HIGHLIGHTS OF THE PFS FINDINGS• Production Target of 750 ktpa of...

HIGHLIGHTS OF THE PFS FINDINGS
• Production Target of 750 ktpa of gold ore to be processed, producing an average of 67,500 ounces of gold per
annum over the proposed 9.5-year life of mine
• Projected all in sustaining cost (AISC) of A$2,015 per ounce, C1 costs of A$1,939 per ounce
• Low-cost growth capex (including refurbishing of BIOX processing facility; tailings thickener and camp upgrade)
of $73 million
• At base case gold price assumption of A$2,880:
• LOM free cash flow $364 million, 5.5-year payback, pre-tax NPV8 $198.6 million, IRR 53%
• At spot case gold price assumption of A$3,084:
• LOM free cash flow $488 million, 3.75-year payback, pre-tax NPV8 $282 million, IRR 112%
• New Ore Reserves established for Tailings, Open Pit and Underground that support Production Target
• Underground Ore Reserve 1.4 Mt of ore at 4.2 g/t for 191,000 oz insitu gold (proved and probable)
• Open Pit Ore Reserve of 3.2 Mt of ore at 2.0 g/t for 201,000 oz insitu gold (all probable)
• Surface Stockpile (Tailings) Ore Reserve of 22.9 Mt at 0.56 g/t (all probable)
• Total Mineral Resources(excluding Tailings, stockpiles and satellite) of 44.6mt at 3.69 g/t for 5.24 million ounces
of insitu gold at the Wiluna Central Mine Area (as announced 29 August 2023 to the ASX)
• Includes income from operational Wiltails repulping circuit commissioned in October 2023