Ann: Expanded Exploration Opportunity at Adelong Gold Project, page-2

Highlights
• Renewal of Exploration License for a further 6 year term paves the way for a more aggressive
exploration program
• Further drilling program targeted for September (subject to permits) following up the discovery
made at Gibraltar and aims to explore for additional resources
• Exploration targets include :
o The potential to generate a maiden resource at Gibraltar based on the recent discovery
in 3DGIB003
o Additional targets for open cut resource in the multiple vein deposit around Gibraltar
o The potential to generate a maiden resource at Sawpit
o A program of exploration at both Caledonian and Currajong to explore the northern
extensions to these deposits that fall within the Exploration License
o Several major structural & mineralised trends that have never been drilled including the
Lady Mary to Gazumped trend, the Caledonian to Donkey Hill trend, the area lying
between Currajong and Gibraltar, and the Paleys Reef in the North as well as a major N-
S Fault identified in airborne magnetic data
• Ongoing exploration activities to compliment the company’s efforts to reopen the Adelong gold
mine