Quarterly Report July – September 2015

Key Points

• Corporate :
  • Cash and Gold in Transit at 30 September 2015 amounting to approximately $23 million;
  • Return of Capital to all shareholders of $0.005 (half a cent) per share completed, totalling approximately $5.7 million;
  • Strategic Review announced following approaches from various parties expressing an interest in asset transactions and other strategic initiatives. Unity has appointed Grant Samuel and Jett Capital to assist with this process;
  • Unmarketable Parcel Program completed, reducing total shareholder numbers by approximately 4,000 (an approximate 45% reduction) with annual cost savings around $275,000; and
  • Continuing strong focus on cost reduction initiatives across the whole of the business.
• Henty :
  • Gold production during the quarter of 7,558 ounces (approximately 11% ahead of budget) as the mine approaches care and maintenance, at the end of November 2015;
  • Cash Cost and All-In-Sustaining Cost for the quarter of $1,016 per ounce;
  • Substantial favourable renegotiation of royalty arrangements for the Henty Gold Mine Project; and
  • Exploration drilling under the Farm-In Agreement with PYBAR continuing.
• Dargues :
  • Board decision not to proceed with cyanide processing on-site; and
  • A number of credible options for off-site processing are being advanced, and an announcement is expected in the December 2015 quarter.
• Bendigo :
  • Agreement with GBM Gold Limited for the sale to GBM of Unity’s processing plant, tenements and licences and all other assets at the Bendigo site, for total consideration of $5.73 million. Transaction is expected to complete in November / December 2015.