Comments from MD McGarry on today's Qtrly:Fellow Shareholders...

Comments from MD McGarry on today's Qtrly:

Fellow Shareholders and Interested Parties

We have attached our March 2023 quarterly report released to the ASX a short while ago.

The quarter had many positive results -

• Strong gold production
• Maintained our throughput above 800,000TPA
• Gold price receipts above budget and price per oz at quarter end +$2900 oz

We have invested capital in bullet proofing our water supply with funds applied to our eastern borefield to supply additional water for the higher throughput rates. Tailings dam in Panels 2/4 ( mining complete) approved and commissioned and water recovery excellent.

Our modest investment in Timor-Leste with a permanent representative in Dili since August 2021 has advanced to where we may expect an outcome in the third quarter of this calendar year.

The Geko transaction is now complete and an independent group will submit the MRE shortly and that will be announced on receipt. This will include low grade ore stockpiles which have been evaluated at a gold price some $300 oz above the gold price when the stockpiles were first assessed.

Site management have advanced your business in a positive way for the benefit of all stakeholders, we plan to continue in this vein!