Investor Presentaiton

Sihayo Starter Project - Overview Attractive Starter Project generating a LOM - US$1.2bn gross sales over an initial 8 years mine life at a flat US$1,890/oz Au price Summary Sihayo Starter Project Cross Section Production: 635koz¹ recovered Au LOM Key DFS Findings (LOM) Cash operating cost: US$632/oz Peak funding cost: US$153m -1250m RL Sihayo-2 1000mRL Sihayo-1 Link Zone B 1250mRL- Potential to extend resource between open Sihayo SE and Sambung NW strike-projections Sambung 1000m RL- Early Works/ Permitting Underway Near-Mine Resource Upside Mining Processing NPV5: US$268m at US$1,890/oz Au flat Early works include establishment of site access, environmental baseline, legal permits and social licence to operate Amendments to existing permits simplifies approval process Early regional road upgrades to fast-track first production Evidence of additional mineralization along strike Strong potential for resource extensions 13.7Mt ore mined at a 4.4x stripping ratio Early stages targeting lower strip, oxidised, free-dig regolith material Bulk waste stripping campaign delayed until the 4th year of mining Conventional CIL process Throughput: 2Mtpa soft ore / 1.5Mtpa hard ore Potential to extend resource along open NW strike-projection: -750mRL 1250mRL Potential to extend resource along open NE down-dip (off long section) and at depth. Sihayo-1 Sihayo-2 1000mRL 1 Limited historic drilling Geology poorly defined 750mRL Mineralised intercepts returned. Explanation Regolith Jasperoid Siliciclastic sandstone/shale Diorite Silty sandy limestone (dirty) Crystalline limestone (marble) Drill hole trace projected to long section 2020 DFS pit shells (0.6 g/t Au cut-off) Link Zone Potential to extend resource along open NE down-dip and open SE strike projection 750mRL 1250mRL- Sambung Limited historic drilling Mineralised intercepts returned Geology poorly defined 1000m RL SIHAYO - SAMBUNG LONG SECTION (NW-SE) - Looking NE INTERPRETED GEOLOGY PROJECTED DRILL HOLE TRACES 0 500 metres 1000 A • Sihayo-2 750mRL PLAN 500m RL Shero-1 Link Zone Vertical: horizontal exaggeration 2:1 Showing long section trace JORC Reserves and Resources³ Sambung B Owner-Operator Strategy Average metallurgical recovery: 71%² Mining fleet sized for selective mining strategy Bulk waste stripping fleet for better utilisation Reserves Resources Ore (Mt) 12.5 Grade (g/t Au) 2.1 Moz Au 0.84 24.0 2.0 1.50 Page 8 123 2. 1. 169koz Au produced in the first two years during the low-strip stage of operations Higher % recoveries in the early years, coinciding with lower strip, oxidised, free-dig regolith material 3. Reported in accordance with the 2012 edition of the JORC Code. Mineral Resources estimate reported at 0.6g/t Au cut-off grade. Ore Reserves are based on US$1,450/oz gold price assumption. Refer to ASX announcement on 23 June 2020 "Results of Feasibility Study" for further information SIHAYO GOLD

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