Bulk Sampling Capacity Increase

- Industrial scale “spiral concentrator” at the laboratory and testing facility in Lilongwe:

- Industrial-scale MG12 equipment

- Throughput capacity up to 10 tonnes / hour for sample preparation

- Installation to commence in the coming weeks

Lab Testing at Peterson & Cooke

- The Spiral concentrator in final stages of testing at Paterson & Cooks’ Lab in Cape Town

- P&C is a global leader in mining systems, tailings and waste handling

- Following successful testing it will be dispatched to Lilongwe, Malawi

Key Personnel

- Head of Project Development, Mr Paul Marcos, has led the spiral installation project

- Chief Technology Officer - Graphite, Dr Surinder Ghag, will be responsible for graphite test work programs and product qualification

Market Intelligence

- Commercialising the World’s largest rutile resource

- PFS post tax NPV8 of $1.6Bn

- Rio Tinto Strategic investor at 15%

- Cash & Equiv. of $39.4m (1H24)

- Technical committee comprises 3 SVML employees and 3 Rio Tinto employees