REDIVIUM LIMITED — Capital/Financing Update 2012

Oct 8, 2012

Share Purchase Plan

O C TO B E R 2 0 1 2

Disclaimer

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This Document and the information contained herein and any presentation (collectively referred to as “ Information ”) is proprietary to Hannans Reward Limited (“ the Company ”, “ Hannans Reward ” or “ Hannans ”).

This Document is intended to provide general background on the Company. It is not a disclosure document and is not intended as an offer, invitation, solicitation or recommendation with respect to any potential transaction.

Securities of micro cap exploration companies, typically involve a high degree of risk and as such, any investment in the Company must be considered as purely speculative. The Information in this presentation does not purport to cover all relevant information about any potential investment in the Company. Accordingly potential investors are advised to seek appropriate independent advice, if necessary, to determine the suitability of this investment. You should not solely act in reliance on the material in this presentation. This presentation does not purport to be all inclusive or to contain all information which its recipients require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy or completeness of the information, statements, and opinions contained in this presentation before deciding whether to make an investment into Hannans.

The Document contains reference to certain intentions, expectations and plans of the Company. Those intentions, expectations and plans may or may not be achieved. They are based on certain assumptions which may not be met or on which views may differ. The performance and operations of the Company may be influenced by a number of factors, many of which are outside the control of the Company. No representation or warranty, express or implied, is made by the Company or any of their respective directors, employees, agents, advisers and consultants that any intentions, expectations or plans will be achieved either totally or partially or within a prescribed timeframe or that any particular rate of return will be achieved.

The Information disclosed relates to the proposed business of the Company at the date of this Document. Material information may have changed since the date the Document was compiled. No responsibility is accepted to advise any person of any change or update any of the Information.

Neither the provision of this Document nor any information contained in this Document or subsequently communicated to any person in connection with this Document is, or should be taken as, constituting the giving of investment advice to any person. By accepting this Document you acknowledge and agree to be bound by each of the foregoing statements.

The currency used throughout the presentation is Australian Dollars unless otherwise stated.

Share Purchase Plan - Key Information

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Invitation to participate in Share Purchase Plan Share Purchase Plan represents an opportunity to subscribe for additional shares in the Company (Plan) at a 15% discount.

Share Purchase Plan The Plan seeks to raise c.$1.5 million.

What is the maximum you can invest?

Under the Plan, Eligible Shareholders may acquire a maximum of up to $15,000 worth of Shares.

What is the minimum you can invest?

Under the Plan, the minimum amount Eligible Shareholders can invest is $1,000 (and then either $2,500, $5,000, $10,000 or $15,000 worth of shares).

How to transfer funds to pay for Shares

Eligible Shareholders can participate in the Plan by remitting the funds using BPAY or complete the Share Purchase Plan Application Form (mailed to all Shareholders on Monday, 8 October 2012) and remit the funds via cheque, money order or bank draft to Computershare Investor Services Pty Limited.

What is the Closing Date On or before 5:00pm (WST) on Friday, 26 October 2012.

Visit Hannans website for more information http://www.hannansreward.com

Hannans Key Milestones

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2012 – Quarter 4

Kiruna Iron Project

• Complete a scoping study for the Rakkurijoki deposit utilising an independent mining consultancy firm.

Corporate

• Complete the Share Purchase Plan.

• Complete the Nickel Divestment process.

• 2013 – Quarter 1 & 2

• Release the results from the Rakkurijoki scoping study completed in 2012.

• Continue indicated resource drilling at the Kiruna Iron Project

• Continue exploration for high-grade copper, and gold in Sweden, Norway, and Australia.

Board of Directors

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Richard Scallan Chairman

• Director of Hannans Reward Ltd (2004).

• Mining Engineer with 54 years experience in underground and open cut mining.

• Previously employed by the Anglo American Corporation of South Africa Limited for 26 years and joined Renison Goldfields Limited in 1981 where he was employed for 21 years.

Jonathan Murray Non-Executive Director

• Director of Hannans Reward Ltd (2010).

• Principal legal practice areas include equity capital markets, takeovers, project acquisitions and divestments, corporate governance, commercial law and strategy.

Damian Hicks Managing Director

• Founding director of Hannans Reward Ltd (2002).

• Founding director Scandinavian Resources Ltd (2008) & Kiruna Iron AB.

• Admitted Barrister & Solicitor in Western Australia; Bachelor of Commerce (Accounting & Finance).

Olof Forslund

Non-Executive Director

• Director of Hannans Reward Ltd (2012).

• Founding director Scandinavian Resources Ltd (2008) & Kiruna Iron AB.

• Geophysicist with extensive international experience in the mineral exploration industry.

• Previously Regional Manager of SGU Mineral Resources Information Office.

Markus Bachmann

Non-Executive Director

• Director of Hannans Reward Ltd (2012).

• Founding director of Kiruna Iron AB.

• Corporate finance professional and founding partner of Craton Capital.

• Craton Capital awarded Fund Manager of the Year at the Mining Journal’s “Outstanding Achievement Awards” during December 2010.

William Hicks Non-Executive Director

• Founding director of Hannans Reward Ltd (2002).

• Director and secretary of Spargo’s Reward Gold Mines NL and was instrumental in the listing on the ASX of both Central Kalgoorlie Gold Mines NL and Maritana Gold NL.

Organisational Structure

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Hannans owns JORC compliant iron, copper-gold resources in Sweden and an extensive precious and base metals portfolio in Sweden, Norway and Australia.

HANNANS (ASX:HNR)

SWEDEN NORWAY AUSTRALIA Iron[1] Copper-Gold[2] Nickel[3] Copper-Gold[2] Rare Earths Gold Poly-Metallic

For the latest information on Hannans:

1. Iron projects refer to “Hannans Kiruna Iron Project Presentation” lodged on ASX, 3 October 2012;

2. Copper-Gold projects refer to “Scandinavian Copper-Gold Portfolio” lodged on ASX, 10 July 2012; and

3. Nickel Divestment information refer to “Divestment of Nickel Sulphide Assets Announcement” lodged on ASX, 25 September 2012. Visit Hannans website for more information http://www.hannansreward.com

Mining in Sweden & Norway - Advantages

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• 1,000 year mining history:

• Sweden is largest producer of iron ore in the EU; and

• Sweden is leading producer of base metals (copper, zinc, lead) and precious metals (gold and silver).

• World-class database available in Sweden.

• Excellent exploration potential.

• Under-explored by modern standards.

• Favourable minerals legislation.

• Mining know-how and highly trained personnel.

• Political and economic stability.

• Excellent infrastructure.

Sweden & Norway – Major Mining Centre

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Key mines throughout Sweden and Norway .

Key Iron projects in Sweden and Norway.

Vision for the Kiruna Iron Project

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• The Kiruna Iron Project will provide a premium quality iron ore concentrate for the global steel industry.

• A central iron ore processing facility will be fed by a number of satellite iron ore deposits, mined using open pit methods.

• Processed ore will be transported by rail to ports in Sweden and Norway and then onwards to customers in Europe, the Middle East and Far East.

Kiruna Iron Project - Sweden

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• � Low Sovereign Risk

• � Excellent Infrastructure

• � High Quality Product

• � Growing Resource Profile

• � Scalable Production

Kiruna Iron Project - Sweden

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• Aggregation strategy through acquisition, joint venture and applications.

• Completed Tasman Metals Ltd JV.

• Acquires 100% of the Rakkuri Project from Anglo American.

• Acquires portfolio of iron permits from Grängesberg Iron AB.

• Environmental and social impact studies commenced.

• Maiden JORC resource of 412mt @39% Fe published.

• SRK Consulting independently values Kiruna Iron Project at US$140M in accordance with 2005 Valmin code.

• Signs co-operation agreement with Boliden to earn 100% interest in Lannavaara.

• Conceptual study into iron slurry pipeline completed.

• Appointed Magnus Arnqvist, Managing Director.

• Updated JORC resource to 473Mt @ 40% Fe.

• Completed 23,400m of drilling at Kiruna Iron project.

• The largest tenure holder in Europe’s #1 iron district.

Kiruna Iron Project – Growth in Resources

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Metallurgical Test Work

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	Head Fe grade in feed % magnetite in feed material % of mass recovered from DTR % of iron from feed material present in conc. after DTR DTR conc Fe grade DTR conc SiO2grade DTR conc Al2O3grade DTR conc P grade DTR conc S grade
	Ekströmsberg (Kiruna South) 52.6 28.2 25.9 44.6 70.8 0.7 0.1 0.04 0.003
	Rakkurijoki (Kiruna Central) 35.9 27.7 45.2 83.8 69.2 1 0.3 0.009 0.365
	Rakkurijärvi (Kiruna Central) 22.3 Insufficient data 25.5 76.1 68.9 2.2 0.4 0.005 0.022
	Puoltsa (Kiruna Central) 49.3 62.4 67.9 96.2 70.3 0.58 0.16 0.0017 0.005
	Sautasvaara (Kiruna North) 47.7 No data 54.5 88.5 71.1 0.5 0.2 0.05 0.3
	Vieto (Kiruna Central) 32.8 47.9 42.2 82.8 70 1.2 0.2 0.01 0.06
	Rakkurijärvi Discovery Zone (Kiruna Central) 46.9 No data 60 89.6 70.8 1 0.2 0.003 0.035
	Laukkujarvi (Kiruna South) 10.3 69.9 65.7 98.4 71 0.6 0.02 0.002 0.001
	Gaddmyr (Kiruna Central) 64.6 No data 17.9 20.4 71.9 0.01 0.07 0.02 0.005

Notes:

1. Where the iron is predominantly present as magnetite, then the mass recovery will follow the % magnetite in the ore.

2. The mass recovery and iron recovery are related by the iron feed grade. i.e. If the iron grade is 10% Fe and this is present as only magnetite (equivalent to14% magnetite in the feed) then a mass recovery of 14%, in a perfect separation, would achieve 100% iron recovery.

3. If the iron grade is made up of 50:50 magnetite : hematite then a mass recovery of 7% would achieve 50% iron recovery. If the mass recovery was 14%, as a result of gangue included with the magnetic concentrate, the iron recovery would still be ~50%, if the gangue material did not contain iron.

Kiruna Iron Project - Competitive Advantages

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• Multiple iron ore deposits (at surface) within close proximity to Kiruna a full service mining town and modern open-access infrastructure (rail and ports).

• Hannans portfolio of open pit mining opportunities sit alongside the deepest, most modern underground iron mine in the world (owned by LKAB).

• Opportunity exists for Hannans to become an independent producer of premium grade pellet feed (concentrate) or provide iron ore to existing mines within the area.

• Low political risk with favourable mining jurisdiction. Hannans main iron deposit is .

• within an Area of National Interest for Mining

• Independent Scoping study will consider initial production of 2Mt of concentrate per annum for the Rakkurijoki project.

• Low metallurgy risk with proven magnetite processing technology in existence. Metallurgy indicates 68% Fe concentrate product.

Rakkurijoki deposit – Ideal Start

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• Environmental impact assessment in progress (including Rakkurijärvi deposit).

• Social impact assessment in progress (including Rakkurijärvi deposit).

• Excellent Location:

• 6km from Kiruna;

• ~1km from the rail;

• 250m from the road; and

• 10 minutes from the office.

• Open pit mining potential.

• Current Inferred resources of 74.5Mt @ 39.7% Fe (down to 350m).

• Mineralisation currently open at a depth of >400m.

• Upgrades to +68% Fe product.

Swedish Portfolio

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Swedish Portfolio
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Priority Project
County Commodity Prospects
Target Generation Target Testing Advanced JORC Resource
Phase [1] Phase [2] Exploration [3]
Norbotten Cu-Au Renhagen
Cu-Au Harrejaure
Cu-Au Altavaara
Cu-Au Maunuvaara
Cu-Au Korpilombolo
Cu-Au Åggojaure
Cu-Au Pahtohavare
Cu-Au Discovery
Cu Tjårrojåkka
Västerbotten Cu Daningen
Poly-Metallic Våtmyrberget
Poly-Metallic Särksjön
Notes:
1. Target generation includes compiling geological, geophysical and geochemical datasets through historical data research and field activities to generate targets to
be tested with diamond drilling.
2. Target testing includes diamond drilling of targets with the aim of intersecting economic grades and widths of mineralisation.
3. Advanced exploration includes follow up drill testing and preliminary metallurgical test work.
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Priority Project – Sweden

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Pahtohavare (located 7km southwest of Kiruna)

Summary

• A foreign historic pre-mining resource of 5.4 Mt @ 2.2% Cu, 1.3 g Au/t with actual production of 1.7 Mt @ 1.9% Cu, 0.9 g/t Au by Outokumpu between 1989-1996.

• The majority of production came from the main Southern orebody with the South-East and Central orebodies only being partially mined; metallurgical problems at the Central orebody, namely the copper was both oxide and carbonate bound and explains the difference between resource and mined figures.

• The main Southern orebody extended down to approximately 200m, had a length of 280m and a thickness of 5-20m, typical grades 1.9% Cu and 0.85 g/t Au.

• The mineralisation is hosted in the Viscaria Formation and is located 10km south of the Viscaria Deposit (current JORC resource of 53.8Mt @ 1% Cu-owned by Avalon Minerals).

• Planned Exploration

• Re-interpretation of historical TEM, magnetic and IP geophysical data sets.

• Digitise historic drill hole data.

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Norwegian Portfolio
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Norwegian Portfolio

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Priority Project
County Commodity Prospects
Target Generation Target Testing Advanced JORC Resource
Phase [1] Phase [2] Exploration [3]
Finnmark Cu-Au Nijvlojávri
Cu Fiskarfjellet
Cu Vaddas
Cu Birtavaare
Au Gjeddevann
REE Nordkapp
Ree Snefjord
Troms Au Sørdalshøgda
Au Holmvasshøgda
Au Hårskoltan
Cu-Au Salen
Cu-Au Straumsfjellet
Cu-Au Kvæfjord
Nordland Poly-Metallic Famnvatnet
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Notes:

1. Target generation includes compiling geological, geophysical and geochemical datasets through historical data research and field activities to generate targets to be tested with diamond drilling.

2. Target testing includes diamond drilling of targets with the aim of intersecting economic grades and widths of mineralisation.

3. Advanced exploration includes follow up drill testing and preliminary metallurgical test work.

Priority Projects – Norway

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Njivlojávri (located 35km northwest of Kautokeino) Summary

• Located 8km northeast of Bidjovagge copper-gold mine (Arctic Gold AB is completing a feasibility study to reopen the mine) and in the Kautokeino Greenstone Belt.

• The Bidjovagge mine was operated over the period 1975-1991 and most recently by Outokumpu; historic production for Bidjovagge is 6,486t of gold and 30,317t of copper. The current JORC resource for remaining and newly discovered ore is 1.83Mt @ 2.45g/t Au and 1.10% Cu.

• Prospective for Bidjovagge-type (shear hosted) copper-gold mineralisation.

• Located ~1km from the major regional fault structure.

• In 2011 a >2km long Cu-Au anomaly was generated through C-horizon soil sampling (50m x 200m spacing).

Priority Projects – Norway

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Njivlojávri (continued) Summary

• The anomaly appears to be bound to a mineralised shear zone and a weaker parallel anomaly located 100m to the east indicates potential for additional mineralised structures:

• Suovrravarri

Float samples returned values of 24% Cu, 1.56g/t Au (KA11032) Suovrrajávri

Float samples returned values of 32.1% Cu, 3.75g/t Au (KA11029) and 7.46% Cu, 5.93g/t Au (KA11030)

Similar to the mineralisation at Suovrravarri to the north and at Njivlojávri to the south

Njivlojávri

Bedrock samples returned values of 7.96% Cu, 1.79 g/t Au (KA11019) and 12% Cu, 1.24g/t Au (KA11020)

Planned Exploration

• Infill C-horizon soil sampling and ground magnetic surveys.

Priority Project – Norway

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Fiskarfjellet (located 20km southwest of Alta) Summary

• Located in the Alta-Kvænangen tectonic window approximately 20km southwest of Alta and the historic copper mine at Kåfjord; a copper vein deposit that saw production of ~62,000t of cobbled ore from 1843-1878

• Prospective for Nussir-type copper mineralisation (sediment-hosted)

• �

• The mineralised horizon at Nussir is ~9km in length, dips between 50-60 has an average width of between 3-4m and an average copper grade of 1.5% Cu. Current resource at Nussir stands at 26.7Mt @ 1.4% Cu.eq (owned by Nussir Mining AS)

• Mapping at Fiskarfjellet has revealed several kilometres of copper-mineralised dolomite across three separate dolomite horizons namely at Fiskarvatnet, Flomvatnet and Kvartpååttevatnet

Priority Project – Norway

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Fiskarfjellet (continued) Summary

• Limited outcrop, mostly locally-sourced boulders

• Fiskarvatnet

Copper mineralisation traced over 6km in strike length through both outcrop and boulder fields

Kvartpååttevatnet

Copper mineralisation traced for more than 3km to date with consistent copper and silver grades of 2.09% Cu, 7.6g/t Ag (AL11058 boulder), 1.61% Cu, 7.4g/t Ag (AL11059 boulder) and 1.47% Cu, 6.0g/t Ag (AL11060 bedrock) The dolomite horizon continues for a further three kilometres south

Planned Exploration

• Mapping of southern horizon and ground based geophysics including magnetics and IP

Nickel Sulphide Projects – Australia

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• Major tenure positions covering prospective geological units.

• World class Forrestania belt, some of the highest grade nickel sulphide mines in Australia; Hannans consolidated a very fragmented tenure position; consolidation activities leave two major tenure holders: Hannans and Western Areas (Forrestania).

• In 2012 Hannans identified a new sequence of nickel sulphide bearing komatiites in previously underexplored geological setting (Lake Johnston).

• Remains as a stand out nickel sulphide occurrence (Queen Victoria Rocks).

• High quality exploration datasets and drill ready targets to be tested.

• Transactions contemplated include joint venture or sale on individual projects or the package.

Nickel Divestment Process – Australia

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• Hannans aims to place its three nickel sulphide projects in the hands of credible, well funded organisation(s) that will complete the next stage of exploration, with the aim of making an economic discovery.

• Hannans aims to remain exposed to the discovery success by retaining a joint venture interest in the project(s) and / or holding equity in the incoming party.

• The divestment process started on 4 October 2012 and is anticipated to be completed midDecember 2012.

• To focus additional resources on developing the Kiruna Iron Project in Sweden and high grade copper-gold projects in Norway and Sweden.

Capital Structure

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Ordinary shares on issue: 479,772,810 Unlisted options on issue: 21.9 million ex @ $0.07 on or before 31 October 2012 3.0 million ex @ $0.13 on or before 1 February 2013 6.0 million ex between $0.08 – 0.80 on or before 30 June 2013 0.3 million ex @ $0.07 on or before 15 September 2013

Top 20:	Rank Name Units % of Issued Capital
	1 Equity & Royalty Investments Ltd 120,000,003 25.01 2 JP Morgan Nominees Australia Limited 51,563,324 10.75 3 Grängesberg Iron AB 24,600,000 5.13 4 HSBC Custody Nominees (Australia) Limited 17,047,550 3.55 5 Rio Tinto Mining and Exploration Limited 11,083,743 2.31 6 National Nominees Limited 10,841,063 2.26 7 Marfield Pty Limited 10,524,543 2.19 8 HSBC Custody Nominees (Australia) Limited - A/C 2 8,453,484 1.76 9 Mossisberg Pty Ltd 7,640,947 1.59 10 Anglo American Exploration BB 7,389,162 1.54 11 Acacia Investments Pty Ltd 6,863,050 1.43 12 BNP Paribas Noms Pty Ltd 6,030,000 1.26 13 Eric Preston Pty Ltd 5,000,000 1.04 14 Aust Global Resources Pty Ltd 3,636,363 0.76 15 Jetosea Pty Ltd 3,515,000 0.73 16 Scandinavian Resources Limited 3,437,307 0.72 17 Upsky Equity Pty Ltd 3,400,000 0.71 18 Braveheart Australia Pty Ltd 3,165,135 0.66 19 Bond Street Custodians Limited 3,000,000 0.63 20 DyspoPtyLtd 3,000,000 0.63
	Totalof Top20Holders ofORDINARYSHARES 310,190,674 64.65

Contacts

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Hannans Reward Ltd holds a portfolio of mineral assets in Sweden, Norway and Australia. Hannans has a dual strategy focused on creating a pathway to production for the Kiruna Iron Project in Sweden, supplemented with precious and base metals exploration in Sweden, Norway and Australia.

Sweden & Norway

• Flagship Kiruna Iron Project is 30km from the 2Bt Kiruna iron mine (owned by LKAB) – the world’s largest and most modern underground iron mine.

• Pipeline of projects covering gold, copper-gold and lead-zinc prospects in Sweden and Norway.

Australia

• Forrestania – nickel & gold project 7km north of Western Area’s Flying Fox nickel mine.

• Lake Johnston – nickel & gold project located 25km south east of Norilsk’s Maggie Hays nickel mine and 100kms west of Norseman, Western Australia.

• Queen Victoria Rocks – nickel and gold project located 30km south-west of Coolgardie, Western Australia.

• Jigalong – base metals project located 150km east of Newman, Western Australia.

Contact details in relation to this presentation:

Damian Hicks Managing Director Hannans Reward Ltd Tel: +61 8 9324 3388 Email: damianh@hannansreward.com

Ben Della-Vedova Business Development Manager Hannans Reward Ltd Tel: +61 8 9324 3388 Email: bendv@hannansreward.com

Competent Persons Statements

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The information in this document that relates to exploration results is based on information compiled by Ms Amanda Scott, Exploration Manager, Hannans Reward Ltd, who is a Member of the Australian Institute of Mining and Metallurgy. Scandinavian Resources is a subsidiary of Hannans Reward Ltd and Ms Scott is a full-time employee of Scandinavian Resources Ltd. Ms Scott has sufficient experience, which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined by the 2004 edition of the “Australian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Ms Scott consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

Competent Persons Statement-Rakkurijärvi, Rakkurijoki, Discovery, Tributary Zone, and Puoltsa Mineral Resources

The mineral resource estimate for Rakkurijärvi, Rakkurijoki, Discovery, Tributary Zone and Puoltsa is effective from 13 January 2012 and has been prepared by Mr Thomas Lindholm, MSc of GeoVista AB, Luleå, Sweden acting as an independent “Competent Person”. Mr Lindholm is a member of the Australasian Institute of Mining and Metallurgy (Member 230476). Mineral resources of the Rakkuri iron deposits have been prepared and categorised for reporting purposes by Mr Lindholm, following the guidelines of the JORC Code. Mr Lindholm is qualified to be a Competent Person as defined by the JORC Code on the basis of training and experience in the exploration, mining and estimation of mineral resources of gold, base metal and iron deposits.

Competent Persons Statement-Ekströmsberg, Tjårrojåkka and Pattok Mineral Resources

The mineral resource estimate for Ekströmsberg, Tjårrojåkka, and Pattok is effective from 22 July 2011 and has been prepared by Dr Christopher Wheatley of Behre Dolbear International Ltd, UK, acting as an independent “Competent Person”. Dr Wheatley is a member of the Institute of Materials Minerals and Mining (Member 450553). Mineral resources of the Ekströmsberg, Tjårrojåkka, and Pattok have been prepared and categorised for reporting purposes by Dr Wheatley, following the guidelines of the JORC Code. Dr Wheatley is qualified to be a Competent Person as defined by the JORC Code on the basis of training and experience in the exploration, mining and estimation of mineral resources of gold, base metal and iron deposits. Dr Wheatley consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

Competent Persons Statement-Vieto, Sautusvaara, Renhagen and Harrejaure Mineral Resources

The mineral resource estimate for Vieto and Sautusvaara is effective from 26 July 2011 and the mineral resource estimate for Renhagen and Harrejaure is effective from 13 January 2012 and has been prepared by Mr Geoffrey Reed of Minarco-MineConsult acting as an independent “Competent Person”. Mr Geoffrey Reed is a member of the Australasian Institute of Mining and Metallurgy (CP)(Member 205422). Mineral resources of Vieto, Sautusvaara, Renhagen and Harrejaure have been prepared and categorised for reporting purposes by Mr Reed, following the guidelines of the JORC Code. Mr Reed is qualified to be a Competent Person as defined by the JORC Code on the basis of training and experience in the exploration, mining and estimation of mineral resources of gold, base metal and iron deposits. Mr Reed consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

Competent Persons Statement-Exploration Targets

The information in this document that relates to JORC Exploration Targets is based on information reviewed by Mr Thomas Lindholm of GeoVista AB, Luleå, Sweden acting as an independent “Competent Person”. Mr Lindholm is a member of the Australasian Institute of Mining and Metallurgy (Member 230476). Mr Lindholm is qualified to be a Competent Person as defined by the JORC Code on the basis of training and experience in the exploration, mining and estimation of mineral resources of gold, base metal and iron deposits. Mr Lindholm consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

*The JORC Exploration Targets have been subjected to diamond drill testing, ground geophysics and interpretation by the Geological Survey of Sweden reviewed by Mr Thomas Lindholm, of GeoVista AB. The potential quantity and grade of the exploration targets is conceptual in nature, there has been insufficient interpretation to define a JORC Mineral Resource and it is uncertain if further interpretation will result in the determination of a JORC Mineral Resource.