Growth Ambitions and Development Updates

• Fountain Head Gold Project - 100% owned MLS Stage 1 - Near-term Gold Production Background 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 Hayes Creek Project Numerous near-surface intersections drilled in 2018 10200 N Fountain Head Local Grid North 100 NW Breccia (new resources) Boundary of block model at 0.3 g/t Au cut off 200 m MGA Grid North 10100 N Fountain Head East 10000 Fountain Head West Fold Axis high-grade gold 9800 N Prompted change in strategy to assess options to monetise gold resources prior to backfilling with tails Updated Mineral Resource reported in June 2020 (JORC 2012) of 2.94 Mt at 1.7 g/t Au for 156,000 oz Au* Extensional zones of open gold mineralisation over >1.6km strike along the Fountain Head anticline Proposed location for Plant and Infrastructure Project footprint minimised to avoid additional disturbance Intergraded waste landform (IWL) to combine storage of waste rock and tailings 9700 N 9600 N E 9400 E MUN4 MLN1034 769000 769500 770000 770500 Road Train Access Only Tally Ho 9800 Magazines North Topsail ANE Shed Core Shed Mining Contractors Yard West Topsoil Offices & Mine Workshops ROM & Crusher FH Far East (new resources) Central East (new resources) ML31124 771000 771500 772000 Evaporation Dam PAF Stockpile Fountain Head Pit LG Stockpile LG Stod Integrated Waste Landform (IWL) Tailings East Topsoil 772500 PNZ METALS Adelaide to Darwin Railway 66kV Pine Creek to Cosmo Powerline 769000 769500 770000 770500 771000 771500 772000 772500 *See Appendix for further details including Full Mineral Resources 15

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