CORPORATE

Cash and Cash Equivalents

As at 31 March 2018, the Company had cash of $8,771,449.

Northern Star Resources Limited Shares

During the quarter, the Company sold 250,000 shares in NST at an average price of $6.94 per share receiving approximately $1.72 million (net of transaction costs).

As at 31 March 2018, the Company has 500,000 NST shares remaining.

EXPLORATION

Central Tanami Project (75% Tanami)

During the quarter as advised by NST, the following activities were undertaken by NST:

  • Submitted the Mine Management Plan (“MMP”) variation for 2018 work programs at Suplejack and Tanami South;
  • SSCC approval for 2018 work programs at Suplejack and Tanami South;
  • Suplejack Access Agreement negotiations;
  • Completed geochemical sampling program at Suplejack;
  • Planning for drilling programs at Suplejack and Freefall projects completed;
  • Site preparation for aircore drilling at Jims Return, Terminus, Solaris, Channel 4 and Freefall completed;
  • Site preparation for RC sterilisation drilling at Hurricane‚ÄźRepulse;
  • Water sampling at CTP; and
  • Continued interpretation of new airborne data

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