Ann: Broker presentation - additional information, page-2

re: Ann: Broker presentation - additional inf... "The Company at this early stage of exploration has defined an initial, conservative exploration target of 4Mlb ‐ 5Mlb of U3O8 mineralisation at a grade range of .01% ‐ .05%
U3O8 at Junction Dam.

This exploration objective was based on the average grade received from drilling to date of 0.04% eU3O8. A low grade cut‐off of 0.01% eU3O8 was utilised with the highest grade within an individual hole being 0.75% eU3O8.

The initial estimate of U3O8 potential within the Junction Dam project is based on conservative grade estimates applied over a sedimentary ‘roll front’ strike length of 1.5km."