Fountain Head Exploration

• • • Glencoe Gold Deposit 3km north of Fountain Head Mined second in proposed Production Schedule 'Bolt on' asset that has the potential to significantly expand the Fountain Head gold development Increased tailings and management flexibility water Updated MRE 2.1 Mt @ 1.2 g/t Au for 79,000 oz Au (Inferred)* Remains open with strong exploration potential and numerous open intercepts 'Historic' resources Inferred, lack of QAQC not to JORC 2012 standards, drilling to improve geological categorisation Stage 2 drilling to commence shortly Test for immediate extensions where surface gold anomalism highlights along-strike potential Numerous high-grade near-surface rock chips containing gold* PNZ METALS ML 29679 BAN BAN SPRINGS ROAD 771,000 E Existing Drilling (RC/DD) 771,500 E 8,513,500 N Map Grid: GDA94 (MGA Zone 52) 8,513,000 N Resource Outline 0.7g/t Au 8,512,500 N 250 500 m Plan view of the Glencoe deposit showing mineral lode wireframes (red) and historic drill traces *See Appendix for further details including Full Mineral Resources 13

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