Nullagine Delivers Strong June Performance to Close-Out the...

Nullagine Delivers Strong June Performance to Close-Out the Quarter Millennium maintains strong cash position of $27.7M despite weather-related interruptions and significant investment in exploration and expansionary studies to support long-term growth Key Points:  Strong finish to June Quarter at Nullagine Gold Project in WA with outstanding monthly production of ~8400 oz for June  June Quarter gold production of 18,983oz at AISC1 of A$1,386/oz2  This is up from 16,543oz produced in the March quarter at AISC of A$1,362/oz and is in-line with the revised quarterly guidance announced on 25 May 2017  Cash balance at 30 June 2017 of $27.7m, inclusive of $4m bullion  Free operating cash-flow for the quarter of $7.3m before investing $2.2m in capital expenditure, $5.3m on exploration drilling, and $1.3m on expansion studies  Capital investment included the commencement of a $2.5m camp upgrade, progressively increasing the capacity to 250 personnel to support the increased focus on expansionary activities  Sizeable cut-back commenced during the Quarter at Bartons to access over 24koz at an average head grade of ~2.20g/t gold, with first ore to be processed during August 2017  Bartons cut-back, together with other high-grade ore sources in the mine plan, expected to underpin a strong second half operational performance