Savannah Development & Exploration Update

KEY POINTS

• Mining contractor Barminco has safely mobilised a full crew and equipment to the Savannah site
• First cut completed of the 468m access drive to complete ventilation works for Savannah North
• Completion of the access drive is expected in October 2020 with Savannah North ventilation works expected to be completed around the end of the March quarter 2021
• Exploration activities at Savannah will recommence next month, targeting potential extensions of the Savannah North upper zone and new mineralised intrusions within the project area
• To coincide with the resumption of development works, site and corporate office workforce rosters and salaries have returned to normal levels following necessary amendments imposed in April 2020
• Salaries and fees for senior management and the Board have also returned to pre-suspension levels