NEW CENTURY REPORTS OUTSTANDING FEASIBILITY RESULTS THAT CONFIRM...

NEW CENTURY REPORTS OUTSTANDING FEASIBILITY RESULTS THAT CONFIRM A HIGHLY PROFITABLE, LARGE SCALE PRODUCTION & LOW COST OPERATION FOR THE CENTURY MINE RESTART 

Restart Study completed by Sedgman in collaboration with New Century Resources and third party specialist consultants 

New Century considers Project to have outstanding fundamentals with Century to become one of the world’s largest and lowest cost zinc operations 

A$1.76 billion in post-tax cash flow over an initial 6.3 year mine life at a long term zinc price of US$1.25/lb (US$2,755/t) from the Century Tailings Deposit only; posttax NPV8 of A$1.3 billion and IRR of 270%

 Proven Ore Reserve declared of 77.3Mt at 3.1% ZnEq

 Low start-up capital of A$50M & working capital of A$13M, with New Century to be fully funded via A$50.7M cash (in place) & completion of a A$58M debt facility 

Early works program underway, formal plant refurbishment and re-commissioning activities planned for January 2018, targeting first production in Q3 2018 

All necessary permits and approvals in place to undertake the restart 

Concentrate offtake negotiations advancing on highly favourable terms 

Expansion Feasibility Study to be undertaken in 2018 to assess high grade in-situ resource blending potential to extend mine life and increase production levels