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16 December 2020 DOLPHIN TUNGSTEN PROJECT REVISED …

Increased Probable Ore Reserve as per Table 1:2 3 Table 1. Probable Ore Reserve Mt WO3% Mmtu Dolphin Open Cut (0.2% WO3 cut off) 2.93 0.76 2.22 Dolphin Underground (0.7% WO3 cut off) 1.50 1.24 1.86 Total 4.43 0.92 4.08

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