Quarterly Activities Report – Period Ended October 2017

• Copper Growth Strategy launched to develop advanced stage copper-gold (cobalt) projects and focus  on new mineral discoveries in the Curnamona Copper Belt.
• Portia high grade drilling results, including 10m at 8.62g/t in PTAC492, confirm and extend Portia pit floor gold mineralisation.
• Recently identified Jupiter magnetotelluric geophysical anomaly has signatures associated with IOCG mineralisation within Havilah’s northern tenements.
• Portia gold sales were ~54% higher compared to the previous quarter at 2,681 ounces.

• Portia C1 Cash Cost per ounce decreased by ~24% compared to the previous quarter at $1,235 per oz.

• Portia plant throughput increased by ~11% in the quarter, making it the third quarter in a row with improved throughput.

• Rights issue raised ~$1.5 million and a further ~ 1.4 million from placement of shortfall to date.

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