Ann: Extensive High Grade Rare PGM's at Red Hill, page-11

EXTENSIVE HIGH GRADE RARE PGM’s AT RED HILL

New Assays for rhodium, iridium, osmium, and ruthenium in 7 drill holes add to
previous high grade assays for palladium, platinum and gold (7PGE).
Bulk-mineable intercepts of:
29 metres at 10.9 g/t 7PGE 2.3% copper 0.4% nickel including 0.6 metres at 54.5 g/t 7PGE
in RHD008
25 metres at 5.7 g/t 7 PGE 0.9% copper, 0.6% nickel including 0.5 metres at 24.5 g/t 7PGE
in RHD006
32 metres at 5.2 g/t 7PGE 1% copper 0.5% nickel including 1.2 metres at 17.9 g/t 7PGE
in RHD001
14 metres at 3.3 g/t 7PGE 0.3% copper 0.4% nickel including 0.6 metres at 10.4 g/t 7PGE
in RHD017
Additional narrower intercepts of:
3.9 metres at 5.5 g/t 7PGE 1.4% copper 0.3% nickel including 0.5 metres at 14.5 g/t 7PGE
in RHD015
6.3 metres at 5.6 g/t 7PGE 0.9% copper 0.5% nickel including 0.5 metres at 15.2 g/t 7PGE
in RHD019
4.7 metres at 6.1 g/t 7PGE 0.6% copper, 0.5% nickel including 1.6 metres at 9.7 g/t 7PGE
in RHD014
These add to the previous outstanding result of:
3.5 metres at 162.4 g/t 7PGE, 2.3% copper 2.9% nickel including 1.2 metres at 335.8 g/t 7PGE
in RHD012

The tenor of mineralisation at Red Hill has been significantly upgraded at a time
of near record prices for the PGE’s, for example rhodium currently valued at
A$10,000/oz and iridium currently valued at A$2,400/oz.

A total of 12 out of 13 drill holes at Red Hill returned significant PGE results
within 100 metres of surface.
Follow up drill programme being designed.