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Key Deliverables – Pathway to Production in 2022

Black Swan

➢ Deliver maiden Golden Swan Resource and Reserve

➢ Convert more Silver Swan Resource into Reserve

➢ Continue to drill test the Southern Terrace

➢ Complete BFS on 1.1Mtpa processing plant fed from combination of open pit,
underground, Silver Swan tailings and stockpiles

➢ FID by May 2022 latest & commissioning of mill during December 2022

Mt Windarra

➢ Study option of trucking ore to Black Swan or Leinster

➢ Fast track development of gold tailings asset with a suitable partner

Lake Johnston

➢ Review and prioritise all exploration targets & start drilling

➢ Update mining and processing studies on Maggie Hays orebody and 1.5Mtpa mill

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