Site Content

---

1. Mine Life and Potential Expansion:

The estimated mine life is around 17 years. However, further development of additional and viable magnetite resources within the Yalgoo area could potentially extend this to 20 years or more.

2. Yogi Pit Optimization and Mining Volume:

The Yogi Pit has been optimised to yield approximately 310,000,000 tons of ore at a 2:1 strip ratio. The total mining volume is estimated to be a substantial 906,000,000 tons.

3. Pit Dimensions and Depth:

The Yogi Pit will have dimensions of 4.5km in length and 600 meters in width. Its mining depth is initially planned to be approximately 260 meters, but this depth may be subject to revision if the ore body extends to the north and south.

4. Annual Mining Volumes and Ore Grade:

The project aims to mine about 54,000,000 tons of ore annually, which will be processed to produce 20,000,000 tons of ore at a high grade of 29% - 31% Fe. The final concentrate product will have an impressive Fe content of 66% - 67%.

5. Mining Methods and Operations:

The project will employ conventional mining methods for essential tasks such as drilling, blasting, loading, and hauling.

6. Power Supply:

To meet the project's substantial power requirements of 72 MW, a hybrid power plant utilising both Gas and Solar technologies will be implemented. Additionally, Mullewa power generation will utilise a hybrid system capable of generating 6 MW.

7. Gas Supply Source:

The Gas supply for the project will be sourced from the Dampier to Bunbury Natural Gas Pipeline, which passes through one of FIJV's tenements to the south of the Yogi operation.

8. Advanced Magnetite Process Plants:

Proven and advanced technology, developed over 35 years by a leading expert in magnetite recovery systems, will be used to construct the Magnetite Process Plants.

9. Slurry Return Water Pipeline:

A steel pipeline, with diameters of 350mm and 300mm, will be utilised for the slurry return water pipeline.