Investor Presentaiton

CAPITAL MANAGEMENT CAPITAL MANAGEMENT FOR GROWTH & RETURNS Maintain a strong liquid balance sheet Ensure capacity to fund new mine development Or Invest in value accretive opportunities DIVIDEND POLICY IN PLACE ■ Target an annual aggregate dividend payout of 15%-30% of free cash flow for each calendar year in two half yearly payments* Subject to a minimum net cash balance of A$100M (after payment of any dividend) ■ A$65.7M in Franking Credits¹ ■ ■ Anticipate inaugural dividend declared for 6 month period ended 31 December 20202 Dividend reinvestment plan to be established *Gold Road determines free cash flow as cash flow before debt and dividends. The Dividend Policy maintains the absolute discretion of the Board of Directors in relation to the declaration of any dividend. Refer to ASX announcement dated 16 September 2020 for further details 1 As at 31 December 2019 2 Subject to the Board's discretion. For clarity, the inaugural dividend will be calculated by reference to the free cash flow for that six month period ROAD PAGE 12

View entire presentation