Ann: Scoping Study Begins on Underground Mining - Bowdens Silver, page-3

HIGHLIGHTS

• With ongoing outstanding drilling success, a Scoping Study for potential
underground mining scenarios at Bowdens Silver has commenced.
• The Scoping Study is separate to and does not affect the current late-stage
approval process for Bowden’s Silver open-pit development.
• An underground Mineral Resource preliminary assessment has also
commenced and will operate concurrently with the 30,000 metre diamond
drilling program.
• Recent drilling at the Northwest High-Grade Zone, the Aegean Zone and the
Bundara Zone has demonstrated considerable high-grade potential
immediately beneath the current Ore Reserve for the proposed open-pit
mine development.
• The reporting of drilling results will continue until at least the end of the 2021
calendar year.
• The Mineral Resource assessment and Scoping Study will be complete post
the drilling phase, likely in the March quarter 2022.
• Drilling continues with four rigs operational on site.