Ann: Annual Report to shareholders, page-2

Annual report states export of manganese expected in Q1 2015. Will be most welcome, but well overdue;


The Company’s goals in the second half of 2014 and into 2015 are: Otjo Project  Increase the start up inventory by infill trenching, blast hole sampling and RC drilling  Mine bulk samples for metallurgical test work and beneficiation trials  Establish logistic and marketing links for product and send trial shipments  Commission a processing plant to beneficiate Mn ore  Commence export of product in the first quarter of 2015  Continue infill and grade control programs to maintain plant feed 