Investor Presentaiton

Stage 1 - Fountain Head Gold Project Standalone Gold Production over an initial 5 years ✓ Staged development - treatment of gold/silver ore through a purpose built carbon-in-leach (CIL) plant Upfront capital (per the PFS) A$46 million for mine development, gold plant and infrastructure EPC costs, first fill, critical spares, and working capital Process oxide/free milling gold from FH, Glencoe & Mt Bonnie to self-fund Hayes Creek (Stage 2) No other process infrastructure in the region, KLG's Union Reefs Mill under C&M ~63km by road from FH Forecast unleveraged Pre-tax NPV 8% of A$31.6 million with a Pre-tax IRR of 40%* • • Undiscounted revenues of A$339 million (net of treatment, refining and transport charges) Project EBITDA of A$93.9 million Commodity prices (US$) and FX rates used: gold $1,733/oz, silver $25/oz, US$0.77/A$1.00 ✓ Project to generate 157,600 oz AuEq (gold + silver) over 5 year initial mine life ✓ Short window to Production <1 year from financing and Govt/Env approvals Located in existing infrastructure corridor with rail, gas, power and other mining operations, only 170km from Darwin in the Northern Territory of Australia - safe jurisdiction Environmental Impact Statement has been submitted (refer ASX release 1 June 2021) with Project Government and Environmental approvals from end Q1 2022 ✓ Strong near-mine gold and base metal exploration potential, multiple drill targets ✓ Opportunities to expand Project footprint and incorporate 3rd party mill feed opportunities PNZ METALS *See Appendix for further details including Full Mineral Resources 14

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