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Investor Presentaiton

Exploration: Gwalia Deep Drilling Program St Barbara LIMITED Long Section Looking West Recent Diamond Drill Hole Previous Diamond Drill Hole Intersection Recent Drilling Result Planned Target Main Lode South West Branch South Gwalia Series West Lode ✓ Development Stoping GWDD131 0.3m @ 6.9g/t (ML) 4.2m @ 3.0g/t (SWB) 2.7m @ 4.3g/t (SGS) 1.2m @ 15.8g/t (WL) GWDD17A 1.8m 2.2g/t (ML) 4.0m @ 2.7g/t (SWB) 2.2m @ 2.0g/t (SGS) Recent Diamond Drilling · Underground Development at 1,560mbs GWDD17B In Progress GWDD17 1.6m @ 6.2g/t (ML) 1.1m @ 1.6g/t (SWB) Open 6.5m @ 5.5g/t (SGS) 017-022 Gwalia Drawn January 2016 GWDD13J 1.8m @ 5.9g/t (ML) 2.6m @ 67.2g/t (SWB) 4.1m @ 5.7g/t (SGS) 1.1m @ 3.1g/t (WL) GWDD13K 1.4m @ 1.4g/t (ML) 3.5m @ 25.3g/t (SWB) 12.0m @ 3.0g/t (SGS) GWDD13L 0.6m @ 2.7g/t (ML) 250m 1,500mbs 1,800mbs 2,000mbs Lode Extensions 3.9m @ 0.9g/t (SWB) 2,200mbs 11.2m @ 5.6g/t (SGS) 1. 44 Asia Investor Relations Roadshow / March 2016 For full explanation and results refer to ASX release 21 January 2016 'Quarterly Report December 2015'
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