Shares on Issue 293,857,802 Quoted Options on Issue 68,118,999 Unquoted Options/Performance Rights 7,783,331 Cash, Receivables & Inventory (31/12/2020) US$3.2M Debt (31/12/2020) US$0.1M
• Plant refurbishment completed within budget • First production: Thursday afternoon 14 April 2021 • Zinc and lead concentrate looking good ( awaiting confirmation by assays) • Tailings storage facility operating as expected • Plant commenced operating at 100tpd, production being ramped up • Expected Zinc recoveries 75% (Aldama 70%) • Expected lead recoveries 60% (Aldama 38%) after future installation of shaking tables • Constant mine water quality stabilises reagent consumption and plant performance • Mill oversized, targeting 200tpd at <63microns, mill designed for 300tpd • Installed power 1 MW duty and 1 MW standby to increase plant availability • Current production rates average 100 tpd, targeting 250 tpd • Current stockpiles exceed 3,000t (~US$1.2M NRV), plan to reduce by end Q2, 2021 • Pumping rates increased to reach target water level depth by November 2021 maintaining scheduled drawdown • Mine infrastructure renewed with new pumps ventilation, services, offices and change house completed • Purchase of updated key mobile mining equipment in progress
