Ann: Quarterly Exploration Report to 30 September 2021, page-2

Not bad at all. Deep but massive intercepts. Excellent results.

At Red Chris, drilling continues to expand the known higher grade mineralisation intersected at East Ridge, with this new discovery adjacent to the East Zone continuing to return high grade intercepts, supporting the potential for resource growth.  RC705^^ returned 254m @ 1.0g/t Au & 1.1% Cu from 718m, including 80m @ 1.6g/t Au & 1.4% Cu from 852m. This hole is located 100m above RC678 (previously reported) and demonstrates continuity over 300m vertically.  RC727 returned 346m @ 1.1g/t Au & 0.79% Cu from 1,046m, including 56m @ 3.5g/t Au & 1.8% Cu from 1,336m. This hole is located 100m below RC688 (previously reported) and is the highest-grade intercept from East Ridge.  As previously noted, East Ridge is located outside of Newcrest’s Red Chris initial Mineral Resource estimate. Mineralisation remains open to the east and at depth, with ongoing drilling to define the extent.

At Havieron, growth drilling continues to extend high grade mineralisation outside of the initial Inferred Mineral Resource extent, while infill results validate, and in some places upgrades, the current model interpretation.  New growth drilling continues to assess the depth extents of the South East Crescent. New intercepts show an increase in both grade and thickness with increasing depth. HAD133W1^^ has returned 133m @ 7.0g/t Au & 0.05% Cu from 1,446m, including 55.9m @ 9.7g/t Au & 0.04% Cu from 1,449.5m, ~250m below the Inferred Mineral Resource extent. The SE Crescent now has a vertical extent of over 900m.  Results received from infill drilling support the modelled grade and thickness within the South East Crescent zone Mineral Resource extents. The results also support the continuity of the high grade, and in some places upgrade the zone, as represented by HAD117W6 which returned 120.4m @ 10g/t Au & 0.66% Cu from 764.6m. This is the best gram metre intercept drilled to date at Havieron (Au_ppm x intercept length of 1,204 gram metres).