Ann: 2019 AGM Presentation, page-4

Sharing some notes from today AGM
80-90 people present
Rohan gave a quite passionate and detailed technical presentation
Mineral resources 3.65 M ounces, $20M operating cash flow in Sept Q, 42,000 ounces produced in Sept.Q
Strong view to increase Life of mine and push the blue line (underground high grade) pag8 of the presentation to the right lowering AISC
March June Quarter they will dig out high grade ore as shown pag.14, this explain the production split 45% 1H vs. 55% 2H (upsides?)
Spectacular results on the Phoenix Ridge very exciting prospect with very high value 125,000 ounce which can be further upgraded as the exploration continues (Rohan was vocal on this in different parts of his speech)
50% of production hedged is the company policy 50% spot, current hedging agreement is in place until June next year
Derisk strategy from the single asset approach by becoming multiasset through JV, acquisition etc. all the possibilities being explored
General consensus from the presents is that the SP is a pretty fair/low so the potential is there as they deliver consistency in the execution + derisk startegy
personal opinion only bought another parcel at 1.425 this morning as the confidence increase.

GLTAH