IRON SAND MINE IN MEXICO

MATERIAL: IRON SAND MINE, "CONCESSION FOR SALE"

Fe content: 8% average

Area: 411 ha.

Reserve: 700 million MT, approx. (330 million m3 minimum)

Price: USD 25 million (Concession valid until 2060)

* Buyer of the concession will have all the rights to explore and commercialize the iron sand. We support the buyer to obtain all the necessary permits and certificates to export the product, as well as we provide all the necessary support for the operation.

* Buyer of the concession has to pay 6% of sales revenue of the product to the land-owner according to the relevant local law and the contract to be concluded with the land-owner.

* The mine site is located about 200km from Ensenada port (Pacific coast).

* Currently a Chinese company is producing iron sand (by water separation process) to export to China in a small area nearby this area.

* This mine for sales (411 ha) is only a small part of the iron sand mines of the same owner.

Analysis report of iron sand after magnetic separation process

* For further information, please contact us.