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Investor Presentaiton

Stage 2 Proposed expansion to 35mtpa Crushing & Grinding 1,2 Concentrator 1 Secondary Crushers XX Look HPGR COS 3rd Secondary Crusher 22MW SAG Mill Ball Mills T3 Flash Float / Gravity Circuit T1/T2 Crushing & Grinding Secondary Crusher Upgrade Pebble Crusher Gold Doré Rougher / Coarse Ore Scavenger (HydroFloat) Flotation Cells Flotation → 000 Flotation Cleaner Circuit Tailings Thickener Regrind Mill Additional Coarse Ore Flotation Regrind Mill Concentrate Thickener Primary Cyclone Upgrade Tertiary Mill New Jameson Cell Rougher Rougher/ Scavenger Flotation Tailings Thickener Flotation Cells 1 2 Concentrator 2 Tertiary Crusher Upgrade SAG Mill Flash Float / Gravity Circuit Ball Mill Additional Tertiary Mill Gold Doré Cleaners Circuit Regrind Mill +00000 Concentrate Thickener Stage 1 of the Cadia Expansion Feasibility Study has been prepared with the objective that its findings are subject to an accuracy range of ±15%. Stage 2 has been completed to a Pre-Feasibility Study level with its findings at an accuracy range of ±25%. The findings in the Study and the implementation of the Cadia Expansion Project are subject to all necessary approvals, permits, internal and regulatory requirements and further works. The estimates are indicative only and are subject to market and operating conditions. They should not be construed as guidance. As Cadia is an AUD functional currency operation, the Studies have been assessed in AUD and the outcomes in this presentation have been converted to USD using an exchange rate of AUD/USD 0.75. 30

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