Ann: Annual Report to shareholders, page-9

SalesThe realised price for Karara magnetite concentrate is represented by the published benchmark assessment of thespot price of a standard specification of iron ore fines with 65% iron (Platts IODEX 65% Fe) plus a premium formagnetite concentrate (September 2018 Quarter – average of approximately USD$1.27 per DMT) and adjusted for itshigher iron grade relative to the benchmark (September 2018 Quarter – average of approximately 65.7% Fe), lessstandard penalties for impurities.The average realised CFR2 price for the September 2018 Quarter was approximately AUD $130.33 per DMT3 onprovisional basis (June 2018 Quarter: approximately AUD $116.55 per DMT).