Mining study shows a trial mining operation is economically viable at a gold price of A$1,600 o All in sustainable cash cost (AISC) of $1,140/oz) o Cash surplus $5.2M over 12 months o Total production 185,000t @ 2.2g/t (12,100 oz) o Capital outlay $1.2M o Total Material movement 1.1M bcms at a strip ratio of 10.8 Final statutory and regulatory approvals expected within 1 month, with intention to commence trial mining at Fortitude in Q2 2017 Indicated Mineral Resource upgrade by 12% to 3,084kt @ 1.9g/t (188,400oz) Total Indicated and Inferred Mineral Resources stand at 5,589kt @ 2.0g/t (354,600oz) Ongoing study into a large scale operation currently in progress