JUNE 2019 QUARTER ACTIVITIES REPORT

Key Points

• Increase in gold Resources – new Mineral Resource Estimates for the Swan and Swift deposits have increased the Total Mineral Resource inventory at Gum Creek (as at 30 June 2019) by 138,000oz to 15.9Mt @ 2.7 g/t Au for 1.39 million ounces contained gold and includes a maiden Swift Open Pit Resource of 840,000t @ 7.2 g/t gold for 195,000oz
• Swan and Swift Evaluation Studies underway – a series of open pit and underground evaluation studies on the Swan and Swift deposits have commenced, including evaluating options to toll treat high grade ore at nearby operating projects and stand-alone processing at Gum Creek
• Altair zinc-copper-silver discovery – a moving loop electro-magnetic (MLEM) survey to the north of the Altair Prospect identified a series of conductors over a combined strike length of ~8 kilometres, with similar responses to the conductor associated with the known mineralisation at Altair. The MLEM conductors are clustered above a strong gravity feature that has been interpreted to reflect a large intrusive body at depth and which may be the heat source responsible for generating the mineralising hydrothermal fluids that produced the Altair mineralisation. A program of metallurgical test-work to determine the comminution and flotation performance of composite samples taken from the Altair Prospect is underway
• Cash – $1.9 million as at 30 June 2019