GRANITE BELT PROJECT MINE OPTIMISATION OUTCOMES • The Granite...

GRANITE BELT PROJECT MINE OPTIMISATION OUTCOMES • The Granite Belt LOM strip ratio of the existing pit has dropped from approx. 1.7/1 to a 1/1 with expected drop in operating costs to correlate • Total minable ore has increased from 2.7Mt (average of 2.3Mt High Grade (83g/t) and 0.43Mt Low Grade (31g/t)) to 4.4Mt at an overall Grade of 56.7g/t • Waste rock due to redesign of pit model, has remained the same as per our released restart strategy at approx. 4.6Mt • Considerable positive impact upon early cash flow forecasts and NPV are expected, given the additional potential recovery of 850,000oz (59% recovery factor already applied) within the first three years of mining.