Ann: Field Personnel on Site at Grace Project, page-4

The planned GAIP survey (see Fig 2 below) is designed to follow up on to two historical IP
surveys carried out in the 1980’s and 1990’s which provided coverage of only relatively small
areas at each end of the Grace and Bemm Shear Zones, but most importantly to provide new
IP survey coverage along the two shear zones what was not previously surveyed but contains
significant zones of gold mineralisation and the Grace inferred mineral resource of 1.59mt @
1.35g/t Au for 69,000 ozs (*PSL ASX Announcement 22 May 2020 – Entitlement Issue
Prospectus)