Ann: Dacian 5 Year Mine Plan, page-3

If Dacian operates according to the 5yr plan and based on the provided average production, AISC and Development/exploration figures, below is the expected high-level view of the calculated intrinsic value of DCN SP based on positive cashflow:



The variables that I contributed to the above calculations are:
1) FY2022 Gold Price at US$2,200 and exchange rate of A$1/US$0.75
2) Subsequent years (FY2023 and FY2024) GP is increased by 15% and FY2025 and FY2026 remaining constant.
3) Discount rate of 5%.

The above is just a gauge on the value of DCN share and do not use the above to invest in DCN. Nothing is guaranteed!

Cheers.