Ann: Resource Upgrade at KNP Cobalt Zone delivers 108M tonnes, page-3

Significant increase in resource defined in preparation for the Pre-Feasibility Study mining schedule
• An updated KNP Cobalt Zone resource has increased markedly to 108.3 Mt at 0.10 % cobalt and 0.79 % nickel
o Includes over 108,000 tonnes of contained cobalt metal and over 856,000 tonnes of nickel metal
• Increased tonnages are from Goongarrie area:
o Reflects revenue-driven cobalt and nickel focus for mining schedules defined for the PFS on the Goongarrie Nickel Cobalt Project with increased inclusion of nickel blocks
o Reported resources are captured within conceptual PFS pit shells
o Shallow, lateritic, cobalt-nickel mineralisation is up to 16 km long and 1 km wide.
• PFS finalisation progressing