Ann: Scheme of Arrangement and Demerger, page-113

The Mole,

Easier for me to download in the following PDF file : KML mine stage 2 Upgrade.pdf

With regard to the magnetite pellet, I have not done much research on it but is aware of the higher premium it commands, in the region of US$30 to US$50 per ton. If GBG is to hold on to the KML investment, this is another value added possibility for the 4 mtpa magnetite concentrate. I remember reading about the intention to put up pellet plant at the proposed Oakajee deep sea port some years ago.

It is good that you have raised this pellet issue in the paper, high lighting to the IE the extra value Ansteel is deriving from KML mine.