Quarterly Report 31 March 2019

QUARTER HIGHLIGHTS o Sampling results from Mystery Vein show extension of high-grade gold and silver mineralisation following initial refurbishment and sampling o Auxiliary fan commissioned and loading at Dubbo Zone underway o Development of the Keillors 8A return airway commences o Blasting Extraction and stockpiling continues underground o Access to Dubbo Zone advances substantially The beginning of the 2019 calendar saw another busy quarter at the Talisman mine with great strides being taken to secure access to the BM37 Rise in the Dubbo Zone area. Following completion of refurbishments and testing of the face at Mystery the focus this quarter has been on gaining access to Dubbo and finalising resource consent for pilot plant operations. While the Dubbo area has been slower to progress than expected the material removed to date shows significant promise as set out in this report. Over the next quarter the company will focus on progressing further into Mystery vein extension, moving ore to the pilot plant for processing and making safe the Dubbo area in order to commerce sampling of the vein faces. End CA:00333841 For:NTL Type:GENERAL Time:2019-04-30 12:33:41