Ann: Third Quarter Activities & Cashflow Report, page-2

Shareholders can now understand the reasons why NT clearance took so long.

PROGRESS OF NATIVE TITLE NEGOTIATIONSThe final terms of the Native Title and Heritage Agreement (NT Agreement) have now been settled with the Wajarri Yamatji Working Group.As explained in previous Company announcements, the NT Agreement, has been expanded to include the Lydia Project, as well as the Crown Prince Project. The NT Agreement also outlines a procedure to bring additional tenements held by the Company in the broader project area, within its terms. For these reasons and because negotiations always have been on a positive and good faith footing, the Company has persevered, rather than resorting to the Native Title Tribunal.On 29 July 2021, the Federal Court handed down its final determination, with the effect that native title as claimed by the Wajarri Yamatji people in respect of land that includes the
Company’s mining tenements is now vested in the Wajarri Yamatji Aboriginal Corporation. Accordingly, the proposed Native Title and Heritage Agreement with the Company can now be entered into with that Corporation (signed by 2 officers of the Corporation). This alleviates the need for the NT Agreement to be signed by the 16 original persons who made the native title claim.The Company anticipates that the NT Agreement will be signed in the very near future.