Investor Presentaiton

LOOKING AHEAD III SOUTH32 PFS results show Taylor's potential to underpin Hermosa's first stage of development Taylor feasibility study and final investment decision expected in mid CY23 Critical path works including dewatering infrastructure expected to commence in H2 FY22 We are assessing Clark's potential to be a second development option at Hermosa Evaluating opportunities to reduce initial capital, including further optimisation of the shaft design, construction and procurement Planning to drill the high priority Flux prospect in late CY22, subject to receipt of permits SLIDE 23

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