Announcement

Quarterly Activities Report to 30 June 2021 & Appendix 5B

29 July 2021

Quarterly Activities Report to 30 June 2021

• Deal completion of the sale of the Gubong and Kochang Joint Venture interests for US$10 million with the issuance of     200m BMV shares, or equivalent in cash at US$0.5 per BMV share, with a current ‘mark-to-market’ value of A$13.7   million  (see page 14 for details). The company also has approximately A$8 million cash.

• Strong focus on field work in South Korea to build up future drill targets with exploration activities across 5 different     project areas:

Deokon Project: Gold-in-soil anomalies associated with multiple mapped structures with coincident high-grade Au and Ag in outcrop was identified. Drill testing commenced to test this initially at the Nettle zone, with two holes for 251.2m completed and a third planned. Assays pending.

Geum Mar Project: Assays received for the initial scout diamond hole targeting beneath the Golden Horse quarry. Peak result was 0.12m @ 58.1g/t Ag. Extensive soil sampling program completed as well as reconnaissance rock sampling.

Daeam Project: Extensive soil sampling program completed as well as reconnaissance rock sampling with a peak assay of 3.56g/t Au.

• Dokcheon Project: Reconnaissance rock sampling completed with a peak assay of 42.7g/t Ag.

Yeongdong District: Extensive reconnaissance rock sampling completed with a peak assay of 2.36g/t Au and 8.9g/t Ag with work ongoing.

To download the full report please open the pdf below:

Quarterly Activities Report Q4_app 5b to JUN2021