Ann: Quarterly Activities Report, page-136

Hi Fulang

Do you have any issues with the prices I have quoted in the following table?


Regarding the mining fleet for the inland strands

The MAIDEN ORE RESERVE FOR TORMIN INLAND STRAND stated

The deposits will be mined in multiple stages in a conventional open
pit operation and will utilise conventional load-haul mining methods.
Each panel will be mined using 70 tonne class excavators and 60
tonne class rigid frame trucks.

A minimum mining width for pits of 50m is based on the use of CAT
773 E class trucks.

I haven't seen any announcement that detail MRC has purchased these trucks or if enter into a lease agreement for them, the initial announcement detailing the commencement of mining of the inland strands mineralisation showed they were using articulated trucks. Would you happen to have an announcement that clarifies they have entered into the agreement with Madeba?

Thank you for the explanation on why MRC cannot produce concentrate, It will be interesting to see what method MRC comes up with to produce the higher grade/finished products as it is mentioned in their 5-year plan.