Ann: **anintha Northern Block Resource Upgrade, page-9

This resource update is excellent.

The global (total for Northern and southern blocks) HIGH GRADE MASSIVE MAGNETITE RESOURCE is increased from 55Mt to 71.2Mt by 29%. This is the part mainly I am interested in as the recovery rates are very high and cash cost of end product V2O5 will be very low by this part of resource.

Now TMT has a high grade resource 3.5 times larger than Largo. (71Mt vs 20Mt).

Also, TMT is working very professionally. Not making any hype or misleading comments in their announcement. I like that.