Ann: Operational Update, page-2

OPERATIONAL UPDATE
▪ Multipurpose Drill Rig Secured for Flagship Burbanks Project
▪ Experienced drilling contractor secured for 5,500m program;
▪ Multipurpose rig to be mobilised to site in early November;
▪ Ability to complete reverse circulation and diamond drilling.
▪ Phillips Find Drilling Yields High Grade Intercepts, Including:
▪ PFRC101: 17m @ 2.09g/t Au from 95 metres, including:
▪ 2.0m @ 8.93g/t Au from 110 meters.
▪ PFRC103: 8.0m @ 1.84g/t Au from 179 metres, including:
▪ 2.0m @ 3.26g/t Au from 183 metres.
▪ Program served to meet expenditure requirements.
▪ Burbanks Stage I Trial Mining Joint Venture (JV)
▪ Lateral development in ore and waste continues;
▪ 5,650t and 39,550t of ore and waste mined, respectively;
▪ Stoping expected to begin in mid-December 2021.