CORPORATE

Cash and Cash Equivalents

As at 31 March 2018, the Company had cash of $8,771,449.

Northern Star Resources Limited Shares

During the quarter, the Company sold 250,000 shares in NST at an average price of $6.94 per share receiving approximately $1.72 million (net of transaction costs).

As at 31 March 2018, the Company has 500,000 NST shares remaining.

EXPLORATION

Central Tanami Project (75% Tanami)

During the quarter as advised by NST, the following activities were undertaken by NST:

  • Submitted the Mine Management Plan (“MMP”) variation for 2018 work programs at Suplejack and Tanami South;
  • SSCC approval for 2018 work programs at Suplejack and Tanami South;
  • Suplejack Access Agreement negotiations;
  • Completed geochemical sampling program at Suplejack;
  • Planning for drilling programs at Suplejack and Freefall projects completed;
  • Site preparation for aircore drilling at Jims Return, Terminus, Solaris, Channel 4 and Freefall completed;
  • Site preparation for RC sterilisation drilling at Hurricane‚ÄźRepulse;
  • Water sampling at CTP; and
  • Continued interpretation of new airborne data

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Cash and Cash Equivalents

As at 31 December 2017, the Company had cash of $7,250,052.

Joint Venture with Northern Star Resources Limited

As previously announced, the Company and Northern Star Resources Limited (“NST”) have formed an unincorporated joint venture (“JV”) to advance the Company’s Central Tanami Project (“CTP”).

Northern Star Resources Limited Shares

As at 31 December 2017, the Company has 750,000 NST shares remaining.

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Cash and Cash Equivalents

As at 30 September 2017, the Company had cash of $3,968,086.

Joint Venture with Northern Star Resources Limited

As previously announced, the Company and Northern Star Resources Limited (“NST”) have formed an unincorporated joint venture (“JV”) to advance the Company’s Central Tanami Project (“CTP”).

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Cash and Cash Equivalents

As at 30 June 2017, the Company had cash of $ 4,573,407.

Joint Venture with Northern Star Resources Limited

As previously announced, the Company and Northern Star Resources Limited (“NST”) have formed an unincorporated joint venture (“JV”) to advance the Company’s Central Tanami Project (“CTP”).

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Cash and Cash Equivalents

As at 31 March 2017, the Company had cash of $ 5,011,125.

Joint Venture with Northern Star Resources Limited

As previously announced, the Company and Northern Star Resources Limited (“NST”) have formed an unincorporated joint venture (“JV”) to advance the Company’s Central Tanami Project (“CTP”).

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