under the Mineral Development Agreement with a 25-year mining right

2.3M oz Au production over 14 years, open pit, low strip, strong grade and average annual production of over 171,000 oz pa

completed June 2022 by DRA Global, demonstrating very strong project economics

potential to >1M oz. Au Reserves within 10km radius of existing Reserves, with drill ready targets as part of a detailed exploration plan

CapEx of $435M - Post-tax NPV5 of US$761M using $2,100 Au price and delivers a 36.8% IRR. Project economics substantially escalate to current gold price environment

expected to increase resource size, reserve size, lower power costs, lower mining costs and will deliver even stronger project economics in NPV5, IRR and Cumulative FCF