**o $52 million equity raising completed in mid-April with...

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o $52 million equity raising completed in mid-April with strong backing received from institutional investors

o Balance sheet repair completed, including normalisation of trade payables and final repayment of MACA secured
debt. The Company is currently debt free

o COVID-19 Response Plan implemented

o The Company is 10 months into a 24-month strategic plan.

The five-point plan involves;

1. Repair the balance sheet

2. Maintain and increase immediate operational cash flow

3. Transition to gold concentrate production

4. Expand gold production; and

5. Undertake exploration and feasibility to fully develop a more than 250,000 oz. per annum, long life gold
operation

The Company is now confident that the heavy investment to secure higher grade ore supplies and remedy other production issues encountered during the March quarter will result in a steady performance for the next 18 months, providing valuable cash flow while we transition to Stage 1 sulphide production which underpins the Company for the long term.

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