The Dalgaranga Gold project is located in the Dalgaranga Greenstone Belt in the Murchison Province of Western Australia. The North-East trending belt consists of high magnesium basalt, tholeiitic basalt, intermediate volcanic, felsic intrusive porphyry, and a volcano-sedimentary sequence dominated by black shale and volcaniclastic lithologies. The Greenstone sequence is intruded by large gabbro complexes in the north (Mt Farmer, Mt Charles) and to the west (Dalgaranga Hill). The stratigraphy has been folded into two regional synforms which plunge in opposite directions separated by a regional fault/shear along the western side of the Mt Farmer gabbro sill. The Dalgaranga Greenstone Belt is intruded by a number of post tectonic granites separated by zones of amphibolite and mafic schists intruded by pegmatites.

Gilbeys deposit
The Gilbeys deposit is located on the western limb of a regional anticline within a dextral ductile shear 100 - 200m wide. The shear zone trends North-east and dips North-west, sub parallel to the stratigraphy which strikes between 055°- 065°.

The main body of mineralisation at Gilbeys is hosted by a porphyry - shale / volcaniclastic package and varies from 20 to 110 metres in width. A combined thickness of the main zone and parallel mineralised zones is up to 200m wide. The style of mineralisation at Gilbeys is a quartz pyritecarbonate veined ductile shear system.

The major control on mineralisation at Gilbeys is structure. A major ductile shear hosts the mineralisation, with the ore grade material developing as consistently wide sub parallel lodes in the areas of strongest shearing. A flat and late vein stage is visible in the footwall and ore-zone, these quartz + sulphide veins appear to be variably mineralised.

The footwall shale is moderately graphitic, pyritic and usually contains pyrrhotite. It varies from 10m thick in the south to 80m thick in the north, where shearing and folding have thickened or repeated the shale. This unit appears to form the eastern boundary to the strongest deformation, acting in a very ductile manner during the deformation.

Golden Wings Deposit
The host rocks at Golden Wings consist of a sequence of high magnesium basalts, basalt and interflow sediments (predominantly black shales) and minor porphyries. Quartz gabbro occurs on the northern side of the prospect. These rock units have been sheared to form quartz biotite schists, with the strike of the geology interpreted to be east-west in a broad shear zone. A welldeveloped weathering profile occurs at Golden Wings; at surface a mixed hardpan / residual pisolitic laterite horizon to approximately 5m depth is well mineralised, below which residual mottled and saprolitic clay zones are developed, in places strong oxidation occurs to a depth of 80m or more.

Golden Wings mineralisation is a plunging orebody limited to a short strike length of mineralised shear zone. There are several mineralised shears developed within a 100m wide zone over 450m of east-west mineralised structure. The geometry of the orebody within the broad east west trend, is, dominated by a high grade zone trending 065-070° dipping steeply to the North, slightly oblique to the stratigraphy. A review of the historic Newcrest, Equigold reports and recent Gascoyne Resources drilling shows multiple gold mineralised zones occurring in the following fresh rock types around 100m; sericite chlorite-quartz schists after mafic or sedimentary units, and quartz-pyrite arsenopyrite plunging lodes within biotite sericite-carbonate-pyrite schists.

The mining method adopted at Dalgaranga is open pit mining, using conventional truck and excavator mining. The ore is near surface and is generally described as medium grade.

Mining consists of drill and blast, load and haul with 5m to 10m flitches and 20m batters between benches. Mining is carried out by an experienced mining contractor.

The development of the Gilbey’s pit wall included 3 stages of cut-back, with stage 3 being the final (ultimate) pit. The proposed ultimate pit measures approximately 1,560 metres in length by 680 metres wide, extending vertically to a level of 130 metres reduced level (“RL”), and a maximum depth of approximately 290 metres below surface. The east wall of the proposed pit design contains the majority of final ramp access. The proposed development of the Golden Wings pit measures approximately 500 metres in length by 300 metres wide, extending vertically to a level of 300 metres RL, and a maximum depth of approximately 140 metres below surface.

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The processing plant was commissioned in May 2018 and consists of crushing and milling using autogenous grinding, gravity recovery, cyanide leaching, carbon absorption and gold recovery. The plant design is considered to be conventional in nature and is currently operating to nameplate specification.

The plant is capable of processing 2.5Mtpa of fresh and 3Mtpa of oxide or transition ore.

Process recoveries are modelled as follows:
- Oxide 93%;
- Transition 93%;
- Fresh above 290RL 92%;
- Fresh below 290RL 87.45%;

These are largely based on the 2016 Feasibility Study with adjustments applied based on existing performance through the plant.

The crushed ore will be conveyed to the milling circuit and further processing into gold doré from gravity and CIL recovery.

Ore will be transported to the Run of Mine (ROM) pad from the open pit ore bodies at Golden Wings in the first year of operation followed by the red ........