E70/4787 (Stanley Project), key drill results and prospects. Note: The geology interpretation is based on previous geological interpretations and geophysical interpretation and modelling by Cygnus as explained in the Independent Technical Assessment Report within Cygnus’ Prospectus dated 22 November 2017.

Bottleneck - Storm bearing Down on the Rig

Diamond rig at Bottleneck

Core drilling at Bottleneck

Drilling Bottleneck

The Stanley Project is Cygnus’ most advanced project where drilling by previous explorers identified numerous shallow, high grade gold prospects which have received limited follow up.

Stanley was targeted following Cygnus’ interpretation of available geophysical datasets (gravity and magnetics) which identified a >20km long strike length of prospective greenstone sequences.

Review of historical exploration data from previous explorers at Stanley identified several high grade prospects from aircore drilling, auger and surface sampling that were never adequately followed up.

Importantly previous explorers drilled limited deeper reverse circulation holes, and no diamond core holes and therefore had little to no information regarding the structures or lithologies which focus and host gold mineralisation.