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Investor Presentaiton

PFS PRODUCT RECOVERIES Taylor is expected to produce high-quality zinc and lead concentrates, with substantial silver by-product credits Mid-grade zinc concentrate with relatively high silver content High-grade lead concentrate Silver primarily reports to the lead concentrate Metallurgical test work indicates excellent recoveries Average metal recoveries % 90% 91% 81% Zinc in zinc concentrate Lead in lead concentrate Silver in lead concentrate SLIDE 15 III SOUTH32

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