Quarterly Activities Report to 31 December 2021

Project Generation (SAU 100%): Systematic baseline geological, geophysical andgeochemical database compilation process progressed to help streamline the criticalFebruary to June Project Generation work.
Newly appointed exploration manager, Mr Robert Smillie, is on the ground in SouthKorea.
Second tranche of 150m BMV shares received for the sale of the Gubong and KochangJoint Venture (SAU now holds 200m BMV shares or 32.1% of BMV’s issued capital).
Total cash of A$6.1 million, and listed securities with a mark to market value of A$6.8million.

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