Fountain Head and Hayes Creek Project Development

Mt Bonnie Oxides - 100% owned MLS Opportunities identified to bring forward projected cashflow Mined first in proposed production schedule. 250K+* of near-surface oxide and transitional material amenable to processing through proposed CIL Contains 1.2Moz Ag & 25,300oz Au in existing MRE Mining optimisation completed and included in FH PFS, <15km from FH Stockpile at Mt Bonnie from historic mining incorporated as first fill/commissioning material PNZ METALS *See Appendix for further details including Full Mineral Resources Mt Bonnie Legend - AU Description 0 to 0.3 0.3 to 0.5 Color 0.5 to 1 1 to 1.5 1.5 to 2 2 to 99 16

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