Investor Presentaiton

Prospectivity in Focus OVERVIEW The NWQ prospects have been allocated a prospectivity score, indicating the probability of discovering a deposit that may be of a size and grade to be categorised a mineral resource The assessment combines knowledge of a prospect's geology, mineral occurrences, current theories of mineralisation and results of exploration The assessment does not consider mineral reserve criteria or operational risks A prospect's prospectivity is ranked as high, moderate, low, or unknown To account for variations in data availability and quality, a prospect prospectivity is also categorised according to level of certainty

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