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

         quickly and generated >A$110M in after-tax proceeds from asset sales
                                                                                                                             1





                                                                    2012                                                                                      2020
                                                                    Zara Gold Project in                                                                      Major PGE-NI-
      2006                                                          Eritrea sold for                      2016                                                Cu-Co-Au
      $7.5M raised in IPO                                           ~US$114M (pre-tax)                    Cameron                                             discovery at
      on ASX to progress              2009                                                                Gold Project            2018                        Julimar  Project
      Chalice &                       Zara Gold Project             A$0.10ps / ~A$25M                     in Ontario sold         Staked
      Higginsville  Projects          in Eritrea acquired           capital return to                     for ~A$25M              Julimar  Nickel-                              2021
                                                                    shareholders
                                      for ~A$7M                                                           (pre-tax)               Copper-PGE                                    Further
                                                                                                                                  Project in
                                                                                                                                  Western                                       $15M raised
                                                                                                                                                                                via SPP
                                                                                                                                  Australia

    2 0 0 6               2 0 0 8               2 0 1 0               2 0 1 2            2 0 1 4            2 0 1 6              2 0 1 8                  2 0 2 0              2 0 2 1


                                                                                                                                                         2019
                                                                                                                                                         Quebec

                                         2009-2011                                                                    2017                               Gold
               2007                      ~A$43M raised                                                                Acquired East                      Projects            2020
               Chalice &                 to progress Zara to                                                          Cadillac Gold                      sold to O3          ~$100M
               Higginsville              DFS                                                                          Project in                         Mining              raised to
               Projects sold                                                       2013                               Quebec and                                             progress
               for ~A$12M                                                          Cameron Gold                       staked                                                 Julimar
               (pre-tax)                                                                                              Pyramid  Hill            2018
                                                                                   Project in Ontario                 Gold Project             A$0.04ps /
                                                                                   acquired for                       in Victoria              ~A$10.6M
                                                                                   ~A$8M
                                                                                                                                               capital return to
    1 As of 15 June 2020                                                                                                                       shareholders                            22
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