BUILDING A PROFITABLE
MID-TIER GOLD MINING BUSINESS

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Quarterly Report July – September 2014

Quarterly Report July – September 2014 Key Points HENTY: Continued strong operational performance at Henty with quarterly production of 12,832 oz gold at a cash operating cost of $976/oz – considerably ahead of plan DARGUES: Technical studies of alternate processing options nearing completion with results expected in December quarter Summary Andrew McIlwain, Managing Director & CEO comment “As we flagged

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Quarterly Report April – June 2014

Quarterly Report April – June 2014 Key Points HENTY: 11,983 oz of gold produced at a cash operating cost of $988/oz FY14 full-year production result of 38,067 oz gold, within recent guidance range Drill testing for continuation of high grade Darwin South orebody to commence in July DARGUES: Technical studies assessing a range of processing options underway Summary Andrew McIlwain,

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Quarterly Report January – March 2014

Quarterly Report January – March 2014 Key Points HENTY: Quarterly production of 7250 oz at a cash cost of $1380/oz Read Zone drilling results include 0.4 m at 394 g/t and 1 m at 115 g/t gold DARGUES: Technical studies and cost reduction programs continuing Near-mine & regional exploration programs underway looking for analogues to Dargues mineralisation $7.9M cash at

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Quarterly Report October – December 2013

Quarterly Report October – December 2013 Key Points HENTY: Quarterly production of 7227 oz gold at a cash cost of $1498/oz Exploration drilling continued to extend Darwin South Zone; results include 2.05 m at 23.6 g/t and 0.9 m at 20.0 g/t gold Drilling within the envelope of the Read Zone continues to yield high grade intercepts; results include 1.4

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Quarterly Report July – September 2013

Quarterly Report July – September 2013 Key Points HENTY: Quarterly production of 11,607 oz gold at cash cost of $1065/oz Exploration drilling has extended Darwin South mineralisation; results include 8.35 m at 19.4 g/t and 6.2 m at 14.8 g/t Drilling also continued to identify high grade zones within the envelope of the Read Zone DARGUES: Access road complete; mining

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Quarterly Report April – June 2013

Quarterly Report April – June 2013 Key Points HENTY: Quarterly production of 13,212 oz gold at cash cost of $979/oz incl. royalties Exploration drilling targeting southern extensions of Read has also extended Darwin South mineralisation; results include 8.35m at 19.4 g/t and 6.2m at 14.8 g/t  gold DARGUES: Earthworks for access road 70% complete, boxcut 80% complete Assessment of options

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Quarterly Report January – March 2013

Quarterly Report January – March 2013 Key Points HENTY: Quarterly production of 12,061 oz gold at cash cost of $991/oz including royalties Significant extensions to the mineralised envelope at Read Zone Regional drilling suggests that the mineralised system could extend up to 3km south of the Read Zone along Henty Fault. DARGUES: Earthworks commenced at Dargues Gold Mine ~10% capital

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Quarterly Report October – December 2012

Quarterly Report October – December 2012 Key Points Cortona Resources scheme merger approved and implemented Quarterly production of 11,478 oz gold at $1101/oz incl. royalties High grade drill results continue at Read Zone, with resource update pending Exploration drive commenced to test and access potential southerly extensions of the Read and Darwin South lodes $36.4M cash in bank, plus $3M

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Quarterly Report July – September 2012

Quarterly Report July – September 2012 Key Points Announced proposed Merger with Cortona Resources Quarterly production of 7100 oz gold at $1597/oz incl. royalties High grade Read Zone accessed this week, 6 months ahead of plan Maiden Mineral Resource for Read Zone (69,000 tonnes at 12.5 g/t gold for 28 koz). $39.4M cash at bank Summary Andrew McIlwain, Managing Director

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Quarterly Report April – June 2012

Quarterly Report April – June 2012 Key Points Quarterly production of 10,692 oz gold at $1148/oz Full year production of 50,058 oz is up 40% on FY11 result and at top end of guidance range Continued exploration success at Read Zone $44.3M cash at bank Summary Andrew McIlwain, Managing Director & CEO comment “Gold production of 10,692 ounces this quarter