Ann: Quarterly Activities Report and Appendix 5B, page-2

Solid qrt.
The grades are all high and open pit. They have hit 4 new targets with grade already so the ground just keeps proving up.
Company also heading towards drilling 2 big base metal targets. Perhaps one of those puppies will get people refocused since endless positive results heading into mining isn't doing it just yet. I think we can see that a seller has provided all the softness. They have also bought additional equipment. $16m cash ( after cost and transport of the plant, studies and drilling).
Key staff sorted. They are looking to expand the mining fleet. This will drop the costs over the life of the mine, move waste and provide expansion possibilities. Drilling is going to continue hard and fast.

' Additional Resource estimation activities occurred at other deposits at Kal East. All
Resources remain open and have potential for strong growth with drilling ongoing.'

Drilling activities during the quarter were focussed on extensions and discoveries near the Majestic,
Fingals, and Trojan Mining Centres. Results included:
o 8m @ 5.23 g/t Au from 48m (21IMRC002) - southern extension of Imperial deposit (Majestic)
o 4m @ 18.40 g/t Au from 96m (21IMRC022) - northern extension of Imperial deposit (Majestic)
o 8m @ 2.25 g/t Au from 36m (21IMRC015) - new target, Majestic Mining Centre
o 2m @ 8.68 g/t Au from 130m (21IMRC029) - Majestic North
o 8m @ 5.81 g/t Au from 68m (21IMDD002) (pre-collar) - hangingwall lode Majestic North
o 4m @ 5.44 g/t Au from 68m (21IMDD001) (pre-collar) - hangingwall lode Majestic North
o 2m @ 7.64 g/t Au from 40m (21FRRC016) - new target, south of Fingals
o 4m @ 5.25 g/t Au from 28m (21FRRC034) - new target, southwest of Fingals
o 4m @ 9.00 g/t Au from 16m (21FRRC064) - new target, 4km north of Fingals Fortune
o 6m @ 3.40 g/t Au from 48m (21FRRC001) - historic shafts, south of Fingals Fortune
o 7m @ 5.04 g/t Au from 61m (21TNRC001) - Trojan extension, south of dolerite dyke
o 4m @ 6.67 g/t Au from 84m (21TNRC006) - new parallel target, southeast of Trojan