Wiluna Mining Operation comprises four mining centers being Wiluna, Matilda, Lake Way and Regent.

WILUNA MINING CENTRE
The Wiluna gold deposits are categorised as orogenic gold deposits, with similarities to many other gold deposits in the Yilgarn region. The deposits are hosted within the Wiluna Domain of the Wiluna Greenstone Belt. Rocks in the Wiluna Domain have experienced greenschist-facies regional metamorphism and brittle and ductile deformation. The Wiluna Domain is comprised of a sequence of basalts and high-magnesian basalts, with intercalated felsic intrusions, lamprophyre dykes, metasediments, and dolerites.

Mineralisation is structurally controlled by the Wiluna strike-slip fault system. Gold occurrences are predominantly associated with north or northeast trending dextral strike-slip faults. Gold mineralisation is localised at dilational bends or jogs along the faults, at fault intersections, horsetail splays and in later stage cross-cutting structures.

Post mineralisation reactivation on the main structures has offset ore bodies by a few hundred metres. Lodes are generally associated with silica-sericite-carbonate-sulphide alteration and comprise quartz lodes, cataclastic breccias and narrow veins associated with splay structures.

Depending upon the nature of the host rock and structural control, the ore zones generally form steeply dipping and southerly plunging lenses from 2 m to 25 m in thickness and extending up to 600 m down dip. Laterally they may extend from 50 m to 300 m.

The ore zones are weathered to an average depth of 45 m to 70 m below surface. In this zone the sulphides have been oxidised and the gold liberated, allowing the ore to be treated using conventional carbon in pulp technology. In the sulphide zone the gold occurs almost entirely locked within the arsenopyrite and pyrite sulphide crystal lattice - hence the refractory nature of the primary ores.

Free gold is noted only rarely in primary ore. The arsenopyrite and pyrite are finely disseminated through the rock with lesser amounts in quartz carbonate network veins and wispy sulphide veinlets and clots. Massive stibnite veins, of restricted extent and often with high grade gold contents, occur in West Lode, Happy Jack, Moonlight and Lone Hand deposits.

The major structure in the mine area is the north-south striking, steeply east dipping Graphite Shear Zone which controls the West Lode and Happy Jack South deposits. It splits in the Happy Jack South area into the north trending Creek shear and the north-east trending Bulletin shear. Several major splays from the main shear system also act as important mineralisation controls. These include the East Lode, Squib and Adelaide Shears. The cumulative displacement on the Graphitic Shear system in the mine area is about 1.3 km. A set of stratigraphically parallel shear zones (e.g. Lawless and Golden Age) are also important influences on the development of both lode and reef style mineralisation.

Within the Wiluna mine environment gold-related hydrothermal activity occurred in two main stages, each with a distinct mineralogical association. Wiluna fresh ores are refractory, with most gold occurring in either solid solution or as submicroscopic particles within fine-grained sulphides.

MATILDA MINING CENTRE
The Matilda domain is a greenschist to lower amphibolite facies metamorphic terrain with predominantly ductile deformation. It comprises a volcano-sedimentary sequence in an interpreted major north-west trending synclinal structure, with the axis close to the Perseverance Fault. The sequence comprises basal banded iron formation in the west, overlain by komatiitic volcanics with limited basal peridotite members, grading upwards into high-magnesium basalt and basalt with interflow chert and graphitic sediments. Metabasalt predominates in the project area. Felsic volcanic rocks and sediments are interpreted to form the core of the syncline.

The Matilda deposit is comprised of a number of domains; M1, M2, M3, M4, M5, M6, M8, M10 and Coles Find. These combined zones extend almost 5km along a strike of 330° and cover a width of approximately 1km. The deepest vertical interval is 395m at the M1 prospect.

LAKE WAY MINING CENTRE
At Lake Way, stratigraphy is concealed by shallow (0 to 4m deep) lake sediments, and comprises westerly younging, steep-to-vertically dipping lateral variants of the Wiluna Mining Centre stratigraphy. From footwall to hangingwall, the sequence consists of Unit3 basalt, Wiluna Mine komatiite marker, Unit2 tholeiite, Unit1 high Mg basalt and Unit4 basalts/interflow sediments, overlain by a thick sequence of volcaniclastics. All units are intruded by differentiated dolerite and minor felsic porphyry or monzogranite.

At Williamson and Williamson South, gold mineralisation occurs as weakly disseminated sulphides within a broad anomalous envelope around a north striking/east dipping monzogranite. Higher grade sulphide and visible gold mineralisation is associated with the shearing on the contacts of the granite and also within the main west dipping shear that intersects the monzogranite.

Mineralisation within the monzogranite body varies from broad, low grade, disseminated sulphides in the monzogranite to high grade veins formed within fractures (possibly conjugate) containing visible gold. Alteration ranges from weak carbonate chlorite alteration distal to the main structure to strong hematitecarbonate-silica-pyrite-sericite alteration associated with high grade mineralisation.

REGENT MINING CENTRE
The Regent Prospect is located within a package of felsic-intermediate volcanics west of the Wiluna Mine Sequence and Madji Fault, and east of the Perseverance Ultramafic. Stratigraphy at Regent is dominated by intermediate volcanic and volcaniclastic rock intruded by the Regent Dolerite. A graphitic shale unit occurs above the hanging wall of the dolerite in the southern area of the prospect. The sequence strikes to the northwest, and dips moderately to the northeast.

The Regent deposit is overlain by 30m of transported cover. This material consists of 20m of lacustrine clay overlain by ferruginous sand and clay, then up to 9m of calcrete to surface. The underlying residual profile is deeply weathered, with the base of complete oxidation (BOCO) encountered between 60-80m below surface. The BOCO has been the focus of supergene enrichment of gold. A depletion zone occurs in the overlying pallid clay zone. The first significant mineralisation of the Regent deposit occurs 45m below surface.

Gold mineralisation within the dolerite is hosted within intense silica-white mica- carbonate+-haematite alteration. Sulphides are abundant, and include pyrite (10-20%), arsenopyrite (1-5%) and rare stibnite. Pyrite is generally disseminated but also occurs as bands or stringers. Quartz veining abundance is variable, from 3- 50%. High-grade mineralisation is generally associated with quartz veinlets or quartz vein breccias. Visible gold is rare. Chlorite- leucoxene+-carbonate alteration is distal to the mineralisation. The presence of hematite alteration is variable, associated with both proximal and distal alteration.

Operations sites came out of Care and Maintenance in mid-2016 with the recommencement of mining at the Matilda and Wiluna mine sites.

OPEN PIT OPERATIONS (curently completed)
Various approvals were obtained during 2016 to 2018 to commence mining at brownfields Wiluna, and Williamson mine sites and greenfields Galaxy mine site.
- Open cut mining commenced at Galaxy in April 2017 and was completed in 2018.
- Open pit mining completed at Matilda and Wiluna subsidiary pits in 2020;
- Mining activities at Williamson were completed as planned in Q3 FY 2021. Stockpiled ore from Williamson continued to provide most of the feed for processing from February until June 30. Williamson provided approximately 1.2Mt of mill feed in FY 2021.

UNDERGROUND OPERATIONS
In 2016 was commenced underground mining of the high grade Golden Age orebody.

Underground operations continue to provide valuable high grade, free milling feed from the Golden Age orebody to the process plant, whilst rehabilitation of existing development and new development commence to open stoping blocks for initial sulphide mining areas.

The Golden Age Underground mine is accessed via the Bulletin portal located only 2.5km from the Wiluna Gold Plant. Mining method - combination of top-down mechanised longhole open stoping method, with in-situ pillars left unmined for support, and airleg stoping in areas with a dip less than 35 degrees.

Murray Engineering have been contracted to supply and maintain mine fleet for current production associated development and stoping.

Byrnecut Contractors have been engaged to provide equipment and personnel for existing development rehabilitation and new development for resource-reserve drill out programmes and production from new mine areas.

SULPHIDE DEVELOPMENT PLAN
The Wiluna Mining Centre is divided into three geographical areas, centred on underground mine portals and planned mining areas of the Stage 1 Sulphide Development plan. Mining is planned to commence at the Wiluna North Mine area via the existing Bulletin Decline, and two existing declines at the Happy Jack deposit, and then extend to the Wiluna South Mine area via two additional existing declines in East Pit. The Stage 1 plan focusses on high-grade sulphide ore bodies close to existing decline access and less than 600m deep, leading to rapid low-cost access to ore.

Underground operations continue to ramp up with the focus on continuing the progressive rehabilitation of existing accesses and infrastructure to establish initial stoping areas for the commencement of concentrate production from the Stage 1 concentrator.

Mining operations in the Bulletin and Happy Jack mines have continued to progress with infrastructure upgrades and development accelerating.

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The Wiluna Gold Plant has run under several incarnations in the last three decades of operation, including Carbon in Pulp (CIP) and Carbon in Leach (CIL), to process free-milling (oxide) ores and more recently as a BIOX® CIL to process refractory (sulphide) ore.

Currently operating a CIL plant, processing free milling ore producing approximately 62kzopa.

The 2016 Restart
The strategy to re-start production focused on free-milling (oxide) resources which Wiluna Mining (formely Blackham Resources) intended to process through the relatively straight-forward Carbon in Leach (CIL) circuit at Wiluna. This involved crushing, grinding, gravity and CIL.

After successfully financing the project, first gold was poured in October 2016.

Over the last two years, the free-milling circuit has achieved steady throughput of 1.8 million tonnes per annum. The rod-mill refurbishment was completed in December 2019, offering ‘an approximate 20% increase in g ........