Ann: Suvo Achieves 99.99% (4N) from High Purity Alumina (HPA), page-2

Suvo Achieves 99.99% (4N) from High Purity Alumina (HPA) Test Work Highlights

 Preliminary HPA test work from Suvo’s White Cloud Resource achieved a purity of 99.992%

 Testing was conducted by world renowned Beijing General Research Institute of Mining and Metallurgy(BGRIMM) laboratories in China

 Additional test work will now be conducted to work towards achieving 5N (99.999%) purity HPA

 Higher grade feed stock (>38% Al2O3) and low impurities offer significant advantages for the production of HPA

 Current estimates of global pricing for HPA ranges between ~USD$15,000 to ~USD$30,000 per tonne for 4Nand ~USD$40,000 to ~USD$50,000 per tonne for 5N product.

 Suvo will now investigate commissioning a pilot plant, evaluate new addressable markets and offtake partners through their Research and Development subsidiary Suvo Minerals Technology.