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Looking Ahead: Key Milestones







       1.    NEPEAN DEEPS MAIDEN DRILL PROGRAM – this drilling and downhole
             geophysics program exploring for high-grade NiS mineralisation below
             Nepean mine is the current exploration focus. Will also complete                                               October          November          December           January
             shallow metallurgical drilling                                                                                          3,000m                    550m
                                                                                                      RC & DD Drilling        NEPEAN DEEPS exploration prog.  Metallurgical prog.
       2.    RC DRILL PROGRAM AT NEPEAN, TESTING REGIONAL TARGETS –                                 NEPEAN  Geophysics  DHEM /                       DHEM /    Ground IP
             assay results pending. High-powered ground MLEM and DHEM surveys                                            MMR                          MMR
             have generated new exploration targets. Also planned ground IP survey                    Scoping Study                   Internal assessment of potential mining scenarios
             on northern tenements
                                                                                                                                                                                  2,000m
                                                                                                      RC & DD Drilling                                                          exploration prog.
       3.    SAINTS DRILLING - continue exploration for massive NiS including
             depth extensions to known mineralisation and infill drilling to upgrade                SAINTS  Geophysics                                                                  DHEM
             known Resources
                                                                                                      Scoping Study                 Internal assessment of potential UG mining scenarios
       4.    DIAMOND AND RC DRILLING AT LEINSTER COMPLETED along the NW                               RC & DD Drilling                                 2,000m
             trend from the Horn. Upcoming technical review and plan further                        LEINSTER                                         exploration prog.
             drilling including DHEM targets                                                          Geophysics                                                DHEM

                                                                                                                                     1,000m
       5.    DIAMOND DRILL PROGRAM AT THE RAGLESS RANGE Zinc Target at                                RC & DD Drilling           Ragless Range prog.
             the Arden Project, SA                                                                  SA PROJECTS  Geophysics                      DHIP


       6.    INTERNAL SCOPING STUDIES UNDERWAY into design, optimisation                                                                                                        Plan regional
             and production scenarios at Saints and Nepean, and continuing                             AC/Geochemistry                                                             prog.
             discussions with BHP and other potential partners regarding
             metallurgical testwork, toll treating and offtake









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