| Iron Ore Fines fe 65% USD 57 FOB Richards Bay SA Supply Available- 300 000 MT per month x 5years Specification (typical analysis) Sulphur as S 0.015% 0.02% max. Phosphoras as P 0.0479% 0.05% max. Manganese as MriO 0.22% 0.25% max. Iron as Fe 65% 65% min. And rejection 64%. Silica as SiO2 1.97% 2% max. And rejection 3% Aluminium as Al203 0.98% 2% max. And rejection 3% Magnesium as MgO 2.65% 3% max. Calcium as CaO 0.78% 1% max. Titanium as TiO2 1.47% 1% max. And rejection over 1.5 Payment Structure A fully funded, irrevocable, divisible, transferable, revolving Documentary Letter of Credit at sight Please note that the mine will only supply iron ore on a FOB basis An official updated SGS report will become available to a buyer that shows serious interest Federal Iron Group |