Page 115 - ANC22-Presentations-Weds

Since our 2006 IPO, we have acquired quality assets, advanced projects

quickly and generated exceptional returns

2012 2020
Zara Gold Major PGE- 2022
Project in Eritrea NI-Cu-Co-Au $100M
2006 sold for discovery at raised to
$7.5M raised ~US$114M 2016 Julimar progress
in IPO on ASX (pre-tax) Cameron 2018 Project Julimar
to progress 2009 Gold Project Staked studies
Chalice & Zara Gold A$0.10ps / in Ontario Julimar 2021
sold for
Higginsville Project in ~A$25M capital Nickel- Gold spin-
Projects Eritrea return to ~A$25M Copper-PGE out into
acquired for shareholders (pre-tax) Project in Falcon
~A$7M Western Metals Ltd
Australia (ASX: FAL)

2006 2008 2010 2012 2014 2016 2018 2020 2022

2019
Quebec 2021
2009-2011 2017 Gold Tier-1
2007 ~A$43M Acquired East Projects sold maiden
Chalice & raised Cadillac Gold to O3 Gonneville
Higginsville to progress Project in Mining Resource
Projects sold Zara to DFS 2013 Quebec and
for ~A$12M Cameron Gold staked 2022
Upgraded
(pre-tax) Project in Pyramid Hill 2020 Gonneville
Ontario Gold Project 2018 ~$145M Resource
raised to
acquired for in Victoria A$0.04ps / progress
~A$8M ~A$10.6M Julimar
capital return to
shareholders 22