ROPER VALLEY IRON ORE PROJECT

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BACKGROUND INFORMATION

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OWNERSHIP

• 100% owned by Northern Territory Iron Ore Pty Ltd (NTIO)

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PROJECT TITLES

• 5 x granted Exploration Licences covering 2,730.5 square kilometres

• 1 x Exploration License Application covering 1,061.6 square kilometres

• 1 x granted Mineral Lease covering 1,639 hectares

• 5 x Mineral Lease Applications covering 9,339 hectares

• 1 x Special Purpose Lease (barge loading) covering 1.9 square kilometres

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MINERAL RESOURCES

• 5 x deposits

• JORC Total               488Mt @ 41.6% Fe

  • Indicated      56Mt @ 48.1% Fe

  • Inferred        432Mt @ 40.9% Fe

• JORC DSO Total      41.2 Mt @ 57.8% Fe

  • Indicated      39.5 Mt @ 57.8% Fe

  • Inferred        1.6 Mt @ 57.5% Fe

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APPROVALS AND CONSENTS

• Environment Protection and Biodiversity Conservation Act (Cwth)

  • Approval issued

• Environmental Assessment Act (NT)

  • Assessment complete (mining)

  • Assessment ongoing (road and shipping)

• Aboriginal Land Rights and Native Title

  • Agreements complete