Ann: Quarterly Report for the period ending 30 Ju, page-2

re: Ann: Quarterly Report for the period endi... Tanami takes next step towards becoming 200,000oz a year producer with record performance for June Quarter Production up, costs down, exploration strong Record Quarterly gold production with lower costs

Record production from the Western Tanami Gold Operations, with 12,900 ounces produced at a cash cost of
A$655 per ounce. This is a 23% increase in gold production and a 2.5% decrease in cash costs per ounce
compared to the previous Quarter. (10,456 ounces at a cash cost of A$672 per ounce).

For the full 2009-10 financial year, the Company achieved a record performance with 227,610 tonnes treated, 55,626
ounces mined and a total of 47,960 ounces produced.

Bald Hill Open Pit operations forecast to recommence in the second Quarter 2010-11.

Surface Run-Of-Mine (ROM) stockpile remains at 100,051 tonnes containing an estimated 7,666 ounces (previous
Quarter, 109,300 tonnes containing 9,950 ounces).
Strong exploration results continue to flow

Surface diamond drilling results from the Western Tanami Project confirm continuity and high-grade nature of the
Sandpiper mineralisation beneath the current pit floor.

Significant down-hole intersections from SPDD14 include:
o 11.0m @ 4.9g/t from 227.5m
o 4.7m @ 4.8g/t from 266.8m
o 2.6m @ 30.1g/t from 285.6m
o 6.3m @ 6.2g/t from 341.2m

RC and diamond drilling results from the Central Tanami Gold Project indicate depth continuity to the Miracle deposit.

Significant down-hole intersections include:
o 5.2m @ 11.6g/t from 179.8m in TODD3
o 3.0m @ 8.4g/t from 136.0m in TORC5
o 5.0m @ 3.0g/t from 65.0m in TORC18