1

Generate New Discoveries

• Complete reconnaissance exploration and identify tier-1 scale greenfield targets across the West Yilgarn Ni-Cu-PGE Province
• Drill test new tier-1 scale targets, maximising our unique competitive advantage

2

Define New Resources

• Scope the overall scale of the Julimar mineral system using the latest technology
• Define sufficient Measured or Indicated resources for all potential Gonneville development scenarios
• Characterise all mineralogies identified at Julimar to de-risk future processing

3

De-risk Development

• Complete the Scoping Study for a Gonneville starter mine
• Investigate alternative processing flowsheets for Gonneville mineralisation and determine piloting strategy
• Commence Pre-Feasibility Study on Gonneville development cases which balance value, risk and optionality
• Commence regulatory approvals process for a Gonneville starter mine

4

Develop our Business and Market

• Assess new electrification and hydrogen technologies which utilise palladium or platinum
• Divest non-core opportunities to retain focus
• Evaluate synergistic projects within the West Yilgarn Province

5

Fund the Strategy

• Maintain financial strength and maximise financing optionality
• Investigate value-add and capability-add strategic partnership(s) which support project financing

6

Focus on People and Stakeholders

• Progress our three year sustainability roadmap to achieve best-in-class sustainability performance
• Develop social value framework and community partnership fund for the Julimar Project
• Attract and retain world class mine-finding and mine-defining capability
• Continue to nurture our culture of ownership, sustainable success and ideation