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Jaguar Project – Resource Growth and Upside



     Jaguar South – New EM Plates below deepest drilling








                                                                                                                                                •    EM Conductor plates are
                                                                                                                                                     powerful targeting tool

                                                                                                                                                     for semi-massive  and
                                                                                                                                                     massive sulphides  at
                                                                                                                                                     Jaguar and the Carajás

                                                                                                                                                     region generally



                                                                                                                                                •    Late-time (Ch20+)
                                                                                                                                                     conductor plates now
                                                                                                                                                     extend 270m below

                                                                                                                                                     deepest  drilling at Jaguar
                                                                                                                                                     South



                                                                                                                                                •    Deeper drilling at Jaguar
                                                                                                                                                     South and other deposit

                                                                                                                                                     areas already underway
                                                                                                                                                     testing newly identified

                                                                                                                                                     conductor plates






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