Carpentaria Exploration – Positive study confirms new start-up case can significantly reduce capital costs at Hawsons

– Detailed study confirms a robust “go forward” case that matches existing infrastructure

– Existing infrastructure provides significant advantages for Hawsons compared to other projects

– Significantly lower capital costs

– Shorter project development timeframes

– Targeted free on board (FOB) costs to be very competitive reflecting low power demand, low strip ratio and cheap power from the eastern states grid

– Joint venture (JV) partners to plan next phase of development with confidence and direction