Ann: EMP Approval to Drill Next Dome Complex, page-4

Coupe of fun drilling facts (if I have counted correctly)

The T3 maiden resource (28mt @ 1.24% Cu) was done with 51 diamond drill holes over 10,000m. This resource was used in the T3 scoping study.

The resource upgrade in August 2017 (36mt @ 1.14%) which was used in the PFS included a further 20 diamond drill holes for 7,000m.

The latest upgrade in July (60mt @ 0.98%) included a further 88 holes for 27,000m.

What does this mean?

For any scoping study (which is what needs to occur for acquisition from Metal Tiger) I would say based off the above around 50 holes need to be drilled out depending on depth of resource (anyone have a better idea?). Based on drilling 30m per day and holes of avg 600m depth I think 1 rig drills a hole in 20 days? With about 10 holes done to date and 6 rigs on site we should be able to drill out enough for a maiden resource and scoping study in 4 months – so end of the year.. which may be enough time then to include into a DFS due late March next year for T3 (as an add-on).

I know I’m getting a bit ahead of myself…