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Investment summary








                                                         More than $100 million
                Long life, high quality                     invested in mining,                      A largely untouched

             nickel sulphide asset with                                                            orebody at Savannah
              significant Ore Reserves                     processing and site                  North which remains open
               and Mineral Resources                     infrastructure with +13                 along strike and at depth
                                                       years of operating history





               Updated Mine Plan has
            outlined a 13 year mine life  Underground development                               Savannah expected to be
                                                                                                   ready for restart in H1
               with attractive financial               underway and on-ground                    2021 with full flexibility of

            outcomes including a base                     exploration underway                   restart timing maintained
                case NPV of A$262M
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