Ann: Gulf to undertake Due Diligence on Manganese Mine, page-42

I haven't been to GMC HC for a while and see that GMC is looking to buy a Mn ore mine in North Central NTT.

The location is quite important. North Central NTT means it could be up near Atambu or Halilulik which are a long way from Bolok. Cost lots of money transporting Mn ore.

Also it is probably sedimentary Mn ore which comes in 50 to 100mm bands between clay, not massive. See photo below:-

There are other areas which have massive breccia Mn ore. But little exploration completed to date.

Just to remind that this is photo indicates the scale of Mn ore mining in NTT - Mn ore is handled by hand.

Don't know how GMC is going to export 5,000t per month.

The total supply of Mn ore in NTT is something like 50,000t (old figure before clampdown on mining), so 10 months supply, but it will need testing and grading.