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Medallion Metals Transaction



                                                                                                                                           ▪ Acquired 100% interest in

                                                                                                                                               1 ML & 1 EL plus secured
                                                                                                                                               base metals rights to 1 ML

                                                                                                                                               & 4 EL’s from Medallion

                                                                                                                                               Metals (ASX: MM8)



                                                                                                                                           ▪ Total tenure increases to

                                                                                                                                                         2
                                                                                                                                               108km and captures the
                                                                                                                                               western extension of the
                                                                                                                                               greenstone belt




                                                                                                                                           ▪ ML74/13 contains the
                                                                                                                                               historical high grade RAV-8

                                                                                                                                               mine which produced

                                                                                                                                               16.1kt Ni at 3.45% incl.
                                                                                                                                               9.6kt Ni at 5.83%




                                                                                                                                           ▪ 100% scrip consideration

                                                                                                                                               results in MM8 holding a
                                                                                                                                               cornerstone equity

                                                                                                                                               position at IPO (15.1%)
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