Ann: High Grade Intercepts and Conglomerate Review, page-2

Highlights • Further impressive results returned from Au81 West prospect, located 3km from the processing plant. Latest results include: o 11m @ 11.69g/t Au from 43m incl. 6m @ 19.62g/t Au (AUGC00145) o 13m @ 1.35g/t Au from 17m incl. 2m @ 6.23g/t Au (AUGC00146) o 7m @ 3.9g/t Au from 18m incl. 2m @ 8.93g/t Au (AUGC00148) • Further broad, near-surface intercepts returned from drilling at Shearers North, 500m north of the previously mined Shearers pit. Results include: o 20m @ 1.42g/t Au from 9m (FMX1874) o 26m @ 1.47g/t Au from 30m incl. 2m @ 5.81g/t Au from 32m (FMX1871) o 6m @ 2.01g/t Au from 33m (FMX1864) o 10m @ 1.48g/t Au from 10m (FMX1866) • The presence of extensive conglomerate beds within the Nullagine Project area has prompted a detailed project-wide review of gold mineralisation within conglomerate • Nullagine also hosts alluvial workings where abundant gold nuggets have been found • Conglomerate and alluvial nuggets have recently been associated with several high-profile gold discoveries in the Pilbara • Nullagine has produced +45,000oz from deposits containing conglomerate, but no detailed assessment has been undertaken of the potential for large-scale conglomerate-hosted gold mineralisation