Ann: Security Purchase Plan, page-19

https://www.nzx.com/announcements/335634

Based on the current plan, at an average extraction rate of 300tpm, the company expects to be in aposition to generate an approximated average of 360 gold equivalent ounces per month during the 24-month bulk sampling programme.The operational project plan requires a $1.5M investment over 24 months and has the potentialto generate over 8000 ounces during the period. This poses a substantial economic returnparticularly with an average gold price of 1800 used for the project plan while the market priceof gold reaches new highs above 2000 NZD/ounce.