➢ BSK has completed an updated Preliminary Economic Assessment (PEA) for its flagship Amarillo Grande project in Argentina.

➢ The PEA reported an AT-NPV8% of US$228M, and a high AT-IRR of 39%, using US$75/lb U 3 O 8 vs the spot price of US$91/lb. BSK is trading at just 5% of the NPV.