Highly Encouraging Metallurgy Results from Inhambane

i Metallurgy results have been received with test work confirming that the Inhambane mineral sands can be processed readily using typical mineral sands processing methodologies and equipment i The following key products were produced: o Primary Ilmenite containing 49.8% TiO2, 0.6% SiO2, 0.4% Al2O3 and <0.1% Cr2O3 o Zircon containing 66% ZrO2 + HfO2, < 0.1% TiO2 and < 500ppm U + Th o High Titanium