Interview, page-24

Current status:

- 481mt resource
- Highest grade iron ore concentrate in the world.
- Reset for 5mtpa or 10mtpa scaling to 20mtpa later on.
- At BFS stage
- Product demand desperately needed for decarbonization as highly needed and highlighted by BHP, RIO, FMG, TATA, NIPPON, ACELORMITTAL,...
- Prime target for a takeover or a JV partnership.
- MC = $100mil
- Exploration Target resource = more than 2bil tons concentrate.

That is Hawsons project as of today 18 Oct 2022.

IT IS A COMPELLING INVESTMENT IN MY BOOK AND IN MAJOR IRON ORE PRODUCERS's EYES.

This is a battle between short term traders and long term investors.