18 Makwa Ma yv ille Property PEA Results RP A 2014 W W W G R IDM E TA L S C O R P C O M TSX V G R D M F R A NKF U R T NJ F 1 PE A High li gh t s M i n e L i f e 14 ye ars To n n e s M i l l e d 391M Pr o c e ssi n g R ate 8300 tp d R e c o v e r y Makwa 738 N i 410 Cu Mayvil l e 400 N i 900 Cu L O M Pr o d u c ti o n 47156 to n n e s N i 124510 to n n e s Cu L O M S tr i p p i n g R ati o Makwa 791 Mayvil l e 601 In i ti al C A PE X C208M To tal C A PE X C301M L O M N e t R e v e n u e C1 840M Pr e tax C ash F l o w C637M Pr o ject E c o n o mi c s C944 l b Ni C378 l b Cu Pr e tax N PV 10 C68M Pr e tax IRR 17 P E A en vis io n s a c on v en tion al tru c k an d shov el o per a tio n with tw o ope n p its R ec ov e r y by fl ot a tion c onc en tr a tion of th e m in er aliz ed m a t erial at a c en tr al mill oper a tin g at 8 300 tp d Min e lif e is e xpe c t ed to be 14 y ear s F our y e ar s at Mak w a e igh t y e ar s f or Ma y ville and r em ain ing y ear s f or s t ock p iles C onc en tr a t or at th e Ma y vill e si t e wi t h Makw a m a t erial tru c k ed to th e c onc en tr a t or 43 km a w a y Not e m e t w ork c om p let e d in 2 0 1 9 r e su l te d in sig n ific an tly im p r ov ed n ic k el r ec ov eries f or Ma y vill e d ep os it 1 N o t e s T he P E A is pr e l i m i n ar y in na t u r e it i nc l u de s i n f e r r e d m i ne r a l r e s o u r c e s c o ns i d e r e d t o o sp e c u l at i v e g e o l o g i c al l y to ha v e t he e c o n o m i c c o ns i de r at i o ns ap pl i e d to t he m t ha t wo u l d e na b l e t he m to be c at e g o r i z e d as m i ne r a l r e se r v e s an d t he r e is no c e r t ai nt y t ha t t he pr e l i m i na r y as se ss m e nt w i l l be r e al i z e d