Ann: First Quarter Activity & Cashflow Reports, page-4

Red Bore

Assay results still awaited at end of Quarter.
 Geology in the new holes continues to support the mineralisation model.

Allamber

No significant upgrades identified from geological logging: assays awaited.
 Assay results still awaited at end of Quarter

Curara well

This process will progress into the first quarter of calendar 2015 and targets identified will then be the
subject of relevant Heritage surveys. Our objective is to identify all the targets to be tested so that
they can all be cleared by a single Heritage survey exercise (rather than multiple surveys), after
which the relevant Programs of Work can be prepared and submitted to the DMP. The timing of
the start of actual exploration will be governed by the time taken to complete the necessary
approval processes.

The Curara Well project area continues to be considered as one of high prospectivity