Ann: Definitive Documents Executed for Production Expansion Plans, page-3

HIGHLIGHTS  Definitive documentation executed for the life of the mining leases, and any extension thereto for AP26 and AP27.  NSL secures access to production expansion through additional strategically located mining leases, AP26 and AP27,  NSL to take full control of all aspects of the mining leases in exchange for a beneficiated Run of Mine (ROM) royalty payment of circa $1/tonne.  AP26 and AP 27 contain a significant quantity of iron ore material amenable to NSL’s beneficiation processes.  AP26 and AP27 are located only 1.5kms and 9kms from existing plant at NSL’s stockyard.  AP26 and AP27, with a combined 100 acres of land area represent a 300% increase in total mining lease area compared to Kuja and Mangal.  All approvals in pla