Investor Presentaiton

Gwalia Mining Strategy Dual Lift Stoping in SWB > mining sequence manages the hanging wall 2 1 Note: Single lift Hanging Wall Span typically 32m (HR=6.15) 5 4 Development fully in ore (limited dilution) 1155// Asia Investor Relations Roadshow / March 2016 45m (HR=6.16) 3 8 00 7 65m St Barbara LIMITED Mining method 6 11 > Long hole stoping with fill > North & South access on two dual lift levels gives 4 > mining areas Greater percentage of free bogging increases productivity of each stope Sill drives fully in ore - reduces development dilution Production drilling parallel to hanging-wall to reduce blast induced dilution

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