DON JULIO PROJECT

The Don Julio Gold Project is located in the municipalities of Calingasta and Iglesia in the Province of San Juan, Argentina. Road access to the Don Julio project from the city of San Juan driving north for 165 km along the paved road that connects San Juan with the town of Iglesia and then west for 11 km south of Iglesia following the gravel road 431 for 35 km to arrive the project site.

Don Julio Cluster

Key Highlights

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• Sable holds the rights to acquire 100% ownership of 58,629 hectares
• Sable and South32 recently signed an Earn-in Agreement to jointly explore the Don Julio Project
• Nine drill-ready targets within a 12 by 12 km forming the Don Julio Cluster.
• Don Julio Cluster targets include Au-Cu porphyry, IS-HS epithermal, and skarn with extensive Au, Ag, Cu, base metal surface anomaly
• Drill permits ready
• 59 km to Barrick’s Alturas deposit (8.9Moz inferred resource) as of December 2018
• 130 km to Barrick’s Veladero mine (2.5 MOz reserves; 1.8MOz resources) as of December 2018; plus past production
• Possible Extension of El Indio-Pascua District (50Moz+)
• Located in Argentina’s Mining Friendliest San Juan Province
• Additional exploration potential out of the cluster in regional targets

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The Don Julio Au (Cu) project is situated on the eastern margin of the Cordillera Principal of Argentina and may represent the southern extension of the well-endowed El Indio-Pascua mineral belt which hosts 50Moz+ Au.