Mining Strategy

Ferrox plans to extract ore from surface operations utilizing the services
of a mining contractor for the mining operations

Ferrox’s operational team has already been in advanced discussions with various local mining contractors. Leisitele (PTY) Limited has been earmarked as the primary Mine Services Contractor. A number of local South African Mine processing companies have been considered.

The mining method considered for the Project is conventional open pit mining using truck and excavator combinations.
- This is a conservative mining method which is well-established with a proven track record in similar operations.

The weathered material, approximately 25 m to 40 m deep, will not require blasting and will be removed by an excavator and loaded into haul trucks.

The fresh rock will require blasting. Drill rigs will be used to drill blast holes to be charged with explosives and blasted.
The blasted material will then be removed by an excavator and loaded into haul trucks.
Ore will be transported to the processing facility and waste will be transported to wasted rock dumps.
Pit optimization model has been performed and the results are used to develop the production schedule and mine plan.
The production scheduling was phased to maintain a lower stripping ratio for as long as possible by extracting ore along the strike of the orebodies before deepening the pits.