Ann: Europe Corporate Presentation, page-2

My points of note:

- Definitive Feasibility Study to be completed early 2024
- Development targeted for second half of 2024
- Mine design will see tonnages increase in updated ore reserve.
- Metallurgical program will likely see recoveries increase substantially
- Low initial capital requirement of A$ 246 M to develop a 2 Mtpa project, producing an average of 6 Moz Ag per annum over the first 3 years of production at an average cash cost of US$ 9.15 /Oz
- Single open-cut mine with uncomplicated mining, a low strip ratio and metallurgy with an initial mine life of 17 years. Potential expansion with open pit and underground operations.