Sembehun Project Feasibility and Market Dynamics slide image

Sembehun Project Feasibility and Market Dynamics

Area 1 - Mine Life Extension Program Sierra Rutile Limited Sierra Rutile is currently undertaking a work program to convert Mineral Resources to Ore Reserves in order to extend the Area 1 life of mine plan. Area 1 - Mine Life Extension Program Overview • Pejebu and Ndendemoia deposits are located less than 5km south of the MSP within the Area 1 Mining Lease. Subject to completing the technical and operational planning activities required to convert Indicated Mineral Resources to Ore Reserves, mining at Pejebu and Ndendemoia will be considered following completion of mining activities at Gbeni and Lanti. A mine life extension work program has commenced at both deposits, including: additional geological drilling program and resource model update; pit and civil infrastructure design; operational planning including mine sequencing; and financial modelling. The work program is scheduled to be complete by mid 2023. Area 1 - FY22 Extension Drilling The 2022 drill program is focussed on collecting metallurgical and geo-metallurgical data and improving Mineral Resource confidence as part of the ongoing LOM program. Deposit Current JORC Status Drill metres planned Indicated 1,239m Inferred Pejebu Expected JORC status after drilling Measured Indicated Measured Ndendemoia Indicated 871m Indicated 13
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