Fire was a minor setback, but this could be a big game changer...

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Fire was a minor setback, but this could be a big game changer for SLR, all the dots getting into place, waiting on exploration updates ..........................

Sugar Zone – Operational reset to leverage installed infrastructure ▪ Mining reset through investment & approach- Introduction of latest generation drilling and loading fleet on track fordelivery and commissioning through Q4 FY23 & Q1 FY24

• Supports mine redesign to incorporate increased level intervals,improved operating efficiency and lower costs- New fit for purpose maintenance workshop operational, upgrades tomining services infrastructure (pumping, communications) welladvanced- Deliver acceptable availabilities and utilisation of fleet, followed byoptimising productivity

▪ Plant optimisation to provide flexibility- New crusher removes high cost bottleneck & increases throughputfrom 40t/hr to >100t/hr- Paste plant and reticulation system to deliver paste underground‒ Increased ore recovery, improved stope stability & reduced LOM TSFfootprint with the majority of tailings deposited underground