Expansion of Tolmer ‘Silver Zone’ Drilling ProgramEarly surface...

Expansion of Tolmer ‘Silver Zone’ Drilling Program Early surface reconnaissance and drilling progress sharpen silver focus

HIGHLIGHTS Planned Tolmer gold drilling reallocated to prioritise silver zone following early observations Additional drilling lines and metres added to program, with new planned holes added in all directions from original ‘discovery line’

Dear Investors & Colleagues, We are pleased to provide an update for RC drilling underway at our ‘Tolmer’ high grade silver discovery, located at our South Australian Tarcoola Gold Project. Drilling recently started at Tolmer with a priority focus on the western ‘silver zone’. Based upon early observations, drilling originally planned for the gold zone will be deferredin favour of extended silver zone drilling. Seven holes originally planned for the eastern ‘gold zone’ have been re-allocated to eight new drill holes in the western ‘silver zone’, expanding the planned drilling from three to five RC lines. The total program has been expanded from a planned ~2,500m to a revised total of ~2,850m. Drilling of the expanded ‘silver program’ is now anticipated to complete this week, following which assays will be expedited for laboratory analysis and planning of follow up drilling programs. These will likely include additional RC drilling (including in the gold zone) and diamond drilling for structural orientation. We look forward to sharing the results of this drilling shortly. A copy of this announcement can be found on the ASX platform and the Company's websitehere. Regards, Alexander Scanlon Managing Director & CEO

Perfect timing with silver breaking out