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Julimar has the fourth largest undeveloped nickel sulphide resource in

         Australia and has significant PGE-Cu-Co credits










                                                     3,000



                                                     2,500

                                                                                                             Including all six payable
                                                                                                              metals, Julimar has a
       Australian                                    2,000                                                       contained nickel

       primary nickel                                                                                         equivalent of ~2,000 kt
       sulphide                                      1,500

       resources in                               Contained Nickel (kt)

       exploration or                                1,000
       development             1
                                                      500




                                                         0
                                                            Yakabindie    West     Cosmos      Julimar   Avebury      West    Black Swan    Venus     Jericho   Fisher East  Sherlock
                                                                                               Julimar
                                                                       Musgrave                           Restart    Jordan                                                   Bay







    Source: Company filings.
    1: Based on total reported JORC Resource (Measured, Indicated, and Inferred). Includes all exploration and development projects with a contained Ni resource of over 99kt. Please refer to Appendix [Australian Primary
    Nickel Sulphide Resources slide] for peer comparison information; [Gonneville Mineral Resource Estimate slide] and [Metal equivalent assumptions slide] for the assumptions used for the calculation of metal equivalents.    6
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