Ann: Quarterly Activities Report - March 2018, page-3

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KEY OBJECTIVES FOR JUNE 2018 QUARTER

• • Cascavel to be cashflow positive for the month of May.
• • Commence bulk sampling at Cuca in late May.
• • Commission Hammer Mill 4 with initial focus on high grade tailings.
• • Aim for 2,000 ounces of production for the month of June.
• • Complete initial drilling programme at Antena and begin drilling at Cascavel, Cuca and Sertao.
• • Progress works at Eliseo with a further 10 sample pits (9 already complete & awaiting results).
• • Complete Tintiero cobalt field work. Re-assays of 2012 rock chip samples graded up to 1.19%.
• • Complete in pit optimisation studies at Antena and Sertao to assess viability to re-open given,
• the significant mineralisation left in the pits.

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