Copper Hill

• Scoping Study delivered with plant capital cost estimate at $92 million
• Total Geological Resource: 215 million tonnes at 0.3% copper and 0.24 g/t gold
• Constrained Resource:153 million tonnes containing 511,000 tonnes of copper and 1.35 million ounces of gold
• Metallurgical studies continuing

Other Projects

• Cargo drilling completed: 6 holes totalling 757.9 metres
• Gawler Craton copper-gold: progress with access and other approvals for planned drilling