15 2022 ANNUAL REPORT DARLOT GOLD PROJECT The Mineral Resource for the Darlot Gold Project has increased by 25% for an additional 366koz since 30 June 2021. This resource increase has been the result of several factors including updated resource models for the Middle Walters South, Centenary and Pederson deposits, improved accuracy of the lode interpretations at Darlot as a result of the additional resource drilling reported. This also includes the inaugural release of the JORC 2012 resource modelling of Mission and Cable deposits. These resources form part of the exclusive sub-lease over the southern portion of Exploration Licence E37/1220. The Darlot Gold Project Mineral Resource as at 30 June 2022, which includes all stockpiles, ROM, and underground broken stocks, is 17.1Mt @ 3.4g/t for 1.84Moz of contained ounces. The Ore Reserve for the Darlot Gold Project has decreased by 12.8% for a reduction of 16koz, net after depletion since 30 June 2021. The major contributors to the decrease are the change in cut-off grade driven by cost inflation and the depletion of the Great Western open-pit which completed mining in FY22. Further work is scheduled to progress in FY23 to convert the Great Western underground resource to reserves. The Darlot Gold Project Ore Reserves as at 30 June 2022 is 1.3Mt @ 2.6g/t for 109koz of contained ounces. The Darlot Gold Project Mineral Resource and Ore Reserve estimates, net of mining depletion, as at 30 June 2022 are detailed below. Darlot Gold Project JORC 2012 Resources and Reserves as at 30 June 2022 Darlot Gold Project Mineral Resource as at 30 June 2022 Project Au cut off g/t Mining Method Classification Tonnes (kt) Grade Au (g/t) Contained Au (koz) Darlot 2.0 UG Measured 2 7.4 1 Indicated 7,149 4.3 987 Inferred 4,846 3.9 612 Sub Total 11,998 4.1 1,599 Great Western 1.5 UG Measured 0 0.0 0 Indicated 57 4.0 7 Inferred 142 3.1 14 Sub Total 199 3.4 22 Underground – sub-total 12,196 4.1 1,621 Darlot Region 0.5 OP Measured 100 1.0 3 Indicated 810 1.2 31 Inferred 3,508 0.7 76 Sub Total 4,418 1.4 200 Great Western 0.5 OP Measured 6 2.8 1 Indicated 83 2.7 7 Inferred 97 1.9 6 Sub Total 186 2.3 14 Open-pit – sub-total 4,604 1.4 214 Darlot & Great Western UG & OP Resource - sub total 16,800 3.4 1,834 Broken Stocks Variable UG Measured 16 2.3 1 ROM Variable UG & OP Measured 251 0.6 5 Stockpiles – sub-total 267 0.7 6 Darlot Gold Project (as at 30 June 2022) Variable All Measured 375 0.8 10 Indicated 8,099 4.0 1,032 Inferred 8,593 2.6 708 Grand total 17,067 3.4 1,840 MINERAL RESOURCES AND ORE RESERVES Statement (cont.)
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