Fountain Head Gold Project Development Overview
Fountain Head Gold Project - 100% owned MLS
Near-term Gold Production
Background
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MLs acquired in 2018 to use historic pit void for Hayes Creek sub-aqueous tailings storage; a cornerstone
of the approvals process and capital cost profile of the Project
Numerous high-grade gold intersections from >2018 drilling; modelling of the near-surface mineralisation
centred on the historic open-pit
Updated Mineral Resource reported in June 2020 (JORC 2012)*:
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Indicated Resource
1.83 Mt at 1.7 g/t Au for 100,000 oz Au
Inferred Resource
Total Resource
1.11 Mt at 1.6 g/t Au for 56,000 oz Au
2.94 Mt at 1.7 g/t Au for 156,000 oz Au
Extensional zones of open gold mineralisation over considerable strike along the FH anticline
Potential for additional resource upside from areas of open mineralisation beyond the resource
envelope at Banner & NW Breccia
Located within existing mining infrastructure corridor with rail, roads, high-voltage grid power, gas
pipeline and water, further enhancing Project fundamentals and lowering development risks
Feasibility underway to assess Milling + CIL as suitable process route - completion Q1 2021
Potential to incorporate Mt Bonnie oxide + transitional high-grade gold & silver (see slide 16)
PNZ
METALS
*See Appendix for further details including Full Mineral Resources
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