenite 250mRL 3.0m @ 14.1g/t Au (241.3-244.3m) 200mRL Drill hole trace BOX Anomalous gold (0.1-0.001) Base of oxidation Shearing 293m Strongly Deformed Ultramafic Rocks 8.0m @22.3g/t Au (259.2-267.2m) 357.8m GARDEN GULLY CROWN PRINCE GOLD PROJECT A-A' Looking North-West Cross Section 2017112 05051 Mated 220821100 Crown Prince High Grade Primary Mineralised Intercepts at depth (8m @ 22.3 g/t Au from 259.2m - 267.2m down hole depth TGGRCDD110)* 11#12Strategic Plan 1. Capital Raising, Funding and Introduction of New Investors $2m Placement and $1m SPP million announced. Placement completed. SPP in progress. Funds applied to exploration and growth Placement introduces strong new cornerstone investors as the market appreciation of Crown Prince grows SPP at the same price as Placement to existing shareholders På 2. Building the Project to Scale Company to progress exploration at the Garden Gully Project with a focus on Crown Prince ■ Drill program underway with resource upside ■ Crown Prince open at depth with high grade zones untested Project to attract regional partners with scale 3. Commercialise Crown Prince ■ Crown Prince currently presents as a potential toll milling operation* The deposit has the potential to grow into a substantial additional feed for nearby mills or to be a stand-alone operation Project acquisition opportunities being studied ■ Toll milling discussions to recommence * Refer ASX release on Scoping Study released 11 December 2019 ASX:OAU ORA GOLD LIMITED 12#13Contact Alex Passmore | Chief Executive Officer (08) 9389 6927 ☑[email protected] www.ora.gold Level 2, 47 Stirling Hwy, Nedlands Western Australia 6009 ASX:OAU ORA GOLD LIMITED 13#14Competent Person Statement Exploration Results The details contained in this report that pertain to Exploration Results are based upon, and fairly represent, information and supporting documentation compiled by Mr Costica Vieru, a Member of the Australian Institute of Geoscientists and a full-time employee of the Company. Mr Vieru has sufficient experience which is relevant to the style(s) of mineralisation and type(s) of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). Mr Vieru consents to the inclusion in this report of the matters based upon the information in the form and context in which it appears. Mineral Resources The details contained in this report that pertain to Mineral Resources are based upon, and fairly represent, information and supporting documentation compiled by Mr Philip Mattinson, Mr Costica Vieru, Mr Philip Bruce and Mr Brian Fitzpatrick. Mr Mattinson and Mr Vieru are Members of the Australian Institute of Geoscientists. Mr Mattinson is a consultant to the Company, Mr Vieru is a full-time employee of the Company and Mr Bruce is a Fellow of the Australasian Institute of Mining and Metallurgy and a former Director of the Company. Mr Fitzpatrick is a Principal Geologist with Cube Consulting Pty Ltd and a Member of the Australasian Institute of Mining and Metallurgy, who has undertaken check validation and geo/statistical assessment of the data, then block modelled and estimated the tonnage and grade of the mineralisation, which was assessed by Mr Vieru and Mr Bruce for appropriate cutoff grade and to confirm resource categorisation. The Competent Persons have sufficient experience which is relevant to the style(s) of mineralisation and type(s) of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). All consent to the inclusion in this report of the matters based upon their input into the information in the form and context in which it appears. All material assumptions and technical parameters underpinning the mineral resources have not materially changed. Production Targets ORA GOLD LIMITED The details contained in this report that pertain to Production Results are based upon, and fairly represent, information and supporting documentation compiled by Mr Philip Mattinson, Mr Costica Vieru, Mr Philip Bruce and Mr Brian Fitzpatrick. Mr Mattinson and Mr Vieru are Members of the Australian Institute of Geoscientists. Mr Mattinson is a consultant to the Company, Mr Vieru is a full-time employee of the Company and Mr Bruce is a Fellow of the Australasian Institute of Mining and Metallurgy and a Director of the Company. Mr Fitzpatrick is a Principal Geologist with Cube Consulting Pty Ltd and a Member of the Australasian Institute of Mining and Metallurgy, who has undertaken check validation and geo/statistical assessment of the data, then block modelled and estimated the tonnage and grade of the mineralisation, which was assessed by Mr Vieru and Mr Bruce for appropriate cutoff grade and to confirm resource categorisation. The Competent Persons have sufficient experience which is relevant to the style(s) of mineralisation and type(s) of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). All consent to the inclusion in this report of the matters based upon their input into the information in the form and context in which it appears. * Refer ASX Release (THX.ASX) 12 December 2017 ASX:OAU 14