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COMPANY JORC 2012 RESOURCES AND RESERVES

PROJECTS

Bellevue Gold Project Total Global Independent Resource and Reserves Estimates

Notes: Mineral Resources are reported at a 3.5g/t lower cut-off and inclusive of Ore Reserves. Ore Reserves are reported using a $1,750 AUD gold price basis for cut-off grade calculations. Figures may not add up due to rounding.

JORC Compliance Statements

This website contains references to Mineral Resource and Ore Reserves estimates, which have been extracted from the Company’s ASX announcements on 8 July 2021 titled "Bellevue set for expanded feasibility study with increase in Resource to 3.0Moz at 9.9 g/t” and on 18 February 2021 titled “Bellevue Gold Stage 1 Feasibility Study”. For full details of Exploration Results on this website that have been previously announced, refer to these announcements.

 

For full details of previously announced metallurgical test results on this website, refer to the Company’s ASX announcements on 24 June 2020 titled “Metallurgical Tests Return Exceptionally High Recoveries” and 18 February 2021 titled “Bellevue Gold Stage 1 Feasibility Study”. The Company notes that the metallurgical results from the 24 June 2020 announcement have been updated to correct an immaterial calculation error. While the overall gravity recoveries are still high and there are no material changes in the metallurgical testwork results as the testwork hardness, final tails residue and reagent consumptions remain unchanged.

 

The Company confirms that it is not aware of any new information or data that materially affects the information included in the said announcements, and in the case of estimates of Mineral Resources and Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not materially modified from the original market announcements.

The Company first reported the production targets and forecast financial information derived from its production targets on this website in accordance with Listing Rules 5.16 and 5.17 in its ASX announcement on 18 February 2021 titled "Bellevue Gold Stage 1 Feasibility Study". The Company confirms that all material assumptions underpinning the production targets and the forecast financial information derived from the production targets continue to apply and have not materially changed.