Ann: Torian Enters Into Agreement to Acquire Tarmoola Station, page-2

Torian enters into an exclusive call option agreement to purchase the 172,662Ha
(424,748Ac) Tarmoola Station and “Carhill Contracting” a mining services business
operated upon and from the Station
 Station acquisition to help fast track further exploration and potential mining
operation at the Mt Stirling Gold Project
 Tarmoola Station is 50% covered by mining / exploration leases, including operating
and abandoned mines
 Agreement includes the purchase of the following cash flow positive businesses with
cumulative free cash flow of ~$1,000,000 p.a. (unaudited):
o A mining services business “Carhill Contracting” (Includes ~$700k of machinery
and equipment)
o Rights to continuing carbon credits valued at approximately $360k per annum
o Approximately 700 head of cattle
o A 20-person camp with approvals in place and infrastructure built to upgrade to
a 50-person camp with associated mess and kitchen facilities.
 As owners of the station, Torian will receive continuing carbon credits valued at
approximately $360,000 per annum
 Torian to spin off its Mt Monger and Gibraltar assets to focus attention on the Mt
Stirling Gold Project
 Torian still awaiting the results from 43 drill holes at Mt Stirling, 18 holes at Stirling
Well and 19 holes from Diorite
 Torian’s drilling program will continue into Q1 of 2021
 Interim JORC resource for Mt Stirling on track to be delivered in Q1 2021