Grants Basin Iron Ore Exploration Target

• Initial Exploration Target* for iron ore has been estimated for the Grants Basin.
• The Exploration Target* is supported by recent RC and diamond drilling data, including assays, geological interpretation and 3D modelling and interpretation of aeromagnetic images.
• A follow up resource drilling program is planned for 2019.

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* The potential quantity and grade of the Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.