New Risk • Apr 27
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$195k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (109% accrual ratio). Minor Risk Significant insider selling over the past 3 months (AU$195k sold). Recent Insider Transactions Derivative • Feb 05
Independent Non-Executive Chairman exercised options and sold AU$1.1m worth of stock On the 3rd of February, Rick Crabb exercised options to acquire 17m shares at no cost and sold these for an average price of AU$0.065 per share. This trade did not impact their existing holding. Since September 2025, Rick has owned 119.12m shares directly. Company insiders have collectively sold AU$3.0m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Feb 05
Independent Non-Executive Chairman recently sold AU$195k worth of stock On the 3rd of February, Rick Crabb sold around 3m shares on-market at roughly AU$0.065 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth AU$1.2m. This was Rick's only on-market trade for the last 12 months. Announcement • Jan 06
New Murchison Gold Limited, Annual General Meeting, Feb 27, 2026 New Murchison Gold Limited, Annual General Meeting, Feb 27, 2026. New Risk • Dec 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m (AU$117k revenue, or US$78k). Minor Risk Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Announcement • Jun 26
New Murchison Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 12 million. New Murchison Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 12 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 470,588,235
Price\Range: AUD 0.017
Discount Per Security: AUD 0.00102
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 235,294,118
Price\Range: AUD 0.017
Discount Per Security: AUD 0.00102
Transaction Features: Subsequent Direct Listing Reported Earnings • May 28
First half 2025 earnings released: EPS: AU$0 (vs AU$0 in 1H 2024) First half 2025 results: EPS: AU$0 (in line with 1H 2024). Net loss: AU$1.43m (loss narrowed 6.2% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Mar 20
New Murchison Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 16.5 million. New Murchison Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 16.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,269,230,769
Price\Range: AUD 0.013
Discount Per Security: AUD 0.00078
Transaction Features: Subsequent Direct Listing Recent Insider Transactions Derivative • Feb 26
Non-Executive Independent Director exercised options to buy AU$109k worth of stock. On the 24th of February, Malcolm Roger Randall exercised options to buy 10m shares at a strike price of around AU$0.006, costing a total of AU$59k. This transaction amounted to 38% of their direct individual holding at the time of the trade. Since March 2024, Malcolm Roger has owned 25.75m shares directly. Company insiders have collectively bought AU$322k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.1m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Revenue is less than US$1m (AU$126k revenue, or US$79k). Minor Risk Market cap is less than US$100m (AU$74.1m market cap, or US$46.2m). Announcement • Jan 09
New Murchison Gold Limited, Annual General Meeting, Feb 28, 2025 New Murchison Gold Limited, Annual General Meeting, Feb 28, 2025. Location: at quest kings park, kings park room, level 1, 54 kings park road, west perth, western australia, Australia Announcement • Dec 13
New Murchison Gold Limited Auditor Raises 'Going Concern' Doubt New Murchison Gold Limited filed its Annual on Dec 11, 2024 for the period ending Sep 30, 2024. In this report its auditor, Stantons International, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Reported Earnings • Dec 12
Full year 2024 earnings released: EPS: AU$0 (vs AU$0.001 loss in FY 2023) Full year 2024 results: EPS: AU$0. Net loss: AU$2.71m (loss widened 26% from FY 2023). Recent Insider Transactions Derivative • Nov 07
Independent Non-Executive Chairman exercised options to buy AU$201k worth of stock. On the 1st of November, Rick Crabb exercised options to buy 20m shares at a strike price of around AU$0.006, costing a total of AU$121k. This transaction amounted to 21% of their direct individual holding at the time of the trade. Since December 2023, Rick's direct individual holding has increased from 92.81m shares to 97.81m. Company insiders have collectively bought AU$220k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Jun 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 81% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Revenue is less than US$1m (AU$24k revenue, or US$16k). Minor Risk Market cap is less than US$100m (AU$32.1m market cap, or US$21.4m). Announcement • May 30
Ora Gold Limited has filed a Follow-on Equity Offering. Ora Gold Limited has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,335,158,740
Transaction Features: Subsequent Direct Listing Announcement • Jan 10
Ora Gold Limited, Annual General Meeting, Feb 28, 2024 Ora Gold Limited, Annual General Meeting, Feb 28, 2024, at 10:30 W. Australia Standard Time. Location: Quest Kings Park, Kings Park Room, Level 1, 54 Kings Park Road, West Perth Western Australia Australia Reported Earnings • Dec 20
Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in FY 2022) Full year 2023 results: AU$0.001 loss per share (improved from AU$0.002 loss in FY 2022). Net loss: AU$2.16m (loss narrowed 6.7% from FY 2022). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Nov 04
Ora Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million. Ora Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 833,333,333
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00036
Transaction Features: Subsequent Direct Listing Announcement • Sep 27
Ora Gold Limited, Annual General Meeting, Oct 27, 2023 Ora Gold Limited, Annual General Meeting, Oct 27, 2023, at 10:00 W. Australia Standard Time. Location: Company's Board Room, Level 2, 5 Ord Street West Perth Australia Agenda: To consider and ratify the prior issues of placement shares as per the rules; to consider and ratify the prior issues of completion consideration shares and to consider other business matters. Announcement • Sep 23
Ora Gold Limited (ASX:OAU) completed the acquisition of Murchison Project of Sipa Exploration NL for AUD 1.4 million. Ora Gold Limited (ASX:OAU) entered into a binding agreement to acquire Murchison Project of Sipa Exploration NL for AUD 1.4 million on August 7, 2023. Under the terms, Ora Gold will pay AUD 0.6 million in cash and will issue 133 million shares as consideration of which 50% of cash payment and share consideration is payable on completion and the balance in 3 months after completion. Transaction is subject to obtaining all third-party approvals and consents (including any authorizations from any government agency) necessary. Settlement of the transaction is expected to be completed on or around August 31, 2023. The acquisition is highly complementary to Ora Gold’s advanced Garden Gully Project and is considered value accretive for shareholders. Ora Gold Limited (ASX:OAU) completed the acquisition of Murchison Project of Sipa Exploration NL on September 21, 2023. Announcement • Aug 08
Ora Gold Limited (ASX:OAU) entered into a binding agreement to acquire Murchison Project of Sipa Exploration NL for AUD 1.4 million. Ora Gold Limited (ASX:OAU) entered into a binding agreement to acquire Murchison Project of Sipa Exploration NL for AUD 1.4 million on August 7, 2023. Under the terms, Ora Gold will pay AUD 0.6 million in cash and will issue 133 million shares as consideration of which 50% of cash payment and share consideration is payable on completion and the balance in 3 months after completion. Transaction is subject to obtaining all third-party approvals and consents (including any authorizations from any government agency) necessary. Settlement of the transaction is expected to be completed on or around August 31, 2023. The acquisition is highly complementary to Ora Gold’s advanced Garden Gully Project and is considered value accretive for shareholders. Reported Earnings • Jun 10
First half 2023 earnings released: AU$0.06 loss per share (vs AU$0.001 loss in 1H 2022) First half 2023 results: AU$0.06 loss per share. Net loss: AU$876.1k (loss narrowed 23% from 1H 2022). Announcement • Jan 17
Ora Gold Limited Announces Further High-Grade Results from the Remaining Assays of the Latest Drilling Program At the Crown Prince Gold Prospect Ora Gold Limited announced further high-grade results from the remaining assays of the latest drilling program at the Crown Prince Gold Prospect (M51/886).The drill holes were designed to test for potential extensions to mineralised zones along strike of known mineralisation to the north-west and south-east.The Crown Prince Prospect is a high-grade gold deposit within Ora Gold's Garden Gully Project. Mineralisation at Garden Gully is controlled by gold bearing structures located in geologically favourable settings within the Archean-age Abbots greenstone belt. At Crown Prince, where mineralisation is hosted in steeply south dipping gold lodes, these new drill results extend the known mineralisation along strike to the west and east. Crown Prince is located 22 kilometres north-west of Meekatharra in Western Australia via the Great Northern Highway and the Mt Clere Road. The Crown Prince deposit is a structurally controlled, orogenic type and is hosted by more competent doleritic rocks above a strongly deformed and ductile ultramafic package and as stockwork veins along the contacts of intercalated black shale units. Some gold mineralisation occurs in the near surface indurated and saprolitic layers in the lateritic profile as supergene mineralisation. Importantly, in fresh rock, gold mineralisation occurs in quartz veins hosted by chloritized, carbonated and strongly sheared meta-basalt, dolerite, black shale units and quartz porphyry, showing strong sericite-carbonate alteration in the vicinity of the quartz veins. Locally, mineralisation at Crown Prince is hosted within WNW - ESE striking (steep southerly dip) quartz rich lodes. These lodes are offset by N-S to NNE trending shears, which are interpreted to have a near vertical dip or to dip steeply to the west. Movement along the shears is dextral, displacing mineralisation with offsets of around 100 metres. This pattern of offset lodes was not previously recognised and substantially opens up the potential for new discoveries along strike of known mineralization. South-eastern extension of the mineralization- another significant gold lode was intersected in OGGAC457 hole approximately 40m east/north-east of OGGAC456 which previously returned 17m @ 15.75g/t Au from 30m, incl. 6m @ 38.06g/t Au from 41m. This new lode (CVX) displays some distinct characteristics and has returned 23m @ 8.5g/t Au from 22m, including 17m @ 10.73g/t Au from 28m (Figure 2). Several samples have been submitted for petrographic and mineragraphic analyses. These are the best two drill intercepts identified to date at Crown Prince Prospect. The main shear in this area shows dextral movement off-setting the main ore body by approximately 100m to the south-west. Interesting to notice that OGGAC453 which has targeted a SAM (sub-audio magnetics) conductor,has intersected a wide interval of low-grade gold with a distinctive sheared zone of 6m @ 1.4g/t Au from 40m. The last hole OGGAC558 which was abandoned in mineralization at 55m has returned 1m @ 2.60g/t Au within 54-55m interval. Announcement • Jan 09
Ora Gold Limited, Annual General Meeting, Feb 24, 2023 Ora Gold Limited, Annual General Meeting, Feb 24, 2023, at 10:30 W. Australia Standard Time. Location: Room, Level 1, Trinity on Hamden 230 Hampden Road Crawley Western Australia Australia Reported Earnings • Dec 21
Full year 2022 earnings released: AU$0.002 loss per share (vs AU$0.003 loss in FY 2021) Full year 2022 results: AU$0.002 loss per share (improved from AU$0.003 loss in FY 2021). Net loss: AU$2.31m (loss narrowed 3.8% from FY 2021). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Dec 16
Ora Gold Limited Announces New High Grade Gold Intercepts at Crown Prince Ora Gold Limited announced new, high-grade results from the latest drilling program at the Crown Prince Gold Prospect (M51/886). The drill holes were designed to test for potential extensions to mineralised zones along strike of known mineralisation to the north-west and south-east. The Crown Prince Prospect is a high-grade gold deposit within Ora Gold's Garden Gully Project. Mineralisation at Garden Gully is controlled by gold bearing structures located in geologically favourable settings within the Archean-age Abbots greenstone belt. At Crown Prince, where mineralisation is hosted in steeply south dipping gold lodes, these new drill results extend the known mineralisation along strike to the west and east. Crown Prince is located 22 kilometres north-west of Meekatharra in Western Australia via the Great Northern Highway and the Mt Clere Road. The Crown Prince deposit is a structurally controlled, orogenic type and is hosted by more competent doleritic rocks above a strongly deformed and ductile ultramafic package and as stockwork veins along the contacts of intercalated black shale units. Some gold mineralisation occurs in the near surface indurated and saprolitic layers in the lateritic profile as supergene mineralisation. Importantly, in fresh rock, gold mineralisation occurs in quartz veins hosted by chloritized, carbonated and strongly sheared meta-basalt, dolerite, black shale units and quartz porphyry, showing strong sericite-carbonate alteration in the vicinity of the quartz veins. South-eastern extension of main ore body - identified within four out of five holes drilled north- easterly of known mineralisation. A cross-section showing the most important drill line with shallow gold-intercepts is displayed in Figure 3 (8m @ 5.75g/t Au from 10m in OGGAC455 and 17m @ 15.75g/t Au from 30m in OGGAC456, incl. 6m @ 38.06g/t Au from 41m). These are the best drill intercepts identified to date at Crown Prince Prospect. The main shear in this area shows dextral movement off-setting the main ore body by approximately 100m to the south-west. One drill hole (OGGAC454) missed the main ore zone, intersecting above the target horizon, while OGGAC457 intersected a ferruginized gold-bearing quartz from 16m to 45m. Assays from only the top 2m of this hole have been received to date (2m @ 5.57g/t Au from 16m). The last hole OGGAC558 was abandoned in mineralization at 55m due to technical issues. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Chairman Rick Crabb was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 10
Ora Gold Limited Announces Resignation of Philip Bruce as Non Executive Director, with Effect from September 16, 2022 Ora Gold Limited announced that Non-Executive Director, Mr. Philip Bruce has resigned from the Company's Board with effect from 16 September 2022. Mr. Bruce joined the Board in March 2019 and performed an important role in guiding and advising the technical team undertaking the work to identify resources to JORC 2012 standards on the Company's extensive landholding at Garden Gully and Abbotts. Announcement • Jul 13
Ora Gold Limited Announces Gold Potential on Abernethy Shear Zone Ora Gold Limited announced that the previous air core and recent diamond hole have returned encouraging gold intersections at Kingswood prospect and the assessment of previous work along the entire Abernethy Shear Zone indicates potential for significant gold discoveries within this deep crustal structure. The core from the recent diamond hole has added significant structural and geochemical data on the tonalitic intrusion and its gold potential along the 4km strike length between Abernethy Well South and Airstrip gold prospects. Abernethy Shear Zone is one of the best-defined mineralised structures in the entire Abbotts Greenstone Belt and has the potential to significantly increase gold resources in addition to Crown Prince, Lydia and Transylvania. It has been targeted in the past by various explorers including WMC Resources Ltd., Tantalum Australia NL, Australian Gold Mines, Accent Resources and more recently Doray Minerals Ltd. It is completely concealed by transported cover and was defined by sparse drilling between the Viking prospect to the north-east, and Abernethy Well South to the south-west over a strike length of more than seven kilometres. Apart from the Kingswood prospect, many gold occurrences have been previously drilled along the Abernethy Shear Zone and shallow targets include outcropping basement to the east of the Airstrip prospect where the transported cover is very thin. In addition to gold mineralisation, the zone remains prospective for sulphide-related deposits as indicated by the Doray, 2013 electromagnetic survey, which identified many basement conductors that remain untested. Interpretation of the lithology from historical drilling shows that the best gold intersections were returned from the strongly deformed footwall and hanging wall of a competent tonalitic intrusive with the metasediments and chloritic schists. Limited air core drilling undertaken by Ora Gold in November 2021 returned encouraging gold intersections at the Kingswood prospect over 1.6 kilometres on the median part of the Abernethy Shear Zone and where most of the drilling was undertaken by Doray Minerals during the 2011-2012 exploration program. Kingswood Gold Prospect-Abernethy Shear Zone Diamond hole OGGDD439 was drilled easterly at the Kingswood prospect totalling 225.4m and was aimed to gain structural, lithological and metallogenic information of the tonalitic intrusive emplaced within the Abernethy Shear Zone. The hole was designed to also test the down dip extension of previous gold mineralisation intersected by air core drill holes. The hole was drilled from surface with HQ diameter to the depth of 95.4m and reduced to NQ2 to the final depth of 225.4m. The current detailed core logging, systematic hand-held XRF readings and petrological samples show a complex mineralised felsic-intermediate-mafic intrusion within this section of the regional Abernethy Shear Zone which is located within the proximity of the granitic continental margin. Petrographic and mineragraphic descriptions of various sections of the core done by Craig Rugless from Pathfinder Exploration Pty. Ltd. show that the tonalitic intrusion has both margins of quartz-dioritic composition. It is suggested that the felsic core of the high-level intrusion could be differentiated from the same type of magma. Petrology shows a leuco-tonalite rock for the more competent and brittle core which hosts various quartz veins with sulphidic veinlets consisting of pyrite, sphalerite, pyrrhotite, chalcopyrite, arsenopyrite and grains of electrum-gold. Most of the brecciated zones with high density of quartz veining, in places, are also hosted by the felsic leuco-tonalite. Significant sections of core loss have been recorded within the hanging wall of the felsic core due to friable consistency of the rock and difficult ground conditions. The more intermediate/mafic edges are strongly deformed and remnants of melanocratic minerals and skeletal grains of magnetite are also present. Low-grade gold mineralisation is also present within more ductile zones of quartz-diorite rocks. Reported Earnings • Jun 15
First half 2022 earnings released First half 2022 results: Net income: (up AU$1.37m from 1H 2021). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • May 13
Ora Gold Limited Completes Diamond Drill Hole at the Kingswood Gold Prospect in the Abernethy Shear Zone Ora Gold Limited has completed a diamond drill hole at the Kingswood gold prospect in the Abernethy Shear Zone, which confirmed deeper mineralisation beneath the wide gold intersections in the recent air core drilling program. OGGDD439 intersected a wide zone of sulphidic mineralisation in the primary zone of the tonalite dyke. This new gold prospect could be intrusive-related gold mineralisation with a structural overprint of gold-enriched quartz veining in stockworks and in wall rocks. Shallow drilling by earlier explorers has intersected gold mineralisation along the seven kilometre Abernethy Shear Zone, though no mining has yet taken place. A reverse circulation program is being planned to expand the mineralisation at depth and along strike. The recent air core program at the Kingswood gold prospect on wholly-owned E51/1790 in the Abbotts Greenstone Belt outlined a large low grade zone of gold mineralisation in the weathered zone above prospective host rocks along a 1.6km strike of the Abernethy Shear Zone. A tonalite intrusive dyke along the shear zone pinches and swells and the wall rock lithologies in contact with the tonalite intrusive are variable. Diamond hole OGGDD439 has now been completed and has intersected bleached primary tonalite with sulphidic mineralisation and brecciation over 39 metres from 113m down hole. The diamond hole intersected stockwork/porphyry-style of mineralisation in the tonalite dyke and with a suite of elements and sulphide minerals often associated with intrusive-related gold deposits - which can be very large, though moderate grade, gold deposits. In addition to the potential of the tonalite itself, the contact zones and cross faults are also extremely good targets for substantial high grade gold mineralisation. The core has been cut and submitted for assaying and the results will be released as available. Further work will be done in planning a reverse circulation drill program to assess the strike and depth extent of this new zone. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Chairman Rick Crabb was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 22
Ora Gold Limited Announces Kingswood Gold Prospect - Deep Drilling Underway At Abernethy Ora Gold Limited has commenced a diamond drill hole at the Kingswood gold prospect in the Abernethy Shear Zone to test for deeper mineralisation beneath the wide gold intersections returned in the recent air core drilling program. Strong gold mineralisation was intersected along a 1.6km strike in the weathered zone of felsic tonalite /mafic /metasediment host rocks within the Abernethy Shear Zone and the large low grade zone of gold mineralisation may extend at depth. The recent air core program at the Kingswood gold prospect on the wholly-owned E51/1790 tenement in the Abbotts Greenstone Belt outlined a large low grade zone of gold mineralisation in the weathered zone above prospective host rocks along the Abernethy Shear Zone. The tonalite intrusive pinches and swells and wall rock lithologies in contact with the tonalite intrusive are variable along the Abernethy Shear Zone. A stockwork/porphyry-style of mineralisation has been noted and in addition to the large deposit potential of the tonalite itself, the contact zones and cross faults are extremely good targets for substantial gold deposits. A diamond hole has commenced under OGGAC410, which returned a wide zone of gold mineralisation (37m at 0.6g/t from 34m including 10m at 1.24g/t from 46m), which quite typical of the shallow Kingswood holes drilled by the Company and by Doray Minerals Limited in 2012. Announcement • Mar 29
Ora Gold Limited Announces Excellent Gold Results At Kingswood and Transylvania Prospects Ora Gold Limited announced that the recent air core drilling program has returned excellent gold intersections at the Transylvania gold prospect, Kingswood prospect (Abernethy Shear Zone) and the Crown Prince East gold prospect. The recent air core drilling program consisted of forty-four holes totalling 2,792m drilled over four prospects to a maximum depth of 93m. Kingswood Gold Prospect - Abernethy Shear Zone P51/1790): Twenty-three air core holes for a total of 1,702m were completed over the Kingswood prospect. The mineralisation in the Abernethy Shear Zone is completely concealed under cover and previous explorers have drilled shallow holes intersecting gold mineralisation at the contact with an intrusive tonalite along a strike length of over seven kilometres. It is noted that several mineralisation styles were encountered with most gold values being hosted by the competent felsic intrusive/tonalite. The best assays were located where the base of oxidation is at the tonalite/metasedimentary contact. The structural setting and lithology are quite variable, with the tonalite intrusive rocks swelling and pinching along the tested strike length. A stockwork/porphyry-style of mineralisation is also present where the tonalite intrusion is emplaced within the dominant chlorite schist/metabasaltic unit which is a better reductant environment for the gold mineralised fluids. It was also noted that where the tonalite is thicker, the gold content tends to be enriched on the hanging wall of the competent intrusive tonalite. In addition to the large deposit potential of the tonalite itself, the contact zones and cross faults in the tonalite are extremely good targets for substantial gold deposits, such as at Cue and Day Dawn areas. As the current drill holes are wide-spaced along a portion of the Abernethy Shear Zone, additional extension drilling and infill and deeper drilling is required. A gravity survey is being considered to better define the tonalite contacts under the cover and shallow diamond drilling will be required to gain structural and metallogenic data of the extensive mineralised system. Fourteen short and vertical air core holes for a total of 665m were completed over the Transylvania prospect and most of them have intersected mineralised shear zones. The current drilling at Transylvania was designed to follow up the previous gold intersections and infill the central part of the SAM target (sub-audio magnetic target, TR01) which was previously defined over an area of scattered shallow old workings and limited shallow drilling. During the current program, all holes were vertical and most have intersected mineralised shear zones trending north-north/easterly with steep westerly dips. Gold intercepts are hosted within a well-defined shear zone located between two mafic units. Mineralised shoots, with a dominant south-westerly plunge, are present within this 25-30m wide deformational zone called Transylvania Shear. The prospect is located 700m east of the Crown Prince deposit and the whole area is covered by transported cover with remnants of lateritic caps. Several east-west lines of soil sampling were done by Doray Minerals Ltd. (Doray) in 2012 and highly anomalous gold values up to 334ppm were returned. Doray also completed two air core lines were drilled easterly and sporadic gold intersections were encountered with the best one of 8m at 2.89g/t Au in CKAC018. During the current drilling program, 6 holes were drilled north-easterly (OGGAC415-420) totalling 366m. The main target was a north-west trending anomaly defined by the soil geochemistry and some limited sampling of the lateritic caps present over the prospect area. Highly arsenic levels are present within the deep saprolite zone, but only several narrow intervals of gold mineralisation were intersected within OGGAC416 and 418. Hole OGGAC419 was abandoned at 9m and OGGAC420 missed the ultramafic contact within the depleted saprolite zone. Deeper reverse circulation drilling is planned to properly test the gold and arsenic anomaly to the north-west and south-east, as the lithological and structural setting show strong similarities with the Crown Prince deposit. Due to wet ground conditions, only one hole was drilled at Lydia North prospect. Hole OGGAC421 was abandoned at 59m when the drill sting was stuck due to a blocked hammer within swelling clay. All other proposed holes have been postponed and will be included in the next drill program. Announcement • Feb 24
Ora Gold Limited Announces That Mining Leases Have Been Granted by the Department of Mines, Industry, Regulation and Safety for the Company's 100% Owned Crown Prince and Lydia Gold Projects Ora Gold Limited announced that Mining Leases have been granted by the Department of Mines, Industry, Regulation and Safety for the Company's 100% owned Crown Prince (M51/886) and Lydia (M51/889) Gold Projects. The granting of the Mining Leases for a period of 21 years until 2043 is a very important milestone in the Company's proposed development of the Crown Prince Gold Project located in the Murchison region of Western Australia. The Crown Prince deposit is located about 18 kilometres north-west of Meekatharra in Western Australia on the Mt Clere Road. A Mineral Resource update and positive scoping study have been completed. Historical production was 29,400 tonnes for 20,178oz at a recovered grade of 21.7g/t Au to a depth of 90 metres. The estimate is only to a depth of 270m and used block modelling with Ordinary Kriging interpolation, a block cut-off grade of 1.2g/t Au and top cut of 30g/t Au. It is a combination of Indicated and Inferred Resources to 100m depth and Inferred Resources for deeper mineralisation. Further drilling and development of deeper high-grade mineralisation (cf. deepest hole TGGRCDD110 of 8m at 22.3g/t Au from 259m) and newly identified parallel zones may increase the Mineral Resource estimate. The scoping study pre-tax financial forecast is the 100% site surplus after direct costs of pre-development, mine establishment, operating, sustaining capital and mine closure and the payment of state and private royalties. The estimate basis is of a small mine and a large offsite processing plant and does not include any cost or revenue sharing arrangement with a processing party. Ora Gold has sufficient accrued tax losses to offset all income tax liabilities for the proposed project. The Company is continuing its discussions with gold mining companies with existing infrastructure in the Murchison Region for off-site treatment of the proposed Crown Prince oxide open pit and underground operations. Announcement • Dec 31
Ora Gold Ordinary Shares to be Deleted from Other OTC Ora Gold Limited Ordinary Shares will be deleted from other OTC effective from December 31, 2021, due to Inactive Security. Reported Earnings • Dec 19
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: AU$0.003 loss per share (up from AU$0.004 loss in FY 2020). Net loss: AU$2.40m (loss narrowed 15% from FY 2020). Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) exceeded analyst estimates by 57%. Earnings per share (EPS) surpassed analyst estimates by 57%. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jun 15
Ora Gold Limited Announces Drilling Underway At Transylvania & Young Prospects Ora Gold Limited announced that a reverse circulation drilling program has commenced at both Transylvania and Young gold prospects aiming to define additional supergene gold potential outside of the Crown Prince, Lydia and Abbotts prospects. The current program will consist of approximately fifty (50) reverse circulation holes to a targeted vertical depth of 60m, totalling approximately 3,000m. Subject to ground access and weather conditions, limited drilling will also be undertaken on the northern part of the Lydia Shear Zone. HIGHLIGHTS: Reverse circulation drilling program commenced at both Transylvania and Young gold prospects. Current program will test for extension of supergene gold potential within the areas where previous air core and limited reverse circulation drilling have intersected gold mineralisation over a strike length of 200m at Transylvania, and 150m at Young. The central part of the Transylvania gold prospect is considered a high priority drill target due to the better and shallow supergene gold intercepts to date and the delineated TR01 sub-audio magnetics (SAM) survey target (Figure 3). All historical and Ora Gold intersections are displayed on Figure 3. Two high-grade dilational jogs (R1 & R2) appear to be present between the major shears/trending NNE and the prospect shows some similarities with the Crown Prince's lithological and tectonic setting. Note that the Sabbath East small ore body is located several kilometres towards the south-west on the eastern flank of the greenstone belt and was recently mined by Wesgold Resources Limited. Thirty (30) holes are proposed to test in detail those two inferred "Reidel shears" (R1 and 2) where no diamond drilling has been done to date, and the plunge of mineralised shoots is unknown. Supergene gold mineralisation was previously intersected in the middle part of the prospect and the assay results shown in Figure 3 are based on five-metre composites. Most of the intersections are within the weathered profile and the supergene gold values are sourced from two inferred sub- vertical shear zones located under old diggings, as illustrated in the cross-section in Figure 4. Further deep RC drilling followed by diamond tails is contemplated to follow up this program as the area shows potential for shallow supergene gold mineralisation under very thin transported cover. This area contains several old workings located close to the granitic contact and displays several slices of ultramafic rocks, which are a reductant/trap environment for gold-bearing fluids. Twenty (20) holes are proposed to test for additional supergene gold mineralisation above the inferred dilational jog, trending north-easterly within the greenstone belt which is running north- westerly within this area. A ground SAM survey has defined four potential gold targets, several outcrops are present around the old workings and a significant gold anomaly was picked up by soil geochemistry (Figure 5). Free gold was previously intersected in TGGAC181 at a depth of 16m and all new holes will be targeting extensions to the east of this. Reported Earnings • Jun 12
First half 2021 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in 1H 2020) First half 2021 results: Net loss: AU$1.37m (loss narrowed 9.8% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jan 12
Ora Gold Limited Announces Excellent Results from the Latest Reverse Circulation Drilling Program at the Abbotts Gold Project Ora Gold Limited announced excellent results from the latest reverse circulation drilling program at the Abbotts Gold Project (M51/390). The wholly-owned Abbotts Gold Project is located at the north end of the Ora Gold tenements north of Meekatharra, Western Australia. The latest drilling program consisted of twenty-eight short reverse circulation holes totaling 1,987m over the South New Murchison King, South Abbotts, South-West Abbotts and North Vranizan prospects with the better intersections as follows: 4m @ 7.32g/t Au from 42m in OGGRC289, including 1m @ 21.6g/t Au from 42m. 17m @ 2.81g/t Au from 18m in OGGRC295, including 1m @ 33.09g/t Au from 19m. 10m @ 4.9g/t Au from 68m in OGGRC303, including 2m @ 18.2g/t Au from 72m. 4m @ 3.85g/t Au from 41m in OGGRC310. 8m @ 5.42g/t Au from 36m in OGGRC314, including 3m @ 11.52g/t Au from 37m and 16m @ 1.93g/t Au from 46m including 2m @ 8.95g/t Au from 48m. The high-grade gold mineralisation at Abbotts, which together with the near-development Crown Prince Gold Project and the emerging Lydia Gold Project, adds to the high-grade gold endowment of Ora Gold's extensive Abbotts Greenstone Belt tenements - an emerging "gold province" yet to reveal its full potential. The program was designed to intersect mineralised cross-structures, which have only been recently mapped and are interpreted to carry a large proportion of the near-surface gold mineralisation in the Abbotts Gold Project system. The project is located about 37km north-north-west of the regional centre of Meekatharra and is alongside the well-maintained gravel Mt Clere Road. The program's drill hole siting was directed by recent mapping and interpretation of the Riedel shear cross-structures and the program has defined new and extensive mineralised structures linking the major northerly-striking mineralised Eastern and Western Shears. High-grade gold mineralisation was intersected within areas less tested by previous explorers with interpreted zones of mineralisation in the cross-structures being some hundreds of metres in strike length. No additional drilling was undertaken on the mineralised Eastern Shear. Further infill and deeper drilling is required to delineate resources in the new mineralised structures. The Abbotts Gold Project is on M51/390, which was granted in 1991 prior to the enactment of the Native Title Act 1993 (Act), and as such does not carry obligations under the Act. Announcement • Jan 08
Ora Gold Limited, Annual General Meeting, Feb 26, 2021 Ora Gold Limited, Annual General Meeting, Feb 26, 2021. Announcement • Dec 25
Ora Gold Limited Provides Update on Crown Prince Gold Project on Native Title Negotiation Ora Gold Limited refers to its Crown Prince Gold Project and the lodgement of the Company's application for mining lease 51/886 over the Crown Prince Gold Project. The mining lease application has progressed on schedule through the Department of Mines, Industry Regulation and Safety. Negotiations in good faith with the Wajarri Yamatji people in relation to a Native Title and Heritage Agreement have taken place over many months and with the COVID-19 pandemic restrictions applying for health reasons, some delay in the negotiation process between the parties has been inevitable. The Company announced that good progress has been made this month with ongoing negotiations and a final resolution of the terms and conditions of the Agreement with the Wajarri Yamatji people is expected early in 2021. Reported Earnings • Dec 24
Full year 2020 earnings released: AU$0.004 loss per share Full year 2020 results: Net loss: AU$2.82m (loss narrowed 14% from FY 2019). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Jul 18
Ora Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 1.726 million. Ora Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 1.726 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 123,285,745
Price\Range: AUD 0.014
Discount Per Security: AUD 0.00014 
