pilbara ballot confirmation, page-2

Priority exploration licence application E47/2110 of some 30sq km is located in the Pilbara region of
Western Australia. Hemisphere won the ballot ahead of six other applicants including FMG Pilbara
Pty Ltd, Hancock Prospecting Pty Ltd, Murchison Metals Limited and others.

The property was keenly sought and is located 1.8km south of Hemisphere’s Yandicoogina South
Project (E47/1904), approximately 15km north east of Mining Area C (BHPB) and some 5km north of
Hope Downs. Basement geology includes Brockman Iron Formation and Weeli Wolli Formation.