HIGHLIGHTSThe Scoping Study confirms Kasiya as a globally...

HIGHLIGHTS
The Scoping Study confirms Kasiya as a globally significant natural rutile project. Kasiya is the largest undeveloped
rutile deposit in the world and therefore is highly strategic in a market characterised by extreme supply deficit.
This initial Scoping Study develops the concept for a multi-decade mine providing a stable supply of a highly soughtafter rutile (TiO2) and graphite whilst contributing significantly to the economy of Malawi.
Exceptional Economics
• Scoping Study demonstrates globally significant & strategic project with low capital costs
& high returns
• Positioned as one of the world’s best undeveloped titanium minerals projects
Positioned for growth
• The life-of-mine inventory covers just 38% of the drill defined mineralised footprint
• Substantial additional resource growth expected in early 2022 to enable the Study to be
enhanced
Sustainable and ESG Driven
• Significant contribution to Malawi via fiscal returns, employment, training & social
development
• Low carbon footprint operation – hydro & solar power supply
Critical raw materials reducing carbon emissions
Rutile market in structural supply deficit
• Current supply declining with very limited additional production in the pipeline
• The current severe structural supply deficit in natural rutile is forecast to continue to
widen in the medium & long term
Strong relationships
• Significant support from the government of Malawi for the development of Kasiya
• Highly supportive community to benefit from project development
• Establishing relationships with off-takers with significant interest already received