Tandarra Update, page-27

I didn't understand anything why the people were waiting but not buying so far when it was around 5c! The potential of projects were clear and it was obvious that the retention licence was going to be issued. It is still very cheap in comparison to CYL's market cap ($115m) and assets. I believe NML's market cap should be around $70m at least (sp of 20c).

A lot to happen and to be revealed in next months;

ACTIVITIES PLANNED FOR THE DECEMBER QUARTER

Irvine Gold Project:

• Complete 3,500 metre RC drilling program at the Adventure Lode

• Plan and execute follow-up diamond drilling program at Adventure and Resolution lodes on receipt of RC drill results

St Arnaud Gold Project:

• Commence first-pass AC drilling program testing new targets identified on East Field Trend

Tandarra Gold Project:

• Execute Joint Venture Agreement with Catalyst Metals Limited• Complete logging and sampling of final diamond drill hole• Plan and prepare for 2019 drilling programs

Regional Projects

• Complete gravity survey at Langi Logan

• Commence first-pass AC drilling program at Langi Logan

• Plan follow-up AC drilling program at Glenlyle