Updated Geological Model Transforms IOCG Understanding

Comprehensive new Elizabeth Creek geological model based on drilling, extensive newly-acquired geophysics and structural geology transforms IOCG understanding and drives target generation.

• Optimal IOCG drill target area identified from comprehensive geophysical interpretation of the Emmie System.

• New model, which is based on 23,000m drilling and 7 new and historical geophysical and petrophysical datasets will allow for tightly targeted, highly efficient future drilling.

• Geophysics indicates structural corridor controlling IOCG mineralisation extends up to 2.4km to northern tenement boundary.

• Exciting new target, “Maggie IOCG” identified approximately 6km to southeast of previous IOCG intercepts.