Ann: Upgraded cobalt resources, Goongarrie South and Big Four, page-2

Upgraded KNP Cobalt Zone global resource of 65.7 Mt at 0.13 % cobalt and 0.79 % nickel 1 2 (up from 49.7 Mt at 0.12 % cobalt and 0.86 % nickel 3), including:

o 25.3 Mt at 0.14 % Co and 0.83 % Ni 2 at Goongarrie South

o 11.4 Mt at 0.13 % Co and 0.71 % Ni 2 at Big Four

o An additional 16.0 Mt added to the cobalt resource through remodelling of two constituent deposits only.

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• Based on this updated resource, contained cobalt metal in the

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KNP Cobalt Zone now exceeds 83,000 t for (up from 59,600 t)o At Goongarrie South, an 88 % increase in contained cobalt

metal from a 58 % increase in tonnes and 19 % increase in grade o At Big Four, a 188 % increase in contained cobalt metal from

a 142 % increase in tonnes and 19 % increase in grade. Remodelling of other portions of the KNP Cobalt Zone is underway.