Fin Review Coverage, page-8

Slide 19 of Africa Down Under Conference

The $40 Million raised is for:

• Proceeds to be used to progress towards Financial Close for the Project’s debt and equity
financing

• In particular the proceeds will be used to:

• Provide support and overview as Mota-Engil currently mobilises procurement, design and
construction teams for the Project

• Front End Engineering and Design (FEED) contracts for the mine plant and associated
infrastructure

• Appointment of independent technical experts to satisfy lenders requirements, which will
include upgrading our Environmental Impact Assessment to the latest Equator Three
Principles

• Negotiation and detailed term sheet documentation of a comprehensive debt and equity
funding package for the Project

• Continue pre-construction activities in-country

• Ongoing corporate working capital

Without the $40m, we won't be able to carry out the above and progress towards Financial Close for the Project’s debt and equity financing.

Good luck to all holders.

Pikapika