Mt Carlton Gold Mine and Crush Creek project, located in Queensland, Australia, collectively, the Mt Carlton Operations. Mt Carlton The Mt Carlton Mineral Resource includes the V2 open pit and underground mines, the A39 underground mine, Telstra Hill, the Tailings Storage Facility (TSF), surface stockpiles and the satellite deposit of Mt Carlton United. The Mt Carlton deposits are hosted within Early Permian Lizzie Creek Volcanic Group rocks close to the northern margin of the Bowen Basin. Mineralisation at Mt Carlton ranges from intermediate to high sulphidation epithermal gold-silver-copper mineralisation. V2 and A39 are high sulphidation epithermal gold-silver-copper rich deposits hosted within a doubly plunging rhyodacite package, with the higher-grade mineralisation occurring in steeply dipping NE trending structures surrounded by lower grade flat to shallowly dipping stratiform mineralisation. Mt Carlton United and Telstra Hill are intermediate sulphidation epithermal gold-silver-copper deposits, hosted within rhyodacite volcanic and volcaniclastic sequence. V2 is a high-sulphidation epithermal gold-silver-copper rich deposit hosted within a rhyodacite package, with the higher-grade mineralisation occurring in steeply dipping NE-trending structures surrounded by lower grade flat to shallowly dipping stratiform mineralisation. The gold mineralisation at V2 is orientated in a predominantly NE-SW trend with strike extents of 750 metres, across strike extents of 700 m ........

During the 2022 year, the Mt Carlton production was sourced primarily from the V2 open pit and underground mines. Production for the remainder of calendar 2022 will be sourced from ongoing V2 open pit mining, prior to the expected introduction of higher-grade production from the Mt Carlton United open pits once permitting is finalised. Underground Mineral Resources have reasonable prospects for eventual economic extraction by either the LHOS for Mount Carlton United or cut-and-fill for V2 underground mining method. Future mining operations at Mt Carlton have potential to be supplemented by additional satellite ore sources located nearby on the mining lease at Mount Carlton United and Telstra Hill, and from two Crush Creek deposits (BV7 and Delta), located approximately 30 kilometres to the south-east. Mount Carlton United Mount Carlton United is a shallow satellite gold, silver and copper deposit located on the current Mt Carlton mine lease, approximately four kilometres from the processing plant. An application for final regulatory approval prior to mining was submitted during the period, with mining operations targeted to start in the second half of calendar year 2022. Telstra Hill Telstra Hill is a shallow gold and silver deposit located within one kilometre of the Mt Carlton process plant and is a potential satellite open pit ore source undergoing regulatory approval for mining in 2023. Crush Creek The Crush Creek Gold project is part of the broader 815 square kil ........

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