Investor Presentaiton

GRUYERE - SEPTEMBER QUARTER SUMMARY Operation (100% basis) Unit Sept 2020 Qtr June 2020 Qtr CYTD3 ■ 55,919 ounces produced* at attributable AISC of A$1,488/oz 2 " Plant availability at 87% Transitioning to fresh rock ore Gold recovery of 91.5%, grade in line with expectations Ore stockpiles unchanged at 3.2 Mt @ 0.7 g/t Au Gold Road sold 31,480 ounces at A$2,420/oz² ~73% at spot ~27% hedged at average contract price of A$1,790/oz 1,811 ounces of bullion and dore held Ore Mined Waste Mined Strip Ratio Grade Ore milled Head Grade kt 1,859 2,125 5,821 kt 5,688 3,825 12,296 W:O 3.06 1.80 2.11 g/t 1.03 1.06 1.05 kt 1,889 2,187 6,002 g/t 1.03 1.06 1.05 Recovery % 91.5 93.1 92.9 Gold Produced** OZ 55,919 71,865 187,379 Cost Summary (GOR) Mining A$/oz 150 158 163 Processing A$/Oz 579 461 516 G&A A$/oz 118 109 106 Ore Stock & GIC Movements A$/oz (33) 3 2 By-product Credits A$/oz (4) (2) (2) Cash Cost A$/oz 811 728 784 Royalties, Refining, Other A$/oz 86 86 83 Rehabilitation¹ A$/oz 19 16 18 ■ Quarterly free cash flow of A$48.7M (underlying free cash Sustaining Leases A$/Oz 114 93 102 flow of A$22.2M before sale of investment) Sustaining Capital & Exploration A$/oz 458 309 289 All-in Sustaining Costs A$/oz 1,488 1,233 1,276 ■ Quarterly CAIC of A$1,897/oz Sales (50% share)² Gold Sold Average Sales Price *100% basis unless otherwise stated. ¹Rehabilitation includes accretion and amortization | 2Gold Road's 50% share | ³Calendar financial year 2020 Refer to ASX announcements dated 24 July and 23 October 2020. **Production after GIC adjustments Unit Sept 2020 Qtr June 2020 Qtr CYTD3 OZ 31,480 A$/Oz 2,420 28,700 2,498 91,880 2,300 PAGE | 9

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