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Investor Presentaiton

MDB Project Progress (2) ■ Total project cost up to June 30, 2014 = US$143.9 million* (*) including working capital of US$29.1 million Breakdown of MDB Project Cost, excluding working capital, as of June 30, 2014 Legal Process 2% Financing Cost 11% Land Acquisition 12% Mining Construction 24% Port Construction 51% reswara 27 22

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