Ann: Seymour Resource Confidence Increased ahead of PEA, page-6

Over the last year, GT1's exploration activities have been focused on the Western Hub.

• 19 April - Maiden Root Project (McCombe) JORC
• 7 May - Maiden Root Project (Root Bay) JORC
• 17 Oct - Root Bay size/confidence upgrade JORC
• 17 Nov - Upgrade (minor) re Seymour JORC

Total identified resource one year ago 9.9Mt @ 1.04% (Jun22).
Total identified resource per 17 Nov 24.9Mt @ 1.13%.
Newly defined/Increased JORC resource over the year 15.0Mt (152% increase)

The total Indicated Resource is now at 15.5Mt. While the market doesn't really value this shift from inferred to indicated, its a critical step towards getting a project into production.