Growth Ambitions and Development Update

Stage 2 - Hayes Creek Two Zinc-Gold-Silver Rich VMS Deposits ✓ 3Mt of high-grade (11.9% ZnEq) Mining Inventory of which 98% Indicated* 100 lev 46 56 69 75 89 24 25 36 45 758 784 839 847 88 13 22 23 35 55 61 66 787 772 82 -Elev 60 705 76 910 41 1920 31 32 51 42 57 62 52 58 63 16 27 39 48 49 2829 40 100-Elev 15 26 47 38 Stope Ave Grade Zn% Looking NW 100-Elev 0 Elev 100 Elev Proposed plant location at Fountain Head utilises historic open-pit for TSF, existing water, rail, gas, grid power, camp facilities 768,000 mE ALRA Abonginal Land Claim Head Rd 000 mE Fountain Head fossicking reserve "Douglas North DC2001/023 NTD6023/2001 Mt Osbourne Tower 776,000 mE PNX "West Ban Ban #2° DC2004/005 METALS NTD6023/2001 Ban Ban Pastoral Station Mt Wells Road H Northpoint Grove Hill Road Exclusion from Douglas Station Po native title claim Princess Louise Iron Blow Absent Douglas Pastoral Station 0-2 2-4 4-6 6-8 Fishers Lode 8-10 0 10-12 200 Elev kilometres Davie Stuart Highway Mt Bonnie 8.508.000 mN "Mary River West" DC2001/006 NTD6006/2001 Mary River Wes Pastoral Station 8,504,000 mN ,500,000 n Mining areas sit on granted MLs, less than 3km apart 15-20km along existing haul roads from mine location Low-cost open-pit mining to start at Mt Bonnie, then underground mining at Iron Blow PNZ PNX Mineral Leases Burnside Project ELS Other Mineral Leases Gas Pipeline Reserved Land Pastoral Lease Boundary 100m RL contour 200m RL contour Darwin-Adelaide Railway XHV Powerlines 66 kVa HV Powerlines 11 kVa NLC native title claim boundaries (approx) ALRA Aboriginal Land Claim Major Road Minor Road Track Main Watercourse H Grove Hill Hotel Q Airstrip Historical Open Pit *See Appendix for further details 23 METALS

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