Fees and Charges

1 Government of western AustraliaDepartment of Mines, Industry Regulation and SafetyMineral TitlesFees and Charges 2017 18 Information on Mining TenementsMining Act 1978 Effective 1 July 2017 MaximumAreaTerms (years)FeesMinimum AnnualExpenditureApplicationRentProspect ing Licence200ha4 years Renewable for 1 period of 4 years (for licences applied for after 10 February 2006)$ $ per ha or part thereof minimum $ $ per ha minimum $2000 Special Prospecting Licence for Gold10ha (maximum)Minimum 3 months or further multiples of 3 months (4 year maximum)$ $ $2000 Exploration Licence (Non-Graticular) 200km2 minimum 10km25 years Renewable for 2 periods of up to 2 years and further periods of 1 yearN/A$ per km2 or part thereof for years 1 7 $ for subsequent years $300 per km2 minimum $20,000 Extensions: Years 6 & 7 $50,000 per year.

2 Thereafter $100,000 per yearExploration Licence (Graticular)70 Blocks200 Blocks(outside known mineralised areas)5 years May extend for 2 periods of up to 2 years and further periods of 1 year for licences applied for prior to 10 February 2006On or after this date term is 5 years, may extend for one period of 5 years and by a further period or periods of 2 years$ ($ if for 1 block only)Years 1 3 $ per block ($ if for only 1 block)Years 4 and 5 $ 6 and 7 $ 8 on $ 1 3: $1000 per block, with Minimum $10,000 for 1 block Minimum $15,000 for 2 5 blocks Minimum $20,000 for 6 20 blocksYears 4 5:$1500 per block, with Minimum $10,000 for 1 block Minimum $20,000 for 2 5 blocks Minimum $30,000 for 6 20 blocksYears 6 7:$2000 per block, with Minimum $15,000 for 1 block Minimum $30,000 for 2 5 blocks Minimum $50,000 for 6 25 blocksYear 8 onwards.

3 $3000 per block, with Minimum $20,000 for 1 block Minimum $50,000 for 2 5 blocks Minimum $70,000 for 6 23 blocksMining LeaseN/A 21 years renewable$ $ per ha or part thereof$100 per ha minimum $5000 if 5ha or less otherwise $10,000 General Purpose Lease10ha (larger area with Minister s consent)21 years renewable$ $ per ha or part thereofCovenant in lieuMiscellaneous LicenceN/A 21 years renewable $ $ per ha or part thereofCovenant in lieuMiscellaneous Licence (search for groundwater)N/A 21 years renewable $ per ha or part thereofCovenant in lieuRetention LicenceN/AUp to 5 years renewable$ $ per ha or part thereofAs per approved exploration programmeRetention Status Application$ 1 of 2 NOTE.

4 Ha = hectare km2 = square kilometreSecuritiesFor all mining tenements $ of dealingsCopy document (per document) $ (per caveat) $ (per devolution) $ of encumbrance (per tenement, per dealing) $ (per tenement) $ of court (per tenement) $ (per tenement) $ surrender (not section 65) $ of attorney $ tenement (per transfer)$ (per tenement)$ feesSearch for mining tenement register$ $ 5$ $ of a document $ Licence one year (per tenement)$ Licence one year (per tenement)$ Lease one year (per tenement) $ Lease five year (per tenement) $ Instrument of lease (per lease) $ of licence (per licence) $ s Right $ NilPermit under Section 40E $ to enter private land (minimum $ ) per lot $ (per tenement) $ before Warden s Court/WardenPlaints (per tenement)/Application for forfeiture$ and witness summons$ necessary applications and affidavits (includes Interlocutory Application)

5 $ by Warden including order for an injunction$ of evidence per page$ of judgements, decisions or order per page$ and Charges Information on Mining Tenements Effective from 1 July 2017 Mineral House, 100 Plain Street, East Perth WA 6000 Tel: +61 8 9222 3333 Email: Web: 2 of 2