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Terramin General Update Matt Daniel Environment and Community S uperintendent Angas Zinc Mine 1 Angas Zinc Mine Ongoing management of site weed control and revegetation During the quarter observed a family of White-browed


  1. Terramin General Update Matt Daniel – Environment and Community S uperintendent Angas Zinc Mine 1

  2. Angas Zinc Mine  Ongoing management of site – weed control and revegetation  During the quarter observed a family of White-browed Babblers, first seen on site in 7 years  Picture shows a Little Eagle, taken on AZM (M.Ankor)  Hydrostor - progress  Compressed Air Energy S torage  Presentation tonight

  3. Terramin Update  Appointed new CEO – Richard Taylor  Bachelors of Economics and Law – University of Newcastle  Master of Laws –ANU  Master of Business Administration – Cambridge  Member of Australian Institute of Company Directors  Panaust Asia  Managing Director, copper gold mine, Laos  MMG (Oxiana)  Asia and Country Manager  S epon copper/ gold mine, Laos  Department of Foreign Affairs and Trade  World Bank – S ustainable Energy, Oil, Gas and Mining

  4. Terramin - Proj ects  Bird in Hand / Angas Processing Facility  Beginning t o receive feedback from DEM on BIH ML Proposal  Draft AZM MPL being reviewed externally prior to the draft being lodged with DEM  S till waiting on DEM approval to begin Managed Aquifer Recharge drilling at BIH  Tala Hamza  Mining lease application being reviewed by government agencies  Completion of mining lease application ready to be submitted subj ect to j oint resolution of the Tala Hamza partners  Continued engagement with the Algerian regulator and government.

  5. Quarterly Environment Report Matt Daniel – Environment and Communit y S uperint endent 5

  6. Activities over Q1  Annual Compliance report submit t ed in March  Continued drafting of MPL for Angas Processing Facility  Updated stormwater design for MPL –AECOM  S light cat chment change

  7. Angas Zinc Mine – Quarterly Environment Report No non-compliances against lease Conditions for Quarter 1, 2018  Correction to QER  No non-compliance against PM10 Outcome Measurable Criteria  Review: “ PM10 dust levels collected from the HiVol PM10 sampler located at the visitors viewing area (Figure 44 - same location as the HiVol sampler), will be sampled over a 24hour period every six days as per AS , 3580.9.3:2003 standards. Data will demonstrate compliance with NEPM 1998 criteria of <50 micrograms/ m3 per 24 hour period with <5 days exceedances per year .”  Terramin still conducted investigation as to why

  8. Angas Zinc Mine – Quarterly Environment Report 17 th March 2018 - Saturday PM10 measured 55ug/ m 3 over 24 hours   Unusual - Investigation showed wind direction towards operational area all day, not away from operational area  No activities being undertaken at AZM  No southerlys, south-westerlys, or south-easterlys  65km/ hr onsite 0-5 5-10 10-15 15-20 20-25 25-30 30-35 35-40 40-45 >50 N 12.00% 10.00% NW NE 8.00% 6.00% 4.00% 2.00% W E 0.00%

  9. Tailings S torage Facility  urface area remains at approximately <5000m 2 S  Water level is approximately 67.68m RL (compliance is 74.2m RL)  eepage drains remain lowest they’ ve been in last 2 years – approx. ≈ 1L/ min S  Cadmium spike in TS F B and D reviewed by ATC Williams and unrelated to TS F TS F Drain Flow Rates 3.5 3.0 Flow Rate (Litres/ minute) 2.5 2.0 1.5 1.0 0.5 0.0 Jan-2016 Mar-2016 May-2016 Jul-2016 ep-2016 Nov-2016 Jan-2017 Mar-2017 May-2017 Jul-2017 ep-2017 Nov-2017 Jan-2018 S S Drain 1 Drain 2 Drain 3 Drain 4 Drain 5 Tot al Flow (L/ min)

  10. Closure Plan Fact S heets  Up in Visitor’s Viewing Platform at AZM  Copies available for Community Access areas (actions outstanding from last meeting)  See Matt after meeting to obtain a set

  11. Questions?

  12. Hydrostor A-CAES System Basics

  13. Terramin Zinc Mine A-CAES System

  14. Benefits for Australia • Repurpose decommissioned thermal plants and defer Fossil Plant remediation costs • Re-use of existing interconnection and infrastructure Replacement • Synchronous generation for reliability, without emissions • Non-wires alternatives to defer grid network investment Transmission • Alleviates grid congestion during peak periods Deferral • Locatable reliable power for critical areas and infrastructure • Provide dispatchable, base loaded renewables Renewable • Optimize solar/wind project economics through time-shifting Integration • Reduce curtailment • Ability to eliminate fuel costs & logistics (off-grid) Mines / Large • Improve reliability and reduce electricity grid charges (on-grid) Industrial • Re-use legacy mining infrastructure 14

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