Investor Presentaiton

CAPEX & OPEX CAPEX OPEX Mine (Development + Equipment + Pre-Production) $72.5M Plant $80.5M Mining $258/t Environmental $2.9M Processing Tailings Handling $68/t Engineering $20.0M SG&A $23/t Infrastructure & Others $10.3M Total $349/t Contingency (25%) $46.6M Total $232.8M Transportation costs to customer $120/t destination $349/t SC5.5 ■ Mining ■Processing + Tailings Handling ■ SG&A $233 MILLION ■ Mine ■ Plant ■ Environmental Engineering ■Infrastructure ■Contingency 8 13

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