Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

Bowdens Silver Project, New South Wales
• Final stages for the approvals for the Bowdens Silver Project open-cut mine
development.
• Drilling of the 30,000m resource program at Bowdens Silver continues with wide and
high-grade results returned.
Bundarra Zone results include;
• BD21035 - 14.2m @ 374 g/t silver equivalent (36 g/t silver, 4.86% zinc, 2.35% lead
and 0.23g/t gold) from 238m and;
• 3.0m @ 437 g/t silver equivalent (52 g/t silver, 5.57% zinc, 0.50% lead and 1.14g/t
gold) from 294.4m.
• BD21036 - 9.0m @ 296 g/t silver equivalent (29 g/t silver, 3.23% zinc, 1.86% lead and
0.55g/t gold) from 300.7m.
• With further high-grade results released subsequent to the end of the quarter,
including BD21042, 2.4m @ 1520 g/t silver equivalent (269 g/t silver, 15.8% zinc,
10.33% lead, 0.78% copper and 0.42 g/t gold) from 297.3m.
Northwest and Aegean Zone results include;
• BD21003A - 3.0m @ 678 g/t silver from 306m.
• BD21025 - 14.0m @ 264 g/t silver equivalent (240 g/t silver, 0.07% zinc and 0.61%
lead) from 322m.
• BD21021 – 6.0m @ 382 g/t silver equivalent (349 g/t silver, 0.16% zinc and 0.75%
lead) from 191m.
Southern pit extensions including gold:
• BD21018 - 9.8m @ 214 g/t silver equivalent (180 g/t silver, 0.14% zinc and 0.06% lead
and 0.31 g/t gold) from 39m.
Underground Scoping Study
• A Scoping Study for potential underground mining scenarios at Bowdens Silver
continued during the quarter in parallel with high-grade mineral resource
estimation.
$28M cash too