and being developed towards production in the near term, with preparatory activities scheduled to
commence in 2022. Dundas has a Mineral Resource reported in accordance with the JORC Code
of 117Mt at 6.1% ilmenite and a maiden offshore Exploration Target of between 300Mt and 530Mt of
ilmenite at an average expected grade range of 0.4 - 4.8% ilmenite in-situ. The Company has agreed
a Master Distribution Agreement with a major Asian conglomerate for up-to 340ktpa of its anticipated
440ktpa annual output. The Company has signed on a major European bank to head the financing
syndicate for Dundas. The Company's strategy is focused on securing financing ahead of commencing
commercial production at Dundas in order to create a company capable of self-funding exploration
on its current and future projects.
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