Great report !IN part ....... The technical review undertaken by...

Great report !
IN part .......
The technical review undertaken by Metalytics, a highly regarded specialist consulting firm to the iron ore and
steel industries, has benchmarked projected iron and mass recoveries from the Company’s Central Eyre Iron
Project (CEIP) with comparable Australian and Canadian high-grade iron ore concentrate projects. It has also
assessed key characteristics of CEIP concentrate in the context of high-grade iron ore products in international
trade. The CEIP hosts Australia’s largest magnetite Ore Reserve with a Definitive Feasibility Study (DFS) and postDFS optimisation studies complete.
As outlined in the 19 May 2021 announcement, a key finding of the Metalytics report is that the coarse grain size
and moderate hardness of the CEIP ore make it possible to reject 60% of the run-of-mine (ROM) mass early in the
processing stage at the Rougher Magnetic Separation (RMS) step.
Even so, this is the best and possibly most underrated iron ore resource in Australia - The Central Eyre Iron
Project (CEIP) hosts Australia’s largest magnetite Ore Reserve with a Definitive Feasibility Study (DFS) and postDFS optimisation studies complete.