Announcement PDF ACN 612 008 358 CONSOLIDATED FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2022 TEMPEST MINERALS LIMITED ACN 612 008 358 Phone: +61 8 9200 0435 Fax: +61 8 9380 6761 Address: Level 2, Suite 9 389 Oxford Street, Mount Hawthorn WA 6016 TEMPEST MINERALS LIMITED - ACN 612 008 358 ANNUAL REPORT 2022 Contents Cautionary Statements 2 Corporate Information 3 Letter from the Chairman 4 Review of Operations 5 Directors’ Report 22 Auditor’s Independence Declaration 34 Consolidated Statement of Profit or Loss and Other Comprehensive Income for the Year Ended 30 June 2022 35 Consolidated Statement of Financial Position as at 30 June 2022 36 Consolidated Statement of Changes In Equity for the Year Ended 30 June 2022 37 Consolidated Statement of Cash Flows for the Year Ended 30 June 2022 38 Notes to the Consolidated Financial Statements for the Year Ended 30 June 2022 39 Directors’ Declaration 63 Independent Auditor’s Report 64 Shareholder Information 68 Interests in Tenements 73 Page 1 TEMPEST MINERALS LIMITED - ACN 612 008 358 ANNUAL REPORT 2022 Cautionary Statements Forward-looking statements This document may contain certain forward-looking statements. Such statements are only predictions, based on certain assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond the company’s control. Actual events or results may differ materially from the events or results expected or implied in any forward-looking statement. The inclusion of such statements should not be regarded as a representation, warranty or prediction with respect to the accuracy of the underlying assumptions or that any forward-looking statements will be or are likely to be fulfilled. Tempest Minerals Ltd undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this document (subject to securities exchange disclosure requirements). The information in this document does not take into account the objectives, financial situation or particular needs of any person or organisation. Nothing contained in this document constitutes investment, legal, tax or other advice. Competent Person Statement The information in this report that relates to Exploration Results is based on, and fairly represents information compiled by Mr Don Smith, a Competent Person who is a member of AusIMM and the Australian Institute of Geoscientists (AIG). Mr Smith is the Managing Director of the Company and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resource and Ore Reserves”. Mr Smith consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. Information relating to Previous Disclosure This report contains information extracted from previous ASX market announcements reported in accordance with the 2012 JORC Code and is available for viewing at www.tempestminerals.com. The Company confirms that it is not aware of any new information or data that materially affects the information included in these earlier market announcements. The Company confirms that the form and context in which the competent persons findings have not been materially modified from these earlier market announcements. Page 2 TEMPEST MINERALS LIMITED - ACN 612 008 358 Corporate Information Directors and Company Secretary Brian Moller (Non-Executive Chairman) Don Smith (Managing Director) Andrew Haythorpe (Non-Executive Director) Owen Burchell (Non-Executive Director) Paul Jurman (Company Secretary) Head Office and Registered Office Tempest Minerals Ltd Level 2, Suite 9 389 Oxford Street Mt Hawthorn, WA 6016 Tel: +61 8 9200 0435 www.tempestminerals.com Auditors HLB Mann Judd (WA Partnership) Level 4, 130 Stirling Street Perth WA 6000 Share Registry Automic Pty Ltd Level 5, 126 Phillip Street Sydney NSW 2000 Tel: 1300 288 664 www.automicgroup.com.au Stock Exchange Listing Australian Securities Exchange Ltd ASX Code: TEM, TEMO, TEMOA Australian Company Number 612 008 358 Solicitor HopgoodGanim Lawyers Level 8, Waterfront Place 1 Eagle Street Brisbane QLD 4000 Tel: +61 7 3024 0000 Fax: +61 7 3024 0300 www.hopgoodganim.com.au Page 3 ANNUAL REPORT 2022 TEMPEST MINERALS LTD - ACN 612 008 358 ANNUAL REPORT 2022 Letter from the Chairman Dear Shareholder On behalf of the Board of Directors of Tempest Minerals Ltd (Tempest or the Company), I take pleasure in presenting the Annual Report for 2022. Tempest has had a busy year, raising further funds, advancing work on its key projects and exploring other opportunities to deliver value to shareholders. At its Meleya Project an initial drilling campaign was completed with a significant discovery in the first hole with multiple zones of copper mineralisation. Further substantial mineralisation was intercepted in the second hole drilled at Meleya and further work is planned. Tempest also secured further ground, doubling its granted tenure and securing a dominant landholding within a new mineral province. At its Euro Project a drilling program was completed with sulphides intercepted in multiple holes and Tempest believes that the Mineralisation corridor extends over 1km. Lithium potential has also been identified. Ongoing fieldwork at the Euro Project continues to uncover geology prospective for both gold, base metals and iron ore in an environment known for world class deposits including 4 major mining projects within 5km. Work at Euro has identified the presence of iron rich geology mapped during reconnaissance field work with an additional 45 outcrops of similar iron rich geology in the south and central parts of the Euro Project which has extended the overall potential strike length to over 1 km. At Mt Magnet, target zones at Range to be drill tested across the next 18 months. New geological models for the region include Intrusion Related Gold which further increases the prospectivity of the area. In April 2022, Tempest was pleased to announce it had completed a significant capital raising of $8.44 million (before costs) to support the acceleration of exploration at the Yalgoo and Mount Magnet project areas in Western Australia. Tempest also has entered into agreement with Karara Mining Limited which provides Tempest with access to 138km2 of underexplored Yalgoo Greenstone Belt and an exclusive right to earn up to 70% of the project area over 4 years. Tempest also secured agreement with Lole Mining Ltd which gives Tempest various rights in respect of the world class portfolio of assets including the high grade Tolukuma Mine (+1MOz gold historic production) and Mt Penck Project (Historical Exploration Targets) in Papua New Guinea (PNG). In addition to committing to invest $1 m towards the progression of the PNG projects, Tempest is able to continue due diligence and has a right to acquire Lole Mining for an equity transaction valued at $25.69M if Lole has not completed an IPO by 31 December 2022. I would like to extend my thanks to the Company’s Managing Director Mr Don Smith, my fellow Directors and the management team for their ongoing efforts in advancing the Company’s projects and look forward to being able to update all shareholders with the progress on exploration of our projects over the course of the coming year. During the period, the Company advised with deep sadness and sincere condolences the sudden death of Non-Executive Director Vincent Mascolo. Vincent was one of the founders of Tempest and provided continual guidance to the Tempest Board of Directors. With his contributions to both Tempest and other listed companies, he was a highly regarded and well-respected member of the mining and exploration sector. He will be sorely missed by many people. On behalf of the Board, I thank you for your continued support and look forward to bringing you further news as our exploration efforts continue. Yours faithfully Brian Moller Chairman Page 4 TEMPEST MINERALS LTD - ACN 612 008 358 ANNUAL REPORT 2022 Review of Operations Tempest Minerals Limited (TEM or Tempest) continued its exciting rise as an exploration and development company within the global mineral industry with an active 2021/2022 financial year and a number of ‘firsts’. The first drillholes ever drilled at the flagship Meleya Project resulted in the discovery of mineralisation at the Orion Target. The Company’s first drilling at Euro Project also extended known mineralisation at the Calais Target whilst highlighting multi-element potential and delineating a greater than 1km corridor for future exploration. Tempest also signed a non-binding MOU with Karara Mining Ltd with the view to entering into a joint venture on ground adjoining the Euro Project. The first ever exploration at the Rocky Hill Project uncovered highly anomalous Lithium and pathfinder elements in surface sampling and resulted in an expansion of the project tenure. Highlights ● ● ● Maiden drillhole at the Meleya Project co-funded by the WA state government EIS program intersected copper and other base metal mineralisation Multiple polymetallic intercepts at the Company’s first drilling program at the Euro Project in addition to the identification of lithium potential Highly anomalous lithium and pathfinder elements in surface sampling at the Rocky Hill Project Figure 1: TEM Project Locations Page 5 TEMPEST MINERALS LTD - ACN 612 008 358 ANNUAL REPORT 2022 Review of Operations Yalgoo Tempest enjoys a dominant position with one of the largest granted holdings in the Yalgoo region of Western Australia. This contains a near contiguous 100 kilometres strike length of the Yalgoo mineral field. This is separated into 4 geological segments with each having a slightly different geology and exploration focus. These are known as the Messenger, War West, Meleya and Euro Projects respectively. Orion Master Figure 2: Yalgoo Projects within regional context Page 6 TEMPEST MINERALS LTD - ACN 612 008 358 ANNUAL REPORT 2022 Review of Operations Meleya Project Background The Meleya Project is part of Tempest Minerals’ flagship Yalgoo Portfolio with a combined tenure of 4 exploration leases extending over more than 600km2. Tempest has for some time considered the target zones at Meleya to represent one of the most exciting greenfields base and precious metal upside exploration opportunities in the industry today. In 2019, the TEM technical team noted discordant geophysical signatures which did not correlate with existing geological maps of the region. In 2020/21, interpretations, based on extensive fieldwork, resulted in the identification of more than 50 km of strike length of a previously unrecognised and unexplored segment of the Yalgoo Greenstone Belt which currently hosts a number of world class mines. In March 2022, TEM commenced state government co-funded (EIS) drilling of the first 2 drill holes for the purpose of establishing stratigraphic controls over the new geological province. Both drill holes, totaling 1,730.5m in the Orion Target, encountered multiple zones of visual mineralisation. Significantly, this program revealed the presence of multiple mineralisation styles across multiple geologic settings, presently considered to be consistent with volcanogenic massive sulphide (VMS) and intrusion-related mineral systems. Figure 3: Meleya Project Location Lightning Orion Master Figure 4: Evolution of the Meleya Project (Legacy map, outcrop, 2021 interpreted geology and targets) Activities EIS approval Tempest was successful in its application in round 24 of the Western Australian Government’s Exploration Incentive Scheme. The highly competitive Exploration Incentive Scheme (EIS) provides funding for research-based geoscience (including drilling) with aims to stimulate increased private sector resource exploration. This grant allows up to $150,000 towards co-funded drilling at the Meleya Project. Orion Drilling In February 2022, Tempest commenced an EIS co-funded drilling program at Meleya Project designed to test a correlative geochemical and magnetic anomaly known as the Orion Target. The Orion target drilling program - which consisted of 2 x deep diamond drill holes for a total of 1,730.5m. The purpose was to drill a coherent cross section of the so called Eastern Yalgoo Greenstone belt to develop a stronger understanding of the stratigraphy to assist future exploration in the new mineral province. Page 7 TEMPEST MINERALS LTD - ACN 612 008 358 ANNUAL REPORT 2022 Review of Operations Figure 5: Plan View of the Orion target holes WARDH72 / 73 with magnetics (TMI-sun45) WARDH72 was drilled to a final depth of 709.1 metres and intersected multiple zones of mineralisation including. ● ~8 metres of interbedded magnetite/base metal mineralised geological strata from 18 metres ● ~10 metres of mineralisation within a 20 metres disseminated sulphide zone from 422 metres; and ● ~18 metres disseminated within a broader ~100 metre disseminated sulphide and strongly potassic altered intrusive zone from 500m WARDH73 was drilled to a depth of 1021.4 metres and had intersected further significant mineralisation including: ● ~400m of disseminated mineralisation from surface ● 3 zones of mineralisation from 466m ● 12m of mineralisation from 587m ● 16m of disseminated sulphides from 804m. ● Broad zones of disseminated mineralisation and strongly potassic altered intrusive zone from 911 metres to end of hole. Subsequent to the end of the reporting period TEM announced the presence of highly elevated metals including copper and zinc which correlated with visual logs of mineralisation noted in the above drilling. TEM also announced the completion of downhole geophysics on WARDH72/73. Page 8 TEMPEST MINERALS LTD - ACN 612 008 358 ANNUAL REPORT 2022 Review of Operations Estimated total sulphides Lithology Intermediate intrusion Greenstones WARDH72 Porphyry dykes WARDH73 Figure 6: Cross-section along WARDH072 and WARDH073 highlighting geology (hole trace) against sulphide mineralisation intensity (cylinders) Euro Project Background The Euro Project covers more than 176km2 of 100% Tempest owned tenements in the Yalgoo region of Western Australia. Parts of the project were explored in the 1990’s and early 2000’s for gold and iron ore but due to poor economic conditions at the time of previous exploration, the prospects had not been rigorously analysed. The Euro Project is located at the confluence of 4 current major operations: Karara (Iron), Shine (Iron), Mt Mulgine (Gold/Tungsten) and Rothsay (Gold/Copper) and share the same geology. Yet despite this, much of the project remains largely unexplored and highly prospective for a number of commodities. Drilling in the North of the project area encountered significant gold mineralisation. TEM conducted large amounts of field work in preparation for drilling in the same general area. In late 2021/early 2022 drilled several targets and encountered extensive mineralisation which has extended the project size and prospectivity. Figure 4: Euro Project Location Page 9 TEMPEST MINERALS LTD - ACN 612 008 358 ANNUAL REPORT 2022 Review of Operations Activities Fieldwork Frequent fieldwork was undertaken at the Euro Project including sampling and mapping. Ongoing geological mapping and modelling has shown that the key stratigraphy at the Calais target has been disrupted by several generations of deformation as evidenced by macro scale folding seen in geophysics and aerial imagery. The major folding system appears northwest–southeast with remnants of a later phase of refolding striking north–south and east–west. Multiple generations of shearing are also present, including offsets of fold axial planes. At least two of the shearing events appear relevant to the presence of gold mineralisation at the nearby Rothsay Mine as well as the Euro Project. Mapping at the Euro project identified multiple outcrops of iron rich formations which are prospective for iron ore and gold. The iron potential is highlighted by the close proximity of multiple world class iron ore mines. The iron rich formations are also known to host gold deposits throughout the region. This work has also shown that the structural zone which may have not been apparent in previous interpretations due to 3 dimensional errors, appears to host much of the mineralisation in historic drilling sits within a more than 1-kilometre-long corridor. Figure 8: Outcropping iron formations at the Euro Project As part of ongoing data analysis, TEM recognised the presence of lithium bearing pegmatites noted in historic geological work at Euro. These pegmatite dykes appear to be younger (cross cutting existing geology being studied) and TEM are currently evaluating methods to explore further including correlating existing data and looking for additional targets through geochemistry and remote sensing. Page 10 TEMPEST MINERALS LTD - ACN 612 008 358 ANNUAL REPORT 2022 Review of Operations Figure 9: Pegmatite outcrops at the Euro Project after Price et al 2020 Calais Drilling TEM completed an initial diamond drilling program in early 2022 which tested several new targets, in addition to testing the historic thick, high grade intercepts previously drilled at the Calais target. Approximately 890m of drilling at the project encountered broad zones of strong alteration (chlorite, biotite, albite and garnet with visible mineralisation of quartz breccias) consistent with historic gold results in addition to zones which included sulphides as part of skarn or vms like alteration. Assays from the reconnaissance program displayed the presence of widespread polymetallic mineralisation including peak values included: • • • • Gold - 4.1 gpt gold (2.9m from 130m downhole WARDH71) Iron - 38% Fe (1.2m from 4m downhole WARDH67) Copper - 0.15% copper (2.5m from 163m dowhole WARDH71) Zinc - 0.14% zinc (3.3m from 68.7m downhole WARDH66) 5 cm Figure 10: Pyrrhotite and chalcopyrite vein WARDH0068 (164.10m) Page 11 TEMPEST MINERALS LTD - ACN 612 008 358 ANNUAL REPORT 2022 Review of Operations 400m Figure 11: Geological mapping of the drilling area Page 12 TEMPEST MINERALS LTD - ACN 612 008 358 ANNUAL REPORT 2022 Review of Operations WARDH69 WARDH68 WARDH70 Euro Project Legacy Drillhole Planned Drilling Complete Drilling C Mineralised Corridor Project Outline B N WARDH71 A WARDH65 WARDH66 WARDH67 Figure 12: Drillholes completed at the Euro Project 2022 with magnetic (TMI) imagery Karara JV In June 2022, TEM signed a non-binding memorandum of understanding to enter into a joint venture (JV) with Karara Mining Limited. Upon completion of the agreement, the JV will allow TEM to explore 138km2 of highly prospective and underexplored Yalgoo Greenstone Belt directly adjacent and potentially geologically related to the mineralisation present at the Euro Project. Under the staged agreement TEM will have the exclusive right to earn up to a 70% legal and beneficial interest in the Assets over a 4 year earn-in period and will entail exploration expenditure of up to $1.2M and milestone payments totalling $50,000. The deal is subject to normal due diligence and other conditions being met. Page 13 TEMPEST MINERALS LTD - ACN 612 008 358 ANNUAL REPORT 2022 Review of Operations Figure 13: Map showing proposed KML JV ground and TEM Euro Project War West Project Background The War West Project is interpreted by Tempest to host a significant Intrusive Related Gold System (IRGS) of which more recent high-profile projects such as De Grey Mining Ltd’s (ASX: DEG) Hemi Deposit have spotlighted the potential for this lesser known mineralisation style in Western Australia. The Warriedar West Project is ~123km2 of granted tenure with multiple known gold occurrences and sits within 20km of two underutilised milling and processing facilities. The War West Project is exemplified by a large 15km x 3km highly altered zone of intrusive monzonite that displays large scale multiple indicator geochemical anomalies and high-grade vein swarms. The project continues to host high grade rock chips, frequent visible gold and significant alluvial and artisanal hard rock gold mining within the project bounds. Page 14 TEMPEST MINERALS LTD - ACN 612 008 358 ANNUAL REPORT 2022 Review of Operations Figure 14: War West schematic geological overview with 2020 drill targets Activities The discovery of substantial mineralisation at the Meleya Project has resulted in a reassessment of the War West Project which possesses the same diffuse geophysical signature visible in the stratigraphy drilled in WARDH73 at the Orion Target. Tempest continued with data review and further field work with the view towards drill targeting at the War West Project. Messenger Project Background The Messenger Project is the northern most segment of the TEM Yalgoo holdings. The project comprises 6 granted and 1 pending tenement totalling ~190km2. The project is area is located nearby a number of existing and historic mines including the world class 29M Golden Grove base and precious metal mine. The project itself and neighbouring prospecting leases have all been subject to artisanal mining since at least the late 1890’s when gold was first discovered, and the project hosted a state processing facility which processed ore at an estimated grade of between 2 and 10 ounces per ton. The Messenger Project has outcrops of key geology known to host the above mining centres as well as large outcrops of underexplored mafics, ultramafics and greenstone and associated quartz lodes. Page 15 TEMPEST MINERALS LTD - ACN 612 008 358 ANNUAL REPORT 2022 Review of Operations Gnows Nest (Au) Messengers Patch (Au) Golden Grove (Cu/Zn/Pb/Au/ Ag) 10km Golden Dragon (Au) Figure 15: Overview of Messenger Project tenements Activities Activities during the 2021/2022 financial year included fieldwork and mapping, review of previous drilling with respect to new geological knowledge. TEM also commenced an update of the companies new geological model which has resulted from the drilling at the Orion target. Page 16 TEMPEST MINERALS LTD - ACN 612 008 358 ANNUAL REPORT 2022 Review of Operations Mt Magnet One of the most prolific gold production regions in Australia with numerous high profile ASX companies’ operations within 100km of the township of Mt Magnet. Tempest maintains a strategic holding in the region through its 100% owned Range Project. Figure 16: Stylised Mt Magnet regional geology map Range Project Background The Range Project consists of 17 tenements for 20km 2 located in Mount Magnet, 5km along strike from the prolific +6Moz Mount Magnet Operations. The project hosts a number of artisanal mining shafts and surface workings with known gold mineralisation within an over geological, geophysical and geochemical target envelope. Activities Work completed during the reporting period included compilation of regional data to complement previous targeting work. A study of critical mineral potential has also commenced in response to new geological potential highlighted in the region. Page 17 TEMPEST MINERALS LTD - ACN 612 008 358 Review of Operations Figure 17: Range Project tenure (blue) with regional neighbours Page 18 ANNUAL REPORT 2022 TEMPEST MINERALS LTD - ACN 612 008 358 ANNUAL REPORT 2022 Review of Operations Lithium (Australia) Rocky Hill Background The Rocky Hill Project is 100% TEM owned tenure (29km 2 granted tenure, 250km2 pending) located approximately 100km from Perth within the exciting new exploration front known as the South West Terrane and includes neighbours like Newmont Corporation. The project is primarily a lithium exploration target however and there is potential for other minerals including gold, magnesium and high purity alumina (HPA). Activities TEM completed reconnaissance field mapping and surface sampling at the Rocky Hill Project with more than 60 surface samples taken across the project. This preliminary work yielded multiple exciting anomalous geochemical zones of Lithium in soil up to 60.3 ppm and strong Lithium–caesium–tantalum (‘LCT’) and pathfinder elements anomalies. With the new geochemical results in mind, Tempest has applied for a substantial spatial expansion of the project tenure of the project which substantially expands the footprint and takes in potential new target zones is in progress. Figure 18: Rocky Hill Project Location Legend TEM tenure TEM pending < 20 ppm 20 - 30 ppm 30 - 40 ppm 40 - 50 ppm >50 ppm Figure 19: LCT SnWNb assay data plotted upon total magnetic intensity Page 19 2km TEMPEST MINERALS LTD - ACN 612 008 358 ANNUAL REPORT 2022 Review of Operations Figure 20: Rocky Hill tenements Yilgarn Lithium Projects (YLP) Background The YLP is part of a project pipeline suite, known collectively as the Yilgarn Lithium Projects (YLP). The YLP consists of 2 pending tenements (2 pending) for a total of approximately 65 km 2 in the Yilgarn craton of Western Australia. Tempest analysis has confirmed the Company view that these are highly prospective for Lithium and other commodities. Activities Work conducted during the reporting period include progression of tenement approvals, technical review and data analysis. Figure 21: YLP tenement locations Page 20 TEMPEST MINERALS LTD - ACN 612 008 358 ANNUAL REPORT 2022 Review of Operations Lithium (International Exposure) Tempest maintains a strong de-risked position in the global lithium market through corporate interests in international projects (hard rock lithium exploration targets in Africa and lithium brine in the USA). African Lithium TEM previously entered into a sale agreement with African focussed multi-commodity explorer Premier African Minerals Limited (AIM listed under the ticker PREM to purchase the African projects for consideration of AUD$150,000 in Premier shares. Tempest retains exposure to the projects and Premier through its current equity holding of 65,000,000 shares. USA Lithium The Company sold its 80% interest in the Tonopah Lithium Project in Nevada, United States of America, to ASX listed Argosy Minerals Ltd (ASX:AGY). Tempest retains exposure to the project through an agreed milestone payment of $250,000 payable upon Argosy announcing a JORC compliant reserve at the project of at least one million tonnes of lithium carbonate equivalent product or the commencement of commercial production of lithium product at the Tonopah Lithium Project. Strategy Tempest’s strategy is to maximise shareholder value and benefit all through the discovery and development of high potential precious, base and energy metals. We will achieve this by being industry leaders through excellence in sustainable business, innovation and science. Growth As part of the Company’s obligation to increase shareholder value, Tempest frequently reviews organic and acquisition-based growth opportunities which fit the company’s corporate and technical criteria. Likely Developments The Company will continue its mineral exploration activities with the objective of finding mineralised resources. The Company will also consider the acquisition of further prospective exploration interests and where appropriate secure joint venture partners to assist in financing exploration activities. Page 21 TEMPEST MINERALS LTD- ACN 612 008 358 ANNUAL REPORT 2022 Directors’ Report The directors submit their report on the consolidated entity (“Group”) consisting of Tempest Minerals Limited and the entities it controlled at the end of, and during, the financial year ended 30 June 2022. Directors The following persons were directors of Tempest Minerals Ltd during the financial year and up to the date of this report, unless otherwise stated: Brian Moller Don Smith Andrew Haythorpe Owen Burchell Vincent Mascolo (ceased 10 March 2022) Information on Directors The board has a strong combination of technical, managerial and capital markets experience. Expertise and experience include operating and mineral exploration. The names and qualifications of the current directors are summarised as follows: Brian Moller – Non-Executive Chairman Brian specialises in capital markets, mergers and acquisitions and corporate restructuring, and has acted in numerous transactions and capital raisings in the industrial, resources and energy sectors. He has been a partner at the legal firm, HopgoodGanim for 30 years and leads the Corporate Advisory and Governance practice. Mr Moller acts for many publicly listed companies in Australia and regularly advises boards of directors on corporate governance and related issues. Brian is a solicitor of the Supreme Court of Queensland and Solicitor and Barrister of the Supreme Court of Western Australia. During the past three years, Mr Moller has also served as a director of the following listed companies: ▪ DGR Global Ltd* (since 2 October 2002) ▪ Aus Tin Mining Limited* (since 1 December 2006) ▪ Newpeak Metals Limited* (since 22 January 2003) ▪ Platina Resources Ltd* (since 30 January 2007) ▪ Solgold PLC*^ (since 28 February 2013 to 15 December 2021) *denotes current directorship ^denotes listed on the Toronto Stock Exchange and the London Stock Exchange Brian is a member of the Audit & Risk Management Committee. Don Smith – Managing Director Don is a geologist and entrepreneur with over 20 years in the mining industry. He has worked in operational, development, exploration and consultant roles for junior through to multinational firms spanning over 10 countries and numerous commodities including base metals, precious metals and energy minerals. Don has a Bachelor of Science from Newcastle University and a Master of Business Administration from the Australian Institute of Business. Don is also a membe