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SAVANNAH PRODUCTION PROFILE




            Contained Metal
                                                                                                                                A$/lb
            Tonnes
            25,000            Contained Cobalt                   Contained Copper                    Contained Nickel                14.00
                              Contained Nickel Eq                Nickel Price - Spot 29 July 2021 (RHS)  Nickel Price - Base Case (RHS)
                                                                                                                                     12.00
            20,000
                                                                                                                                     10.00

            15,000
                                                                                                                                     8.00


                                                                                                                                     6.00
            10,000

                                                                                                                                     4.00

             5,000
                                                                                                                                     2.00


               -                                                                                                                     -
                     FY22     FY23     FY24      FY25     FY26      FY27     FY28     FY29      FY30     FY31     FY32      FY33



                                  NiEq grade  and NiEq contained metal in Mineral Resource and Reserves for all projects calculated  based on prevailing spot metal prices 28 July
                                  2021 (i.e. Ni US$19,533/t, Cu US$9,664/t, Co US$52,431/t) and AUD:USD 0.75 FX .
                                  Refer to the announcement “Updated  Savannah Ore Reserve  and Mine Plan” dated  31 July 2020. All material assumptions underpinning the
                                  production targets, and the forecast financial information derived  from those production targets, which are referred  to in th e original   9
                                  announcement, continue to apply and have not materially changed.
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