Contact Company Secretary James O’Connell – Phone: (08) 8942 5798 Email: Location Approx 260 kms east of Darwin Description Proposed underground development with ore processed at existing facilities. Exploration Decline completed Q4 2014 and PFS completed Q1 2015. On 11 June 2015, ERA announced that the Ranger 3 Deeps project will not proceed to Final Feasibility Study in the current operational environment. Project economics require operation beyond the current Ranger Authority (Jan 2021). Product Uranium (U3O8) Resource Estimated 19.58 Mt @ 0.224% U3O8 equating to 43,858 t of uranium oxide. Mine Life Requires extension beyond January 2021 Approvals Environmental Draft EIS submitted Mining subject to enviro approvals – – Proposed Schedule Construction TBA Production TBA – – Jobs Construction 100-150 Production TBA – – Capex Includes $120M for exploration decline and $57M for PFS Mine Name WINCHESTER Company Korab Resources Limited Contact Andrej Karpinski Executive Chairman – Phone: (08) 9474 6166 Email: Location Approx 70 kms south of Darwin and 2 kms east of Batchelor. Description Potential open pit mining operation with on-site processing through simple crushing, screening and sorting. Ore will be trucked to Darwin port for export. Results of the Feasibility Study released in January 2015 and updated in March 2018. Product Magnesite (Magnesium Carbonate) DSO rock Resource 16.6 Mt @ 43.2% MgO Mine Life Pre-Feasibility Study (PFS) based on up to 12 years at variable mining rates. Current Mine Plan based on 300,000tpa for 10 yrs or 600,000 tpa for 5 yrs. Approvals Development proposals to be submitted in Q1 2019. Proposed Schedule Construction 2019 Production 2019/20 – – Jobs Construction TBA Production Up to 36 – – Capex $2.5M (from Pre-Feasibility Study). Mine Name ROPER VALLEY IRON ORE Company Northern Territory Iron Ore Pty Ltd Contact Bill Mackenzie Managing Director – Phone: To Be Advised Email: Location 420 kms south-east of Darwin and 150 kms east of Mataranka. Description Conventional open pit mining from Deposits C, W and X. On-site processing will involve conventional crushing and screening, to produce 2-6 Mtpa of saleable iron ore. Ore will be transported by public roads to a purpose built Barge Loading Facility
Contact James O’Connell – Company Secretary Phone: (08) 8942 5798 Email: Location Approx 260 kms east of Darwin Description Proposed underground development with ore processed at existing facilities. Exploration Decline completed Q4 2014 and PFS completed Q1 2015. On 11 June 2015, ERA announced that the Ranger 3 Deeps project will not proceed to Final Feasibility Study in the current operational environment. Project economics require operation beyond the current Ranger Authority (Jan 2021). Product Uranium (U3O8) Resource Estimated 19.58 Mt @ 0.224% U3O8 equating to 43,858 t of uranium oxide. Mine Life Requires extension beyond January 2021 Approvals Environmental – Draft EIS submitted Mining – subject to enviro approvals Proposed Schedule Construction – TBA Production – TBA Jobs Construction – 100-150 Production – TBA Capex Includes $120M for exploration decline and $57M for PFS Mine Name WINCHESTER Company Korab Resources Limited Contact Andrej Karpinski – Executive Chairman Phone: (08) 9474 6166 Email: Location Approx 70 kms south of Darwin and 2 kms east of Batchelor. Description Potential open pit mining operation with on-site processing through simple crushing, screening and sorting. Ore will be trucked to Darwin port for export. Results of the Feasibility Study released in January 2015 and updated in March 2018. Product Magnesite (Magnesium Carbonate) DSO rock Resource 16.6 Mt @ 43.2% MgO Mine Life Pre-Feasibility Study (PFS) based on up to 12 years at variable mining rates. Current Mine Plan based on 300,000tpa for 10 yrs or 600,000 tpa for 5 yrs. Approvals Development proposals to be submitted in Q1 2019. Proposed Schedule Construction – 2019 Production – 2019/20 Jobs Construction – TBA Production – Up to 36 Capex $2.5M (from Pre-Feasibility Study). Mine Name ROPER VALLEY IRON ORE Company Northern Territory Iron Ore Pty Ltd Contact Bill Mackenzie – Managing Director Phone: To Be Advised Email: Location 420 kms south-east of Darwin and 150 kms east of Mataranka. Description Conventional open pit mining from Deposits C, W and X. On-site processing will involve conventional crushing and screening, to produce 2-6 Mtpa of saleable iron ore. Ore will be transported by public roads to a purpose built Barge Loading Facility
PotentialMiningDevelopments.docx