Quarterly Activities Report – Period Ending January 2018

• Kalkaroo draft pre-feasibility study delivered and currently being reviewed by Havilah and Wanbao Mining technical teams.
• Independently determined Kalkaroo pre-feasibility study Mineral Resource closely matches Havilah’s earlier published copper-gold resource.
• Mutooroo sulphide ore being tested by Cobalt Blue Holdings after signing an MOU on the use of their proprietary cobalt recovery process.
• North Portia joint work program for mine permitting and PFS to progress under an agreement reached with Consolidated Mining & Civil.
• Portia revenue sharing agreement restructured to improve operational efficiencies, modifying Havilah’s share to a 15% gold revenue stream.
• Full $5.4 million of Rights Issue raised after placement of all shortfall.

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