Central Tanami Project Joint Venture (Tanami Gold 50%)

The Central Tanami Project Joint Venture (“CTPJV”) has been established to advance exploration on the 2,211km² tenement area held by the CTPJV in the Tanami Region in the Northern Territory. The tenement holding encompasses highly prospective, underexplored geological sequences, in an area that is known to be well endowed with gold mineralisation. The objective of the CTPJV is to develop and mine the Groundrush Gold Deposit and any other Ore Reserves and Mineral Resources delineated in the CTPJV tenements at the earliest possible time, utilising the existing mining infrastructure already in place on the project area, commensurate with good mining practice.