DTR MAGNETITE GRADE IS USED FOR COMPARISON OF VARIOUS MAGNETITE PROJECTS IN THE BRAEMAR

❖ Lodestone Olary Flats - DTR magnetite grade 26%

❖ Competing Project One - DTR magnetite grade 16%

❖ Competing Project Two - DTR magnetite grade 14%

 

IMPLICATIONS for MINE AND CONCENTRATOR COSTS

Project One will generate 1.89 times more tailings than Olary Flats per unit of product and Project Two will generate 2.34 times more.

Olary Flats capital and operating costs would be expected to be 40% lower than Project One and 47% lower than Project Two for equal product production rates

All other factors being equal

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