Investment Highlights

Niche zircon and rutile focus

• high value products
• easy to market
• strong growth in zircon prices supported by strong demand growth
• supply deficit looming

Early production opportunities

• existing mineral sands resources and other advanced targets
• Tiwi Islands Andranangoo project in full production

Low capital simple operations cost

• simple operations
• low capital and operating costs
• low environmental impact
• high value deposits

Experienced and respected management

• proven track record
• depth of mineral sands expertise