Fountain Head Exploration

Fountain Head Gold Project - 100% owned MLS Stage 1 - Near-term Gold Production Background • • • • MLS acquired in 2018 to use historic pit void for Hayes Creek sub-aqueous tailings storage; a cornerstone of the approvals process and capital cost profile of the Hayes Creek Project Numerous near-surface high-grade gold intersections drilled in 2018 Prompted change in strategy to assess options to monetise gold resources prior to backfilling with tails Updated Mineral Resource reported in June 2020 (JORC 2012)*: . Indicated Resource Inferred Resource Total Resource 1.83 Mt at 1.7 g/t Au for 100,000 oz Au 1.11 Mt at 1.6 g/t Au for 56,000 oz Au 2.94 Mt at 1.7 g/t Au for 156,000 oz Au Extensional zones of open gold mineralisation over >1.6km strike along the Fountain Head anticline Potential for additional resource upside from: areas of open mineralisation beyond the resource envelope high-grade mineralisation trap sites at junction of x-cutting structures & anticline hinge zones PFS Production Profile PNZ METAL S 2022 2023 2024 2025 2026 Total Total Mined Tonnes t 188,066 966,923 1,042,595 785,286 1,049,958 4,032,828 Total Recovered Au Ounces OZ 4,941 39,362 32,440 22,303 48,633 147,678 Total Recovered Ag Ounces OZ 149,795 538,695 688,490 *See Appendix for further details including Full Mineral Resources 10

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